Trenton investment- Mill Hill section

[Marek Los]

Hey everyone,

I've been a follower of Bigger pockets for years now...but this is my first time actually posting so please bear with me!  I recently started working right outside of Trenton and so rather than go the renting route, I decided to take my chances and jump into becoming a landlord.  I found a property in the Mill Hill section of town which seems to be one of the better parts of Trenton.  This unit is legally a 3 unit house, but it was built pre 1900's and does appear to require a good amount of maintenance work.  I was wondering what your thoughts were here on buying houses that are this old...the asking price of the house is around 185k or so...and so the numbers do add up quite nicely but I feel like the age of the house should be a major concern.  Anyone else on here invested in the area or have any thoughts!

[Robert Webb]

Hey!

Havent invested in Trentom specifically but I have worked with older homes here (as a Realtor) I'm actually selling an older home in New Brubsiwck right now.

I wouldnt be nervious just because it is an older home. But I would definitely get a structural engineer in there during inspection period, as that would be the largest issue. I would also have an electrician look for knob and tube and have someone look for asbestos. Those 3 things are likely to be the most expensive and hardest to fix things. 

Other than that older homes are old, and thus might need a little extra TLC. I wouldnt hesitate due to age just make sure you do your due diligence 

Hope this helps, best of luck!

Robert Webb