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All Forum Posts by: Tommy Calkins

Tommy Calkins has started 7 posts and replied 13 times.

Post: Any advice for someone starting off in chicago??

Tommy CalkinsPosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 19
  • Votes 11

Names Tommy, I’m 22 and I’m from N Chicago.

To give a idea on where I’m at ... I’m currently reading Brandon turners book “The book on rental property investing” I read the beginners guide, ive been watching the weekly webinars for about 3 months and also listen to the BP podcast daily. Working a lot and saving as much as I can. I’m in the labors union, local 4. Also I’m blessed to have a dad who let’s me still live at home to save all the money I make to invest.

My end goal is to be able to quit my job and be a Full time real estate investor. When I make about $7,000 a month through my rentals will most likely be when I’ll be able to do that.

I’m leaning towards a house hack on a multi family in a decent area for my first property. If anyone has some advice or some knowledge they’d like to share I would really appreciate it! Thanks!

Post: Turning a single family home into 3 units?

Tommy CalkinsPosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 19
  • Votes 11

@James Wise thanks James!

Post: Turning a single family home into 3 units?

Tommy CalkinsPosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 19
  • Votes 11

My name is Tommy I’m 22, from Chicago and brand new to real estate. My dad and I were talking about finding single-family home that we could turn into three units. So a basement big enough to put two bedrooms and a kitchen. the main floor two bedrooms and a kitchen and the third-floor one bedroom and a kitchen. We would look for a single-family house that already has the main floor ready to rent out as a two bedroom. And if the house is big enough to do something like this. We are both carpenters so we would do the work ourselves he thinks it’s a really good idea. Does anyone have an idea on if this would be a good move for me as a first deal? Would really appreciate all the help I can get!