1960 Home to 2020 Home

[Nathaniel Gotshall]

At the beginning of the summer in 2019, my wife and I purchased our first property and we have been using it as a live-in flip. We are winding down the the remodel of the house this winter. It is located in Michigan City, Indiana just a couple blocks away from Lake Michigan.

But as we were going through the rehab of the house, we have ran into a couple of bigger expenses that we didn’t plan on from the beginning. Luckily we were pretty conservative when analyzing the cost of the rehab so it didn’t hurt us.

I am looking to invest in 2 more houses very similar to the one we purchased last year. Are there certain things with older houses that need checked more than newer homes that most folks miss? I will definitely take what I’ve learned on this property and apply it on my future investments.