Hi all, I am close to putting in an offer on a 1940’s cinderblock warehouse that I plan to convert to a living space for myself. It’s actually two side-by-side buildings with a common wall. One side is dilapidated and...
Hello real estate community. I came across a good deal in Garfield NJ, built in 1910, the price is very promising, short sale, cash buyers only. Listing disclosed mold and water damage in the basement and soil contami...
Hey Folks,Looking at an otherwise solid REO buy (for flip) on what appears to be a corner lot- come to find out the yard "on the corner" is a parcel owned by the next door neighbor and is "possibly contaminated"... fo...
Hello everyone,We are currently reviewing an investment in a 2 family in Sayreville, NJ. We like the numbers, but don't know much about the area. Any one else investing in Sayreville or nearby? Can you share what drov...
OK, not me but a friend is buying a new build that is being built on a former Iron Foundry site.
My environmental engineer friend said to ask for the Closure Report and get a copy of the Clean Closure Letter.
Any ot...
I'm refinancing a 5 unit apartment building and the bank just started doing "EDR Collateral Screening". I think EDR stands for "Environmental Data Resources". The result is quoted below:
" EDR collateral screen out...
I am looking at a house that has been severely discounted due to contamination from meth. I have access to the report, the seller has been up front about it. My question is does anyone know how to go about estimating ...
I'm currently buying a home and they found an oil tank. Seller doesn't have the money to pay for removal so I offered to remove the tank before closing, with a clause that if there is contamination, I will be backing ...
I'm under contract on a rental house in Teaneck, NJ that has an under ground oil tank. Apparently, that's fairly common and legally it's on the seller to remove. Curious what the risks are. Seller has agreed to credit...
hiI am looking at a property that has had a long term tenent ( deisel automotive repair ) working on trucks in their unit as well as the surface lot. There is 1 catch basin on the surface lot for water control. i su...