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Updated over 8 years ago,

Eric V.'s profile image
Eric V.'s profile image
Eric V.
  • from Middletown, New Jersey
  • Member since Feb 10, 2016
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17
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7
Votes
Eric V.'s profile image
Eric V.'s profile image
Eric V.
  • from Middletown, New Jersey
  • Member since Feb 10, 2016
Connect
Eric V.
  • Middletown, NJ
7
Votes |
17
Posts
General Landlording & Rental Properties

Mold issue

Eric V.
  • Middletown, NJ
Posted
I am looking to close on a two family home. The only outstanding issue is a mold problem It looks like remediation is about $7,000. Cash flow will be about $420 a month. Looking to hold the property as an investment. Should I look to roll the remediation into a 203k loan or just pay for it outright? My current rate is 4.675 but 203k will move the rate up to about 5.375. Thanks!!
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