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Updated about 6 years ago on . Most recent reply

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Frank Faust
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Mold everywhere....run or great opportunity?

Frank Faust
Posted

Hi everyone, I'm looking to buy my 1st rental property around Pittsburgh. I found a potential great deal on a 2br 1 bath house in a great school district for 30k when comps in the area are selling for 60-100k. Problem is that this house has been vacant for some time, and due to lack of temperature control and stagnant air, there is mold everywhere. Every wooden surface in the house is covered with mold. There is wood paneling in the living room, and it looks like it was painted with mold.

Should I forget about this place and move on, or can the mold situation be fixed without costing a fortune. I also don't want to expose future tenants to mold issues

Also if anyone in the Pittsburgh, Beaver, or Butler area reads this and wants to connect, let me know.

Thank you!

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Fred Shatzoff
  • Lender
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Fred Shatzoff
  • Lender
Replied

@Frank Faust  Get a mold inspection and then decide what to do.

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