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Updated about 2 years ago on . Most recent reply

Account Closed's profile image
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Account Closed
  • Member since Jul 16, 2018
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Account Closed's profile image
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Account Closed
  • Member since Jul 16, 2018
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Account Closed
2
Votes |
13
Posts
Buying & Selling Real Estate

What are your thoughts on buying a property built in the 1940s as a newbie investor?

Account Closed
Posted

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!

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Eric Goldman's profile image
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Eric Goldman
  • Lender
  • from Pennsylvania
  • Member since Nov 13, 2019
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Eric Goldman's profile image
Eric Goldman's profile image
Eric Goldman
  • Lender
  • from Pennsylvania
  • Member since Nov 13, 2019
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Eric Goldman
  • Lender
  • Pennsylvania
190
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356
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Eric Goldman
  • Lender
  • Pennsylvania
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bring a contractor with you or have it inspected! CYA. 

  • Eric Goldman
  • 484-574-4878
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