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Updated over 6 years ago on . Most recent reply

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92
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52
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Jeff Bousquet
  • Rental Property Investor
  • Rhode Island
52
Votes |
92
Posts

Fuse and knob and tube wiring

Jeff Bousquet
  • Rental Property Investor
  • Rhode Island
Posted

I found a two family property that seems to cash flow well. Listed at 90k and gross rents are 1750. i am supposed to see the property this weekend, and while looking through the disclosures I noticed it listed fuse and knob and tube wiring, and asbestos siding. Is this often a hard pass? 

Most Popular Reply

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Dennis M.#5 General Landlording & Rental Properties Contributor
  • Rental Property Investor
  • Erie, pa
9,406
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6,023
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Dennis M.#5 General Landlording & Rental Properties Contributor
  • Rental Property Investor
  • Erie, pa
Replied

Insurance companies I’ve dealt with will not cover that house the way it is .Better figure that out before pulling the trigger

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