Joe Trevor
Buying Commercial Property on an EPA Superfund Site?
Hello,
I own a company in Denver and am seriously looking at purchasing a particular office/warehouse in town. The issue that has come up is that the unit sits on an EPA Superfund site, which they say has bee...
EDWARD M.
Offer on home with underground oil tank
I put an offer on a two-family home with a decommissioned underground oil tank. I just found out that the oil-tank is actually under the ground floor apartment and the current owner will not allow for soil testing bec...
Bharath Janakarajan
Oil tank leak negotiation
Hello pros,
I am in contract to buy a short sale "as is" property in central Jersey. During inspection, we discovered there is an abandoned oil tank and soil contamination. The realtor is saying we can get ...
Vincecanton Canton
Oil Tank
What is the process if removed a underground oil tank and the soil is contaminated?
Ryan Watson
Post Remediation Properties
Mainly on the topic of ground contamination. After the remediation for the contaminated soil has happened, are there any stipulations or things to watch out for if acquiring said property? Contamination can be any ...
Chase Gochnauer
Help on looking at a commercial deal - NNN ground lease
Hey guys I have some SFH rentals, looking to add a more passive investment and came across this commercial deal and hoping you guys can give me some tips before I dig further into it.Price $412.5kCap: 8%Recently signe...
Will Gaston
Gas Station Previously on Mixed-Use Property...What Are My Risks?
All:Looking at an out-of-market deal that seems to be a good one except for one (very big) issue. Property is currently MFH/Retail but used to have a gas station on it. Seller disclosed this to immediately and has bee...
Dinesh T.
30% CAP on potential contaminated site
$8000/month rent on 200K investment. Fully rented. Talk about the 2% rule. The catch is that a neighbors property (dry cleaner) is potentially contaminated. Seller is insisting on cash purchase as bank will not financ...
Ricardo Hodgson
Properties with Oil Tanks
I have came across a total rehab property that meets what i am looking for. But it has an oil tank that i am trying to factor into my number. I have reached out to people who have had their tanks removed or remediate...
Solomon F.
Oil tank remediated. no sell?
I am looking at a deal where the property had an underground oil tank removed and the soil test shows mild contamination. The seller is re-mediating. One realtor advised me against getting involved because I intend to...