Skip to content
Buying & Selling Real Estate

User Stats

69
Posts
14
Votes
Brian Knox
  • Mauldin, SC
14
Votes |
69
Posts

Asbestos siding: Should I be frightened?

Brian Knox
  • Mauldin, SC
Posted Sep 2 2015, 17:25

Asbestos siding on the exterior: deal breaker or not?

The property I was headed to look at and hopefully make an offer on has asbestos shingles. I'm a little sad because everything else on the property seems in-line (crawlspace, HVAC, roof, etc). In fact, it was one of those deals that makes you go "wait, this seems a little too good." Nevertheless, I've looked at about 55 properties prior to this one so I am also thinking I may have just finally found the right deal (after sifting through enough non-deals).

I'd be keeping the property as a buy-and-hold rental for as long as I can. I'm more after slow growing cash flow than an immediate profit.

I'm presently researching all I can on asbestos but wanted to ask:

  • Have you had a property that had asbestos?
  • When it came time to replace the exterior siding, was the abatement cost for the asbestos enough to make the deal a bad one?
  • What other things might I need to know about asbestos siding before making an offer?

I really appreciate your feedback!

Brian

Loading replies...