Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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 8 years ago on . Most recent reply

User Stats

9
Posts
1
Votes
Chris Ryan
  • Investor
  • Haddonfield, NJ
1
Votes |
9
Posts

New Jersey- oil tank

Chris Ryan
  • Investor
  • Haddonfield, NJ
Posted
Hello BP folks, does anyone know if a website or research tool that will show whether a previously installed underground oil tank exists in a property? Thx.

Most Popular Reply

User Stats

69
Posts
41
Votes
Tim Pagano
  • Glen Ridge, NJ
41
Votes |
69
Posts
Tim Pagano
  • Glen Ridge, NJ
Replied

@Kevin Hill is right, but I would forego the entire paperwork chase and wasting the time.  Just have any one of the Oil Tank Location companies sweep the property.  Particularly if the property is older many times there was no paper work ever done when converting from coal to oil.  There was no code etc.  It's better now but there used to be so many fly-by-night tank removal companies and they never did any paperwork.  It may cost a few bucks, but over time it will save you thousands.  All you need is one decommissioned tank found by a buyer and you could be on the hook for a costly removal.  

One thing you can do is look closely in the basement.  Many times I've found that the tank removal guys never hide the 2 - 3/8's inch copper pipe leading in from the tank or they do a poor job covering it up.  Look closely on the wall you may see something.  I've even found them popping up through the floor.  I would still do the tank sweep in any event.     

Loading replies...