older homes or triplex for the long rental game

[Matt Rose]

Any thoughts on owning older homes or triplexes that are early 1900's? The goal would be to buy and rent out with the intention of having cash flowing properties once they are fully paid down.

Is this not a good plan since they will be so much older by the time they are paid off?

Any bids for buying newer or the older homes?

[Evan Polaski]

@Matt Rose, the newest property I own was built in 1954.  Granted I have lived in very old houses since I was 10 yrs old, so have no issues with them.  As @Greg Dickerson the overall condition is what matters.  My personal take is: these houses have been there for 100 years already, there is a good chance they will continue to be there for another 100+.

I also think there are some changes to modern building practices that make some modern homes less structurally sound than most older, i.e. 24 OC framing just always seems like it won't stand the test of time like 16 OC has.  But this is purely conceptual and I have not done research on the topic.