Help! Will asbestos in a rental KILL my ROI?

[Jess White]

I found a great deal on a 1930’s era house, remodeled, and it sits on a 1.00 acre lot that I could build two additional rentals on. HOWEVER, there is asbestos in the home, as most homes of this time have asbestos somewhere.

What’s the risk? It’s something I’ve never dealt with, as we typically just do new construction deals.

This is in Texas, there’s no current leaks, and it’s not testing positive for asbestos. It’s just in the insulation and a couple other areas.

HELP!

[Russell Brazil]

Asbestos isnt really a big deal in my market. We typically see it in floor tile. When we refinish the basement, we just lay a new floor over the old asbestos tiles and dont disturb it.  We have some houses that have it as siding, and thats no big deal either.