All Forum Posts by: Tyrell Townsend

 Thanks 

 Thanks👍🏾

I'm looking into buying a 3flat building in the Chicago area but the building needs rewiring and updated plumbing so my question is does anyone have an estimate for each individual issue? It doesn't have to be accurate but somewhere in the ballpark all advice is appreciated thanks

@BrettGoldsmith 

Yea thanks I plan on being an owner occupant for a year but I heard you cannot resale property for full retail price I didn't know if that was throughout the ownership of the property or like you stated 30-90 days thanks this is my first investment property

Hi 

My fellow biggerpockets memebers I have a question on the legalities of resaling of a short sale deal. So I'm in the process of purchasing a triplex with each unit having 3bd 2bth for 75,000. It's in "ok" condition but is in liveable conditio but I plan on rehabbing the property at resale price the comps are 300,000 in that area should I keep as a rental or resale ?? The units are renting for 800 now but after rehab they will rent for about 1300 dollars a month And also I'm using an FHA loan with 10% down. Any advice is appreciated :)

When looking for a real estate attorney for wholesaling purposes what are some of the questions I should be asking or is having an attorney even necessary?? Any advice is greatly appreciated thanks in advance

@Dev Horn Hey thanks for your knowledge and insight of the business and yes i'm not just limiting myself to only wholesaling but just want to use it as a starting kit on my REI venture and also use it as a learning curve because there is alot of things to this business that I will have to learn with experience (i.e. the exit strategies that you suggested). Thanks again for taking the time out and lending sum of your knowledge i appreciate it.

Thanks to everyone for all the positive responses I am a little more motivated after hearing from you guys I understand that nothing comes easy so I am prepared to get out there and start working hard. Thanks again i'll be updating my progression in the near future and wish everyone nothing but success on their journey as well.

@Vince Beusan  @Jon Huber  @Samantha Lotti