I encountered a multifamily apartment deal which was built in 1954. But it is in a good location. Is it ok to buy that aged property? Are the expenses to maintain that property will be too high? Please provide your opinion.
How well have prior owners maintained the property? A 60-year-old property can be in better shape than a 30-year-old property if it has been properly maintained throughout its lifetime. A good inspector can help you.