Mold in investment property

[Clemens Bromann]

Hey BP Community,

Im under contract for an investment property that has quite a bit of mold. Is it worth it to move forward and have it professionally cleaned or rather move on to find an other deal?

What is the chance that the tenant is taking legal action (in GA) if I don’t mitigate immediately? Note: tenant has a contract until mid of 2023

[Chris Seveney]

@Clemens Bromann

1. Have seller remediate it as part of contract

2. If not find the cost, multiply it by 3 and then reduce price by that much

3. See if tenant had renters insurance

4. Talk to attorney to see if renters insurance may cover relocation to do repairs