Petersburg landlord faces the prospect of federal prison.The landlord, age 55, admits in court papers that he falsified lead paint disclosure forms, making it appear that renters knew of a risk before moving into contaminated apartments.

The purchase agreement should layout a time frame to complete some of these "due diligence" items.You will need a boundary survey and title commitment to verify there are no liens or encumberances on the property.You will want to hire a geotechnical engineer to verify the soil is suitable for building an apartment building.You will need an environmental engineer to make sure there are no contaminants (asbestos, mercury, lead, etc.) on the site, as well as wetlands and/or endagered speices.If you need to rezone the property we may want to consult an attorney and/or civil engineer to help with that.Depending on how many units you intend to build the city may require a traffic study be completed to determine the impacts to the streets and intersections.This is typically how we start a new site and it is a very general list of items.

These regulations inlude things like using certified employees to wall off abatement areas with 2 ply plastic tents and monitor air contamination levels for 48 hours following abatement.

Hello Newark Investors,         I wanted to reach out to a bigger audience and get some thoughts regarding the Newark Lead crisis which has contaminated the water and how this might impact the real estate market there.

However, in the course of my research I’ve come to find out that there are about 1900 properties subject to testing due to an EPA Superfund site causing possible lead and arsenic contamination.

At the moment, our capital is sitting in a low-risk, readily liquid investment which is returning a 5.2% ... or it is sitting in USD money market fund earning squat (I just exchanged a lump this morning and made 22.5% thanks to our oil contaminated Loonie).As such, when we analyse any "deal" that comes our way, the opportunity cost of that capital is a minimum of 5.2% ... when you adjust for risk, etc. we end-up with a hurdle rate in the range of 6 - 9%.  

We are working on contacting companies for removal as I will not purchase the house without removal or a clean bill that the soil is not contaminated. 

The purpose of containment is to ensure that airborne molds, dust, fibers, etc. do not get into the un-contaminated portions of the home.)Will you scrub the air?

Contamination on the property devalues it..

Combine a pullback in consumer spending and some sort of local issue (water contamination?