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Updated about 7 years ago,

User Stats

9
Posts
1
Votes
Max H.
  • Investor
  • Philadelphia, PA
1
Votes |
9
Posts

Buy and Hold with Older Homes

Max H.
  • Investor
  • Philadelphia, PA
Posted

I live in the Philadelphia area where the housing stock is pretty old. A lot of the homes are 100+ years old now. I'm 28 and thinking of buying a triplex that was built in 1910, I would ideally hold this property for the next 15-20 years. My concern is by the time I am ready to sell that the home will be almost 130 years old and the market for a home that old will be slim. 

The house has updated plumbing, electric, roof, windows, and all that but does anyone see an issue with a buy and hold strategy on older homes? 

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