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Updated over 8 years ago on . Most recent reply
Buying a 86 year old home but has been recently updated
Hi guys,
I'm looking at a property in the new jersey area. It has good cash flow ($351 per mo) and is in a decent neighborhood (good middle /high schools).
The rent updates are
- (50 year) Roof -- assuming the roof should last 50 years?
- 4 yr old high efficiency a/c
However, the place is 93 years old. I read that houses typically live around 100 yr (+/-). financially it looks pretty solid with the cash flow but i'm scared to buy a house this old. Because of the house, walls and other parts breaking down. Am I over thinking this?
Thanks for your input!