Updated over 13 years ago on . Most recent reply
old multi-family building or new?
We bought a 4-plex built in 1950, and there are SO MANY things we have to fix. It was a good price but we are new to this and it's really time consuming (electrical upgrade, new water-heaters, etc). According to Bryan Chavez (he wrote Buy it, rent it, profit! book), it's recommended to buy homes no older than 15 years old. Which advise do you guys go by?
thanks!!!