What can be done with adult communities? - Posted by dannj

Posted by Rich-CA on August 09, 2007 at 22:36:10:

You’ll have to check the specific home owner’s association documents. Since these are handled on a case by case basis with the development of docs in each development being different, that would be the only source for the restrictions.

What can be done with adult communities? - Posted by dannj

Posted by dannj on August 09, 2007 at 09:57:36:

I’m in an area with a ton of adult communities. I have spoken to a few of the homeowners in there already. Some are willing to hold a healthy portion of their equity for a couple of years. If the numbers work I figure I can place a tenant/buyer in the home if they are at least 55. Other than that, what else can I do? I am not 55 so I am hoping that I can deed the home into an entity to get around the age limitation.

Any experiences out there??