All Forum Posts by: Daljit S.

Thanks Shawn. @James Hwang I'm planning to attend, let me know if you can make it as well! 

Hi @Shawn Mcenteer I'm interested in the event. Can you send me details as well please? Thank you! 

@Alecia Loveless @Jonathan Soto @Kunal Mishra Thank you all for the advice! Good news, the sell has agreed to move the tank and we are moving forward. I appreciate all the help and guidance. 

@Lawrence P. Schnapf

Thank you! The information about the dip-stick test is great advice. Much appreciated. 

@Jonathan Greene @Larry S. - Thank you both! I'm going to have my attorney reach out out to the sellers attorney and propose the idea of paying for some of the costs to remove the tank but in the event that there is some contamination, I'd want it in writing that I am not liable and it is the sellers responsibility. 

Hopefully this should entice them enough to remove the tank. If the seller still does not want to remove the tank, I'll walk away from this deal and continue looking for other opportunities. As you both mentioned, this is a big risk to take on and even riskier for a first time home buyer. 

Thank you all, this is great advice!

Hi BP, 

I'm a new investor looking to close on my first house hack in North Jersey! I was able to find an awesome property and get my offer accepted. I'll be able to house hack and reduce my living expenses significantly, allowing me to save up more for my next deal. After I move out, the property will cash flow based on my estimates. I'm currently in attorney review and the only caveat is that there is an underground oil tank. 

 The seller is refusing to remove the tank, and will only pay to have it legally decommissioned in place. For those of you with more experience or have run into a scenario like this - would you move forward with the deal knowing that the seller will not remove the oil tank and will look to legally decommission it? Or would you pass on this opportunity?

 I'm interested in learning about the pros and cons of accepting the sellers terms and getting is legally decommissioned or walking away from the deal if the risk of buying the property with the underground oil tank is too great. 

Thanks! 

Hi Jonathan, 

 I'm interested in attending - I've noticed a few of these events by the same name, are there any differences in these events outside of the date and time? 

Thanks!