As an hvac service technician I promise you that filter needed to be changed. It was filthy and we honestly recommend them to be changed out every 3 months to pro-long the life of your furnace.
This shows that you're a great landlord, Chandler! There are definitely things that need some updates and upgrade on this property. But you definitely have a great tenant who takes care of this home.
You might be surprised that I am following you on youtube as I have been renting houses for 20 years and have 30 doors. I am 55 years old and retired from the 9-5 this year. I built up very slowly but the snowball has really started to grow. I haven't had as many homerun purchases as you but definitely have had some similar strikeouts. My last two sales were to existing long term tenants. I was able to do private sales through an attorney to avoid agent commissions and pass the savings onto the tenant in the form of equity. Was a win-win since I was ready to move on to higher cash flow property through 1031 exchange anyway.
yours is still an incredibly relatable and inspiration story! and an amazing journey i'm sure. you are the unsung hero that doesn't get the fame and clicks but seriously admirable. 'i've been buying doors for 4 years now. up to 10 and hoping to get 3 more in the next couple months.
Nice to see...the pros and the cons with your process with the upcoming work. Some investors but the upgrades upfront others wait down the road, but most important it's a sensible investment with good tenants.
You are great man my landlord is a witch, when I arrived at my apartment the floor panels were loose she said I did it, the toilets were filthy she said I did it, they discovered some termite damage and she said I let them in even though everyone in the neighborhood has termite problems, and 3 years ago the roof caved in and they didn’t fix it for 1 fool week. Keep setting a good example sir.
I am a property owner in Tampa, it is pitiable what is happening in the housing market. Ian was ruthless, but I wasn’t affected. I am not doing so well in the stock market but have currently increased the rent on my properties, I have 1M set aside for early retirement, I'm already 47. My major concern is that I ponder a lot how to make the best of the market irrespective of what the fed is doing.
you need a professionals help especially regarding the stock market, watch videos do your own research but planners know better how the markets turn out. Unless you know where to look you have the discipline to conduct diligent fundamental research, then I’d suggest seeking assistance of a seasoned financial planner.
@@karynplumm878 when you are handing over your financial responsibilities to someone else, you are never learning how to manage these responsibilities yourself and yet , you will spend more requiring a professionals assistance.
never sell! i've bought so much real estate over the years and i just watch it grow and grow in value. and i spend a LOT of time with much more successful older investors and the one thing i hear them say over and over again is "man i wish hadn't sold this or that property because look how much its worth today.
@@MillennialMike hey bro I am a complete beginner and am looking to purchase some real estate for the long term. Is now a terrible time to purchase? I am 24 and am liquid $150,000 and would like to put that into something, just don’t know where to start
Several of the biggest market experts have been voicing their opinions on exactly how awful they think the next downturn would be, and how far equities may have to go, as recession draws closer and inflation continues well above the Fed's 2% objective. I'm trying to build a portfolio of at least $850k by the time I'm 60, therefore I need suggestions on what investments to make.....
I've been in touch with a financial analyst ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.
@@therealelizabeth_ not too bad, unit a has been there for 3 years already and they haven’t had one problem. Unit B has been there since 2004!!!! And her two grandsons live with her. They call me about every 2 months for something. Sliding door stopped sliding. Hot water heater leaking, hose bib wouldn’t turn off and the tub knob would close. All have been simple fixed I have done. It just sucks cause it’s about 40 mins from my house.
With your numbers and owning it for 7 years with so much appreciation. Why are you paying PMI? You can call you bank and get that removed because your well over the 20%
i've been buying rentals for 4 years and now have 10. in order to generate the income to buy more initially i worked a boatload of overtime and saved every penny to start househacking. once i got the househack in place my living expenses dropped down to zero. then i was able to save my income i WAS spending on rent and put it in the bank. I saved for almost 2 years and then bought rental number 2. i was able to buy 3 that year. Eventually the income started to "snowball" and got to the point where i'm generating enough income from the properties it helps me buy the next one that much faster. I also used a HELOC from my first property to fix and remodel some properties i then cashed out. there are a lot of strategies that you could use. hit me up some time
@@MillennialMike I’d be interested to chat. I’ve had a duplex for 2 years now. I have some capital but also 100k+ in equity. Would be cool to hear your opinion if it’s smarter to save up cash for down payment on the next rental or using HELOC for down payment
the number 1 mistake that landlords make is to not raise rents. i buy a lot of distressed properties from landlords who stopped raising rents. in order to be a good operator you need to operate the property properly which includes keeping rents at or near market
Lol man oh man feels a bit off tbh. I seriously hope you’ve cut a deal with the tenants that are maintaining everything on the property. I had a landlord who was completely blown away when I told him no way to vacuuming/sweeping the building hallway floors in a common area where multiple tenants utilize and walk through daily. It’s not at all in the lease etc…cut a nice deal and sure you got it. I’m not paying someone an immense amount of money to pay off their mortgage and to be their groundskeeper. Not a chance.
As an hvac service technician I promise you that filter needed to be changed. It was filthy and we honestly recommend them to be changed out every 3 months to pro-long the life of your furnace.
hahaha I'm not an HVAC tech and I recognized that filter was dirty AF.
This shows that you're a great landlord, Chandler! There are definitely things that need some updates and upgrade on this property. But you definitely have a great tenant who takes care of this home.
You might be surprised that I am following you on youtube as I have been renting houses for 20 years and have 30 doors. I am 55 years old and retired from the 9-5 this year. I built up very slowly but the snowball has really started to grow. I haven't had as many homerun purchases as you but definitely have had some similar strikeouts. My last two sales were to existing long term tenants. I was able to do private sales through an attorney to avoid agent commissions and pass the savings onto the tenant in the form of equity. Was a win-win since I was ready to move on to higher cash flow property through 1031 exchange anyway.
yours is still an incredibly relatable and inspiration story! and an amazing journey i'm sure. you are the unsung hero that doesn't get the fame and clicks but seriously admirable. 'i've been buying doors for 4 years now. up to 10 and hoping to get 3 more in the next couple months.
Nice to see...the pros and the cons with your process with the upcoming work. Some investors but the upgrades upfront others wait down the road, but most important it's a sensible investment with good tenants.
You are great man my landlord is a witch, when I arrived at my apartment the floor panels were loose she said I did it, the toilets were filthy she said I did it, they discovered some termite damage and she said I let them in even though everyone in the neighborhood has termite problems, and 3 years ago the roof caved in and they didn’t fix it for 1 fool week. Keep setting a good example sir.
Love the video dude bro! Keep it up. Always entertaining to watch your content.
Killer video like always!! Always excited to see you upload!!!
I am a property owner in Tampa, it is pitiable what is happening in the housing market. Ian was ruthless, but I wasn’t affected. I am not doing so well in the stock market but have currently increased the rent on my properties, I have 1M set aside for early retirement, I'm already 47. My major concern is that I ponder a lot how to make the best of the market irrespective of what the fed is doing.
you need a professionals help especially regarding the stock market, watch videos do your own research but planners know better how the markets turn out. Unless you know where to look you have the discipline to conduct diligent fundamental research, then I’d suggest seeking assistance of a seasoned financial planner.
@@karynplumm878 when you are handing over your financial responsibilities to someone else, you are never learning how to manage these responsibilities yourself and yet , you will spend more requiring a professionals assistance.
@Tiny Alumbaugh I will be happy getting assistance and glad to get the help of one, who do you work with and how did you go about hiring them?
@Tiny Alumbaugh With fed rates spiking and high interest rates all markets are being manipulated, you are indeed lucky
Im in largo teach me ur ways 😂
Man that makes me want to just hold my first property even more!
never sell! i've bought so much real estate over the years and i just watch it grow and grow in value. and i spend a LOT of time with much more successful older investors and the one thing i hear them say over and over again is "man i wish hadn't sold this or that property because look how much its worth today.
@@MillennialMike hey bro I am a complete beginner and am looking to purchase some real estate for the long term. Is now a terrible time to purchase? I am 24 and am liquid $150,000 and would like to put that into something, just don’t know where to start
@MillennialMike ehh thats dumb, selling to scale with an exchange is a way to fasttrack your scaling
Several of the biggest market experts have been voicing their opinions on exactly how awful they think the next downturn would be, and how far equities may have to go, as recession draws closer and inflation continues well above the Fed's 2% objective. I'm trying to build a portfolio of at least $850k by the time I'm 60, therefore I need suggestions on what investments to make.....
I've been in touch with a financial analyst ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.
I happen to know ROCH DUNGCA-SCHREIBER* . She has been my fin coach since 2018, no major losses has been recorded. Totally recommend her.....
Love this! maybe bring us through all your purchases
I got my duplex a year ago. When I got the taxes in they were 6k a year!!!! totally caught off guard.
Hi how has your first year been so far ?
@@therealelizabeth_ not too bad, unit a has been there for 3 years already and they haven’t had one problem. Unit B has been there since 2004!!!! And her two grandsons live with her. They call me about every 2 months for something. Sliding door stopped sliding. Hot water heater leaking, hose bib wouldn’t turn off and the tub knob would close. All have been simple fixed I have done. It just sucks cause it’s about 40 mins from my house.
@DJStroble nice long term tenants! I begun my process in search of my first dup. SUPER nervous But excited! Thanks for responding
With your numbers and owning it for 7 years with so much appreciation. Why are you paying PMI? You can call you bank and get that removed because your well over the 20%
Chandler, we need to be besties man.
How did you get rid of the flies? We are getting lots of flies in our shop on our property
Great video
How did you generate the income to be able to purchase several properties in the same year
i've been buying rentals for 4 years and now have 10. in order to generate the income to buy more initially i worked a boatload of overtime and saved every penny to start househacking. once i got the househack in place my living expenses dropped down to zero. then i was able to save my income i WAS spending on rent and put it in the bank. I saved for almost 2 years and then bought rental number 2. i was able to buy 3 that year. Eventually the income started to "snowball" and got to the point where i'm generating enough income from the properties it helps me buy the next one that much faster. I also used a HELOC from my first property to fix and remodel some properties i then cashed out. there are a lot of strategies that you could use. hit me up some time
@@MillennialMike I’d be interested to chat. I’ve had a duplex for 2 years now. I have some capital but also 100k+ in equity. Would be cool to hear your opinion if it’s smarter to save up cash for down payment on the next rental or using HELOC for down payment
@@MillennialMikeHow do I msg you?
Can anyone explain how to screen your future tenants, so I don't make a mistake?
Hey what states do you buy your property's in ?
Where did .76 come from in the math breakdown?
Why are you leaving the rent low? I would bump it higher due to the market allowing it.
the number 1 mistake that landlords make is to not raise rents. i buy a lot of distressed properties from landlords who stopped raising rents. in order to be a good operator you need to operate the property properly which includes keeping rents at or near market
Don't you think you can make more money doing airbnb instead of long term rentals?
What real estate management company do you use?
Lol man oh man feels a bit off tbh. I seriously hope you’ve cut a deal with the tenants that are maintaining everything on the property. I had a landlord who was completely blown away when I told him no way to vacuuming/sweeping the building hallway floors in a common area where multiple tenants utilize and walk through daily. It’s not at all in the lease etc…cut a nice deal and sure you got it. I’m not paying someone an immense amount of money to pay off their mortgage and to be their groundskeeper. Not a chance.
Not a chance? How else is he gonna afford his new million dolllar house lmao
$560.00 is all you pay for your monthly loan +taxes + insurance?
It’s a duplex right?
How do you get 180 units worth of down payments and closing costs in 9 years? 🤔. You gotta live somehow has youtube been that lucrative?