Updated almost 9 years ago on . Most recent reply
Advice RE: Asbestos, mold, lead
I seemed to have hit the trifecta! I am in the process of putting an offer on a condo and the disclosure indicates lead paint (not too concerned about), mold from prior leak, and some asbestos. The mold and asbestos were mitigated by the HOA. We are in the process of obtaining more detailed information on the extent and mitigation so I don't currently have any specifics.
I am purchasing as my first rental with the intent of eventually remodel and sell. The remodel should be relatively easy but that is where my concern about disturbing the asbestos comes in. The margin on purchase may not be there to justify high costs of mitigation.
I need to decide whether to proceed or move on. Any thoughts/advice/suggestions appreciated. Thanks!