I am a young investor looking to spend 800k to 1 million on an elderly care facility because I hear they generate a nice cash flow. Any suggestions on what the ups and downs are if any?
2007-06-04 06:19:58 · 3 answers · asked by carlsbadomar 1 in Business & Finance ➔ Investing
This isn't just an investment--you will be an owner or part owner of a business. You should be prepared to get involved in hiring people, making business decisions, and spending lots of time with the finances. If you don't do it right, your cash flow will be in the wrong direction. Your chances of success are best if you have previous business ownership experience, and are familiar with the particular type of business and the local market. Even so, you're taking a huge risk; you shouldn't do this unless you can afford to lose your entire investment.
If this doesn't sound like you, I recommend investing in broad-based index funds with low expense ratios. You will get guaranteed market returns and they won't consume your time and energy.
2007-06-04 08:49:34 · answer #1 · answered by rainfingers 4 · 0⤊ 0⤋
Depending on what you want to invest in-it can bring you quite a return. However, you are not just investing in a building, you are investing in the care people there receive and that comes with a lot of regulations and responsibility. If you are just in it for the money you may want to rethink.
2007-06-04 06:24:46 · answer #2 · answered by petra 5 · 0⤊ 0⤋
Hi,
If your serious about investing shoot me an email I may have something you may be interested in. Thanks, David.
davidwarrenmetz@yahoo.com
2007-06-05 17:40:46 · answer #3 · answered by David M 2 · 0⤊ 0⤋