I Bought Another Apartment Complex (Step-By-Step Process)

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In this video, Chandler David Smith shares the entire process of buying an 8 unit apartment building. Many people get intimidated by all the steps required in order to invest in real estate. The first step to being ready to buy a duplex is to get pre-approved. In order to get pre-approved for the right amount, you need assets and a high credit score. He also breaks down all the mistakes that some people may make when they are starting out investing in real estate. He also talks about his requirements for making a deal work, and how to get sellers to get you under contract and get the lowest price possible. While price is important, you do not want attempting to make a great deal better get in the way of buying an apartment that will make you a lot of money in the long run.
What you need to do is set your criteria, and take all these steps to maximize your chances of getting the deal. Once you have your minimum criteria, it is okay to push for more, but don't push too hard where you no longer get the deal. Investing in real estate is a long term play, but that does not mean you should not make money short term.
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How Do You Buy Apartment Complex?
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How To Buy Into Apartment Complex?
How Buy Apartment Complex?
How To Buy Apartment Complex With No Money?
How To Buy Apartment Complex Reddit?
How To Buy Apartment Complex In Texas?
Should You Buy An Apartment Complex?
Where To Buy Apartment Complex?
Where Can I Buy Apartment Complex?
Best Place To Buy Apartment Complex?
Cheapest Place To Buy Apartment Complex?
Where To Buy Apartment?
Can You Invest In An Apartment Complex?
Why Buy Apartment Complex?
What Do I Need To Buy Apartment Complex?
How Much To Invest In An Apartment Complex?
Should I Buy Apartment Complex?
Buy Apartment Complex Near Me?
How Much Does A Whole Apartment Complex Cost?
How Much Does Apartment Complex Cost?
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Buying Apartment Complex Vs House?
Is It Smart To Buy An Apartment Complex?
Are Apartments Better Than Houses?
Buy An Apartment Complex?
Buy An Apartment Complex With No Money?
Average Cost To Buy Apartment Complex?
Buy Apartment Complex California?
How Much Does It Cost To Build An Apartment Complex In California?
Buy Apartment Complex Dallas?
Buying Apartment Complex Down Payment?
Buy Apartment Complex With No Money?
Can You Buy Apartment Complex With Va Loan?
Can You Buy An Apartment Complex With No Money Down?
How Much Money Do I Need To Buy An Apartment Complex?
Is Buying A Small Apartment Complex A Good Investment?
How To Get Money To Buy An Apartment Complex?
How To Build An Apartment Complex With No Money?

Опубликовано:

20 авг 2024

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Комментарии : 194

@GreggoryThorpe 2 года назад

I have the course. It's def worth the money

@ChandlerDavidSmith 2 года назад

Thanks so much man! Glad you like it!

@GreggoryThorpe 2 года назад

@@ChandlerDavidSmith Can you add a section about debt to income for commercial properties in the course?

@MetalBum Год назад

@@GreggoryThorpe that’s good idea man.

@xx-knight-xx2119 Год назад

@@ChandlerDavidSmith about to go through the course a second time before I start looking for my first rental. Bought the course when it first came out.

@georgesenda1952 Год назад

How much is the course ?

@shanedawson5982 2 года назад

Love watching this channel. I’m a solar door knocker at the moment. 17 years of age, started 3 weeks ago and closed 5 deals. I’m turning 18 this month, this channel inspired me to go into the renter business. I watched your video on building credit next is pre approvals and rents let’s see how it goes…

@areyougoodbro2187 Год назад

How would an 18 year old even get a pre approval?

@MyTube012 Год назад

@@areyougoodbro2187 Very carefully , with a down payment and a great credit score , etc. and etc.

@Hgvvc170 Год назад

U still doing it how much u make

@keithlovingfoss4651 Год назад

Car sales helped me more than anything in the world. When you knock try to ask the people that say no to solar if they’re planning on selling soon

@rickrjw 2 года назад

I'm going to need to hire an assistant to keep track of all the Super Cars and Multi-Family investments you keep buying! You're on fire! 🔥

@zephyrusalive 2 года назад

Hi Chandler 👋 I have been watching your videos since the beginning of your RU-vid channel! This is actually my first time commenting 😅 but I wanted to say thank you! I genuinely appreciate your content and you as a human. It is evident that you are an amazing person. I know that you have been going through so much lately with negative comments, the stress of building your home, and your wife's health. You are on the right path and have transformed so many lives around you. I am sending warm prayers and positive energy your way 🙏. Be well, Zephyrus

@ChandlerDavidSmith 2 года назад

Thank you so much! This really means a lot to me!

@annmiller7097 2 года назад

I bought my last property in April, it was not affordable, however it is a perfect investment, I spent 700k and it's worth it, now I'm moving profits from stock investment to my real estate portfolio.

@Robertjohnson-qj4vf 2 года назад

That's the goal, keep going!

@christianaroland1538 2 года назад

How did you make good profit from stock? I’m beginner in the world of stock

@annmiller7097 2 года назад

@@christianaroland1538 I work with an expert who assists me, Monroe Horcel look him up

@christianaroland1538 2 года назад

@@annmiller7097 Thank you, i can see his profile here on web, very impressive, he smashed all his state exams

@michealjacob8426 2 года назад

monroe horcel trades my stock entirely from america

@MBBuildWealth День назад

Chandler David Smith’s video is a fantastic guide for anyone feeling overwhelmed by real estate investing. Getting pre-approved and understanding the criteria for a deal can make all the difference. Great tips on balancing deal quality with securing the right investment! 🏢💡

@tylerhalstead255 2 года назад

Another great video Chandler, can’t wait for your channel to blow up! Get some more walkthrough B-roll footage in these types of videos for us visual learners.

@RB-qc2qr 2 года назад

Poor people think about what they can buy with their money, Rich people think about what they can invest in with their money 💰💰💰;

@pressleyfountain8721 2 года назад

The rich stay rich by investing and investing without stopping then the poor stay poor by spending like the Rich but yet not investing like the rich

@Edward-st8qm 2 года назад

Recently,I invested in both stock and Crypto but currently I believe crypto is doing more better !!

@Santos_12 2 года назад

@@Edward-st8qm The best thing to do in this period is to invest in silver and crypto

@chrisgarrick6243 2 года назад

The rich become richer by spending like the poor and investing One stop, While the poor stay poor by spending like the rich yet not making any investment for

@andrescox2329 2 года назад

@@chrisgarrick6243 Most intelligent word I've heard

@acerockollaa 2 года назад

Awesome information. I'm a real estate agent and I'm learning a lot of stuff from you. I hope to be successful like you someday.

@tonireed4308 2 года назад

Outstanding content Chandler...Well done!!! Prayers for your wife sir...Blessings!

@jamalheaden9167 2 года назад

Wow! Chandler thank you for this video. It was very well done and organized. I appreciate your transparency!

@yoseeev8306 2 года назад

Wow wow wow, very descriptive and informative! Great videos, cheers !

@tenplus1025 2 года назад

Nice! Good work Chandler! Getting a couple mobile home parks going….been a huge pain in the ass! But hopefully my equity play will work out

@meetCalvin 2 года назад

Great video... but most agents/sellers won't accept offers from those that haven't even been to the property. Too many bail or ask for more money off after tying the property up for two weeks. Plus, people that see you went back on the market see that as a red flag.

@junevictor8721 4 месяца назад

Thank you for this realistic perspective

@tammybaldwin7420 2 года назад

Love your energy. It's contagious

@Tyler-lt4xh 2 года назад

Unless you're already wealthy the pre approval does nothing. Most people need partners or syndication to buy apartments and when syndicating you can't get a pre approval because you obviously don't have the money.

@stevenroshni1228 2 года назад

For those of us who got the course in the beginning, are we going to have access to the new parts?

@ChandlerDavidSmith 2 года назад

Yes, all of it!

@MikeJones-yr9fy 2 года назад

bro why would u buy a course

@ashog1426 2 года назад

@@MikeJones-yr9fy to learn?

@MikeJones-yr9fy 2 года назад

@@ashog1426 its all free online dont waste ur money on these scammers

@ashog1426 2 года назад

@@MikeJones-yr9fy kinda negative brah. Doesn't seem like a scam to me if you want to get into the field..

@melvinmolina4866 5 месяцев назад

Bro, this is such a great video. HUGE THANK YOU !! GOD BLESS

@simplyasiga6247 5 дней назад

I'm truly interested I starting up my own apartment complex, kindly requesting how to start it up, if you have a list of resources and how to write up a business plan. I'm serious about this venture

@davisgach2659 8 месяцев назад

You are my role model from Kenya 🇰🇪 🎉🎉🎉

@kennethgordon8263 2 года назад

Do we need 66 million views on this video too for compensating the dream home build over budget?

@ChandlerDavidSmith 2 года назад

Wouldn’t hurt haha

@blrbrest 8 месяцев назад

I was going to learn how to make deals, so who is this guy in #1???? 😂😂😂

@astan5326 2 года назад

Love your vids man

@jjl499 6 месяцев назад

Always repaint when tenants leave. Costs $600 well worth it

@mn_ice 3 месяца назад

What are your thoughts on using rental management companies? We are seasonal between two states, so we would need to find a partner who could manage while we’re gone or use a management company.

@andreasconstantinou535 2 года назад

Hey Chandler, can you talk a little more about the relationship with the wholesaler ? did he already have it under contract and assignment you the deal or did you give me a marketing fee on the back end. How does this relationship work with wholesaler ?

@ashog1426 2 года назад

Im in school to get a masters degree once i do im gonna use the extra funds from it to buy some units to rent ouf

@Degengeo 2 года назад

Congrats! Another awesome video! Ive purchased your course and its been very insightful. How do you negotiate when its listed “for sale as is?” Can you still negotiate damages?

@paultexasusa1366 3 месяца назад

Cool man thank you for sharing your experience and your achievement so far

@kostadintoshanov 2 года назад

Chandler David Smith, great business you have.

@musicaluxito 7 месяцев назад

Thank you so much. Two quick questions. 1- How much the wholesaler charge you? 2-How much did you put as a down payment?

@rojagoku25 Год назад

basically u need a loan for the deal find a good deal purchase it manage the property reinvest the money u earn and repeat

@christianhithe 2 года назад

Hey Chandler!! Love this video and all your content. You are seriously one of my favorite real estate investors that I now look up too. Thank you for the knowledge 🙏🏼 Also, in the video you said you could click this link to see how you ran the numbers. What link were you referring too? I didn’t pop up in the video.

@MonteMitchell 2 года назад

Your videos are so helpful. Thank you young man. 🙏🏽

@jinsukspears7484 2 года назад

You have a all resources in the world .. seems like you’re celebrating 🥳

@ConUSMC 2 года назад

Hi Chandler! I understand that if the numbers work then the numbers work, but do you ever ask about seller finance/sub-to from the seller?

@kiriosenterprisesllc.1985 2 года назад

Some of the very best advise Thank you

@elvistesla3179 6 месяцев назад

How do you determine how much you can rent a unit for?

@bradharris7268 Год назад

Hi how I send you deals

@viraltiktoks6844 2 года назад

What’s your bank? How you can do as self employed?

@jimviens-realtor 2 года назад

Is that 15-day inspection period 15 calendar days or 15 business days?

@ryanthepianoman27 2 года назад

Just be positive man. Don’t quit.

@beckygail9454 Год назад

I feel like u glossed over the most important part of how to get preapproved when your just starting.

@kickandblock 2 года назад

Best RU-vid channel

@daytonmiller-investingenth7675 Год назад

Hey chandler. Do you only buy in your own market?? If not how far out from it do you go??

@ahmadjibawi8535 Месяц назад

Thanks 👌

@CadenLeno 2 года назад

Chandler, do you edit your own videos? Love this style and I'm trying to bring it to my own but not very software handy just yet. When starting youtube do you recommend hiring editing out or start doing it on your own at first?

@nolangottliebinvesting566 2 года назад

This is a good video! I'm in the process of doing the EXACT same things. Every investor, especially new investors, should watch this. I had something come up today that might be beneficial for new-ish investors to be aware of. The current yearly tax bill is roughly $6500…However, that was from when the building last sold and was last assessed in 1997 and it sold for $680K...now it will have a purchase price of around $3M and a yearly tax bill of $27K!!!! So roughly 3 units worth of income would be allotted towards monthly taxes as they currently sit. NOT GOOD! Someone might just pull the current tax bill during the due diligence and think that's what it'd be going forward. Wrong. Glad I caught it now!! I'll use it as leverage in a price reduction negotiation. Anyways, good video...real life investor info! I'll watch all the videos now!

@damis2372 2 года назад

Hello. How do you feel about investing in manufactured homes?

@nolangottliebinvesting566 2 года назад

@@damis2372 Not a huge fan. I’m focusing on apartments currently. You could do manufactured housing and make the cash flow work, but it’s not my game. I pretty much BRRRR my investments and w MH it’s tougher to do that.

@taylorsessions4143 2 года назад

Nice catch! I wouldn't have thought about that

@skytom88 2 года назад

Depends on state. In Texas, properties are assessed every year so this wouldn’t be a surprise.

@eagleone8269 2 года назад

Guaranteed this guy got a adjustable rate mortgage.

@robbrownstone 2 года назад

Why would anyone put up with 8 tenants and manage an 8 unit property for 12%? At full rent based on $900/month that's monthly cash flow of only $864. Why would anyone want to do that? One repair and you lost money that month. Long long roads are the kind people die on.

@qunnkristy Год назад

You are absolutely 💯 right

@Mynameisjoof 2 года назад

How do you fund your down payment? Most of us don’t have $200k to buy an 8plex

@zachsimpson2008 2 года назад

Door to door sales. That’s what I do as well.

@twincherry4958 2 года назад

Lol...he's a millionaire!

@tbarcrowe 2 года назад

Cash out refi. Or Heloc.

@nickh2053 2 года назад

The snowball effect.

@trailsloth6956 2 года назад

These properties are you putting these under a llc?

@sfeverett1 2 года назад

650 to 800 or 900 yeah that would sting I wish could see how this plays out

@bscbinks 2 года назад

watched the vid for the numbers and did not get the numbers smh

@hekami7089 2 года назад

Seller watching this video after giving you 50k thinking they saved 40k from the 90k : 👁👄👁

@damis2372 2 года назад

How do you feel about investing in manufactured homes?

@johnnyfive1412 2 года назад

How do you handle setting up the unit inspections? Do you set up the times with the tenants (phone or email?) or you need to go through the current property owner?

@tonyk4236 Год назад

Hi Chandler. I am pleading for your help. I currently own two apartment buildings. One of the eight flats we owe 470k on it and it is worth about 800k. How can I get a second mortgage on it so I don't lose my 3.93% interest rate?

@WinfordStraub 2 года назад

How can I get added to your list? I often come across multi family properties in the St. Louis area as well as the out skirts of Atlanta.

@justinhunte6267 2 года назад

when you get pre-approved are you talking about regular banks such as chase, BoA, etc? or are there specific types of banks investors go to?

@andrewyaadigg 2 года назад

So in these off market deals you keep saying “under contract” are you doing these contracts yourself, are you using a real estate agent or who is doing all the paper work side of things on these off market deals?

@ronnyarvelo7999 2 года назад

Do you have to waite til your fha purchased property turns into conventional before you can purchase another fha

@sandorvarga.6982 2 года назад

Activasion..sucess.HOME.SMART.

@vitusvanc 2 года назад

Chandler, when you say “my criteria is 12% cash flow” do you mean cap rate or cash on cash return? Or?

@twincherry4958 2 года назад

Cash on cash return

@samostap8446 2 года назад

So if I purchase the course now I would also get the revamped version?

@ryanthepianoman27 2 года назад

You don’t need to buy courses

@LuG8911 2 года назад

Does anyone know of any financial institutions that will finance a commercial loan with less than 25% down?

@YourLocalRealtor50 2 года назад

great video

@mpo2900 2 года назад

Hi Chandler, when purchasing single family housing and/or multi family or apartments, do you put any earnest money down when going into contract? If so, how do you determine the amount to do so? If not, why? Thank you so much for all the knowledge and wisdom you share!

@JuancoPRoFlow 9 месяцев назад

Usually one percent of purchase price, but as usual you can negotiate that and put in lower, wherever you feel comfortable at. If you are 100 percent sure you will buy the property do the 1 percent. If not put a lowe amount and inspection clauses and finncing clauses so you can back out and get your money back.

@a1lewis4 2 года назад

What’s your thoughts on str? We’ve been looking at a few beach condos

@saustinspeaks 6 месяцев назад

Are you a pastor or something? You give me that vibe lol. Good video

@Kingdom_Finance 2 года назад

How much was his assignment fee?

@kevinjohn2743 2 года назад

Chandler. Why don’t u become a builder make more money?

@Whoa532 11 месяцев назад

8 units for $800k is crazy.

@Zaclauck 2 года назад

Are you looking for 12% NOI or gross rent?

@youtubecarspottersguide1 2 года назад

do I personally have to qualify for the loan on my income ? looking at 6 units

@ChandlerDavidSmith 2 года назад

This is a better question for your lender. So many factors at play

@Tatianabella45 2 года назад

Start saving for retirement early, so your money has more time to grow.

@kennethporst4359 2 года назад

Pre approved to who and where? Banks? The Loan guy? Who?

@KidCity1985 2 года назад

Is it just me or is Chandler using his sexy voice at the end?

@zephyrusalive 2 года назад

Whoopsie Daisy's! Sorry I posted in reply to you by mistake! Clearly I haven't commented in a while! 😅 But I totally thought the same thing lmao!

@sjinvestors250 Год назад

Nice…

@dayd7892 Год назад

Your course is too expensive for me. 😢

@marksherberg6458 2 года назад

Hey Chandler. I’m seeing about getting your course. You mentioned your improving your course. What can we expect???

@marksherberg6458 2 года назад

Are you going to add more videos on adding value?

@ryanthepianoman27 2 года назад

You don’t need to buy courses. Free info on YT

@tonynotstated695 4 дня назад

3:40. Chandler David Smith network of professionals he built is the reason why he is successful in real estate investing. For the average Joe, even with money, good luck trying to build up this sort of professional network. It takes a lifetime, luck, connections, etc. to really have a go at serious REI's. It can be done but many, many, many will fail. Make your decisions cautiously especially when an expert is trying to sell you on a Real Estate Education course. wink, wink.

@pokedave2948 2 года назад

Would you teach me how to make a great living, for 10% off the top of all my profits?

@user-ru2hf1sg4e 2 года назад

"They already know that Chandler gets Chandler rates" man that was so cringey

@IZRAEL411 Год назад

Look and sound slow

@rossier4022 2 года назад

Mrs. Clarissa is the right person to start trading cryptocurrency with.. she knows her way around the crypto world.. she has been helping me increase my investment every day for over months... She is a genius, have made close to 1btc through her

@susanhenry6429 2 года назад

Wow I' m just shock someone mentioned expert Mrs Clarissa thought I' m the only one trading with her

@susanhenry6429 2 года назад

She helped me recover what I lost trying to trade my self

@alandidio7939 2 года назад

expert Mrs Clarissa she's really amazing with an amazing skills she changed my 0.3btc to 2.1btc

@lucaskurt8326 2 года назад

Mrs Clarissa is obviously the best, I invested $3,000 and she made profit of $30,000 for me just in 7days

@janemena5497 2 года назад

Who's this professional everyone is talking about I always see her post on top comment on every RU-vid video I watched I think I'm interested how can I get in touch with Mrs Clarissa

@catherinedepp8092 2 года назад

Hey, We loved your content. Would you like to collaborate with us on a recently launched project. Hope to hear from you soon!!

@sfeverett1 2 года назад

Wow... that place is not worth 900 or 800 good luck with that

@ricardorodriguesrr18 Год назад

How is it not lol

@Deltadawg 2 года назад

This is click bait. All your videos are about how you place offers, yards yadda, things that a 12 yo would know. You taught nobody anything about how to purchase properties. Be careful, you can find yourself in bankruptcy very fast on these properties. The maintenance on apartments are insane. Good luck, but I am over your click bait tactics. You are talking about things that anyone with a brain cell would understand. I think you give yourself too much credit. You are heavily leveraged, and mountains of debt. That is what people don’t understand about you.

@twincherry4958 2 года назад

He puts down a min of 20%, right...not too bad. Save this negativity, this guy is going through a lot right now that any normal functioning human can relate to. 😕

@perfect478 2 года назад

Honestly you read my mind I was thinking the same thing. After watching his videos for a few months he really ain’t teaching nobody nothing. I wish these RU-vidrs would tell the truth about how much debt they in.