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Updated almost 6 years ago,
Old house over 110 years. Is it an issue?
Hi BP family,
I am looking at these old houses converted into Multiplex build over 100 years ago in Cleveland area. They have been rehabbed and renovated, and you know what, they looked pretty nice and not cheap either.
I am pretty green in rental property investment and wondering is it ok to invest in these sort of old buildings and would I be able to hold them for long term cash flow purpose? If I was doing an inspection, with the 40 pages of papers, how could I tell if the property had good BONE? Worth it or not?
Btw, anyone got referral for a investor friendly realtor in Cleveland downtown area or say inner area?
Pretty basic preliminary questions and hope to get educated! And thanks in advance for all of you!
Clarence