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Updated about 3 years ago on . Most recent reply

User Stats

83
Posts
35
Votes
Lior Golan
  • Investor
  • Tel Aviv, Israel
35
Votes |
83
Posts

Should I Buy a 80-100 years old house for a long term rental?

Lior Golan
  • Investor
  • Tel Aviv, Israel
Posted

Hey,

I am deliberating on buying a rental property, either a single-family home or either a multi-family, both can an 80-100 years old. I will remodel, of course, especially the main staff that always break like carpet to LVP, new water heater, maybe new roof, new plumbing electrical and HVAC all around, etc.

But the problem is that I afraid of any long term issues with the structure.

Anyone who owns those old properties can give me any advice on how to mitigate feature problems with these?

I am leaning towards buying properties newer than 1950 right now rather than older than 1940... 

Thank you

Most Popular Reply

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28,105
Posts
41,116
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,116
Votes |
28,105
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied

I agree with Bob. Things were of a higher quality back then. If it's structurally sound after 100+ years, you just have to worry about keeping them updated.

  • Nathan Gesner
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