Asbestos siding: Should I be frightened?
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