First Flip purchased at Sheriff Sale, Potential MOLD!!

[Nickey Ramsey]

Hi Biggerpockets! I need some advice on a first flip property purchase. Property was purchased on court house steps for $54,000. ARV: $109K-$115K. We knew that the property would need to be updated, due to age of home (1968 construction), but upon inspection of the property we found what is indicative of a suspected MOLD cover up!!! Oh NOOOOO! We spoke to the neighbors around the property and they told us that the roof was replaced in 2004. So it was only replaced once since it was constructed 40+ years ago. The previous owner was a Hoarder and I am sure probably had so much stuff piled up to the ceiling to where if their was any leak to be found, the damage would already be done....there was KILZ sprayed around numerous areas of the property (both bathrooms, kitchen underneath cabinets, in basement area underneath where kitchen is located. Uuggh... we didn't think going in anything closely related to MOLD...we do plan on getting a certified MOLD specialist inside the property. However, we are now we are concerned upon selling the property that buyers will be turned away due to the MOLD issues. Exit strategy would be to use as a rental or dump it. Anyone else have any issues with this type of situation?!

[Jay Hinrichs]

@Nickey Ramsey   Mold and foreclosures go together.. all most all vacant type homes will have some sort of mold.. its totally over blown.. you simply grab your sprayer and bleach and go at it.

I have never hired a MOLD specialist  waste of money in my mind... just kill the stuff and move on.