Are there any advantages in older Multi-Family Units?

[Patrick Noel]

I've found only disadvantages associated with acquiring older Multi-Family units....More Wear-and-tear, expensive capital expenditures regarding roof replacement, higher insurance, etc... I am curious to find out, if there are any actual advantages associated with purchasing older multi-family units (40+years) aside from maybe negotiating much lower prices?  

[George Hermann]

Hi Patrick,

Maybe you could think of property in a slightly different way. Old and new are not significant. What is significant is what your goals are and what properties (factoring in all the costs you are concerned about) bring you the closest to your goal. Keep your eye on the goal.