Practicality of Flipping Old Properties

[Ofer Eyal]

Hi BP people,

For those of you who are flipping properties built prior to 1978, I'd appreciate if you can talk about dealing with things like lead-based paint, asbestos etc., nowadays (when market is crazy and you need to give an offer.

1. Do you inspect for lead/asbestos before deciding to give an offer?

2. If lead/asbestos is found - would you even consider rehab depending on the cost or stay away?

Any other experience-based-perspective are welcome.

Thanks,

Ofer