Buying an old home
Is it ok to buy a 100-year-old home as an investment property?
That depends on lots of things – you should consult with a real estate lawyer and an agent in your state to discuss your risks and the house.
Here is a guide to investing for the first time > https://fitsmallbusiness.com/real-estate-investing/.
Good luck with your efforts.
In addition to what Diana suggested, I’d add that it depends on the condition of the property, so if you do get an accepted offer on any property, new or old, make sure to have a thorough home inspection. Make sure the building is up to building code standards and consider things like lead paint, asbestos, etc. To your question, there is nothing wrong with buying a 100 year old investment property, but it will depend on the property’s condition, and also if this is an investment property, you want to do your due diligence to make sure the property generates positive cash flow.
Best of luck!
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