However, without any experience, real estate still kind of felt like a phantom industry.The PurchaseIn the spring of 2020, my friend Matt Crawford proposed the idea of going in 50/50 on an old, Victorian style house.

It's a really solid Victorian Home in the Port Norfolk Historic District. 

Make sure your estimates are comparable--same material, repair to any wood under the existing roof if needed, removal of old roof, etc.Also, sometimes folks are cheaper because they are not licensed, insured and bonded.I am in TN and have paid from $6400 for a simple roof over a box type house of less than 2000 sq ft to $18,000 for a Victorian house.

It’s a historic 1887 Victorian two story house in downtown Denver that has really never been remodeled.

So I’m about to close on an old Victorian which has been split into 2, 2-Bedroom Units.

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Ridley Park.

Purchase price: $315,000

Cash invested: $30,000

This was a fantastic fully occupied quadplex in Ridley Park o...

One of the things I did to my old victorian house was to use a radiant infrared barrier in my attic. 

Built in 1800s by a silk magnate, a Victorian mansion with ridiculous facets, dormers, outcroppings and silly business requiring exorbitant improvements, maintenance and repairs.

It is a nice old Victorian that was converted to a triplex years ago.

I grew up in a house like that, and have a soft spot for Victorian homes.