Age of apartment building

[Chase Gu]

Hi - Many of the multi-family properties I have been looking at were built in 50s or 60s. Rarely did I see newer properties built after 80s/90s. Do you only buy properties that were built after certain years? I am worried about the high maintenance cost of older building. 

Thanks a lot!

Chase

[Antoine Martel]

Chase. 

While the newer build properties are much better in terms of maintenance costs. There can still be some great properties that are built in the 1920's etc. 

Of course your analysis must have a much higher maintenance cost for these properties. 

I wouldn't pass on a great opportunity just because it was built in 60's.