We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

The MSE Forum Team would like to wish you all a Merry Christmas. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!

Care Home Investment

newlandlord555 · 2020-08-17 16:26:23

Is this a good idea ? Or scam ? This is a 45 bed care home facility which was stylishly refurbished in 2018 and brought into full occupancy in 2019. Investment Summary This is a resale property purchase from the existing owner * * Care home room within an operating care home with proven income * Purchase Price: £70,000 *…

Comments

AnotherJoe Posts: 19,622 Forumite

17 August 2020 at 7:38PM

dunstonh said:

If the money is so good, why does the developer/care home need to sell you rooms?
Loads of threads on these and in the public domain. Many end badly or are on route to heading that way.

This. At best they are shifting risk to you. And there's a reason for that. And it's not because there's no risk !
At worst it's somewhere between a badly run business that will go bust and might as well be a scam because the owners can see the writing in the wall. and a scam.

1