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Dave Bolduc
  • Investor
  • North Haven, CT
13
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30
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Asbestos found in basement of duplex under contract

Dave Bolduc
  • Investor
  • North Haven, CT
Posted
Good morning, The duplex is an estate so no disclosure was required in CT but my inspection found asbestos pipe insulation in the basement. Since I plan to rent this previously owner occupied duplex, I want the seller to remove the asbestos. They countered with giving me a credit for $2,500 at closing. They then want me to remove the asbestos my self and pick up the balance of the cost. They got 1 quote that totaled $3,500 for the job. They also have various home improvements (replacement windows, repairs to rotted truss in roof, bracing, new decking and shingles in the area among other things) that have no permits. I asked that they resolve the permits. Their response was its not a big deal and no one will ask any way. I have the place under contract for $270k and estimate rent roll to be $3500 per month. Thoughts / suggestions appreciated. Thanks Dave

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