Posted by SBP on January 24, 2000 at 07:58:06:
I’ve become very wary of ASBESTOS…
I know of an investor who bid on a property at an auction. In his attempt to upgrade the property, he discovered he was going to have to pay probably three times his purchase price in handling and disposing of the asbestos! It was only through countless letters from his attorney, and lawsuit threats, that he was able to back out of the purchase.
ASBESTOS is VERY ticklish stuff… If your teardown property shows any sign of asbestos (following an inspection from a qualified contractor), I’d run as far away from the place as possible!