Many of the condos in the 6 buildings that make up this project are either elderly or rentals so they are long term holdings.

This place is an older area, where the more elderly crowd lives.

I think that in New England, it is difficult to find older houses (which is most of the housing stock in some towns) where NO ONE has died, simply because as you go back in time, it was more and more common to stay at home when you were elderly and ill.Murders and suicides are less common, and have much more of a stigma.

The only reasons I have found from decent people are: 1) changing jobs so moving closer to new job and 2) needing more space (due to expecting a baby soon, or maybe an elderly parent needs to move in with them).

I was wondering if building an elderly housing complex was financially worth it.

Situation: Elderly couple facing foreclosure.

We had a guy in NC who would refi all of his elderly family members every year or 2 and max out the fees he could legally charge every time.

It comes down to what takes place.If the group is all family and friends and each decision is reviewed by each person then you are likely fine.If the other person is a stranger you met through Craigslist, they are an elderly lady with no RE knowledge and you are the one making the decisions for the deals that are funded you are in serious trouble.

Had to move here fast, to move elderly relatives in with us, which owner was aware of.

I actually heard of a guy who focuses almost exclusively on 1 bedroom homes and rents them out to the elderly (mostly) and does very well.