All Topics / General Property / Retirement Homes or Resort Studio apartment Purchases

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  • Profile photo of blotchyscrawlsblotchyscrawls
    Participant
    @blotchyscrawls
    Join Date: 2009
    Post Count: 1
    April 10, 2009 - 10:50 am

    Hi all,
    I am not sure if this has been covered anywhere else, so my apologies if I am reinventing the wheel, but does anyone have any thoughts about buying:
    1/In a retirement home?
    2/In a resort?

    I have found a couple of resort studios that return in accordance with the 11 Second Solution, and would like to start thinking about my first investment.

    Does anyone have any experience with such things, are there pitfalls that I should be aware of?

    Thanks very much to anyone who has any advice to give – good or bad!
    Blotchy

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    April 10, 2009 - 11:46 am

    Yes i have a thought on both.

    You wont finance them to a very high lvr so will either take up a lot of cash or equity.

    Richard Taylor | Australia's leading private lender

Viewing 2 posts - 1 through 2 (of 2 total)

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