Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 11 years ago,
Age of house - how much does it matter
Hi everyone,
I am just starting out in real estate investing (mostly multifamily buy and hold), and I'm wondering what everyone's opinion is on the age of houses you buy. More specifically, most of the multifamily houses around my price range (65k in Buffalo NY) were built in 1900-1940.
Do you stay away from older houses (I'm not even sure if that's considered old)? If so, why?
Or should I not let it bother me so much as long as the inspection goes well?
Are there specific things you look for in older houses?
My goal is long term buy and hold, so I'd like to keep houses for the next 50+ years, which is what brought up my concern. Thanks for any input!