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Updated almost 3 years ago on 12/16/2022. Most recent reply

12
Posts: 4
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Trey BagbyPoster

Investor
McPherson Ks

Buying & Selling Real Estate

How old is too old for a rental property?

Trey BagbyPoster

Investor
McPherson Ks

Posted December 13, 2022 13:39

My real estate agent just sent me a listing that has the potential to make a really good BRRRR, the only thing that concerns me is the house was built in 1920. Any advice or things to think about when buying a property this old? TIA!

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Luka Milicevic

Real Estate Agent
Nashville, TN

Luka Milicevic

Real Estate Agent
Nashville, TN

Replied December 13, 2022 14:08

Quote from @Trey Bagby:

My real estate agent just sent me a listing that has the potential to make a really good BRRRR, the only thing that concerns me is the house was built in 1920. Any advice or things to think about when buying a property this old? TIA!

No such thing as "too old". Everything can be fixed, it just depends on how much it's going to cost. I own a rental built in 1908.

Things to look out for are going to be basically everything lol. All the major systems need to be inspected. Plumbing, electrical, hvac, roof, etc.