All Forum Posts by: Richard Delbeau

Hello everyone,

I recently came across an opportunity with my dads house and I’d like to get the perspective/guidance of more seasoned investors.

My father, is getting sick and is giving me the opportunity to take over ownership of the house in Miami, FL.

Currently the house is work $320,000 and he owes $180,000 on the House.

I'm wondering if I should take over and rent out the rooms, while utilizing the available equity to apply the BRRR method. Or, start from ground zero and sell the house and start from scratch with the monies made from the sale.

Thanks in advance,

Hello everyone, I recently came across an opportunity with my dads house and I’d like to get the perspective/guidance of more seasoned investors. My father, is getting sick and is giving me the opportunity to take over ownership of the house in Miami, FL. Currently the house is work $320,000 and he owes $180,000 on the House. I’m wondering if I should take over and rent out the rooms, while utilizing the available equity to apply the BRRR method. Or, start from ground zero and sell the house and start from scratch with the monies made from the sale. Thanks in advance,

Hey guys, thank you for the feed back, I really appreciate it. The bid ended up closing at $108,500 to another user. 

I'm completely new to this and I'm trying to learn, but again I posted this for feedback and ideas. 

I recently got my realtors license and I'm just trying to be as actively involved as possible instead of sitting on the sidelines talking about it.  

Good morning, 

I recently put in my first bid towards my first potential investment property in Miami Florida.

The property is a 2/2 condo listed at 1100 SF. My bid was beat and it is currently set at $103,500. So far comps in the area sold for $110,000.  

The property does need work and I was able to get my neighbor, who's a general contractor, to come with me and access the property. So far he estimated $15,000 worth of work on the mid to extreme side. 

I'm just tossing this out here as my first step out of my comfort zone. Ideas, opinions, options, and analysis' are welcome. 

Thanks,