Meth House

[Jeff McNutt]

Looking for some advice... I found a house that looks like a good deal on paper. I learned through the disclosures online that there was an active meth lab in the house. Work was done to take care of that issue (about $3500). It was retested and cleared. Has anyone delt with this? Should I immediately walk away or can this work with the right numbers? I know I have to disclose this. Would it make more sense to be a rental? Not sure if renters would care less about the issue, which again was fixed. Here are my early estimates. ARV-$135,000 not taking the meth issue into consideration About 40k to rehab Any thoughts on what a good purchase price would be.

[Mindy Jensen]

@Jeff McNutt, $3,500 will absolutely NOT remediate the meth contamination in an active meth lab home. Consider this home to still be contaminated. Even if you missed a zero, and it cost $35,000, that seems low. I'm concerned that it was retested and cleared. An active lab would require the furnace/ac to be replaced, all drywall, possibly even the ductwork. And that is after the studs have been treated. 

Unless you can get a screaming, smoking deal on this house, it's probably not worth it.