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Updated almost 6 years ago, 12/07/2018

User Stats

62
Posts
6
Votes
Nyan R.
  • Rental Property Investor
  • Brooklyn, NY
6
Votes |
62
Posts

Lead pipe deal in Newark NJ

Nyan R.
  • Rental Property Investor
  • Brooklyn, NY
Posted

Hey BP, I found a deal in Newark and the property have lead pipe in the main water source. Should I get out of the deal or should I still proceed?

User Stats

38
Posts
18
Votes
Olusola Abitogun
  • Perth Amboy, NJ
18
Votes |
38
Posts
Olusola Abitogun
  • Perth Amboy, NJ
Replied

Call a local plumber to see how much that will take to FIX

User Stats

62
Posts
6
Votes
Nyan R.
  • Rental Property Investor
  • Brooklyn, NY
6
Votes |
62
Posts
Nyan R.
  • Rental Property Investor
  • Brooklyn, NY
Replied

@Olusola Abitogun the city is going to take care of the removal with a 1k deductible. The only thing is, we don’t know when that is going to happen. So right now I don’t know if I should wait for the city to remove it or proceed, with the owner giving me the 1k deductible.

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User Stats

104
Posts
53
Votes
Marc Weisi
  • Rental Property Investor
  • Jersey City, NJ
53
Votes |
104
Posts
Marc Weisi
  • Rental Property Investor
  • Jersey City, NJ
Replied

I'd agree with @Olusola Abitogun on this one. Call a plumber and get them to come out/give you an estimate. Shouldn't take more than a day or two to arrange that--no reason to hold up the deal for the city. City gov't doesn't exactly move quickly to put it mildly.