First time property - 1970+ ?

[Adam Kuszczak]

Hi,

wanted to get some opinions if you would consider a good assumption to have and look for properties that are 1970+. Especially if I am OOS and trying to pick a market to invest in. When you add to that max $200k it limits some areas nicely. But now I am worried that it limits too much. My thinking is that with so many markets, I can find decent one with newer properties and not deal with older homes problems.

Thanks

[Marc Rice]

Age doesn't matter as much as good bones and a solid structure. Most homes in Ohio were built in the early 1900s but those are the bread and butter rentals here. When you're looking at homes built in 1970+ you're mostly going to be restricted to newer neighborhoods which are most likely suburban sprawls that are B class or better which is harder to cash flow. I don't think age of the home is as important as you think. I've seen homes built in 1980 with bowing walls and homes built in 1920 that look solid still.