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Updated over 12 years ago on . Most recent reply

Peter Fokas's profile image
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Peter Fokas
  • Investor
  • from Ridgewood, New Jersey
  • Member since Nov 12, 2012

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Peter Fokas's profile image
Peter Fokas's profile image
Peter Fokas
  • Investor
  • from Ridgewood, New Jersey
  • Member since Nov 12, 2012
Peter Fokas
  • Investor
  • Ridgewood, NJ
10
Votes |
113
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Multi-Family and Apartment Investing

found out multi-family has UST. What to do?

Peter Fokas
  • Investor
  • Ridgewood, NJ
Posted

Offer got accepted and now in the contract state. It was just disclosed that property has an underground storage tank. What would you do?

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Ned Carey

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Ned Carey
Ned Carey
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  • Baltimore, MD
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Ned Carey
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  • Baltimore, MD
ModeratorReplied

I would use it to renegotiate. If I moved forward on the deal I would figure the cost of digging the tank out as part of my financial evaluation.

  • Ned Carey
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