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investing/renovating in retirement property ? investing/renovating in retirement property ?

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Old 11-11-2009, 02:50 PM
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Default investing/renovating in retirement property ?
hi, i have noticed these properties are cheap however you need to be over 65? has anyone renovated such properties , im presuming if a pensioner[buyer], was willing to be a partner , then renovating such properties would be a viable business? does anyone know what the restrictions are on retirement properties and is this possible?
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Old 11-11-2009, 04:58 PM
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I don't think retirement property is meant to be a 'viable business', it's what it says on the packet, for over 65's.. affordable accommodation. Why not just snap up some of that cheap property being knocked out at the auctions?!
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Old 11-11-2009, 07:30 PM
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it seems that there might be less compitition to buy retirement property and theres plenty of stock that needs doing up,and its always cheap , these are the favourable aspects, but what are the downsides?
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