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Updated 3 months ago on . Most recent reply

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Mike Sfera
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filtering out older homes

Mike Sfera
Posted

do you guys prefer to only invest in newer homes  i.e. built after a certain year to reduce the possibility of having to do a lot of reno on wiring, plumbing, etc. or does it just depend on seeing the house and determining the condition that its in?

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Bill B.#3 1031 Exchanges Contributor
  • Investor
  • Las Vegas, NV
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Bill B.#3 1031 Exchanges Contributor
  • Investor
  • Las Vegas, NV
Replied

As @Kevin Sobilo said. It really depends on your market. I rarely look at “older” homes in Vegas. But here older means 20-25 years old. Mainly I’m trying to avoid “aged poorly design” glassblock walls, small bedrooms, older windows (wood/aluminum, single pane), aluminum patio covers, and to a lesser extent landscaping. (Lots of grass and pine trees.)

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