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All Forum Posts by: Account Closed

Account Closed has started 1 posts and replied 1 times.

Buying & Selling Real Estate

Post: Age of house - how much does it matter

Account ClosedPosted
  • Buffalo, NY
  • Posts 3
  • Votes 2

Hi everyone,

I am just starting out in real estate investing (mostly multifamily buy and hold), and I'm wondering what everyone's opinion is on the age of houses you buy. More specifically, most of the multifamily houses around my price range (65k in Buffalo NY) were built in 1900-1940.

Do you stay away from older houses (I'm not even sure if that's considered old)? If so, why?

Or should I not let it bother me so much as long as the inspection goes well?

Are there specific things you look for in older houses?

My goal is long term buy and hold, so I'd like to keep houses for the next 50+ years, which is what brought up my concern. Thanks for any input!

0 Votes