Potential investment with serious mold problem.

[Marquis Byrd]

I ran across this property that has the potential to be a really good investment but the ENTIRE house has an extremely bad mold issue and it needs major repairs. The property is in foreclosure and ARV is $555,000. The bank wants from what I’m reading $437,000. Please give me your thoughts and what you think I should try to offer the bank. I plan on going the hard money lender route. This would be my first property.