All Forum Posts by: Gordon Burwell

 The family member is wanting or hoping to turn the equity into a portfolio with an income stream. They do not however have the knowledge, credit score, or physical ability anymore to fix or get into real estate. They assume adding my name to the deed would make it a better position for me to leverage the house when talking to lenders.

 The family member is wanting or hoping to turn the equity into a portfolio with an income stream. They do not however have the knowledge, credit score, or physical ability anymore to fix or get into real estate. They assume adding my name to the deed would make it a better position for me to leverage the house when talking to lenders.

I

Hello all, I have a family member that has a decent property 4bd 2b  2 car detached garage on about 1-2 acre value is around $230–250 and if cleaned up and in perfect condition $300+.  Now the property is free and clear no liens on it.  The family member has expressed interest in adding my name to the deed so I or WE could use it to invest in real estate.  Excluding the debate about getting into business with family.  What are the downsides or risks that I would be taking by doing this?   Thank you hope to hear from you.

Hello!  My name is Gordon Burwell and I am a budding real estate investor in Indiana, close to the Lafayette and surrounding areas.  I've always passed abandoned or derelict properties and wondered what is the story behind it.  My priorities have shifted the last few years, and I have decided to get into the real estate market as I see as the greatest way to achieve ones goals in so many different ways.  My current thinking is Buy and Hold with flips along the way.  I am very open to ideas and thoughts changing and not stuck on one particular area or strategy till I learn quite a bit more.   I hope BP and the community to help me on my journey into real estate, I cant wait to hear and learn all I can from other members on hear.  I hope to connect with you!

Thanks,

Gordon

Hello!  I work in Lafayette now and commute daily. When you say smaller towns and communities do you specifically mean Lafayette,or surrounding areas as well? 
I ask because to most Lafayette is the city and when talking north of Indy.  Lafayette is gonna be about the biggest city/town for quite awhile, Especially with Purdue being there.  That being said they continue to building factories and warehouses and bringing jobs in.  And I also feel like there are under developed areas in Lafayette that could need to be improved.  

Hey my first keyword alert!  I would say you’re actually pretty spot on in your assessment of the Indy metro areas. Broad ripple and fountain square have come a long way like you said.