Most don’t understand how blessed we are that “average people” who are millionaires are now able to share info with us through YT. Ten years ago this wasn’t even common. Take advantage of these opportunities that are parents didn’t have!
I had no intention to sell any of my properties until this artificial inflation came. Knowing a big crash is coming in the next year or so, I took advantage of the huge profits I could make and sold a few of them now. When prices drop, I'll have the capital (capitol?) to pick up many more than I sold.
@@ericcory2469 I was in a similar situation and sold one early 2022. I am considering selling my remaining rentals because of the inflated insurance, tax, and maintenance expense. Doesn't help me that my mortgage is fixed and (relatively) low interest rate if all my other expense jump up 30%, outpacing rent appreciation. I am not inclined to sell though; I hate selling assets and my remaining rentals have always performed well, though they are old enough to have significant maintenance expenses.
Hey Chandler longtime viewer here, why would one choose to buy a rental property for a couple hundred dollars of cash flow per month rather than taking that $50k and starting a business that may generate thousands extra per month then getting that business self sufficient, rinse, and repeat?
Starting a business hard and requires a lot more skills then real estate. You don’t start with estate. Real estate is for when you already make good money from business or job
Man been struggling with this for awhile on my own rentals. I've run the numbers over and over and compared to the stock market, real estate just makes less money! People view real estate as a "safer" investment and it probably is. But you can find some really good dividend paying funds and high return mutual funds that make more and are no work whatsoever unlike a rental.
@@dougg4633 Oh yeah this comment didn't age well at all! Lol! Since this comment, I sold one of my rentals and put the money in the stock market right at the end of 2021. Well if you invest anything in the market, you know how 2022 went. Enough said. Dumbest mistake of my life and I really really wish I could have that house back with my 3.5% mortgage. Still kicking myself. Every. Single. Day.
Save your money, start looking at properties, get a conventional or FHA loan (either 3-5% down) , request to get 1-3% credits from seller and boom. Make sure you run the numbers before buying always, if the numbers dont make sense then investing in the property wont. Take your time, patience is key.
What if your tenant hasn't paid rent since December, which has forced me to take forbearance (yes I have reserves but figured why pay if my tenant isn't either). Tenant hasn't communicated with my PM at all, I'm out of state. My plan is to evict when possible and sell!
Dude... Your business model is clearly based on greed. What "Comfort at Night" does your tenants have struggling to put together the crazy after tax dollars you are asking which you don't need. By the way... I'm a Landlord too and I can't in good conscience charge more than I need. That's how I get "Comfort at Night".
Rents maximized! Look at their cars. They barely have a car - you waste money like a fool. You even want another $100 more. While you have millions in cars. When will something click in your brain???????
Most don’t understand how blessed we are that “average people” who are millionaires are now able to share info with us through YT. Ten years ago this wasn’t even common. Take advantage of these opportunities that are parents didn’t have!
True the only was asking a person who is wealthy and learning from them or reading "Millionaire Next Door".
If you no longer have the passion or desire to deal with tenant issues repairs inconveniences Etc you should sell. Happiness over profit
Thank you for inspiring a 16 year old kid who is passionate about Real Estate
Same man! I’m also 16 and very interested in Real Estate!
@@yashthakkar5503 which real estate do you like the most?
@@sharaarsagir1943 I think family homes like duplexes and triplexes. What about u?
@@yashthakkar5503 apartment complex, hospitality and industrial real estate
@@yashthakkar5503 I think you should follow the biggerpockets and Ben mallah
Another good time to sell not mentioned is if you can sell to a tenant or buyer for top dollar when there is no relator fee involved.
Just sold a 3 unit but it was the right time. I was not satisfied with the location or the type of building and it was time to make a move.
I had no intention to sell any of my properties until this artificial inflation came. Knowing a big crash is coming in the next year or so, I took advantage of the huge profits I could make and sold a few of them now. When prices drop, I'll have the capital (capitol?) to pick up many more than I sold.
Do you still feel the same now or do you regret that decision?
What He asked ☝️
No regrets at all. I could've made even more if I waited but I'm not greedy. We did very well on what we chose to sell.
@@ericcory2469 I was in a similar situation and sold one early 2022. I am considering selling my remaining rentals because of the inflated insurance, tax, and maintenance expense. Doesn't help me that my mortgage is fixed and (relatively) low interest rate if all my other expense jump up 30%, outpacing rent appreciation. I am not inclined to sell though; I hate selling assets and my remaining rentals have always performed well, though they are old enough to have significant maintenance expenses.
I'm confused chandler, should i hold and bump rents, or sell my properties to buy supercars???
Ha ha the first one
@Chandler, I'm in Toronto, Canada. Bought my rental 5yrs ago, for $500k. Now worth $1m. Good time to sell and invest in market at 8% roi ??
Hey Chandler longtime viewer here, why would one choose to buy a rental property for a couple hundred dollars of cash flow per month rather than taking that $50k and starting a business that may generate thousands extra per month then getting that business self sufficient, rinse, and repeat?
Starting a business hard and requires a lot more skills then real estate. You don’t start with estate. Real estate is for when you already make good money from business or job
Well I can sell what I can buy, but I will buy real estate eventually and I will make a video about it, so thanks!
Just strange to post this, after he just released one, where he sells alot to buy supercars 😅
In the off chance you're serious it might be worth pointing out that video was an April Fools joke.
Ha ha, this is exactly why I made this video
You can tell the people who don't watch videos all the way through lol
If you don't need the tax break from depreciation is there any value in it? Can it be assigned to another ?
Man been struggling with this for awhile on my own rentals. I've run the numbers over and over and compared to the stock market, real estate just makes less money! People view real estate as a "safer" investment and it probably is. But you can find some really good dividend paying funds and high return mutual funds that make more and are no work whatsoever unlike a rental.
Harder to leverage
But the "income" is taxed differently.
With rentals I pay hardly any tax
@@dougg4633 Oh yeah this comment didn't age well at all! Lol! Since this comment, I sold one of my rentals and put the money in the stock market right at the end of 2021. Well if you invest anything in the market, you know how 2022 went. Enough said. Dumbest mistake of my life and I really really wish I could have that house back with my 3.5% mortgage. Still kicking myself. Every. Single. Day.
Sounds fun! I've been looking for 4 Plexes in my area.
Ben mallah says never selling real estate is the kiss of death.
Ben Mallah fugged up and is trying to unload alot of real estate right now due to over leveraging and using variable rates
Great video 👍 smash the like button guys my boy different
Let’s go!
hey Chandler, camera lens is sick but lower a little the exposure so you can take advantage of the quality of the lens
I diamond hand hold my rentals! NEVER SELL. Great video from one content creator to another!
So basically dying without ever enjoying the fruits of your labor
Why? You get monthly rents
chandle what the name of the soundtrack you use in the background at the beginning of the video?? huge fan
Avoid that tax man.
Happy Easter 🐣
What car will you sell
No lie, the positive equity position definitely helps sleeping good at night.
All. We want to see it all.
Super informative video! Thank you!
Bitcoin is the future ,investing in it now is the wisest thing to do now especially the current rise
Despite all the economic crisis this is the right time to start up an investment
Stocks are good but crypto is more profitable
I wanted to trade crypto but got confused by the fluctuations in price
That won't bother you if you trade with a professional like Mr Tobias
I heard that his strategies are really good
I agree! I was a Real Estate Hodler before it was a thing in crypto!
Where do you invest?
America
Great Video
Any advice on how to start, I’m 16 right now and am really interested in the passive income world. But I’m always stuck on just how to start?
Save your money, start looking at properties, get a conventional or FHA loan (either 3-5% down) , request to get 1-3% credits from seller and boom. Make sure you run the numbers before buying always, if the numbers dont make sense then investing in the property wont. Take your time, patience is key.
But also taking action ASAP is key, have your balance right and you'll be good
Buy Robert Kiyosaki’s workbook “The 6 Steps to Invest in Real Estate.”
This guy appraises his own properties to make it appear like the deal makes sense.
Making up for yesterday...
Ok
I would like you to be my mentor sir...
my goal is to grab a 4plex in WA
But you sold your stuff for cars
What if your tenant hasn't paid rent since December, which has forced me to take forbearance (yes I have reserves but figured why pay if my tenant isn't either). Tenant hasn't communicated with my PM at all, I'm out of state. My plan is to evict when possible and sell!
Did you just purchase those two fourplex sales priced at 650k together in B*******t idaho, if I had the capital I would have jumped all over it.
But if I sell I can buy lambos, ferraris, and mclarens!
Your buying in this type of market??
No place to put your money? Sounds like the market is over valued and shit... 😉
Put it in my bank acct lol
Dude... Your business model is clearly based on greed. What "Comfort at Night" does your tenants have struggling to put together the crazy after tax dollars you are asking which you don't need.
By the way... I'm a Landlord too and I can't in good conscience charge more than I need. That's how I get "Comfort at Night".
So Landlords are now charities???
And not a business...
Rents maximized! Look at their cars. They barely have a car - you waste money like a fool. You even want another $100 more. While you have millions in cars. When will something click in your brain???????
What the hell are you talking about ?
Also, Why you should not make videos under 8 minutes.
First