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42
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3
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Dominique Mitchell
  • Rental Property Investor
  • Hutchinson, MN
3
Votes |
42
Posts

Good deal or not- mold

Dominique Mitchell
  • Rental Property Investor
  • Hutchinson, MN
Posted

Could I get opinions on this property?

Sale price right now of 12k. Potential rent could be 600-750.

Haven't got an estimate on rehab yet. But is this deal worth it. ARV could be 80-90k

I has been abandoned for a few years mold through out. Almost definitely redoing everything. I will try to add a photo.

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3,976
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Pat L.
  • Rental Property Investor
  • Upstate, NY
3,362
Votes |
3,976
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Pat L.
  • Rental Property Investor
  • Upstate, NY
Replied

We looked at a few over the years & those we know who have jumped in, admitted they had to take out all the HVAC venting & then stripped some of it to the studs to get behind the drywall. I wouldn't even enter one without a respirator/mask (if you can find one).

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