Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
New Member Introductions
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

Updated over 4 years ago,

User Stats

3
Posts
0
Votes
Zaneta Horne
0
Votes |
3
Posts

Taking over my father's business

Zaneta Horne
Posted

My father has been working as a handyman my entire life where he has even invested in some properties, however, he was hit hard in 08 during the real estate crash and has never really recovered from it. I am now conducting research and want to take over my dad's business where the main focus is real estate investment. I am not sure what to do with the properties he still owns in Dayton, OH. The two houses are C properties and and the rest of the neighborhood - to be more specific the street- is selling between $30k-$54k. The most recent home with the same features (SFH, 3 beds and 1 bath, 1008 sqft) sold in that area about a year ago for $33K. It does not appear to be an emerging neighborhood nor receives a lot of traffic. I am not sure if I should rehab to sell or continue to use it as a rental property where my dad is still making $1200 a month split between the two properties. Both properties are paid in full with no mortgage left over. Any suggestions would help tremendously! Thank you.

Loading replies...