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Updated almost 6 years ago,

User Stats

103
Posts
72
Votes
Ki Lee
  • Rental Property Investor
  • Cypress, CA
72
Votes |
103
Posts

Yay or Nay for a former Meth house?

Ki Lee
  • Rental Property Investor
  • Cypress, CA
Posted

When considering a flip property, is a former meth lab an obvious red flag that should never even be considered?

If one were to do a total rehab, does it require any additional clean-up/services/inspection?  

It's my understanding that the subject property will have a public record of it once being a drug lab.  Will the buyers absolutely balk at this and thus lowering the sales price significantly??

What I'm trying to determine is if this is an issue that can be fixed and dealt with, or if this should be a total hands-off red flag? If it can be taken care of, what kinds of costs should I expect and what kind of price decreases should I expect when it goes on the market?

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