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Rehabbing & House Flipping

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Mark Beekman
  • Investor
  • Phoenixville, PA
18
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257
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This condo is a S***hole -- Literally!

Mark Beekman
  • Investor
  • Phoenixville, PA
Posted Oct 8 2015, 18:35

I went to see an REO condo today and ALL of the carpets are wet, ALL of the walls have mold on them about two feet up from the floor, and there are sewer flies EVERYWHERE! And, yes, poop. Lots and lots of poop.

The condo was owned by a 63 year old woman who lived alone. She moved out and the house has been vacant for about a month. I can only assume that there was a sewer backup.

Leave it to me to see potential dollar signs in a poop-filled property, but I have a feeling the condition of this condo will weed out much of the competition.

My main question, though, is what kind of unforeseen damage can I expect? Is a month or less of sewage water enough to weaken structural lumber? I suppose a company like ServePro is the way to go for a cleanup like this. Anyone have any experience with them or any other advice on what I should take into consideration?

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