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Moldy Homes are a Great Investment

All you have to do is watch the news and So if someone hesitates at paying these
you know about mold problems. We hear unreasonable prices, they become a
about Ed McMahan suing because his moldy motivated seller.
home killed his pet dog. We also hear Opportunities are made from these
about Erin Brockovich and Sandra problems.
Bullock's problems with their brand new Want to find these houses? Go to your
moldy home. bank's home loan office. Advertise in
* Mold has been traced to people dying in your paper. They are everywhere.
moldy homes. Of course, you don't want to buy just
* Mold has been proven to be the leading every house. You just want sick houses,
cause of sinus infections not dead houses.
* (Mayo Clinic 1997) * Go into the crawlspace and stick a
* Mold will destroy the wood in a house. screwdriver into the floor joists. Are
* Mold loves to grow on wallpaper and they rotted?
drywall. * Look at the dry wall is it just green
* We have actually seen it grow on glass. or is it falling apart?
People have had to move out of these * Is the roof sturdy? Can you see light
houses. Sometimes even letting the bank coming through holes in the roof?
take back the house because repair costs * If the building isn't falling apart,
are prohibitive for most homeowners. As you have a "diamond in the rough."
we all know, the home insurance policies * Contact a mold specialist. A
aren't covering these damages any more. Mycologist, not a contractor. They can
Not all people stuck with these problems walk you through eliminating the mold,
give their homes back to the bank. But step-by-step.
many times they are motivated sellers. * We know a family quoted $80,000 to fix
And people who invest in real estate love a moldy home.
motivated sellers. They solved the problem for 85 cents.
Before now, divorce created most of the That house just needed some duct tape on
motivated sells. Move over quarrelling their A/C ductwork to cover up cat
couples. scratches.
But the title of this article tells us * Most repairs aren't that cheap. The
that mold creates a great investment. How average house is around $2000 to do an
can that be true if mold destroys the $80,000 repair.
health of the homeowner? Contractors also tend to spray chemicals
The answer is that mold can be fixed that are more dangerous than the mold.
inexpensively. They will often say something like this -
The people who want to move out have been "Its EPA approved."
told that it will cost up to $80,000 to My old EPA law instructor said that EPA
get their home fixed. Some people approval just means that it won't kill
actually do spend this money and find out MOST people.
they still have the mold problem. A Mycologist will use something that
Why? kills the mold but won't hurt the
Because most mold abatements are made by homeowner. Mycologists are aware of the
construction companies. Many of these effect of these chemicals on people.
companies are "mold specialists" because It is a matter of focus. Are you focused
they have taken a 3 day weekend class. It on the house [an inanimate object] or are
takes a Mycologist up to 8 years of you focused on people?
college to learn the minimum amount of If you can buy a house worth $100,000 for
knowledge required to understand mold in $30,000 and fix it up for $2,000 there is
the home. $68,000 profit. Rent the house or sell it
Eight years versus 3 days. HHHmmmm ! for a profit. They find another moldy
Knowing how to tear down walls isn't the home and do the same thing again and
same thing as knowing how to eliminate again.
mold.




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