Starting Out
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 4 years ago,
House ages to stay away from?
Hello everyone,
I am a new real estate investor. I have $30k I would like to invest in multi family investments. I would like to purchase in Springfield, MO, since multi family is a lot more affordable and rents are much higher. How ever many multi family homes available are fairly old, 70 a 120 years old. I am wondering if there are certain building ages that I should stay away from? I have heard that in some time periods, certain building techniques were used that may need to be updated right away or that lead to greater issues with plumbing and electrical, can anyone give me any advice as to what to look for and what to stay away from?
If anyone has any other advice about multi family investing in Missouri, I would gladly welcome it!
Thanked
Mario