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Updated over 6 years ago, 07/15/2018

Michael Tranzilli's profile image
Michael Tranzilli's profile image
Michael Tranzilli
  • from New York City, New York
  • Member since Dec 15, 2015
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User Stats

40
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7
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Michael Tranzilli's profile image
Michael Tranzilli's profile image
Michael Tranzilli
  • from New York City, New York
  • Member since Dec 15, 2015
Connect
Michael Tranzilli
  • New York City, NY
7
Votes |
40
Posts
Starting Out

Removing siding that contains asbestos.

Michael Tranzilli
  • New York City, NY
Posted

BP,

I'm looking to purchase a multi-family that's in foreclosure. My wife and I want to owner occupy. My strategy is to go with an FHA/203k loan because the property needs some work. This would be our first deal and our first renovation. The seller has disclosed that there is asbestos in the exterior siding of the property. Is there a way to remove it? Either the present owner or a previous owner covered it all up with vinyl siding. Is this a deal breaker?

Michael 

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