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Updated about 3 years ago on . Most recent reply

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Jason Fernandez
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Experience/concerns with an older 1950 building

Jason Fernandez
Posted

Hello everyone,

Looking to buy my first (intential) investment property. Looking to see if anyone know of any/experienced concerns with an older building. It's an 1950s duplex (1 bed/1 bath) selling for 80k, but going to ask for 65 + closing.

Anything I should look for/bring up before it's too late...all I know is to ask when the last time the roof was replaced.

Thanks in advance!

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Nick Rutkowski#2 General Landlording & Rental Properties Contributor
  • Rental Property Investor
  • Ithaca, NY
1,243
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Nick Rutkowski#2 General Landlording & Rental Properties Contributor
  • Rental Property Investor
  • Ithaca, NY
Replied

@Jason Fernandez

Get an inspection done. That way you’ll know what’s going on with the property. Plus you’re covered legally if sellers don’t properly disclose any major defects.

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