Is it impossible to overcome a minor mold issue?
Hi, BP family. Quick question..
We found a property being sold as is for 25k.
However there’s a mold issue (not severe). Work needed is 8k.
ARV is 63k.
I believe I can leverage the fact that there’s mold to lower the asking price significantly. Is this a legit tactic experienced investors use? If i can negotiate the price down to 15-20k it would be a win.
Does any have insight or success stories they can share about overcoming similar mold issues?