[Craig Vernon]

I expected back and forth conversation on this post. So thankful it did not turn into a north vs south discussion. Thanks for all who took the time to comment. Have a Great day. Feel Blessed for all you have and if you live in the Villages especially so, in my opinion.

[tibbetts]

Don't forget the Bond on new homes and even some resells still have some bond payments to go. On the newer homes the bond could be very substantial. But if it works, great.

[CoachKandSportsguy]

Originally Posted by Craig Vernon

They continued by saying they have been doing this process for eight years and made money on all their transactions and "many" others do the same thing. Hmmm?

They didn't say how much money they made on each transactions.. I am sure that some were immensely profitable, and others squeaked out.

However, if they bought one of the first houses in a brand new development, and then sold it in 18 / 24 months when most of the houses have been built, I am sure that their houses became a rare last property in an established development. this would appeal to the most risk averse, least visionary people who wouldn't buy when all you see is dirt and electrical meters on boards sticking out of the ground

That's how they made money is my intuitive guess. .

slumlord guy

[melpetezrinski]

Originally Posted by Escape Artist

How old do you have to be to buy a home in the Villages? A neighbor of mine back in my former city of residence just bought one for investment/rental purposes and he’s in his early 40’s. Isn’t being over 55 a requirement? They never asked me when I bought (maybe it was obvious 😳 ) or perhaps during preliminary paperwork it was revealed but do you have to be 55+ to buy a home in TV or only to live here?

According to federal law that governs all age-restricted communities, at least 80 percent of the occupied units must have at least one resident who is 55 years of age or older.