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Rehabbing & House Flipping

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Kris Rasmussen
  • Investor
  • Westwood, NJ
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28
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oil heat

Kris Rasmussen
  • Investor
  • Westwood, NJ
Posted Aug 9 2014, 06:16

Hey everyone,

So I am close to putting in an offer on a house near me here in NJ, if all goes well this will be my first flip.  All in all the house appears to be in pretty good shape, it needs a new bathroom and kitchen as well as some freshening up (new windows, painting, floor refinishing, etc.). 

One question is what to do with the furnace.  It has a reasonably new oil boiler (~10 years old) with an oil tank in the basement next to the boiler that appears to be around the same age as the boiler.  There also is gas piped to the house for the hot water heater and the kitchen stove.  The question is should I retrofit/replace the oil boiler for gas and remove the tank or leave things as they are?

Thoughts?

Thanks,

Kris

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