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Updated almost 3 years ago,
Should I Buy a 80-100 years old house for a long term rental?
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