Investing in old multifamily a good idea?
I'm lookimg for a multifamily rental property and could only find old houses that fit the numbers when it comes to cashflow. Now, when I say old, these are very old. Construction years between 1920 and 1955. Are they really worth it? Should I expect a lot of unseen maintenance expenditure on these? Should entirely drop this idea or is it worth pursuing these? New investor and can use some direction! Thank you.
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Unless you are asking for a FT chore, I will not touch them with a 10 ft totem pole. Tenants expect inside to have new features and will take long time to fill unless you are looking for low income tenants.