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Updated over 11 years ago on . Most recent reply

Brad Fithian Jr's profile image
Brad Fithian Jr's profile image
Brad Fithian Jr
  • Real Estate Investor
  • from Glassboro, NJ
  • Member since Jun 6, 2013
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Brad Fithian Jr's profile image
Brad Fithian Jr's profile image
Brad Fithian Jr
  • Real Estate Investor
  • from Glassboro, NJ
  • Member since Jun 6, 2013
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Brad Fithian Jr
  • Real Estate Investor
  • Glassboro, NJ
3
Votes |
27
Posts
Real Estate Deal Analysis & Advice

Multi-family Oil Heat and Hot Water

Brad Fithian Jr
  • Real Estate Investor
  • Glassboro, NJ
Posted

I am considering a buy and hold strategy with a Duplex that has 2 three bedroom units, one is 1 bath and the other is 1 1/2 bath. Both units have oil heat and hot water. Is this something to be concerned about that may eat heavily into my cash flow or am I just over-thinking this?

Would appreciate any feedback if you have been in this situation or a similar one. Thanks!

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Stephen Masek's profile image
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Stephen Masek
  • Investor
  • from Mission Viejo, CA
  • Member since Mar 31, 2012
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Stephen Masek's profile image
Stephen Masek's profile image
Stephen Masek
  • Investor
  • from Mission Viejo, CA
  • Member since Mar 31, 2012
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Stephen Masek
  • Investor
  • Mission Viejo, CA
204
Votes |
627
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Stephen Masek
  • Investor
  • Mission Viejo, CA
Replied

is there an underground oil tank? If so, a leaking underground tank can be an expensive problem.

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