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Updated over 2 years ago on . Most recent reply

User Stats

8
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0
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Dennis Osendowski
  • Lender
  • Swedesboro, NJ
0
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8
Posts

Oil tank/ Leased Solar panel

Dennis Osendowski
  • Lender
  • Swedesboro, NJ
Posted

Looking to purchase my next home(buy and hold). I have narrowed it down to 2 homes both below market value and just needing updating.

The first house has oil heat. Doesnt seem to be any issues, but I have not dealt with oil yet. Anything to be concerned with here?

The second house has solar panels leased through Tesla at $50 a month. I have not dealt with solar panels either. Is there usually any additional costs besides lease payment(ie maintenance/repairs)?

I plan on living in the home for about a year and then renting it out. Anything I should be concerned with or should budget for when purchasing? Also any concerns with solar/oil when renting to tenant?

Thank you!

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