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
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago,
Oil tank underground property
I’m in the process of purchasing a property with an underground oil tank. There was sample performed and it’s showing 90% no leakage. I would also pay a fee of $1400 for a guarantee when they dig the oil tank up and they will cover all remediation from what was told to me by the company.
Do you think I’m taking too much of a risk? Let me know your thoughts as attorney review is done and we are planning on closing next month.