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Updated over 7 years ago on . Most recent reply
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Meth Lab exposure which has been remediated
Hello All,
I was chatting online with a real estate agent today, and I asked him to look into a property that, to me, looked "too good to be true."
He looked at the seller disclosure which stated the property had been exposed to - his words - "Meth Lab exposure which has been remediated".
Has any one else dealt with something like this? The deal is still just a little out of the price range I was considering - I was just kind of asking out of curiosity.
But it got me thinking, because it's been on the market for 6 months, and the numbers make it a good deal. Is this something I could actually use to my advantage because others are frightened?
It just has me kind of reeling too though, because it's in an area I otherwise know to be a decent area. I'm investing out of state (back in my home state area) - so I'm going on the little I remember of the area from 10+ years ago, as well as some info from friend and fellow investors. I've had several people tell me it's an ok area though. I guess no mater what real estate is full of quirky surprises
Anyway - has anyone else bought a property like this? How did that work out?