N.C.,

Another thing to consider is that the properties in the senior areas are less expensive than non-senior areas. If you find a particular community you are interested in Rancho Bernardo or San Diego County, I can run the comps on the current rental rates for you.

All the Best,

Marcie Sands, REALTOR
Senior Real Estate Specialist
Simply The Best Real Estate Company Inc.
(760) 644-1562

Hi,

As Marcie stated, this is the fastest growing segment in the market. We have had vast experience with the 55+ communities and would be happy to share the statistics with you. Feel free to e-mail us for details.

Mark and Kari Shea
San Diego Real Estate Professioanls
REO, Investment, Buying and Selling Real Estate

Investing in a Senior Neighborhood can be a good investment like all other real estate investments if you find a great location. Do you realize that the fastest growing segment of the real estate market is the 55+? Think of the baby boomer generation, they are now hitting this age bracket! In my area, Rancho Bernardo (San Diego) there are older homes, newer homes and completely remodeled homes. (Not the stereotypical 55+ community). The two senior communities, Oaks North and Seven Oaks have both detached and attached single family homes of all price ranges. Both communities are integrated into Rancho Bernardo, so they are not stand alone, isolated senior areas. For more detailed statistics on a particular senior community, in order to figure your return on investment, feel free to contact me or your agent.

N.c.,
Nick gave you a fine answer about just looking at a senior community. Consider this too, a restricted senior community is a limited community. While it can be desirable for some, others might find it restrictive and not choose to live there. Buying a nice single story home in a good community might be a better choice and give you more flexability in renters (military, seniors, college students, special needs, etc.). There will be a seminar on buying in San Diego on the 28th of January and you can find out about it at
http://www.sdcia.com/index.php?view=details&id=10%3Astra…

Hello N.c.,

It will be difficult to find something this granular to confirm my comments, but rentals for this segment are scarce and it shouldn't be difficult to find renters. My question for you is why are you focusing on senior housing? Appreciation and rental rates will suffer compared to housing with no restrictions. This will offset your lower acquisiton costs and you will probably end up with a lower ROI.

We specialize in working with real estate investors to help them find the best return for the dollar. We would like to help you.

Cheeers,

Nick Rhea, MBA, Broker
Bombora Investments, Inc
619-886-2004
nick@bomborainvestments.com