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Buying My First Four-Plex (update) 

Chandler David Smith
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In this video, Chandler takes a blast to the past by showing us the very first 4-plex he ever bought. He dives into all of the juicy details by crunching the numbers of current rents, expenses, and how he distributes his cashflow. It’s important to analyze the positives and negatives that have transpired over the years so as to learn from the past and make appropriate changes if necessary. As with most investments, there are always improvements to look at. However, like many investments, there are so many things to celebrate as well! This property is definitely one that has generated an amazing ROI.
Investing in real estate for the last 10 years, Chandler David Smith currently owns over $25 million worth of rental real estate. During this time, he has had some great experiences being able to share his passion alongside his family and buddies. He has seen them absolutely crush it when it comes to the investing and sales world. More importantly, he has been able to share his expertise with others and learned invaluable lessons along the way.
Chandler dives DEEP into all of the ins-and-outs of his very first investment property - how we was able to close the deal, the financial details, his cashflow past and present, and what the future of this property looks like for him. Keep in mind that there are A LOT of unknowns when you take a step into the real estate world - things fall through the cracks and honestly, anything could happen. But - this is life! When you take the proper steps that Chandler teaches here, you CAN mitigate your chances so that you will be taking the smallest risk with the highest return possible!
Get $50 off my new Real Estate Investing Course! Use coupon ( 50OFF ) Go to:
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Check out some other videos if you want to learn more about investing in real estate, building a huge passive income, or preparing for your own future home.
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11 сен 2024

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Комментарии : 54   
@patrickwiita7520
@patrickwiita7520 Год назад
Great video. Is good to see the emotional aspect of realestate investing. Earlier today, I stopped by the 1st house that I ever bought. I purchased it 21 years ago, and lived in it for 10 years as I slowly transitioned it to the nicest house on the block. I still own it to this day as a rental property. Its just a tiny 1BR "grandma house", but for 10 years it was my own little castle. Pride of ownership is a beautiful thing.
@kiwiflare
@kiwiflare Год назад
Don't use your phone while driving man...super bad look
@thenewwayhome
@thenewwayhome Год назад
This property looks more updated than the last one you checked up on. But both are nice homes just need some updates. Wonderful tour, Chandler!
@fulllifeadventures
@fulllifeadventures Год назад
Love this series guys! Thank you for doing them 👍🏼 I appreciate the fact that you take your time to go through the numbers 👍🏼
@jadomination4000
@jadomination4000 Год назад
Looking to buy my first duplex up to four plex (fha loan limits) within the next year in Idaho. Thanks for all the great tips so far.
@MillennialMike
@MillennialMike Год назад
DUDE this is the way my man. i started 4 years ago with a househack duplex in seattle and now i own 10 rental units total. and putting an offer on a triplex tomorrow. best of luck stud love to success out there
@ryanthepianoman27
@ryanthepianoman27 Год назад
how did you end up?
@Mayitos_vlogz
@Mayitos_vlogz 7 месяцев назад
How it go
@jadomination4000
@jadomination4000 Год назад
Going forward can you mention what the property initially rented for vs now? Idaho inflation has been crazy lately!
@MillennialMike
@MillennialMike Год назад
inflation has been wild lately. when i bought my duplex in 2018 in the seattle area it was at 1600 per side, now it's 2150 and i'm under market so i can pick top tier tenants. inflation is wilding bro
@dstivers06able
@dstivers06able Год назад
Do you find that your renters prefer carpet or vinyl throughout the units? Which is better as an owner…replacing carpet as needed or investing in high quality vinyl? I personally hate carpet but my husband are going back and forth on which is the best update to make for units.
@MillennialMike
@MillennialMike Год назад
in the 10 units that i have i only want carpet in bathrooms. i like having luxury vinyl plank elsewhere or in a lot of my rentals i have old school hardwood floors and they are beautiful
@EdFloable
@EdFloable Год назад
So he invested 47k and it took almost 4 years to get that downpayment back? Am i doing the math wrong or is he making more out of this property. I mean 12k a year and all you do is keep it maintained and collect rent doesnt sound bad.
@naturallyhooked
@naturallyhooked Год назад
Your videos are awesome! Thanks so much for the breakdown! Really not that complicated 😊
@YungBapacito
@YungBapacito 11 месяцев назад
can you update the app for newer androids, please?
@tysone1254
@tysone1254 Год назад
Hopefully I can live with my parents until I can find a decent deal on a four-plex to house hack. Thankfully I got a few years so the market can work itself out!
@svestrial5997
@svestrial5997 Год назад
I am looking for fourplex as well. Don’t know where to start 😢 I am trying to gain some knowledges so that I don’t make the wrong decision. That’s why I am digging some RU-vid videos
@tysone1254
@tysone1254 Год назад
@@svestrial5997 Yeah I have still been doing more research and check for new sales in my target area a couple times a week.
@svestrial5997
@svestrial5997 Год назад
Really good video👍 Thanks for the break down
@wyattbarry4786
@wyattbarry4786 Год назад
I just started following you and just started taking interest in buying my first income property. I noticed the idaho plate? Do you have most your properties in the state?
@linhdoan7925
@linhdoan7925 Год назад
Do you manage them by yourself or you hire management company to deal with tenants?
@MillennialMike
@MillennialMike Год назад
i manage my househack duplex i live in but all my properties at a distance i use a property management company
@bradhaughton6698
@bradhaughton6698 Год назад
So after seven years of owning this first property are you going to make any improvements or upgrades to make the tenants lives a little easier and more comfortable not too comfortable. I would recommend you consider installing energy-efficient stuff into a seven-year-old rental unit like solar panels that kind of stuff I know it's expensive but definitely worth the investment.
@jamessandifer3579
@jamessandifer3579 Год назад
Fantastic video keep them coming
@RagnarLothbrok2222
@RagnarLothbrok2222 Год назад
Good stuff buddy 👍🏻
@andyrue2604
@andyrue2604 Год назад
What would your numbers be if you had property management?
@MillennialMike
@MillennialMike Год назад
this is a great point. property managers take 10% of gross rents but in most cases that is actually nearly 50% of your profit
@realzachsmith
@realzachsmith Год назад
​@@MillennialMikehow so? How does that breakdown to being so much of net?
@trailsloth6956
@trailsloth6956 Год назад
When you run the 24% does that include lawn care etc?
@migueltrejo3731
@migueltrejo3731 10 месяцев назад
thats awsome bro
@georgeson21
@georgeson21 5 месяцев назад
How come you only add three rent income while it’s quadriplex
@ivanhuertadelavega3724
@ivanhuertadelavega3724 Год назад
What happened to Chandler Smith? It's been a while since he last posted.
@KOOLMEMER
@KOOLMEMER Год назад
It's a month later but his wife was dealing with cancer I believe. She recently passed away..
@Zach_breen
@Zach_breen 4 месяца назад
I just don’t understand how someone has 47,000 in liquid cash to put down as a down payment 😂😂😂 I hope an FHA will approve a 10,000 down payment
@justinhaller2055
@justinhaller2055 9 месяцев назад
Is that your white Porsche Panamera?
@Nionix123
@Nionix123 Год назад
That the guy who owns the property has a 300k car wearing patagonia and shells out high rents for this piece of crap complex
@roberuto126
@roberuto126 Год назад
more videos like this
@deepparmar4518
@deepparmar4518 Год назад
The fact that you did all the math while driving. 😆
@yourmomma4423
@yourmomma4423 Год назад
In the real market....
@BradSabako
@BradSabako Год назад
He didn’t include both mortgage costs, into his ROI Calc. That probably would add 17,000 to his $47k DP. ROI is lower.
@ChandlerDavidSmith
@ChandlerDavidSmith Год назад
What do you mean both mortgage cost? There’s only one mortgage and that expense included the taxes and insurance.
@BradSabako
@BradSabako Год назад
@@ChandlerDavidSmith he refi’ed it again
@Pbofficial743
@Pbofficial743 Год назад
@@BradSabako that’s not how a refi works. You only have one mortgage.
@BradSabako
@BradSabako Год назад
@@Pbofficial743 geez, RE-watch his comments. He bought it the first time and put a rate and term mortgage on it, then he refi’ed it to get a better interest rate. That’s two times he got mortgages, hence my comment. 25 years in lending and RE here, I know how it works!
@ljpfeif
@ljpfeif Год назад
@@BradSabako please tell me you're trolling and you're not actually this dumb. When you refi you pay off one mortgage with the new mortgage so you still only have 1 mortgage but now the rate is cheaper. All those years in real estate and you still don't know what you're doing?😂
@Vahallainvesting
@Vahallainvesting Год назад
cow that got cash
@yeetshar2515
@yeetshar2515 Год назад
1st comment!!!!
@MagnusDolph
@MagnusDolph 9 месяцев назад
Click bait😅😅
@dman8557
@dman8557 Год назад
expense ratio is usually around 50 percent, how is yours 27 percent? who pays all the utilities?
@ChandlerDavidSmith
@ChandlerDavidSmith Год назад
That’s including taxes and insurance. Those are included in the mortgage portion, tenants pay utilities.
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