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Updated about 7 years ago on . Most recent reply

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12
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Rex Harris
  • Brooklyn, NY
7
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12
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Asbestos Sidings! Should I buy it?

Rex Harris
  • Brooklyn, NY
Posted
I found a 3 unit home, but the seller said it has asbestos sidings. As a new investor, what are my risk?, or should I simply stay away from this?

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1,946
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Daria B.
  • Rental Property Investor
  • Gainesville, FL
429
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1,946
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Daria B.
  • Rental Property Investor
  • Gainesville, FL
Replied
Originally posted by @Rex Harris:
I found a 3 unit home, but the seller said it has asbestos sidings. As a new investor, what are my risk?, or should I simply stay away from this?

You can get a quote to find out how much for remove and replace with updated siding. As long as asbestos isn’t disturbed it should not cause harm or be an issue - from what I’m told by the experts but it’s also a case by case and the current condition. You can also use that as a negotiating tool for a low price. A 3 unit -  that sq ft is a lot to replace - get a company to give an estimate of replacing - they should be free estimates. They are in my area.   

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