Mold

[Tom Sutherland]

I been looking at a lot of property. Every vacant bank owned house I have looked at has some mold. With no heat or AC running it's very warm and moist inside these houses. This can't be a new thing and I'm sure all experienced investors have run across it.

 What has been the normal average obstacles people came across to fix the mold?

Did you have to gut the entire house? Or just treat the areas on the drywall?

What was the average cost?

Any replies are appreciated.

Tom

[Ryan Craig]

@Tom Sutherland The good thing about mold is it will turn off much of your potential competition. Mold treatment can be $1000 or tens of thousands and treatment can be anything from just the drywall or a complete gut. 

My best advice is to make offers contingent upon inspection and have a mold remediation expert come out and do a thorough inspection. Build a relationship with a good company and offer them future business for fair pricing and maybe free estimates. That strategy works best if you find a local company and not a national one.