Mold - Posted by Kevin - WA
Posted by Kevin - WA on April 23, 2007 at 01:32:01:
I have the potential of picking up a 2/1 in a senior park for $500. I think I can get it turned around for about $4,000, and then sell it for about $16,500 or so.
I know that senior parks can be dicey, but with the relatively small numbers (acquisition) and the fact that things sell in this particular park, I feel good about it. Plus I have had several seniors call on my current unit in a family park, so I am confident that if I can sell this for $1500 down I can do it quick.
Anyway, my question relates to mold. I am getting it cheap because it has mold in the ceiling and bathroom floor. The roof has been replaced, so it appears the water damage and mold are old rather than new.
So, I have 2 questions. First, is there a good way to kill this? Does Killz really work? Or clean with bleach? Also, this is a 1979 model. It has those white panels on the ceiling, held up with screws. Some of them are severely damaged, others are fine and can just be painted. Can one still buy these panels to replace the damaged ones? The few deals I have done have had sheetrock so I am in a new world. This will be my first “tin can.”
Thanks in advance,