Good deal but house has Underground Oil Tank

[Brian Simmonds]

#ASKBP - Hello I'm currently in the process of buying a 4 unit house that needs a few repairs but will bring in decent income once fixed up. The problem is that there is an underground oil tank. The property is selling at 150K. If I can get the property down to 135K do you think it's worth the hassle of buying the house and having to deal with an underground oil tank? Please advise. Thanks!

[Chris Simmons]

If the house is that good of a deal, I would rather pay $150 and have the seller remove the tank and show a clean soil test before you take ownership.