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Results (778)
Zain B. Not sure if property has an oil tank Should I proceed with offer?
12 May 2017 | 11 replies

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...

Jordan Sloan Oil & Gas land
17 February 2015 | 1 reply

I  need some feedback on the sale of gas & oil land. My firstvtype with this type of real estate deal. 

Ricardo Hodgson Properties with Oil Tanks
26 March 2019 | 2 replies

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...

Bruce Ray Investing in the West Texas Market (Heart of the Oil Industry)
17 March 2020 | 7 replies

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...

Alex V. Underground Oil Tank Removal
17 August 2018 | 15 replies

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...

Ivan Shao Oil Tank Remove or Not Remove
2 February 2017 | 3 replies

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 ...

Rachael Lee Underwritter refusal - Heating oil leakage happend in 80s
1 September 2022 | 1 reply

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...

Marci Stein how to verify expenses when buying multi?
9 December 2016 | 2 replies

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...

Spencer Gysi Possible Abandoned Rental Property
1 December 2023 | 3 replies

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...

Sean Boyle Underground Oil Storage Tank - Charlotte, North Carolina
22 January 2017 | 9 replies

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...