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All Forum Posts by: Christopher Veljkovic

Christopher Veljkovic has started 40 posts and replied 122 times.

Post: IN-GROUND OIL TANK ADVICE

Christopher Veljkovic
Posted
  • Rental Property Investor
  • Morris County, NJ
  • Posts 130
  • Votes 35

@Jennifer Petrillo thanks for the recommendation. I will keep them in mind for the future. Your absolutely right, my lender will not fork over the funds, especially now that the buyer refuses to remove the tank after the offer was placed with the “subject to tanks removal and/or soil inspection”. Unfortunately the reward is not worth the risk at this moment.  However, thanks for your knowledge and referral. 

Post: AGE of a multifamily investment property in New Jersey

Christopher Veljkovic
Posted
  • Rental Property Investor
  • Morris County, NJ
  • Posts 130
  • Votes 35

@Marta K.  Welcome to the BP community!  Sorry I can't help with your particular situation but I know you'll be able to find out most information with the help of the BP community.  Good Luck!

Post: IN-GROUND OIL TANK ADVICE

Christopher Veljkovic
Posted
  • Rental Property Investor
  • Morris County, NJ
  • Posts 130
  • Votes 35

THANKS EVERYONE FOR YOUR INPUT!!  

Post: IN-GROUND OIL TANK ADVICE

Christopher Veljkovic
Posted
  • Rental Property Investor
  • Morris County, NJ
  • Posts 130
  • Votes 35

@Matthew Paulif all works out well I’ll have them pay for it but I’ll do it myself. Thanks. I helped my brother with his tank few years back. Messy!!

Post: IN-GROUND OIL TANK ADVICE

Christopher Veljkovic
Posted
  • Rental Property Investor
  • Morris County, NJ
  • Posts 130
  • Votes 35

@Roy N. well just place a bid with “subject to” in place. I’ll see what happens!!  Thanks everyone for your help!!

@Jacob Caddick it’s for heating the home if there isn’t natural gas utilized or near the home. 

Post: IN-GROUND OIL TANK ADVICE

Christopher Veljkovic
Posted
  • Rental Property Investor
  • Morris County, NJ
  • Posts 130
  • Votes 35

@Matthew Paul I wish it I could leave it and fill it up with sand. Unfortunately My mortgage company will not lend me the funds until that tank is out of the ground. 

Post: IN-GROUND OIL TANK ADVICE

Christopher Veljkovic
Posted
  • Rental Property Investor
  • Morris County, NJ
  • Posts 130
  • Votes 35

@Ian Walsh we are trying to make the seller take responsibility for this. Only because of the flood zone aspect.  But we are placing a “subject to” as of now.  Thanks for the reply. 

Post: IN-GROUND OIL TANK ADVICE

Christopher Veljkovic
Posted
  • Rental Property Investor
  • Morris County, NJ
  • Posts 130
  • Votes 35

@Seth Borman I’m looking into that right now. I was hoping that someone has had experience with working through this situation. 

Post: IN-GROUND OIL TANK ADVICE

Christopher Veljkovic
Posted
  • Rental Property Investor
  • Morris County, NJ
  • Posts 130
  • Votes 35

Thanks @David Lichtenstadter .  Looks like that’s the only way. 

Post: IN-GROUND OIL TANK ADVICE

Christopher Veljkovic
Posted
  • Rental Property Investor
  • Morris County, NJ
  • Posts 130
  • Votes 35

@Matthew Paul  the tank is buried with in a crawl space under the front porch.