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.
Rehabbing & House Flipping
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 over 10 years ago, 06/23/2014

Account Closed
  • Cherry Hill, NJ
2
Votes |
23
Posts

Experience removing an in ground oil tank

Account Closed
  • Cherry Hill, NJ
Posted

Happy Monday BP Community,

I wanted to see if anyone had an experience rehabbing a property with an in ground oil tank. I am looking at a house that most investors are scared to touch because it has an in ground oil tank in the backyard.

I've done some preliminary research and seems like people are scared for good reason. No idea if the tank has leaked and then it seems like the EPA would get involved. The entire removal could be a nightmare.

I was considering asking a couple companies to try to go on site and give me a hard max quote of removing it. Not sure if they will do that because I guess you don't know until you dig and see whats going on underground.

Any recommendations or feedback would be great.

The comps are extremely good for this property but need to make sure I don't rush into something like this and then spend $50,000 to remove it and treat the soil, etc.

Thanks.

Loading replies...