Thursday Q & A - Your Maryland Real Estate Investing Questions Answered
Q: I'm thinking of purchasing an investment property that was built in 1942. What are the concerns about lead based paint?
A: Any property built before 1950 has to be registered with the EPA because of the concern over the presence of lead based paint. There are still Agents listing properties and representing Sellers that haven't taken this step.
My advice: if you are purchasing a pre-1950 property as an investment property, make the Seller register the property with the EPA. Otherwise, you could be buying a lead paint problem. AND...if there is a tenant in the property, you are putting yourself in a legally vulnerable position.
If you'd like more information on investing in Real Estate in Maryland, please feel free to contact me.
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