All Forum Posts by: Curtis Deckard

I need some advice.  I have always wanted to purchase an abandoned 18 unit apartment complex in my hometown.  Now it is up for sale.  The building looks to be in great shape.  It will need 18 new furnaces and all new wiring since it was stolen for the copper.  Does anyone have any ideas/suggestions on how to get funding for this?  I would love to find some government grants or low-cost loans because our town needs good quality rentals.  Any help would be greatly appreciated.

@Levi T. Thank you.  I will get started tomorrow.

@Levi T. how hard is it to set up an LLC? Does it take a lot of money? I really like that idea.

These are all great ideas.  I appreciate all the input.

@Brent Coombs I am her heir. The plan was for her to either buy it outright or put down %20 and make the mortgage payment.  @Account Closed I like that idea.

Hi all.  I need some advice.  I have been trying to get my real estate investing started and I just seem to continue to sputter.  I do have one unit and that is doing fine.  However, I had a private investor whom has access to plenty of money that she wants to invest to help me get my real estate off the ground.  She actually brought me a couple properties that could be great for both of us.  My question is, what is the best way for her to help and both of us make some money.  I've thought about having her pay cash for them and I pay her like a conventional mortgage or making the down payment and having me just pay off her down payment with interest.  She is 78 so a 20 year payment would not work.  She is family so trust (in this case) is no problem.  Anyone have some advice or ideas that are "out of the box"? I'm looking for anything that will help me and make her a little money also.  Thanks in advance to any ideas.

In IN it is not required to let the future tenants know about the property.  Good news is that the lady that asked for a reference had a tenant that needed a bigger house.  Looks like we'll make a swap.  

I guess I didn't make myself clear.   I am letting her go but I've never had a tenant break a lease.  I also forgot to mention she's not out of suspicion yet either.  It's just a mess right now.  I was not planning on being 'that guy'.   

Hey everyone.  I need some advice.  I have a renter who is going to break their contract which they just signed in January.  It is a year contract.  I was contacted by a manager at an apartment complex looking for a reference.  I was blindsided by this. Here is the issue.  Last month, a child of her live-in boyfriend died in the house.  The child had just turned two.  To add to the horror, the boyfriend was charged with murder of the child.  Now she says that she just can't live in the house.  I completely understand this and want to help but I also need to keep income coming in because this is my only rental.  Also, I need this rental to help with the carrying cost of a new flip house I just got an accepted offer on.  I know that she will lose her deposit but what other things can I do to protect my investment without being an *** of a landlord?  Any help and advice would be appreciated.

Thanks for all the info and ideas.  I just got an accepted offer on this house.  I hope it all works out.  I will still take any advice anyone has.