Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated about 7 years ago on . Most recent reply
Buying a home with an abandoned oil tank
Im currently in attorney review for a single family home that I’m purchasing. I was told the property had a underground oil tank that was properly abandoned back in 2003. I had asked the owner of the property if i can remove the tank while we are under contract and they did not agree to it. When i spoke to the realtor he told me I can hire a company to test the soil around the tank. Is it worth the risk to buy this home with the oil tank? Im willing to pay for the soil testing but i don’t know how accurate it is. I don’t want to he stuck in a home that needs to be remediated.
Most Popular Reply

https://www.biggerpockets.com/forums/311/topics/523009-in-ground-oil-tank-advice?highlight_post=3195984&page=1#p3195984