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Which Rental Property Should You Buy First? | Real Estate Investing

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This video was made to help new real estate investors know where to start and what property to buy first.
Chandler David Smith has been investing in real estate for the last 7+ years. He currently owns 99 units of rental real estate and cashflows hundreds of thousands of dollars each year. He created this channel to help other new and experienced investors build their own real estate portfolio and a huge cash flow that comes with it. In this video, Chandler breaks down what he would buy first if he had to do it all over again. He helps new investors understand the pros and cons of living in their first investment property. This video will help you to know what your options are and which path will be best for building your real estate portfolio and cash flow the quickest.
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Опубликовано:

21 авг 2024

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Комментарии : 642

@ChandlerDavidSmith 4 года назад

What are you going to buy first?

@henrycollins2478 4 года назад

My budget is $500, so a box Edit: 5 boxes

@Brandon_S_ 4 года назад

Henry Collins you can make a dolls mansion with those boxes 😹😹

@Brandon_S_ 4 года назад

Chandler Do you have partners ?

@mirandasi8302 4 года назад

A porsche

@ryanandersonn 4 года назад

Buying a duplex with my wife next month to house hack!🙌

@paolokoch1123 2 года назад

I have always been fascinated by investing, but without adequate knowledge on the right thing to do, I find it difficult to start. *I politely ask, what’s the best sector to invest in?*

@miacordelia6367 2 года назад

It is entirely possible for a smart and patient investor to go into investing with the right information. One of the best ways to get started is to get help from an experienced Financial Consultant . I've been investing since *2015* and I'm extremely happy with the returns I get working with my investment advisor; * Hamilton Phoebe Zoe*

@paolokoch1123 2 года назад

@@miacordelia6367 I am very interested in this information and I've some money sitting idly in the bank with that I can start investing without further delaying, If you don't mind How can I get in touch with your professional?

@miacordelia6367 2 года назад

@@paolokoch1123 As to get more details about my Investment Professional; *Hamilton Phoebe Zoe* easily do quick internet research where you can easily write her from, do your research with her full names mentioned.

@paolokoch1123 2 года назад

I'm delighted to engage in this opportunity, I just found the professional's web page and have already written to her 👍

@sophiamichael9783 2 года назад

I'm glad I stumbled upon this. My wife and I works with Phoebe. Before now, we spent more and saved less. Phoebe changed that mindset and gave us a way to generate money investing in the financial market. Working with Phoebe, opened our eyes to a lot of investment opportunities, which in turn, helped us become less dependent of our earned income.

@easymoney4030 4 года назад

Duplex first! Live in it, flip it. Rinse and repeat! Great video!

@Fernandezparker2 Год назад

OMG!! This transformations is absolutely amazing!! I newly started Bitcoin trade and I've been making losses but recently I see a lot of people earning from it. Please can someone tell me what I'm doing wrong

@bayardocamilo2191 Год назад

Why are you trading on yourself, do you love making loses, if you keep trading on yourselves you will never benefit from it

@Rhoder Год назад

Trading on your own Is't good, Actually it's not all about watching several tutorial videos that cost your time on a strate...

@hectorgregorio1010 Год назад

The most common mistake I see newbie make is rushing into trading without seeking for a legit guidance.

@wilderjoaquin44 Год назад

That's is true, you need an expect broker and professional trader to handle your trading and make good profits from your Bitcoin trade.

@victoriathomas1343 Год назад

@@wilderjoaquin44 How can someone know a professional acct manager that is trustworthy and legit they are hard to find this period

@RobinTaylorMusic Год назад

Another option if you can't live in the property and want to put as low as 5% you can do the Fannie Mae Family Opportunity Mortgage and buy a duplex for an elderly parent and it would be considered 'owner occupied.' Would love to see you do a video on this example as this is something I'm considering.

@davidchinnelson4402 4 года назад

Investment is the way forward and the way up.

@davidchinnelson4402 4 года назад

Till this moment, human beings fail to understand the actual difference between the rich and the poor.

@davidchinnelson4402 4 года назад

The rich invest while the poor save. An investment made today will definitely be a life changing one in the nearest future.

@jonsewolf8548 4 года назад

Hey Vanessa, you're right. The best idea about money is; make it, invest most of it and manage whatever remains, expecting huge returns in the nearest future.

@benedictstefan6559 4 года назад

I agree with you guys, investment is the best idea. But I don't think that investing in real estate is nice idea, investing in Bitcoin should be a better option

@danielclinton4681 4 года назад

Hi Gabriela, why do say so?

@GrassMonkeyLLC 4 года назад

chandler you are the man !! i love your videos, i am selling two mobile homes next week and they are using me as the bank so i am getting 25k down and 1150 a month for 10yrs plus i have a landscape business, no wife and my kids are grown so its just me and my dog and i am now looking for 4 plex or less so i can house hack for the next few years.. keep up the videos man i absolutly think your awesome !!!!

@ChandlerDavidSmith 4 года назад

You’re killing it! Thanks!

@user-wm5ys3bn7o 2 года назад

I’m not gonna lie trading with Mr Michael Puma have really help me a lot. with his strategy and predictions are so accurate that I made $50k on my previous trades, Reach him for help on the email above my comments, I recommend him for newbies and for anyone seeking for help in trading.

@GregActonCPA 3 года назад

My first property was one with a studio apartment in a separate building on the property. Turned it in to an Airbnb and it has done amazing!

@876Millz Год назад

I was thinking about getting a condo 2 bd 1 bath and do the same.

@GregActonCPA Год назад

@@876Millz That's awesome! I would suggest it if you have the ability and the rental demand. It has been such a blessing in my life to have the Airbnb to start investing in real estate. Let me know if you have any questions on starting an Airbnb, I'd be happy to help!

@TheFasterFreedomShow 4 года назад

What you invest in should depend on what your end goals are!

@ChandlerDavidSmith 4 года назад

True!

@crileymane 4 года назад

Just bought my first single family. 35% under market(off market deal through a connection I built) . 25% down. Great area. Currently a tenant is in there, out in a month or two plan on putting 12-14k into it expecting to find other things thatll bump it to 18-20k which is fine. Then will move in and should be ready for another 25% down on the next one, next year! Love the channel, app rocks too.

@ChandlerDavidSmith 4 года назад

Yes!!

@user-wm5ys3bn7o 2 года назад

@karmasutra4774 2 года назад

How did it go?

@crileymane 2 года назад

@@karmasutra4774 Good I ended up spending 38k on the remodel. With total purchase price and remodels and what it is worth today im up 140k. Market softens and drops 25% ill be up 100k. Looking for a bigger home if a deal arises. Did a cash out refi have 18k left invested in the house of my own money. 3% rate. When we get our next house we will be making 30-35% cash on cash for cash flow + equity paydown when it’s rented. Thanks for replying was nice to look back and reflect!

@totallynotme8401 Год назад

@@crileymane Hello, have you put any % down on a new property?

@jakubadamowicz 4 года назад

Great idea is to contact a local realtor that has experience with homes in the area you want to invest in. Have them give you their feedback, we will do it for FREE! Great video for those trying to get into real estate.

@ChandlerDavidSmith 4 года назад

Great advice!

@mansardmanor3869 4 года назад

*Wait not such a great advice* Look for agents that work with only investor and know their needs. Ask them: what is a 1034? & How do I use it.

@jacobvashchenko7687 Год назад

I think another important thing to keep in mind… especially since I’m using your calculator now… LOOK AT THE TENANCY AGREEMENT IF THE PROPERTY IS CURRENTLY OCCUPIED BY RENTERS. Adjust your numbers to what’s written down. I nearly got locked into what seemed to make sense on paper but when I looked at the contract that I would assume as the owner/landlord, I realized I was paying 100% electrical for 2 units for the next year. And those tenants were using electricity like an ATM machine. Don’t assume a poor contract. Read EVERYTHING!

@mydailyburger3924 2 года назад

The smile that you have while talking is very encouraging to see! You're very inspiring!

@marlonc1000 4 года назад

Came from thestradmans channel, stuck around for the real estate advice. Keep it up bro

@ChandlerDavidSmith 4 года назад

Awesome! Thanks!

@justagiraffe2868 4 года назад

I feel like you should apply to be on The Graham Stephan Show. Not only would Graham appreciate the convo with you, but it could be an effective method to growing your channel further

@rachelmorrow9042 4 года назад

yas they'd have so much fun chatting!

@GrowYourWealth101 4 года назад

Hi Chandler. I am currently checking what property i should buy. So your video came to a perfect time. Thanks for that. :) Cheers Jannis

@ChandlerDavidSmith 4 года назад

So glad I could help! Congrats!

@GrowYourWealth101 4 года назад

@@ChandlerDavidSmith :)

@4udesiboy 4 года назад

I watched lots of real estate videos but your videos to the point and so clearly explained. I love your videos. Thank you so much

@ChandlerDavidSmith 4 года назад

Thanks so much!

@jeansttil2110 2 года назад

I have 100 thousands in my portfolio and over 50 grand in my saving can I start with a quadrudlex with Uber and Lyft as income?

@floydchusset3143 2 года назад

Greetings from Houston , i have been able to build a good income by trading during the Pandemic till date with the Help of an expert advisor i met in a Tesla conference where Elon was present

@adamweah8037 2 года назад

Who is this advisor ?

@sandrawilson1966 2 года назад

@@ashwinaditi1039 Yes they do actually , I am a Nurse I started using a financial advisor last year, my total portfolio then was worth around $48K and is now currently over $110k with the latest Tesla bull and other trading assets

@floydchusset3143 2 года назад

@@adamweah8037 Helen Howard Pratea is the advisor who mentors me you can get in touch with her and book an appointment with her from her website, by looking her full name up on the web .

@reynoldscf95 2 года назад

I recently purchased my first home and have been trying to figure out how to purchase an investment property... your advice to purchase another one in a year IS SO TIMELY. I am looking for roommates now, but can purchase again in a year and do it over and over and over again. THANK YOU FOR THE IDEA.

@user-wm5ys3bn7o 2 года назад

@deadcell1 2 года назад

I would have purchased a duplex, live on one side while renting out the other to pay my mortgage. After a while of saving, I would have purchased my first home and let the income from the duplex pay my mortgage on my home.

@reynoldscf95 2 года назад

@@deadcell1 what if your market/location doesn't have many multifamily homes? that was definitely my first and ideal option, but sometimes you're not dealt the hand you want.

@deadcell1 2 года назад

@@reynoldscf95 There aren't very many multifamily homes in my location either, that's why we are considering purchasing land and building a fourplex. I want to wait until 2023 so that way I can offset my tax liabilities from the sell of my stock and crypto assets from the land acquisition and construction cost.

@MysteryBop 4 года назад

What else do you tell the realtor when you are interested in that 4-plex? "If it fits your numbers", yes. But in terms of numbers do you give them only CoC return? Or also a purchase price range or additional numbers.

@ChandlerDavidSmith 4 года назад

I give them my spreadsheet and show them the desired coc return I want with a 25% down payment. At that point I’m willing to look at anything they give me that meets those requirements and narrow it down from there

@MysteryBop 4 года назад

@@ChandlerDavidSmith Ah makes sense. So basically they can input all of the details such as purchase price, market rents, insurance, taxes etc. for you and then you can just review your own filled out spreadsheet when they come calling. Super smart Chandler, thanks for clearing that up!

@marianarico2407 4 года назад

This is one of your best videos. Right on time for me. Thank you!! Love your channel

@ChandlerDavidSmith 4 года назад

Thanks so much! Good luck!

@williamkim599 4 года назад

Hey Chandler! Could you make a video on estimating costs to make rent ready? I'm having trouble figuring out how to correctly estimate repairs in some of the properties I'm looking at. Great content as always, thank you so much!!

@charlesg7926 2 года назад

Become a remodeling contractor! Then you’ll know. Otherwise, you should be smart and stick to ready-made homes with no issues

@CaseyBurnsInvesting 4 года назад

Tools of Titans is taunting me on your bookshelf. One day. Tribe of Mentors as well.

@ChandlerDavidSmith 4 года назад

Awesome books. Recommend them both!

@kylegrimm 4 года назад

Both of them are awesome!

@Unknown-yc3nc 4 года назад

I was thinking the same thing, I just finished Never split the difference by Chris Voss, Great book in my opinion.

@lolaharrison54 2 года назад

I can’t stop thinking about the irony and insanity of Elon Musk becoming the richest person in the world why they individual who has spent $20billon.

@quinnlavoie2947 2 года назад

And he currently Invest in Cyptocurrency.

@victoriaouellet4999 2 года назад

No amount of money can certify Elon Musk. I’ll say he needed more that’s why he is investing on Bitcoins. Investing over 1.5 billion dollars.

@braydenmorin586 2 года назад

He invested in Bitcoin because he is aware of the profit he would make.

@timothyday90 2 года назад

@Tanimu Fatima My advice for everyone right now is to invest into the market 💲💲as it more profitable.

@douglasbrooks8548 2 года назад

I wanted to trade crypto but got confused with the fluctuations of price

@henrycollins2478 4 года назад

So this will be far in the future but when you house is done being built, can you post a video of a game in the basketball court

@ChandlerDavidSmith 4 года назад

Yes! 🤑😍

@I_Supply_Loud 4 года назад

Been a subscriber since 5k, it’s awesome to see you grow man! Great vid!

@ChandlerDavidSmith 4 года назад

Thank so much!! Means a ton!

@TheBurtle005 4 года назад

Can you please do a video discussing debt to income with real estate, as in being able to get loans etc...?? Thanks.

@holasoyalejandro9822 Год назад

and i’m also a real estate agent, so i can also always put in my comission as part of the down payment, so i’d only need half a percent extra

@johncrumb4658 4 года назад

I think the easiest thing to do is buy a single family home and renting out a bedroom or two, especially if you are in your twenties.

@MoromoMusic 4 года назад

That's what I did. Then later on I got a home equity line of credit and bought another home. Then kept doing it.

@unbezo398 4 года назад

@@MoromoMusic This is inspiring

@jessejock4878 4 года назад

@@MoromoMusic i was going to do the same but I dont want to share a place wity anyone anymore. It s good when you are young but when you get older you need your own space

@drehardin 2 года назад

I'm living in a situation like that now. 5 bed house. 3 adults (+35yrs). It's very comfortable, and each of us is saving a ton of money. The garage is outfitted as a 2nd living room, carpeted with a refrigerator, two TVs and couches, so when someone has company they arent disturbing the house.

@hustlindaddiy5194 4 года назад

This is a great video. Chandler is great at breaking down involved information in a simple way.

@ChandlerDavidSmith 4 года назад

I’m so glad you liked it!

@-Silly-Willy-0 4 года назад

Solid advice once again. Chandler will be next hot channel.

@ChandlerDavidSmith 4 года назад

Thanks! I appreciate it!

@DavidDelahunty 4 года назад

Love your video's Chandler, been following you since you only had a few thousand subs! In my opinion one of the best youtube channels for real estate investing! Thanks for sharing your knowledge and experience.

@ChandlerDavidSmith 4 года назад

That mean a lot, man! Thank you!

@TroyKearns 2 года назад

Great Video Chandler I would love to do an interview with you! Good luck on your new house I am building mine to!

@mkfremkglmfekwgnkr1727 4 года назад

Always Huge Energy at the Start :-)

@ChandlerDavidSmith 4 года назад

Thanks 👍

@JeanDagobert 4 года назад

Looking to buy my first duplex/ triplex if the numbers make sense.

@ChandlerDavidSmith 4 года назад

Sweet! Congrats!

@zakariyanagi6465 4 года назад

Can you make a video about why you don’t invest in commercial properties

@henrycollins2478 4 года назад

I think it’s mostly because of the way loans are set up, but he does have stake in a law firm building

@harryhunter7872 4 года назад

It is completely different from residential property. If you find the right tenants you could be set for life but they will sit empty for years costing you lots of money in costs. Do research before doing commercial property as I know several guys in that arena and half are losing their asses and can’t even sell their properties

@chandleradaway 4 года назад

Bro you asked this to him on his last few videos and he responded that he has some videos on that already and that he would think about making another 😂

@jasonnelson5251 4 года назад

Did you see the vid he did at a vacant mall in Houston? 😢

@goingbacktoourroots 3 года назад

Can you do a walk through (or if you have and I haven't found it yet please link it) do a run down on how to start investing in Apartments. How to find off market complexes, what size would you start with, what are things that are deal breakers? And I LOVE your here is the numbers video. How to find the right number so that with reno and raising rent you cashflow out of the gate, etc

@kathydemetillo300 4 года назад

This is very helpful. We are in planning stage in acquiring our 3rd rental property. We bought 2 condo rental in cash. It generates cash flow now because we paid cash. But I want to start looking in a cash flowing properties

@ChandlerDavidSmith 4 года назад

So awesome!

@foremanswildliferemoval6170 3 года назад

The only downside of leveraging is if something big happens your screwed. Everyone says it won’t happen to them. In my town a factory got busted for releasing toxic gas in a neighborhood for years. The neighborhood instantly had people moving out. It’s now a undesirable area. If your rental was there you would be in trouble depending on % of your portfolio. A lot of investors lost big time in 08 due to leveraging. If you own it outright no one can take it from you :). I do enjoy your videos chandler. I just wanted to throw another angle on it

@searchbug Год назад

For sure there are a lot of viewers here who are eyeing to buy their first rental property soon! Congratulations, guys. Just wanna give a futuristic advise. Once you are ready to rent out your property, make sure to conduct a thorough tenant screening. You wouldn't want to rent your hard earned property to someone who cannot pay the bill, to someone who has criminal records, and a total pain in the a** as a tenant. Save yourself and your other tenants from stress.

@jakobh6257 4 года назад

Always great info. Thanks Chandler 👊👊

@ChandlerDavidSmith 4 года назад

Thank you!

@reagandekock1811 4 года назад

Love your vids. Officially my favorite financial channel.

@ChandlerDavidSmith 4 года назад

I appreciate that, thank you!

@SneakerHead302 4 года назад

24 yrs old and currently only have $25,000 to put down but I’m great at saving money wanted to move out but I want to buy a house to rent out and buy my personal later on in a couple years. If possible I’m trying to get a house each year even if it’s small. Currently in LLC with some friends flipping houses currently but I want to do my own thing as well on the side. Should I look at a single family to rent out ? Duplex I was thinking as well from your previous video and how much should I put down I’m stuck. And do you have a email for consultations I need some help haha love the videos keep them going

@ChandlerDavidSmith 4 года назад

I’d love to help! Go to my website to schedule a mentoring call

@jakubadamowicz 4 года назад

Id call a realtor, different markets are doing different things. If you need help getting referred to a good agent let me know (FREE)

@mansardmanor3869 4 года назад

First off 25K down finance the rest 🤔 Know that your loan will require you to be a live in owner. If banks know your an investor, your down payment goes up, your PMI goes up. Try looking at a 2-4 Plex still falls in a Fanny May loan. Just make sure you know how to professionally manager them. His statement is sound, except for the low down to leverage the property. Many have lost everything leveraging, Google Carlton Sheets and the many who was over leveraged.

@mikea5714 4 года назад

Great video Chandler! Practical, actionable (or not), realistic, genuine advice. Thank you.

@ChandlerDavidSmith 4 года назад

Thanks a ton! Glad I could help!

@joshrachelson7206 4 года назад

Chandler. Have you ever considered purchasing a motel and making it into long term rentals?

@ChandlerDavidSmith 4 года назад

Not specifically, but that’s a good thought!

@joshrachelson7206 4 года назад

I'm sure you know this. The price per unit is really cheap and tempting. I'm considering one however, the size of the units is a little worrisome. What are your thoughts on studio units?

@mattcram3782 4 года назад

@@joshrachelson7206 I'd tear down some walls and make as 2 bedroom units as you could squeeze in.

@OopsFailedArt 4 года назад

@@joshrachelson7206 for long term tenants you're going to really struggle with only studios. This would lead to potentially high vacancy rates and high turnover which are very expensive. Having a few as studios might work but in my experience you'll want at least some variety. I do like having a few studios as it really helps round out my offerings

@robinthestate6548 4 года назад

@@mattcram3782 that's a smart idea

@damianguzman391 4 года назад

How did you learn how to renovate a home? For example, redoing a kitchen, and deciding which appliances to purchase for replacement.

@ChandlerDavidSmith 4 года назад

I grew up around renovations - my parents are really good at it. My property manager is also extremely handy and skilled in doing those things on his own

@est94 4 года назад

I bought a condo underpriced that I will live in at first . It was impossible to find a multi family at a reasonable price in my area

@ChandlerDavidSmith 4 года назад

The deal will come!

@shantimindproductions5585 3 года назад

Ditto, but I'm not sure what to do next...rent this one out, after buying another condo to move into? Don't want to get stuck.

@steveghs1 3 года назад

I am about to sell mine soon. San Diego I found a awesome deal on a duplex but it’s in Kansas

@oups4391 3 года назад

I think its better to force cashflow...i ran the numbers on a 4plex...here minimum is 10% down paiement live in....or 20% and dont live in. 10% = live in : get +38$/month 20% (dont live there) you get 4 tenants = +639$/month in cashflow after all the fees including gestion compagny, taxes, mortage and assurances So yea...prefer to dont live there..need to add appreciation each year...and reno if tenant move...

@brianburke808 4 года назад

There are situations in which (house hacking) living in a multifamily first is wrong. For instance, in the Chicagoland area, there are extremely few triplexes and quads on the market. With most of the duplexes, especially in chicago proper, you'll still come out of pocket each month up to $1000 in some cases, even with the other unit rented. However, single family(3+BR, 2+BA) in the suburbs can be had for $500-600 mo @ 3.5% down on 203b or k (including mortgage insurance & property tax) Living in one of those single family will allow you to build up cash for your next real estate purchase faster than living in more than half of the duplexes...and you can always rent out rooms in the single family if you're comfortable with that.

@thinkingai6017 4 года назад

Hey man! Watched a bunch of your videos & they are super helpful! After I get outta college I'm planning on getting a job in real estate, then start gradually buying properties. Great help man! Keep posting these amazing videos, you will help many people out.

@ChandlerDavidSmith 4 года назад

I appreciate that!

@dianataylor991 2 года назад

When it comes to investing, what’s your say to anyone with over *100K $* looking for the best ways to invest it and as well make good earnings off it?

@dianataylor991 2 года назад

I’ve always been fascinated with investing and I need to start now. Could you possibly give more information about the lnvestment Professional and how I can reach out?

@topsyfernandes7542 2 года назад

There’s no limitation to what we can achieve if you put your mind to it. You can do it.

@topsyfernandes7542 2 года назад

Most successful people seek the knowledge and experience of Professionals who help them tackle issues relating to wealth management and growth but might claim to achieve success themselves without any help.

@juantaverasiv741 4 года назад

Great vid. I live in the Bay Area, where property is STUPID expensive and duplexes are rare, and even a single-family home is nearly impossible with my budget. Would it make sense to get a 2-bed condo for$500K-$700K? Then I could live in one room and rent out the other. I would have to share the space with my tenant, which may be annoying, but the numbers make sense to me. Any thoughts on Bay Area real estate?

@chingbowthegreat7505 4 года назад

Okay Chandler great vid, much appreciated!...so this has been on my mind for the longest while: How do I go about investing in a foreign country? Which bank do I loan from? Are the pros outweighed by the cons? Real estate in the Caribbean looks pretty limited. What is your take on this please?

@ChandlerDavidSmith 4 года назад

That’s a great question - I’m yet to invest in another country, but my first priority would be to get my “team” together wherever I was planning to invest - your property manager, loan officer, etc.

@Chayil_ 2 года назад

Fine I’ll subscribe 😂😁 I’m going to jump on the investing train and your videos have pointed me in the right direction. Appreciate the tips.

@goingbacktoourroots 3 года назад

Also more on "how to" turn seller into seller finance. How do those conversations go? etc. (Ideally Apartment complexes)

@vascogamero530 Год назад

You’re doing Gods work Chandler

@HALFAMAZINGTV 4 года назад

Appreciate the video, brother! Helped with plenty of perspective.

@ChandlerDavidSmith 4 года назад

Awesome! Glad you liked it!

@seanlovesrealestate 4 года назад

This was a great video Chandler! I echo your statement about not overleveraging for just a few dollars. The market swings can completely wipe out all of your equity and rental market fluctuations could put you in a situation where you aren't able to cover your monthly expenses. House hacking is also an amazing strategy that I tell people to do if they're trying to invest in an expensive market like the Bay Area.

@curtislewis6245 4 года назад

What recommendation do you have for going to busy with a partner? Do you both own the property? Where does the money go? Joint account? Start an LLC and have that LLC have a bank account?

@MateoHall 4 года назад

The sooner that you can replace your landlord is the better. If that means you can get a duplex that’s awesome but if not don’t wait until you can buy a 600K home you can settle for a small condo

@mtg_hermit 4 года назад

I have 2 properties right now and I potentially want a third property, should I use my money to get the third property now or should I just fill the reserves of the 2 I have and wait? Thanks Chandler *just finish watching the video and got my answer, love your videos

@ChandlerDavidSmith 4 года назад

Thank you!

@user-wm5ys3bn7o 2 года назад

@brandotex 4 года назад

Great video, that was my question as a beginner

@ChandlerDavidSmith 4 года назад

I’m glad I could help!

@ttnts5 4 года назад

I have been living in a 2 bedroom rented apt in Ny & the rent is $ 2800 monthly. So now I am planning to buy a 4 bedroom single family home in Newjersey. So how much of a down payment is good for a house costing about $ 450,000. Be a I don’t have much down payment.

@dominicbothur7574 4 года назад

20 percent is usually the recommended down payment. So that would be $90,000 but if you don’t have 20 percent there’s private mortgage insurance which usually isn’t too much money.

@ShawnDeLaCruz 2 года назад

15% cash on cash return on 25% down doesn't exist in Southern California. Should that be a deal breaker on investing in real estate here?

@JoshuaaColin 3 года назад

Ok so let's say I apply for the first time buyer loan which would give me about 3.5% as down payment. Do I HAVE to live at the property? Or can I just say for example if I still live at my parents house and plan on still being there and just said on the application or where ever that I was going to move in the property just to take advantage of the 3.5% but I end up just renting it out of tenant's and continue to live with my parent's will that work? And also for that application for the loan, Do I need the 2 year work history because I don't have that.

@thebigshawn25 4 года назад

Hey Chandler this video is awesome! Love your content. I know you haven't made a property management video in a while but, how do I know which property management company to go with when I'm starting? What are the right questions and what should I be looking for?

@terrycloud6437 2 года назад

Did he ever make this video

@lorenceman 4 года назад

Love the hyper focus strategy tip 💰💰💰

@ChandlerDavidSmith 4 года назад

👍👍👍

@XxDrEvilxX 4 года назад

Your rental property calculator is amazing and brought me to your channel. May I recommend a save option for future reference or editing.

@rentospropertymanagementso4895 3 года назад

A very helpful explanation of returns. Thank you.

@floyds3071 3 года назад

Dude, you are awesome. Very informative and good content.

@PORTMIAMIMIKE 4 года назад

What do you do, when you buy a 4-plex on fha but all 4 units are occupied?

@harjitsandhu7162 4 года назад

Really like this Channel, keep it coming !!!

@125henni 4 года назад

I have quite a bit of cash saved. SInce my area doesn't have multiplexes I plan on getting a small affordable house 1st, then buy a condo that I can hopefully finance for $40k. Not many people do that, but my realtor has 2 of them in the same place I want to get one at and it cash flows like crazy.

@skinnyguygains2459 3 года назад

sick intro music!! great video too thx!!

@oliviahampton21 2 года назад

Very informative!! Thank you🙂

@jeremyparvinrealestateinve7087 3 года назад

Love your video chandler

@bryanharger6565 2 года назад

Another great video. The question, would you ever buy a new build for a rental property with barely any monthly cash flow. Just looking at equity building?

@user-wm5ys3bn7o 2 года назад

@mohimuddin3770 4 года назад

As a real estate investor, what do you think about HOA? and can I get out of an HOA??

@steveday5038 4 года назад

Hey Chandler how is everything going? I've recently started watching your channel and find it very inspiring...thank you. I currently own a triplex and live in one. I just purchased a duplex as well. I am in a fast growing city in Tn and I am very excited to purchased more.....thanks again for the knowledge you provide, it is invaluable.

@user-wm5ys3bn7o 2 года назад

@eliberatorr Год назад

I downloaded the excel speadsheet used in many of the videos. The spreadsheet is full of errors, inflating the numbers. For example: Property taxes paid is added as a income and not as expense. Please fix.

@edessentials3206 4 года назад

Just subscribed. Good stuff, keep it coming.

@zachlenagh2801 4 года назад

What r your thoughts on this situation? Moved in and bought my first house house and flipped and left it with 100k. Used that 100k to put 20% down and for renovation costs to move in to and owner occupied duplex for 325k. Now live in it finished the renovations and renting out both sides will give me a total $1250 cash flow. Or could stay in one side and live for almost free. What's the best way to get money for another duplex. Currently my rate is 3.25 on it but I have 65k in for the down payment that I'd like to use without losing a great interest rate 🤔

@ratebhaddad3220 4 года назад

Hey Chandler, what do you think about investing out of state? And how would you find them? It’s hard to find the 10-15% return in CA

@ChandlerDavidSmith 4 года назад

Just be sure you have your “team” in place out of state as you would in state. Know your market, where rents need to be, etc

@lisalisa1007 2 года назад

you are so gifted!!!!

@atidmatabenisrael2779 2 месяца назад

What type of loan should I get for a first time home buyer

@BuuBot 4 года назад

pro-tip: Set the video to 1.25 speed

@ChandlerDavidSmith 4 года назад

Yes!

@georgia7043 3 года назад

1.5 is good too

@venusferreira 2 года назад

I ❤️ U

@williamlackey123 2 года назад

1.75 over here 😂😂

@marquisstrongchild7535 2 года назад

Oh please it's not that slow

@searchbug Год назад

Hi, Chandler! Do you do the background checking for potential tenants or do you hire a property manager to manage it? Great video! So much juice to squeeze. 👏

@jasonnelson5251 4 года назад

Nice work Chandler 👍 Question for you: If you don't have remodeling experience, would you recommend staying away from a fixer?

@ChandlerDavidSmith 4 года назад

If you have a good management company/ are in contact with good subs that you could use for a reasonable price, then you shouldn’t have to stay away from it. If you’re not in a position to pay for others to come do the work and aren’t confident you could do them on your own to get it rent ready, then it might not be the best call

@melodyn6419 2 года назад

How and where to find private money lender that would like to be on 2nd position of your mortgage? No friend family to borrow from.

@lography6917 4 года назад

I'm glad you mentioned whether or not our wife would be happy with moving - I find a lot of RE channels on YT talk from the perspective of a single guy with no kids, so they kinda ignore the family aspect of things and how there are shared finances, etc. Fortunately, my partner is on-board to at least do a duplex or SFH for our first, before moving into a primary residence (Which is something I want as well, as a Canadian I'm less inclined to over-leverage)

@thierryhector7043 4 года назад

Sadly this doesn’t work in South Africa due to high interest rates. The lower the down payment equates to a lower return due to the increased bond payments.

@mikewilliams4947 3 года назад

I was going going to say duplex. When people ask me about multi family investing and syndication i say “buy five duplexes then you will understand the process of purchasing and managing”. Then go for larger deals. Good luck everyone. Do not over pay. Wait until the moratoriums lift.

@bRay17 Год назад

When you understand the process of purchasing and managing from buying five duplexes then whats the next step? What investment should you look towards next?

@mikewilliams4947 Год назад

@@bRay17 Learn how to syndicate. Learn how to raise capital from partners. Learn the LP GP structures. Learn about waterfalls. Then the sky is the limit. I’d get as much knowledge now over the next few years we will see opportunities open up again. We are at the peak now. Office is looking like it’s collapsing. Multi family I don’t think will crash unless there is some sort of contagion risk from banks going under. housing in general is still under supplied given we are adding about 2M new arrivals plus 1M legal new citizens yearly. My prediction, no true housing crash in bread and butter deals. Luxury probably but that’s not your wheel house until you make money then you will know how to buy some if you want. Check out Dave Lindhal. Good luck.

@bRay17 Год назад

@@mikewilliams4947 Got it, Much appreciated.

@mikewilliams4947 Год назад

@@bRay17 sure thing Ray. In reading my initial post I realized it may be confusing. Buy one duplex at a time lol. That gives you an idea about the financing and property management. Do that a few times and then then the bigger deals are basically the same math just bigger numbers.

@bRay17 Год назад

@@mikewilliams4947 I got you. You gave me a detailed explanation it made sense dont worry. After watching Dave i understood more. Basically the goal is buying 1 or 2 70-100 unit properties. Like you said, start with duplex and work up. Good info forsure.

@Daniel_BDB Год назад

What if you buy a single family like a 3 bedroom or 4 and rent out the extra rooms while you live in it. You're still living in the house but just renting out the rooms. Rent then it for 500 or 600 and that will pay for the mortgage

@honeybee8929 Год назад

Thank you for sharing ❤️

@Mylena__b215 4 года назад

Thank you for all your guidance, I love your content🙌🏾

@avivakende1412 3 года назад

how would you look for your first aquisition?? what city??

@johnhancock8724 4 года назад

As a veteran I get 0% down payment with no mortgage insurance. My wife and I are looking for a multi family at the end of the year to house hack. VA loan requires 1 year living at the property before we can do it again! And again!

@ritahogikyan8560 Год назад

Your videos are great 👍👍👍

@irainkoolaidTTV 4 года назад

take a shot everytime he puts his hands together lol

@ChandlerDavidSmith 4 года назад

HahHhHa

@ianscianablo8507 4 года назад

Chandler how many rooms, bathrooms etc is in a "plex"? Is a "Plex" a unit? I don't even know what the inside to a 4 plex looks like. Would a 4 plex have 4 outside meters? Thank you!

@noelj5914 3 года назад

Chandler new to the show, question and a concern, after purchasing the property, you have the responsibility of paying this loan MONTHLY, should you have more money to invest to cover the payments until you rent or sell? What do you recommend? It's not only the deposit , is maintaining the investment until you can sell or rent out, it can take up to a year