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 over 8 years ago on . Most recent reply
Buying a 86 year old home but has been recently updated
Hi guys,
I'm looking at a property in the new jersey area. It has good cash flow ($351 per mo) and is in a decent neighborhood (good middle /high schools).
The rent updates are
- (50 year) Roof -- assuming the roof should last 50 years?
- 4 yr old high efficiency a/c
However, the place is 93 years old. I read that houses typically live around 100 yr (+/-). financially it looks pretty solid with the cash flow but i'm scared to buy a house this old. Because of the house, walls and other parts breaking down. Am I over thinking this?
Thanks for your input!