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New EPA Law In Effect Affects Real Estate Investors

April 28th, 2010 · 1 Comment · News and Trends

Chicago Real Estate Investing Report
I want you to know about the new EPA law that has taken effect. If you own or are going to own a building that was built in 1978 or older, you need to read this now:

Common renovation activities like sanding, cutting, and demolition can create hazardous lead dust and chips by disturbing lead-based paint, which can be harmful to adults and children. To protect against this risk, on April 22, 2008, EPA issued a rule requiring the use of lead-safe practices and other actions aimed at preventing lead poisoning. Under the rule, beginning in April 2010, contractors performing renovation, repair and painting projects that disturb lead-based paint in homes, child care facilities, and schools built before 1978 must be certified and must follow specific work practices to prevent lead contamination.

Until that time, EPA recommends that anyone performing renovation, repair, and painting projects that disturb lead-based paint in pre-1978 homes, child care facilities and schools follow lead-safe work practices.

* All contractors should follow these three simple procedures:
o Contain the work area.
o Minimize dust.
o Clean up thoroughly.
* Read EPA’s Regulations on Residential Property Renovation at 40 CFR 745.80, Subpart E.
* Read about lead-hazard information for renovation, repair and painting activities in the EPA lead hazard information pamphlet Renovate Right: Important Lead Hazard Information for Families, Child Care Providers, and Schools (PDF)
* Read about lead-safe work practices for contractors in the EPA pamphlet Contractors: Lead Safety During Renovation (PDF) color, in English (2 pp, 635K) | color, en español (PDF) (2 pp, 334K) | HTML version | Other formats
* Read about how to comply with EPA’s rule in the EPA Small Entity Compliance Guide to Renovate Right (PDF)
* Find additional EPA publications and brochures on lead-safe renovation, repair and painting and on lead poisoning prevention.

Beginning in December 2008, the rule will require that contractors performing renovation, repair and painting projects that disturb lead-based paint provide to owners and occupants of child care facilities and to parents and guardians of children under age six that attend child care facilities built prior to 1978 the lead hazard information pamphlet Renovate Right: Important Lead Hazard Information for Families, Child Care Providers, and Schools (PDF)

The rule will affect paid renovators who work in pre-1978 housing and child-occupied facilities, including:

* Renovation contractors
* Maintenance workers in multi-family housing
* Painters and other specialty trades.

Under the rule, child-occupied facilities are defined as residential, public or commercial buildings where children under age six are present on a regular basis. The requirements apply to renovation, repair or painting activities. The rule does not apply to minor maintenance or repair activities where less than six square feet of lead-based paint is disturbed in a room or where less then 20 square feet of lead-based paint is disturbed on the exterior. Window replacement is not minor maintenance or repair.

Read EPA’s Lead Renovation, Repair and Painting rule.

You can read more at the EPA website: http://www.epa.gov/fedrgstr/EPA-TOX/2008…

Read the rules, make sure you are compliant with them. Use a certified contractor when dealing with lead paint and make sure you get the job done right.

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Tips For REO Listings

February 3rd, 2010 · 1 Comment · News and Trends, Real Estate Articles

REO real estate investing can be  much easier when
you have a real estate agent that knows the ins and outs.

It’s also important to know what your price cap
is so you don’t waste time on listings that are out of
your price range.

That said, when you know how to find private
lenders, then you have the chance to start buying
bank reo property in bulk, which can add up to even
bigger discounts.

When you have lists of wholesale buyers and retail
buyers, you then have a chance to sell these bargains
quickly, still at a discount so people continue to line
up for your next real estate deal.

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24 E. 118th Chicago IL 60628 Chicago Wholesale Deal

November 12th, 2009 · No Comments · Chicago Wholesale Deals

24 East 118th St., Chicago, IL 60628
Frame 2.0 Br / 1.0 Ba

Front Elevation_24 East 118th St., Chicago, IL 60628

Front Elevation_24 East 118th St., Chicago, IL 60628

For More Info on this Deal >> Click Here Now Before It’s Too Late!!!

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