I’m 13 and my plan is to work from 14-18 and save up money so I can’t buy a 4plex for a good price but I’m also invested in stocks and I am currently sitting at 540$
You're a legend for your age my guy. I was working at 14 at mcdonalds in North Dakota. wish youtube was around back then but it wasn't invented for like 2 more years. and these videos werent' around for like another 8 haha. try househacking my guy. great way to get started it's what i did with my duplex and continue to do now. Up to 3 units already and trying to close on 2 more right now.
I bought my first rental 21 days ago and put it up on the market for rent last night. I am a real estate agent and have been following a lot of real estate channels on youtube but I am a big fan of your content and love the calculator. I think this helps a lot of people out there thank you for what you do.
@@danish2199 It went great just saw original comment due to @MCJ bought another rental since that comment. Now I have 2 properties that are 4 houses total and 7 tenants hope I hit 10 by June.
@@giannyniebla1996 I found a property that I would get 11% cash on cash return. Problem is I don't have money lol, did you use hard money lenders or how did you fund your purchases?
This is really great Chandler! Listening to your analysis on deals you don't buy, to me, are just as important as those deals you do buy. As an investor, not every opportunity is perfect and having experience & knowledge to reject the under-performing ones is key.
Dude, thanks for that calculator app and the way you broke down the analysis in this video. I would really like to see more on break downs like this when you are trying to get the best deals. Thanks. I will have to comment on Kevin and Graham negatively for not coming out with an app for the people (you know Graham won't spend that much money on his coffee, he is not going to throw money on an app ha ha ha).
@@ChandlerDavidSmith I figured but wanted to give the heads up. Thank you for the swift reply! I am in my early 20's based in CO and recently closed on my first rental unit. Your story, channel, and pure hustle has been a tremendous inspiration for me and many others!! Keep up the hard work CDS!
I appreciate the app that you spent money creating, as well as all your videos! They are great. I have been watching RU-vid videos constantly for over 13 years on several accounts, so I can tell that you are putting a lot of time and effort into making quality content for people to learn and enjoy. Again thanks!!
Hey Chandler, I know it’s three years ago you made this video but thanks for doing it and thanks for the calculator! I appreciate you sharing your favorite hobby with us, it actually made something that comes difficult for me pretty fun. I learned much from it!!
I like seeing your analysis and explanation on why the deal won't work for you. I like the detailed reasoning about how you got to the different numbers that you are using as well. People talk about " running the numbers " all the time but having a little more depth is helpful. Keep the vids coming!
Hey Chandler, Would you consider buying a property that is 8 hours away from you, possibly in a different state? How would you manage that? Let the property management company do it? You should make a video on where you've invested and how far the properties are from your home.
I bought my first duplex in seattle where i live. I house hack it and manage it myself. But the real estate market here is so hot and pricey i couldn't buy more properties. I ended up deciding to find the best market i could and went to the midwest which is a 24 hour drive away or 8 hour flight haha. but i bought my 2nd property for 60k a few months ago and i'm looking at a 4plex BRRRR property for 85k right now. Check some of the videos on my channel out talking about house hacking my duplex or buying in an out of state market. I use a property manager and she does a great job. You just have to make sure that you interview them very tough and find a good one. If you can get in a group of investors in the area first and attend their meetings and figure out who they recommend prior to buying that will help. Thats what i did. I piggy backed off of someone elses already functioning team.
Chandler like it a lot! Watching you and Meet Kevin. Upset with my self that I can’t materialize on your openness and kindness. Really good staff. Thanks
Chandler David Smith. Could you make video on what kind of inspections you do after singing the contract on the apartments( Environmental or other special ones?)
Chandler David Smith . Also you had a list of everything you need to know how to buy a first deal. Could you posted again? People will appreciate since some of the videos you maid a year ago, and on the list they play one after another, rather than stop and keep searching. Thanks a lot.
Show us everything, man. I love your channel, your honesty, and everything you have put out that has taught me so much. I admire you a lot, bro. And don't lower your standards. If you want 15, fight for the 15 or find it somewhere else.
Thank you for the CDS Calculator, it is exactly what I have been looking for to quickly analyze deal or no deal 🙅♀️. The only problem is I wished the expenses were a % too, so you can put in the avg % instead of adding all the sellers expenses.
I house hack a duplex in seattle right now and used a 5% down conventional loan as primary residence for it. I'm also trying to buy a 4plex right now in a different market because i like multifamily so much. i'm making a video on the 4plex now but have several on house hacking my duplex. Check it out my guy.
16:22 the property insurance is in the yearly expenses section of the calculator. Who the heck are they used to only have to pay $1,200 a year for property insurance for 12-unit
Chandler, thanks for posting these videos. As a newbie to the business and a data collector this helps my confidence in my own analysis. Thanks for sharing!
Thanks for the app Chandler. I lived in IF for one year in 2004 working @DOE Site INEEL. Tons of snow and Malelueca headquartered downtown. Miss gym the Apple very nice. Love your vids. Your good and keep going bro!
Definitely appreciate the insight into your analysis, even on deals that don’t materialize. So, please keep that up. For a beginner or someone less stringent on the ROI, I think this would have still been a good opportunity for someone, such as myself, even at 4-6% return. Thanks for the invaluable info and the lesson. Btw, came from Stradman but stayed for the excellent information you are teaching.
Yea some people just dont want the headache of managing a property if they sell and take that money and put it in stocks right now while they are down they can 5x + their investment in a few years ! For us We just stick to the low risk investing tangible asset such as real estate. We just submitted a bid for 8 plex and 3 duplex bundle.
Found you from stradman, taking advantage of stock market opportunities currently that will do well and want to find a property next year, I was going to comment what app that is and found your older video that it’s your app! Nice! Downloaded!
How does one buy their first property? I don’t have much and live in Los Angeles, so how would I get started? I’ve been educating myself for the past year, but one thing everyone seems to miss in their videos. Getting the money to get started. Most people cant find someone else to go 50/50 in a property, so how would someone with little experience, little money, a lower income, and average credit purchase their first property?
All of the things keeping you from buying a property are listed. You either need to find a very generous partner or you need to find a way to change those things listed. Find a way to increase your income or start a side hustle
I add bedrooms all the time. Bought a 12 unit 1 bedroom 1000sqft best value add to throw another bedroom in there as they turn over. It cost me about $1200 to frame drywall and install doors and trim and paint.
Great videos Chandler I learned a lot from you. I'm curious what Market are you at since the house you're buying is so cheap. I'm on Seattle Market even in Tacoma and Puyallup houses are getting expensive but there's still opportunities here . Do you also invest out of state?
He buys in Idaho. I work in Seattle and own 1 duplex in Pierce County that i house hack. I had to quit the Seattle market as well it's just too ridiculous here right now. Bidding wars and the prices are obscene. I'm investing in the Midwest and bought a single family home for 60k a couple months ago. I'm working on a 4plex for 85k right now. I have some videos on my channel explaining the benefit of considering a different market if you live in a pricey area like we do.
Can you make a video about purchasing properties out of your state or very far from you for people that are trying to begin to invest early on in life and live in extremely expensive areas? L.A / NYC etc.. Thank you for your time 🙏🏽
I bought my first duplex in seattle where i live. I house hack it and manage it myself. But the real estate market here is so hot and pricey i couldn't buy more properties. I ended up deciding to find the best market i could and went to the midwest which is a 24 hour drive away or 8 hour flight haha. but i bought my 2nd property for 60k a few months ago and i'm looking at a 4plex BRRRR property for 85k right now. Check some of the videos on my channel out talking about house hacking my duplex or buying in an out of state market. I use a property manager and she does a great job. You just have to make sure that you interview them very tough and find a good one. If you can get in a group of investors in the area first and attend their meetings and figure out who they recommend prior to buying that will help. Thats what i did. I piggy backed off of someone elses already functioning team. i don't blame you at all for not being able to buy in your pricey market. its ridiculous out there for some of us. seattle average home price is 736k per house right now
Hey Chandler you’re awesome And your input and info is always so elaborative. I’m just starting off and wanna purchase my first investment property. I have some cash saved up. What should I focus on buying ? Thanks
