Nikki Cuozzo
Underground oil tank
Hello! If there is an underground oil tank, is the seller legally responsible to remove it before the buyer acquires the property? Or can it be negotiated within the contract? This property is in Connecticut. Thank you!
Hersh M.
Impact of crude oil prices on Texas RE
Hi,Just curious. Is there any connection between Texas house prices/ rents and the crude oil markets? Are they correlated?Thanks.
Bryan Hancock
Will Gasoline Hit $5/Gallon This Summer?
Gas is really expensive for this time of year and the dollar is getting cheaper. Will the average hit $5/gallon this summer? If so, what will it do to our economy?
Edit: Title should say GAS...not oil. Hopefully o...
ANTHONY SPOLIZINO
IN GROUND OIL TANKS????
Hello All,It is about time sell my primary residence and I am on the fence on what to do with the in ground oil tank. There is gas in the house so I can have the tank pulled and convert or leave it and go to market a...
Cal C.
Fracking boom and related RE boom ending?
With Europe looking more and more like it is sliding into recession, the surging dollar and the Saudis not cutting back on their much cheaper to produce crude oil production, there is a potential for the fracking boom...
Brian Wolf
Utilities and the Lease
Hello All,
I recently inherited a tenant with a duplex I purchased. I am about to convert the one old oil furnace, used for both units, into 2 split traditional HVAC systems. Her old lease reads "The tenant will pay ...
Account Closed
Question on Cashflow Calculating Accounting for Boom Bust
Hey everyone,I've had a question for a while. I've read a few books now that all talk about cashflow analysis for a property, but there's one thing I am not sure how to handle. One book I read mentioned how along wi...
David Santore
Thoughts on Electric Heat for Rental?
I'm in MA, and my property has oil. Typical 1900s style 2 family with dumpy - if any- insulation! It's set about 300 feet back from the natural gas line on the street, and it order to bring NG in it'd be $7K to jus r...
Eric Luzier
Converting to gas heat?
Hi everyone! My husband and I just went under contract with the single-family home that is next door to the duplex we are currently house hacking. We weren't really planning on purchasing another property right now,...
Claudia Fernandez
Oil Tank?
We are in the process of buying an REO in NJ. Inspector said the front yard had signs of an oil tank, to get a sweep done. Called the town and the town said they have a permit for an oil tank removed. Did a sweep anyw...