I happened to have done my first on in a neighborhood of Victorians.

As for the paint job the building is 4800 square feet, three stories and is a Victorian house.

We have lots of aged building stock here - Victorian or older - that can often be found at relatively descent prices due to the fact they are energy pigs.While it is true that a kitchen or bathroom installed today will be a 20yr old kitchen or bath when it comes time to sell, adding insulation, improved electrical, plumbing, ventilation ... all those "under the hood" type of renovations will bring comfort and health benefits to your tenants and operational benefits to your bottom line.

Some people are getting insurance bills 10K more than the previous year.A buddy of mine bought an old Victorian with a bunch of bedrooms in a tourist area.

Hi,We are in the process of looking for our first deal in the CT area, and I came across this property on craigs list:asking price: $229,000 7 unit victorian built in 1880, in broad bank, CT (small town near hartford)some seller finance: 60,000 @6% 15 or 20 years (which would be great since we do not have a lot of capital to start with)Gross rents: 59,700Here is where this does not appear to be a good deal:electric: $6,390oil:11,167.31water: 1,825trash: 2,562snow 510sewer 2940taxes 6497insurance 4000and i would also add in property management: $450and repairs: $450the tenants are month to month and rents are somewhat below marketand there is laundry in basement for extra income.So basically the owner pays ALL utilities on this property.Question is though, how difficult would it be to change the electricity and oil to separate meters and how difficult would it be to start passing that on to the tennants?

I've done Victorian and Craftsman homes.To be honest, I have no access to capital here.

I recently purchased a 12br Victorian mansion in Binghamton, NY, and rehabbing it with my father -- turning it into high-end student rentals.

Coeur d'Alene is more hip and artsy with many small turn of the century victorians and craftsman style homes.

Other properties on the street are old Victorian homes selling for $120k.

If you're a new investor with limited funds, you're best bet is to find the lower price point counties in the DC area and focus there- Prince George's County, Waldorf, Anne Arundel, Montgomery (certain areas), Baltimore, etc (really most of Southern MD is pretty decent)Trying to go into the District itself as a new investor can certainly be done, but a) prices are going to be higher than surrounding areas so for the same amount of money to spend you're going to do less houses, and b) it's harder to comp properties- DC property values can often vary block by block, proximity to metro station matters, finishes matter, whether or not they've 'dug out' the basement to increase ceiling height matters, the exterior style of property- federal, victorian, etc matters.