Rehabbing & House Flipping
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago,
Asbestos popcorn ceilings?
Hello,
new to flipping but not new to real estate investing or construction. I am looking at 1200 square foot 1959 home with popcorn ceilings. The living room popcorn is peeling off so needs to be removed so while I am at it, going to do the whole thing.
First question. I know it is fairly likely there is asbestos. I heard there are kits at Depot. Are they reliable to test?
Second. If there is asbestos, how much $ would I be looking at? I went to Home Advisor and got a guy that said $4,000 and that the drywall and insulation may need to be removed.
Third question. Part of the siding at the rear of the home may need to be replaced. It is not wood so wondering if that could be asbestos as well. Thoughts on that?
This deal I am looking at is promising but if there are THOUSANDS of dollars due to asbestos issues, I may need to re-think.
Thanks for help!
Sean