1928 home in great location or 1970 home in decent location?

[Jack B.]

Looking at two houses, one in North Tacoma, WA, built in 1928. Another house is in East Tacoma, which is a less desirable area but the house in question is not in a specifically bad neighborhood, street or block. It is considerably newer as far as age goes, though the interiors are both nice, recently remodeled.

I'm tempted to go for the 1928, as I will likely cash out in 10 years or less and relocate to Florida with the money from it, as well as my other rentals.

[Alex Chin]

Just my opinion, but if you're going to cash out in less than 10 years, I would probably go with the great location. In your position, you want the sure thing rather than taking on additional risk with a less desirable spot.