Nick G.
Potential deal with failed underground oil tank
Hi BP,Has anyone purchased a house with an existing spill violation for an underground oil tank?I have a potential house with an underground oil tank that was previously tested and failed by a potential buyer. That bu...
Tony Nguyen
Are all my ventures at risk if my company is a member in all of them?
Hi everyone,My partner and I are starting a syndication LLC which for this example, we'll call TD, LLC. Let's say in the future we partner with a few investors and own 10 different properties and on all 10 of the LLC'...
Hugh Rosen
Baltimore Oil Tank Spill - Advice??
Considering a multi-unit (3 1BR’s) “as-is” in Baltimore City. Inspection was yesterday. Oil tank is in basement and I noticed a small leak consisting of water and oil mixed (there was a blue sheen to the water) on the...
Aaron Norris
Mold and Investors Video
I recently got together with a friend and did a short video on understanding mold. She's an inspector out of San Diego and she had two great houses.
The first house was an REO where the REO agent was concerned about ...
Nathan Letourneau
Has anyone remodeled a house with prior meth usage
Curious if others have ever bought a prior meth house for remodeling to flip or rent? Wondering if there is anything in particular to look out for....unexpected costs, liability issues, etc? When you went to sell, (...
Jeffrey Schratz
Beware of basement oil tanks!
I have an STR in New England that had a basement oil tank. This winter it developed a leak. Fortunately, a guest was there who alerted me to the problem in a timely fashion. Even with that, remediation has cost me ove...
Account Closed
Foreclosed SFR in Rough Shape - Thoughts?
Hi BP community!Quick Facts:A friend bought this for $100k on Auction.com and offered to wholesale it to me ARV $195k4/2, 1400 SF. Zip code is 33603 in the Seminole Heights neighborhood of TampaThe property was smoked...
Varun G.
Buying turnkey with repaired foundation in Texas
Hello BP Community,I am looking at a turnkey property in the DFW area. There has been a considerable amount of foundation work done (addition for piers, leveling, etc). Is this common problem in older homes in Texas?...
Stan Tallman
Seller threatening to break contract to put back on market (for more $)
I have a small SFR under contract that's being sold by a flipper. It's a turn key, good flip with a few minor issues. We asked for a reduction in sale price for an AC not working and a clogged cleanout drain (concre...
Jazmine S.
Can you completely get rid of cigarette smell in a SFH?
I am actually looking as a tenant at a place and it is currently occupied and has a decent scent of cigarettes. The landlord confidently told me that he has a remedy that he used in the past that was successful.. Have...