Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Rehabbing & House Flipping
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

44,034
Posts
65,047
Votes
Jay Hinrichs
#1 All Forums Contributor
  • Real Estate Consultant
  • Summerlin, NV
65,047
Votes |
44,034
Posts

ASBESTOS here we go UGH

Jay Hinrichs
#1 All Forums Contributor
  • Real Estate Consultant
  • Summerlin, NV
Posted

Not sure how your states are handling this but Oregon passed new laws in January and they are not kidding.

we got caught in the middle of the change and got a 16k fine plus had to pay 19k for remediation.

now this project can handle those extra costs.

We have another right now were the state actually sent inspectors and sure enough the siding has Asbestos' waiting to get the change order on that one.

again this project can handle any over run.

My thought though out in other states were you have lower value assets.. this Asbestos remediation can cost as much or more than the house.. and we are not talking lead  paint that's on top of it.

Any one seeing your state do the same thing..

flipper beware in Portlandia /  Oregon.

business profile image
JLH Capital Partners

Most Popular Reply

User Stats

7,658
Posts
4,303
Votes
Roy N.
  • Rental Property Investor
  • Fredericton, New Brunswick
4,303
Votes |
7,658
Posts
Roy N.
  • Rental Property Investor
  • Fredericton, New Brunswick
ModeratorReplied

@Jay Hinrichs

Despite being one of the world's largest (if not the largest) exporter of asbestos, most jurisdictions here will require removal - where there is {risk of} exposure {ie. conditioned spaces or exterior if there is a chance of the asbestos becoming friable} - or encapsulate where there is low to no risk.    Buyer's comfort and insurance companies may push for removal in all instances.

Fortunately, not all forms of asbestos abatement are equally difficult, dangerous, or expensive.  Removing asbestos/concrete siding/shingles falls into the easy and not expensive category and with a little preparation and 15-minutes of training, your average siding/roofing crew could strip and bag the side of a house.

  • Roy N.
  • Loading replies...

    1 2