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  • Profile photo of aquafrogstuffaquafrogstuff
    Participant
    @aquafrogstuff
    Join Date: 2009
    Post Count: 3
    April 16, 2009 - 11:55 am

    Thanks folks, most helpful.

    Have decided to ditch the house and look for something else.

    Thanks again.

    Dwayne

    Profile photo of aquafrogstuffaquafrogstuff
    Participant
    @aquafrogstuff
    Join Date: 2009
    Post Count: 3
    April 14, 2009 - 1:53 pm

    Thanks David.

    It would be a long term investment as I believe the location will be of more value than the land/house combination in years to come.  I guess the issue is more that it limits our options in that if we need sell it rather than demolish it, it may limit our potential market.  Our expectations for the property are to sustain rental income until the house needs major repairs at which time we'll consider the sale/demolish options.

    You sound like you're talking from experience.  Have you had history with ongoing costs associated with asbestos repairs?  Were you able to deduct these each year as a deductable?

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