All Topics / General Property / Retirement Villages

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  • Profile photo of Andrew20Andrew20
    Participant
    @andrew20
    Join Date: 2003
    Post Count: 6
    February 18, 2004 - 5:18 am

    What are the disadvantages of investing in a retirements village in order to abtain a postitive cashflow?

    Profile photo of CornelBassonCornelBasson
    Participant
    @cornelbasson
    Join Date: 2003
    Post Count: 62
    February 18, 2004 - 5:25 am

    Well you won’t be getting heaps of capital gains on the place. There might also be a pool fund and you don’t have 100% control of the place. I heard that if you want to be in total control of your investments don’t go for the retirement village idea….just my 2 cents

    Profile photo of Mortgage HunterMortgage Hunter
    Participant
    @mortgage-hunter
    Join Date: 2003
    Post Count: 3,781
    February 18, 2004 - 8:36 am

    You possibly wont get standard residential finance either.

    Cheers,

    Simon Macks
    Mortgage Broker
    [email protected]
    0425 228 985

    Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

    Profile photo of Andrew20Andrew20
    Participant
    @andrew20
    Join Date: 2003
    Post Count: 6
    February 19, 2004 - 2:55 am

    Thanks for the help.

    It is a pooled fund.

    Andrew

Viewing 4 posts - 1 through 4 (of 4 total)

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