Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago on . Most recent reply

User Stats

30
Posts
12
Votes
Robert Posta
  • Rental Property Investor
  • Roselle, IL
12
Votes |
30
Posts

1890 home, maintenance questions and 2 unit question. Indiana

Robert Posta
  • Rental Property Investor
  • Roselle, IL
Posted

Hello all, I may have found my first unit to purchase.   It is located in the Midwest.
My question goes out to others that have purchased older homes along with experienced 2 unit landlords.

First off, the home is older and cosmetically in great condition inside and out . It was built in 1890.

The home has a cinder block basement and siding for the exterior.
What things should I look for that may be hidden.  I know pipes are a big issue. 
The home is on city sewer/water. It might be worth a plumber to send a camera down the main sewer to check the condition. 
I would love any tips from others on what to look for.

The home has separate meter for gas and electric. It has 2 units.
The current owner did not use it as a rental and uses the whole home (both units ).

What is the best way to go about making sure these are legal 2 units?
The numbers look great so far and my only worry is this may be a money pit due to the age. 
I am going off of pictures now and I am working on a showing next week. 

I am really interested and it may go fast. If I like what I see I am guessing I should put an offer In with contingencies?

Thanks so much for any help and assistance. 

Loading replies...