Experience removing an in ground oil tank
Happy Monday BP Community,
I wanted to see if anyone had an experience rehabbing a property with an in ground oil tank. I am looking at a house that most investors are scared to touch because it has an in ground oil tank in the backyard.
I've done some preliminary research and seems like people are scared for good reason. No idea if the tank has leaked and then it seems like the EPA would get involved. The entire removal could be a nightmare.
I was considering asking a couple companies to try to go on site and give me a hard max quote of removing it. Not sure if they will do that because I guess you don't know until you dig and see whats going on underground.
Any recommendations or feedback would be great.
The comps are extremely good for this property but need to make sure I don't rush into something like this and then spend $50,000 to remove it and treat the soil, etc.
Thanks.