Hello BP community.I’m dealing with removing an underground oil tank from my property in Newton NJ.I hired a company to do the removal/remediation MARKSMEN ENTERPRISES, LLC.The initial estimate they gave me was 8K, and they said there could be potential additional cost depending of what they find.

I currently have a full-time career as a senior engineer in the aerospace industry, but I’ve always been interested in real estate, and I view REI as a way to supplement my future retirement.I’m interested in initially doing fix and flips to build up capital for buy and hold investments in multi-family properties, and I have about $200K in home equity that I can leverage to get started.

As you and others have pointed out, and my initial assumption, that just seems hard to believe.That said, I'm going to a sale on Tuesday, I will report back what I learn in person.

The recent high inflation rates over the last several years have increased my income and equity beyond my initial projections at the time of purchase.  

I had initial inspector stating I needed 2 grounding rods on my rehab unit.  

Nice initials.

As with any market there is an initial investment up front to make the property unique. 

You would get an initial advance that is based on the current as-is value + the money to rehab the house in the form of draws.

Start with an initial list of candidate cities and eliminate all cities that fail additional requirements.

This experience highlighted the importance of thorough initial assessments and flexibility in budgeting, reinforcing the need for strategic planning and adaptability in real estate investments.