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All Forum Posts by: Derreck Wells

Derreck Wells has started 12 posts and replied 530 times.

Post: New to Bigger Pockets

Derreck Wells
Posted
  • Specialist
  • Pelham, NH
  • Posts 544
  • Votes 269

Hi Brandon,

Welcome to the forum! Save my contact info and when you find property you're interested in, PM me the address and I'll check the lead paint status for you in the state database. I can let you know if it's ever been inspected and what to look out for.

MA real estate laws say that you can't rent to a family with kids under 7 unless you have a lead certificate on file with the state and the anti-discrimination laws say you can't not rent to a family because they have a kid under 7 (even if it's because you know there's lead paint), so they basically made it so that any rental with more then 1 bedroom has to be deleaded. However, they also have loan programs and grants for deleading. There's actually a loan program with 0% interest that you don't have to pay until you sell the property, so basically, it won't cost you anything to delead, it comes out of the profit when you sell, so you just roll it into the sale price.

You can email me directly at the email in my signature or you can PM me on here.

Talk to you soon!

Post: Chelsea MA, Two Family With Additional In Law Suite, Soldiers Hom

Derreck Wells
Posted
  • Specialist
  • Pelham, NH
  • Posts 544
  • Votes 269

I hate to break it to you, but even without the address, I can tell you someone is lying to you. 43 unit 3 and 50-52 are the only buildings with deleaded units on Eleanor St besides the 21 condos at #55. (see chart below)

Since 43 is a 24 unit apartment building, I know that's not the one you're going to list.

If you're selling 50-52, then 2 units were deleaded in 1998. There were hazards found (which is good) and it was deleaded to the laws at that time. There were no PCADs (Post Compliance Assessment Determination) done, so there are probably hazards now and it will more than likely need to be touched up to protect the owner from potential liability, but you're in decent shape if it's 50-52.

If it's not 50-52, then the current owner is mistaken, there's nothing else deleaded on Eleanor besides these 3 buildings.

Street #StreetNameCommunityCityUnit
43Eleanor StChelseaCHELSEA3View Detail
50-52Eleanor StChelseaCHELSEA1View Detail
50-52Eleanor StChelseaCHELSEA2View Detail
55Eleanor StChelseaCHELSEA1View Detail
55Eleanor StChelseaCHELSEA10View Detail
55Eleanor StChelseaCHELSEA11View Detail
55Eleanor StChelseaCHELSEA12View Detail
55Eleanor StChelseaCHELSEA12aView Detail
55Eleanor StChelseaCHELSEA14View Detail
55Eleanor StChelseaCHELSEA15View Detail
123

Post: Chelsea MA, Two Family With Additional In Law Suite, Soldiers Hom

Derreck Wells
Posted
  • Specialist
  • Pelham, NH
  • Posts 544
  • Votes 269

Whats the address?

Post: Chelsea MA, Two Family With Additional In Law Suite, Soldiers Hom

Derreck Wells
Posted
  • Specialist
  • Pelham, NH
  • Posts 544
  • Votes 269

Russell, what's the address, I'll check the lead paint status for you.

Post: New Member Looking in Boston

Derreck Wells
Posted
  • Specialist
  • Pelham, NH
  • Posts 544
  • Votes 269

Hi Christopher,

Welcome to the forum! Save my contact info and when you find property you're interested in, PM me the address and I'll check the lead paint status for you in the state database. I can let you know if it's ever been inspected and what to look out for.

MA real estate laws say that you can't rent to a family with kids under 7 unless you have a lead certificate on file with the state and the anti-discrimination laws say you can't not rent to a family because they have a kid under 7 (even if it's because you know there's lead paint), so they basically made it so that any rental with more then 1 bedroom has to be deleaded. However, they also have loan programs and grants for deleading. There's actually a loan program with 0% interest that you don't have to pay until you sell the property, so basically, it won't cost you anything to delead, it comes out of the profit when you sell, so you just roll it into the sale price.

You can email me directly at the email in my signature or you can PM me on here.

Talk to you soon!

Post: New Member from Boston Area

Derreck Wells
Posted
  • Specialist
  • Pelham, NH
  • Posts 544
  • Votes 269

Hi David,

Welcome to the forum! Save my contact info and when you find property you're interested in, PM me the address and I'll check the lead paint status for you in the state database. I can let you know if it's ever been inspected and what to look out for.

MA real estate laws say that you can't rent to a family with kids under 7 unless you have a lead certificate on file with the state and the anti-discrimination laws say you can't not rent to a family because they have a kid under 7 (even if it's because you know there's lead paint), so they basically made it so that any rental with more then 1 bedroom has to be deleaded. However, they also have loan programs and grants for deleading. There's actually a loan program with 0% interest that you don't have to pay until you sell the property, so basically, it won't cost you anything to delead, it comes out of the profit when you sell, so you just roll it into the sale price.

You can email me directly at the email in my signature or you can PM me on here.

Talk to you soon!

Post: New to the Game!

Derreck Wells
Posted
  • Specialist
  • Pelham, NH
  • Posts 544
  • Votes 269

Hi Jessica, welcome to the forum! Save my contact info and when you find property you're interested in, PM me the address and I'll check the lead paint status for you in the state database. I can let you know if it's ever been inspected and what to look out for.

MA real estate laws say that you can't rent to a family with kids under 7 unless you have a lead certificate on file with the state and the anti-discrimination laws say you can't not rent to a family because they have a kid under 7 (even if it's because you know there's lead paint), so they basically made it so that any rental with more then 1 bedroom has to be deleaded. However, they also have loan programs and grants for deleading. There's actually a loan program with 0% interest that you don't have to pay until you sell the property, so basically, it won't cost you anything to delead, it comes out of the profit when you sell, so you just roll it into the sale price. 

You can email me directly at the email in my signature or you can PM me on here.

Talk to you soon!

Post: New Agent in Boston, MA area!!!

Derreck Wells
Posted
  • Specialist
  • Pelham, NH
  • Posts 544
  • Votes 269

Excellent, thank you! I look forward to hearing from her.

Post: New member from Boston

Derreck Wells
Posted
  • Specialist
  • Pelham, NH
  • Posts 544
  • Votes 269

@Alex Rice

Welcome to the forum! Save my contact info and when you find property you're interested in, PM me the address and I'll check the lead paint status for you in the state database. I can let you know if it's ever been inspected and what to look out for.

MA real estate laws say that you can't rent to a family with kids under 7 unless you have a lead certificate on file with the state and the anti-discrimination laws say you can't notrent to a family because they have a kid under 7 (even if it's because you know there's lead paint), so they basically made it so that any rental with more then 1 bedroom has to be deleaded. However, they also have loan programs and grants for deleading. There's actually a loan program with 0% interest that you don't have to pay until you sell the property, so basically, it won't cost you anything to delead, it comes out of the profit when you sell, so you just roll it into the sale price. 

@Steve Bracero Same goes for you, shoot me the addresses of any properties you're interested in and I'll run them through the database for you.

Post: New Investor in the Boston area

Derreck Wells
Posted
  • Specialist
  • Pelham, NH
  • Posts 544
  • Votes 269

Hi Kenny, 

Welcome to the forum! Save my contact info and when you find property you're interested in, PM me the address and I'll check the lead paint status for you in the state database. I can let you know if it's ever been inspected and what to look out for.

MA real estate laws say that you can't rent to a family with kids under 7 unless you have a lead certificate on file with the state and the anti-discrimination laws say you can't not rent to a family because they have a kid under 7 (even if it's because you know there's lead paint), so they basically made it so that any rental with more then 1 bedroom has to be deleaded. However, they also have loan programs and grants for deleading. There's actually a loan program with 0% interest that you don't have to pay until you sell the property, so basically, it won't cost you anything to delead, it comes out of the profit when you sell, so you just roll it into the sale price. 

I'll see you around the site!