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Updated about 4 years ago on . Most recent reply

User Stats

14
Posts
8
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Lakshman K.
  • Investor
  • Tampa, FL
8
Votes |
14
Posts

Investing in old multifamily a good idea?

Lakshman K.
  • Investor
  • Tampa, FL
Posted

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.

Most Popular Reply

User Stats

14
Posts
8
Votes
Lakshman K.
  • Investor
  • Tampa, FL
8
Votes |
14
Posts
Lakshman K.
  • Investor
  • Tampa, FL
Replied

@AJ Leman It actually helps! Basically, you mean it's worth the capex if you get a good deal and the numbers look good but be prepared for repairs. Thank you!

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