Buying a home with Asbestos,Mold, and Roofing Defects

[Sydnie E.]

Hello BP,

I am a new investor and looking at a property that currently has asbestos, mold, and roofing repairs that are needed. The home is located in an area that could sale for 400K-435K if renovated properly. The current asking price is 200K. Would it be too much work to have all of the repairs including upgrades to make the property more attractive to buyers? What is the average cost to remove asbestos? My thought is that having these issues could potentially lower the cost of the home. Does anyone have any insight on this topic? Is this a waste of time or could this be a potential deal? Please help!

Thank you

Sydnie E.