All Forum Posts by: Rajpuneet Singh Sandhu

Thanks everyone! This has been very insightful. After reading all of the comments, I feel that I should stay away from something that old. It's not because of asbestos but something that I realised with this discussion that I am new to this and would want to avoid anything that would require a lot of maintenance.

I live in the Greater Detroit area of Michigan and from my quick analysis so far just using the 50% rule I have found out that only the properties (single family homes) which are from the 1940s and 50s located in B, B+ neighbourhoods which have the blue collar population are priced such that I can get a positive cashflow and if I look at something even as much as 30 years old, it's either a negative cashflow or very CoC return of just 4-5%. So, my concern is properties built until 1970s 80s used asbestos for insulation and siding and it's very likely that most of the properties I am looking at would have it. Now, I searched through the forums and people are saying is asbestos removal is very expensive and if you don't touch it, it won't bother you but what I think is, if something was built 80-90 years ago and if not today then 5-7 years from now it could have problems with all this asbestos stuff, what then? I wanted to hear everybody's thoughts about this.

Hey guys! I have been listening to the BiggerPockets podcast for a few months now and even signed up for an account on here but haven't been active. I thought about changing that today. I am from the infamous Greater Detroit Area, recent graduate, Software Engineer and a total newbie in the real estate world, looking forward to learning from everybody and meeting people (especially from my area).