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Updated about 5 years ago on . Most recent reply

Jared Lillard's profile image
Jared Lillard's profile image
Jared Lillard
  • from Little Rock, Arkansas
  • Member since Oct 17, 2017
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Jared Lillard's profile image
Jared Lillard's profile image
Jared Lillard
  • from Little Rock, Arkansas
  • Member since Oct 17, 2017
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Jared Lillard
  • Little Rock, AR
5
Votes |
24
Posts
Mobile Home Park Investing

Environmental studies anyone?

Jared Lillard
  • Little Rock, AR
Posted

I'm looking at my first MHP purchase and my attorney suggested I get a Phase 1 Environmental Study done.  Is anyone doing this or have any experience with it?  Or not doing it and feel good about it?  Thanks in advance for your help.

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Matthew Arreola's profile image
Matthew Arreola's profile image
Matthew Arreola
  • Rental Property Investor
  • from Honolulu, HI
  • Member since Apr 26, 2016
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Matthew Arreola's profile image
Matthew Arreola's profile image
Matthew Arreola
  • Rental Property Investor
  • from Honolulu, HI
  • Member since Apr 26, 2016
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Matthew Arreola
  • Rental Property Investor
  • Honolulu, HI
10
Votes |
15
Posts
Matthew Arreola
  • Rental Property Investor
  • Honolulu, HI
Replied

if you don’t do a Phase 1 and contamination is found on your property, you could be liable for cleanup and possibly damages

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