Flipping a Meth House

[Brandon Reed]

Hey BP!

What considerations are there when buying a potential flip property where there was previously meth cooked in it?

There were never any explosions, but are there any chemical or other things we need to make sure we look/check for when we do a walkthrough?

Anyone have experience or heard from others who have done it?

Thanks so much!

[John Corey]

A meth house is a toxic waste site. It needs people in protective clothing to enter it and remove all traces. This tends to mean a complete tear out down to the studs or worse. You can become ill just doing a site visit of the property.

So, the remediation is a known process. It will take time and it will be very expensive. The party with the problem is the current owner. Push the problem back on them. You will only buy if they are paying you enough to sink a chunk of your life and a lot of cash into the deal. If the current owner is a lender, they likely know how bad the situation is so push them hard for a great price. Or, just move on.