Hello, my friends, and welcome to another episode of Ask Marco here on the Passive Real Estate Investing Show. Well, I grabbed another great question today from those of you submitting questions in for my Ask Marco episodes before I jump into this question, which is great. Remember to subscribe to the show. Many of you are listening to the show but haven't subscribed. I'm not sure the percentage of that, but the statistics or the analytics for the show, show that a lot of people listen to the show and never click that subscribe link or button. So remember to do that that way you never miss an episode. And I'm gonna be cranking up more of these 12 to 15 minute episodes because I think they're easy to understand and quick and easy to digest. So it just makes a whole lot of sense. But of course, I'm still gonna have guests on the show. And when I do that, those interviews will run probably 30 to 40 minutes because there's just more content and more to talk about with my guests.

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So, today's question comes from Blake and Blake is from North Carolina. He asks a question about investing in older construction homes, you know, what recommendations and tips I have, but he has some pretty good and specific questions. So I'm just gonna read his email to me and maybe I'll break it down into two or three parts because he is got it kind of chunked into different sections. But he basically says, hi Marco. I'm searching for my first investment property and looking into specifically the Indianapolis and Kansas City markets. I noticed that many of the properties in these markets are older construction, some having been built as far back as 1910. The numbers on many of these properties look good, but I cannot help to wonder if they will make good long-term investments.

This may simply reflect my ignorance regarding housing construction, but I worry about several things with these investments. And then he lists four things specifically here. Structural integrity of the house, longevity of the plumbing septic system and electrical wiring, potential unrecognized issues with the foundation of the house and lawsuits related to unaddressed lead paint with homes that were built prior to 1978. These are all legitimate concerns and these are good questions. And it doesn't just apply to Indianapolis or Kansas City. These actually apply to most every single market, depending on location and or age, because different homes were built with different materials over the different years, and there are different things to consider. And for me, having invested in many different states from as far north as Michigan to as far as south as Florida, I can see the differences in terms of materials used, the type of construction, the foundations that are used.

Some properties don't have basements, others have basements. And you know, that could lead to foundation issues like cracked foundations. And I've had several of those over the years in the Midwest and the North. So let me address these and then he's got some related questions that go above and beyond that. So first of all, let's just kind of go down a list of tips, if you will. So when you're purchasing or looking to purchase and invest in properties, regardless of the location, these are many things that you should consider because investing in residential property can be very lucrative and, and it can be a great wealth preserver and a wealth creator. But every single property comes with its own set of challenges and opportunities. So there are things you need to consider when investing in new homes, but more specifically older construction properties because they're gonna have potential issues and sometimes they're not apparent or they're just hidden.

So the first thing you want to do always as part of your due diligenc...