Rehabbing Older Homes

[Brian Sylvester]

Hello BP Community - I am a new investor looking for fixer upper deals. I have found a few older homes built in the 70s while driving for dollars, and today just found something on the MLS built in 1936 that I may investigate. Is this too old, or worth exploring?

I am curious to know: how do you feel about older properties? Is there a general threshold you go off of for how old of a property you would consider? Any other insights/experiences about this would be greatly apppreciated. 

[Josh Caldwell]

Let me start off by telling you that I live in Pittsburgh PA, where we have houses built before the Civil War. The older houses have some added challenges, like knob and tube wiring and terracotta sewer lines, but the age of the house is irrelevant.  It is the the relationship between you all in cost (purchase, holding, and renovation) and the sale price that matters. Dont overlook the old houses, investigate them and see what the math tells you.