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Updated almost 8 years ago,
Old houses, anyone had success?
Me and my partner have completed two flips in our farm area and are currently in between deals in the market we know and trust. Been looking at some surrounding towns which are small but have great deals on old houses. Found a couple of deals with market research and numbers to back them up but the flips we have done have been newer houses, both in the 1950-1970 range. Anyone have experience flipping older houses? Seeing a lot of plaster and odd joist placements on walk throughs, lack of insulation etc. What sort of problems have people run into with older houses? The deals we are looking at are both early 1880-1900s remodels that have been foreclosed on and need minimal cosmetic work.