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Updated about 2 years ago on . Most recent reply
What are your thoughts on buying a property built in the 1940s as a newbie investor?
Hello BP Community! I am considering acquiring a 3/2 SFH in the Midwest to BRRRR and hold long term. The only issue is that it was built in the 1940s. I am interested in hearing your experience/opinion with homes this old. What should I look for or should I entirely stay away? I have noticed that the buy box of more experienced investors typically includes properties built in 1965 or newer so I wonder it there is a reason for it.
Thank you for your input!
Most Popular Reply
bring a contractor with you or have it inspected! CYA.
- Eric Goldman
- 484-574-4878
G2loans- Investor and Commercial Mortgages
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