Two real estate professionals discuss a deal where the parties are ignoring an environmental impact study. Speaker B pushes back, stressing it's actually critical. Proper environmental inspections before closing aren't optional.
Did you see the deals today in The Deal Room?
They just ignored it. They're like, oh, no big deal. Guess what? It's a big deal.
Environmental impact studies and inspections have got to be done.
So if you know the history of it, I'm here ready for this. Tracy, you'll love it. What we're going to do is we're going to go out and we're going to draw a line across the back of the property and we're going to divide the property. It's 34 acres. I'm going to go to the extent of the last tech line where they checked it for soil, and I'm going to put the survey line right there, the property line right there, and turn the vacant land in the back— that's him— into the property that we buy. And then he has to give us the, the big building with the other acreage for $10 cash.
