Basics of Investing

Question: Real estate question – hot water tank – rent or buy??

What do experienced investors prefer doing following a purchase of a new investment property – rent the hot water tank (around $20 a month) or buy it in order to avoid the monthly rent?

THANKS.

Answer: Almost 34 years in the business. I NEVER heard of renting a hot water tank or heater.

I’m not saying it doesn’t exist, but I would definitely have it done as soon as I financially could.

I would probably use the new technology on-demand heater. It doesn’t make hot water until the hot water faucet is called for.

Cost: Less than $500 – a Little more than 2 years using your $20/month rental rate.

Thanks for asking your Q! I enjoyed answering it!

VTY,
Ron Berue
Yes, that is my real last name!

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