Need help avoiding the "Biggest Mistakes" list on BP

[Char Tovar]

I have a triplex under contract in Omaha, NE (an out of state deal) that seems to pencil out fairly well. Problem is I just found there was an error in the original information and the property was built in 1884 making it almost 140 years old. I don't own anything this aged and never thought I would, it is not consistent with my investing strategy but the numbers really would be pretty good (not great). Many people have told me that "this is not an issue if the property has been taken care of". I have to say I am really stressing out about it, especially when it is well known that inspections don't always uncover all of the issues in a property. Any words of wisdom (or warning) from the BP group on this? 

[Zeke Liston]

Originally posted by @Char Tovar:

I have a triplex under contract in Omaha, NE (an out of state deal) that seems to pencil out fairly well. Problem is I just found there was an error in the original information and the property was built in 1884 making it almost 140 years old. I don't own anything this aged and never thought I would, it is not consistent with my investing strategy but the numbers really would be pretty good (not great). Many people have told me that "this is not an issue if the property has been taken care of". I have to say I am really stressing out about it, especially when it is well known that inspections don't always uncover all of the issues in a property. Any words of wisdom (or warning) from the BP group on this? 

 Hi Char, most of my properties here in Columbus, OH are over 90-100 years old. I would agree that if the property has been well maintained, you're likely in good condition. Just make sure to do your due diligence and really study the report. Ask the seller if they have had/know of any issues. Best of luck!