Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

23
Posts
0
Votes
Eric C.
  • Ridgewood, NJ
0
Votes |
23
Posts

Marketing Lead w/ Oil Tank Contamination

Eric C.
  • Ridgewood, NJ
Posted

I have a lead from a marketing campaign that apparently has an underground oil tank (or possibly even two!) and there was apparently "some leaking". I asked the owner if he had any docs from the inspection when this was discovered. He said he would have to look but he remembers it being quoted at 10-14k to repair.

How should I handle this? I like this deal, because I feel most people are going to turn away from this. Plus the guy wants to move out of state asap. So it has good negotiating potential.

Should I get a quote from a professional at the risk of wasting a few hundred dollars? Should I just negotiate with a worst-case scenario picture, and what would that be - 40k 60k?

Thanks!

Loading replies...