All Forum Posts by: Jack Bingha

Thank you so much for everyone’s insight.

My pregnant wife and I were in the process of purchasing a two family home. This is our first home purchase. We had a professional lead test and it turns out that all the walls have lead paint (which is completely painted over with new paint).

Now, knowing there’s lead paint everywhere, we would need to make this disclosure to any potential tenants. Also, the lead paint is primarily on walls that shouldn’t be disturbed, but there are massive potential liability issues if the paint were to chip and be consumed by an infant. Lastly, I worry if this is something we’d need to disclose to an insurance company.

Is this a deal killer?

My wife and I are looking into buying a two family investment property in New Jersey. The basement of the property has a very low ceiling (I am around 5’11 and cannot stand straight up). The basement (unfinished) has what appears to be two separate washer and dryer hookups, and also the house’s circuit board. 

If we allow tenants to access the basement (to do their wash or access the circuit board) I am afraid this could be a liability or code issue. Has anyone else in New Jersey encountered this issue?