Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 7 years ago,

User Stats

10
Posts
1
Votes
Brittany D.
  • Rental Property Investor
  • Guttenberg, NJ
1
Votes |
10
Posts

Above Ground Basement Oil Tank

Brittany D.
  • Rental Property Investor
  • Guttenberg, NJ
Posted

Hi BP Community!

Looking into a property right now with a basement oil tank (above ground). I know nothing about oil tanks except for the fact that they're potentially risky. I've read some things but I am also no expert to tell whether or not its "clean". I know this would be inspected and such, but I want to take precaution and just view this house one more time. What are key things to look for?

How much would the removal of this possibly cost if this was a clean tank?  Is it worth buying a house with something like this? This is my first property and I don't want to get off on the wrong foot. I have experience with the 10k chaos my mom dealt with in regards to her below ground oil tank. How much would my homeowner's insurance increase for having this above ground tank (estimated of course)?

Any input regards ABOVE GROUND BASEMENT tanks would be great! 

TY!

Loading replies...