Tacoma, WA · Member since 2015 · 141 posts · 29 votes
I have searched for properties and its the really old ones from the 1950s and older that appear to be high risk. I was think that since I have lived in homes from the 1970s and up, there would not be any risk of asbestos. As long as the roof was maintained not letting in some major water leaks or damage, what else could come up that can be a major issue. Also, what is considered a "safe" size to work from? I know two bedrooms are harder to sell then three bedrooms. Want to focus on small houses so the turn over time is minimal. I have yet to figure out how I can qualify for a property since most hard money lenders lend up to 80% of the value of the property.
Most rehab advice suggests sticking with houses built within the last 50 years. So that's pretty much the range you are talking about.
There isn't a safe size. You need to pick the price range, type of buyer/renter, and preferences for your region that work for you. It's not the type of house that matters as much as the deal. If you are buying a property that you understand at the right price, you'll make a lot more money than one you don't at the wrong price.