Taking caution buying an old property

[Nicole Gullotti]

Starting to look at some older properties (pre-1960s) in Columbus, Ohio and am looking for any advice on things to be cautious of/ questions to ask from more seasoned investors. Previously I had my buy box post-1964, trying to avoid knob and tube wiring and some other challenges with older homes but that is becoming a barrier to buying- thinking about expanding my buy-box, but still want to mitigate risk/ ask the right questions. Any advice would be appreciated.

[Remington Lyman]

I have a lot of older homes here in Columbus, Ohio. They are cheaper so make for better cash flow. You need to make sure you get a solid inspector. Look out for galvanized plumbing, older electrical that has been patched instead of replaced. Getting a sewer line scope is also important.