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Updated almost 8 years ago on . Most recent reply

User Stats

41
Posts
6
Votes
Gaston Barua
  • Investor
  • Palos Verdes Peninsula, CA
6
Votes |
41
Posts

Advice on dealing with asbestos

Gaston Barua
  • Investor
  • Palos Verdes Peninsula, CA
Posted

Hey BP!

I JUST made an offer on a duplex (which I am confident I will get as the seller is very motivated), and upon receiving the property disclosures noticed that the property has Asbestos components ( it was built in 1948). I am very excited about this property for the potential it has as there is a lot I can do with it to turn it into a money machine. 

The second reason I am so excited about this property is because it will be my first real buy and hold investment. That being said, I am looking for advice from more experienced investors on dealing with asbestos in a property. If left untouched, I understand asbestos is not a threat. However, I would like to make some upgrades to the property (i.e central Heating/cooling, laminate flooring, etc) 

Being that I am not currently aware of how extensive the asbestos is on the property should I look at this as a potential deal breaker? Or are there ways to work around it? How would I figure out how much asbestos is actually in the property?

Any and all advice is welcome and very appreciated!

Regards,

GB

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