I wanted to share with everyone a very important video that I watched today about hardwoods and laminates that were installed in many American homes which were purchased at Lumber Liquidators.
It was found that almost all products (laminate and hardwood) products that Lumber Liquidators were selling contained formaldehyde (that is more dangerous than asbestos). Thus, if you are concerned about your home or the houses that you flip or rent out, please test the floors as soon as possible. Typical test costs $1500 and if after the test you find that the products contain this chemical, remove the flooring immediately.
Pavel Sakurets has been investing in commercial and residential real estate since 2001. More than 2000 real estate transactions have been completed by him including rehabs, rentals, sheriff's sales, redemptions, mortgage notes, foreclosures, etc. He is a licensed real estate broker and building contractor in MN. Holds MBA in real estate and finance from the University of St Thomas