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I had a magnetometry survey (fancy name for an oil tank sweep) conducted at a property I am looking to purchase in Northern New Jersey. The scan detected an anomaly between the grass and driveway. While a metallic foo...
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I need some feedback on the sale of gas & oil land. My firstvtype with this type of real estate deal.
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...
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I'm a newbie to REI in the Permian Basin. I have made and been turned down on many offers (Still looking for a yes). looking at our West Texas economy and the "pandemic", I'm curious if this is the ideal time to conti...
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I have a 3 family under contract in Bloomfield, NJ. We just did a tank sweep as underground oil tanks are very common in this area for houses of that age. Sure enough the tank sweep turned up a massive underground oil...
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Hello, BP community!! I am about to close a property; however, my attorney found there is a oil tank under the property, which had been filled sand back to 2006. My attorney suggest us to demand seller to complete ...
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I'm about to close the contract (3 weeks to closing date), but all of sudden my lender refused to process the loan (underwriter refused to proceed) after they found there was a heating oil leakage found (still looking...
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Looking a a 5-plex, and the seller has sent me a sheet with expenses and income from tenants. How can I know if the oil (owner pays) really costs $8000 a year, and that other expenses are true?? would I need to ask fo...
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Hi all,Hopefully you can provide a bit of insight on what i should do in this situation. The situation is that tenants are a month behind on rent, their phones are off so no contacting that way, child services stepped...
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So I just finished my first flip in Charlotte, North Carolina...took a little longer than expected, but it's finally under contract. The buyers had their inspection last week and I had a nice little surprise that the...