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 â??mold specialistsâ?? 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 and prevent disease by showing them how to live in a clean environment.

---

Burn, Baby, Burn!

Luxury homes are lots of fun to inspect. Sure, the... Read More

Be A Realtor With Curb Appeal

Are you a realtor with curb appeal or are you... Read More

Do I Have To Buy Real Estate Through An Agent?

Sometimes when we are very busy professionals and very rich... Read More

How to Make a Buyer Fall in Love with Your Home

If you are thinking of selling your home, there are... Read More

Buy or Sell First?

When it comes to home buying, the ideal situation would... Read More

Conversation & The Real Estate Investor

One key that makes investors is conversation or should I... Read More

5 Rock-Solid Real Estate Investment Strategies

Investing in real estate is more complex than simply buying... Read More

The Secret To Marketing Your FSBO Home For Sale

You're ready to put your home or land (house, townhouse,... Read More

10 Ways To Find Investment Properties

If you really want the best deals in investment properties,... Read More

Top 7 Reasons Why FSBOs Fail To Sell Their Home On Their Own!

In the United States, less than 10% of all For... Read More

How To Get More Money For Your House

If you are thinking about selling your house, you should... Read More

Real Estate Investments

Real estate investments come through a variety of different options.... Read More

Selling Property - Valuing Your Property

Selling property privately has many advantages over using an estate... Read More

Interior Design Secrets for Selling Houses

New concepts in Interior Design Psychology are helping home sellers... Read More

Cheap, Bargain, Real Estate; Good Deals, Below Market, Low Priced Properties Are Available...

Cheap, Bargain, Real Estate; Good Deals, Below Market, Low Priced... Read More

What Homeowners Should Know to Stop Foreclosure- Speaking Your Lenders Language

Financial literacy is the means of empowering consumers to make... Read More

Property Types A, B, C And D

One of the biggest problems individuals just starting out have... Read More

Internet Battleground for Future of Residential Real Estate

Real estate agents are gearing up to face the biggest... Read More

Buying Overseas Property

Fourteen Top Tips for Overseas Property Investment:1. Buy what you... Read More

Crossing the Gap from this Home to the Next: Bridge Loan

So you're thinking of getting into a bigger house. You... Read More

Is Housing and Real Estate Bubble Hype Irrational Exuberance?

Not so, says the author of this article and four... Read More

Buying Your First Investment Property

"Begin With The End In Mind"I first heard the phrase... Read More

Buying New Construction...How Do I Begin?

The prospect of shopping for a new construction residence can... Read More

Curb Appeal

First impressions do make a difference when selling your home.... Read More

Investor Banned From Offering Property For Rent

Do you realize that you might be prevented from renting... Read More

Buying a Vacation Home

You'd like to buy a vacation home, but you're not... Read More

Should I Invest in Real Estate While Running an Internet Business?

Of course you should. I practice this for quite a... Read More

An Often Overlooked Secret of Marketing and Negotiating for Real Estate Investors Looking for Deals

When you call sellers, what do you say? When you... Read More

The Art & Science of Property Valuation -- Automated Valuation Models

It is no secret that sellers want to sell high... Read More

Real Estate Investing - So You Want to be a Landlord!

Is landlording the way to go if you are starting... Read More

Will The Real Home Buying Guide... Please Stand Up?

Use Google right now and do a search on, "Home... Read More

The Real Estate Cycle

The real estate cycle, like the business cycle, refers to... Read More

Apres-Ski

European tax haven Andorra enjoys the same fiscal benefits as... Read More