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Real Estate Information |
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Moldy Homes are a Great Investment
Have you seen this in your classifieds? -"Will pay $$$ for moldy homes. Call 555-555-5555" All you have to do is watch the news and you know about mold problems. We hear about Ed McMahan suing because his moldy home killed his pet dog. We also hear about Erin Brockovich and Sandra Bullock's problems with their brand new moldy home. * Mold has been traced to people dying in moldy homes. * Mold has been proven to be the leading cause of sinus infections * (Mayo Clinic 1997) http://www.mayo.edu/proceedings/1999/7409a1.pdf * Mold will destroy the wood in a house. * Mold loves to grow on wallpaper and drywall. * We have actually seen it grow on glass. People have had to move out of these houses. Sometimes even letting the bank take back the house because repair costs are prohibitive for most homeowners. As we all know, the home insurance policies aren't covering these damages any more. Not all people stuck with these problems give their homes back to the bank. But many times they are motivated sellers. And people who invest in real estate love motivated sellers. Before now, divorce created most of the motivated sells. Move over quarrelling couples. But the title of this article tells us that mold creates a great investment. How can that be true if mold destroys the health of the homeowner? The answer is that mold can be fixed inexpensively. The people who want to move out have been told that it will cost up to $80,000 to get their home fixed. Some people actually do spend this money and find out they still have the mold problem. Why? Because most mold abatements are made by construction companies. Many of these companies are ??mold specialists?? because they have taken a 3 day weekend class. It takes a Mycologist up to 8 years of college to learn the minimum amount of knowledge required to understand mold in the home. Eight years versus 3 days. HHHmmmm ! Knowing how to tear down walls isn't the same thing as knowing how to eliminate mold. So if someone hesitates at paying these unreasonable prices, they become a motivated seller. Opportunities are made from these problems. Want to find these houses? Go to your bank's home loan office. Advertise in your paper. They are everywhere. Of course, you don't want to buy just every house. You just want sick houses, not dead houses. * Go into the crawlspace and stick a screwdriver into the floor joists. Are they rotted? * Look at the dry wall is it just green or is it falling apart? * Is the roof sturdy? Can you see light coming through holes in the roof? * If the building isn't falling apart, you have a "diamond in the rough." * Contact a mold specialist. A Mycologist, not a contractor. They can walk you through eliminating the mold, step-by-step. * We know a family quoted $80,000 to fix a moldy home. They solved the problem for 85 cents. That house just needed some duct tape on their A/C ductwork to cover up cat scratches. * Most repairs aren't that cheap. The average house is around $2000 to do an $80,000 repair. Contractors also tend to spray chemicals that are more dangerous than the mold. They will often say something like this - "Its EPA approved." My old EPA law instructor said that EPA approval just means that it won't kill MOST people. A Mycologist will use something that kills the mold but won't hurt the homeowner. Mycologists are aware of the effect of these chemicals on people. It is a matter of focus. Are you focused on the house [an inanimate object] or are you focused on people? If you can buy a house worth $100,000 for $30,000 and fix it up for $2,000 there is $68,000 profit. Rent the house or sell it for a profit. They find another moldy home and do the same thing again and again. For 30 years, Dr Graham has been helping people treat andprevent disease by showing them how to live in a clean environment.
MORE RESOURCES: Costar sues Zillow over photos, claims ‘systematic infringement’ Real Estate News by RealEstateNews.com After 30 years, Linda A. Gary Real Estate moves office from prominent Worth Avenue corner Yahoo Home Blackstone's Wesley LePatner, a mentor to women and real estate investing leader, killed in NYC office shooting Business Insider Real Estate Investment Trusts Score Legislative Wins Forvis Mazars US Real estate: Home prices climb in Martin, Indian River counties; fall in St. Lucie County Treasure Coast News After 30 years, Linda A. Gary Real Estate moves office from prominent Worth Avenue corner Palm Beach Daily News Seattle-area real estate startup Flyhomes raises $15M as it pivots to 'Buy Before You Sell' model GeekWire I-78/I-81 Corridor commercial real estate activity picking up Lehigh Valley Business Troy Furbay has been appointed Managing Director, Hospitality at Crescent Real Estate LLC Hospitality Net ‘Walking beside him’: Daughter continues stepfather’s real estate dream Mountain Home Observer The market is changing — and the industry's old rules are outdated Real Estate News by RealEstateNews.com Real estate: Condo prices rise in Indian River County; fall in Martin, St. Lucie counties Treasure Coast News Big Moves in Tucson: KMS Realty Merges with United Real Estate Specialists to Expand Services and Reach PR Newswire Richland County property transfers recorded July 21-24 Mansfield News Journal Central Pa. real estate company expands to Georgia Central Penn Business Journal US industrial real estate investor Terreno sells $82m portfolio IPE Real Assets America's Unhinged Real Estate Market Is Driving Down the Birth Rate Business Insider Pacific Development and PGIM Real Estate Land $97 Million Construction Loan for Landmark Mixed-Housing Project in Santa Rosa Yahoo Finance Double digit price increases for Putnam real estate Mid Hudson News $25.1M Refinancing Secured for Poplar Plaza Shopping Center in Memphis Boston Real Estate Times Real Estate Expert Jody Wainio of Buyers Choice Realty Shares Advice on Mortgage Pre-Approvals in HelloNation GlobeNewswire Fed Interest Rate Predictions: No Cut Expected Today, July 30, 2025 - Norada Real Estate Investments Fed Interest Rate Predictions: No Cut Expected Today, July 30, 2025 Norada Real Estate Investments Atlanta real estate mogul, former Hawks owner Tom Cousins dies at 93 Atlanta News First RE/MAX revenue continues to slip despite agent gains Real Estate News by RealEstateNews.com Haag-Brown Commercial Real Estate to open Bentonville office Talk Business & Politics Inside Zillow’s summer launch: 5 new tools built for agents - Real Estate News by RealEstateNews.com Inside Zillow’s summer launch: 5 new tools built for agents Real Estate News by RealEstateNews.com Executive Killed in Manhattan Shooting Was CEO of Blackstone's $53 Billion Real Estate Megafund Realtor.com Top residential real estate sales for July 14-18 in Longboat, Lido, St. Armands, Bird Key Your Observer Real estate transfers: 7/30 Toledo Blade Leading Arizona Real Estate Team JBRE Joins Real Brokerage, Bringing $310M Sales Portfolio Stock Titan Delaware June home sales stronger than national numbers; median sold price at record high The News Journal News | UK commercial real estate investment slips slightly to £10 billion in second quarter - CoStar Inside Hulk Hogan’s $11 Million Real Estate Empire EntertainmentNow Real Estate Transactions | July 14-18, 2025 Republic-Times Arkansas Commissioner of State Lands to auction more than 700 tax delinquent real estate parcels Thursday Hot Springs Sentinel Record Real estate office renovating former daycare The News-Enterprise Atlanta real estate tycoon Tom Cousins has died at 93 Rough Draft Atlanta Former Patrizia exec joins Oryx Real Estate Green Street News Christie’s Debuts Crypto Real Estate Division The New York Times The real estate market: 5 key themes to watch this week Real Estate News by RealEstateNews.com Ledge Road property in Newport sold for $3.3 million tops latest Newport County sales Newport Daily News Exclusive: Apple to buy another Silicon Valley campus for $365 million San Francisco Chronicle Real Estate Giant Anywhere Gives 100,000+ Agents Free Access to Canva Enterprise AI Marketing Platform Stock Titan Two of Frank Lloyd Wright’s earliest works are making real estate headlines Chicago Star Media Rusk County real estate transactions The Ladysmith News Real estate trends highlighted Morrow County Sentinel South Carolina RSIC CIO announces departure Institutional Real Estate, Inc. Real Estate Transactions BusinessWest Jimenez Law Firm, P.A. Named Trusted Residential Real Estate Lawyer in Jacksonville for Homebuyers openPR.com Asia Pacific commercial real estate investment surges to $31.2b in second quarter 2025 Institutional Real Estate, Inc. Luxury Presence Debuts the First Fully Autonomous AI Marketing Team for Real Estate Agents Business Wire Once a vaudeville playhouse, the historic Baker Theater in Dover is listed for $3.7M - Bergen Record Alex MacWilliam of Alex MacWilliam Real Estate in Vero Beach Shares Hurricane Preparedness Strategies to Protect Property Investment in HelloNation The Manila Times |
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