Buying a older apartment building

[Nicolas Ake]

Would you even consider buying a apartment building built in the 1920s? If the inspection isn't too bad and the deal made sense would you go through with it? 

The building is almost 100 years old!

Thank you

[Brent Shryock]

Agree with @Jake S..  I would also note that I have seen the actual operating expenses (non broker numbers. LOL) on a lot of older properties and be mindful about not under estimating the costs to run an older unit.  Expenses on older properties definitely are higher than newer properties and you will find yourself putting a lot more annual capex into older properties.  Just don't be "skinny" on your proforma as it relates to expenses to make the deal work on paper.