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.
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
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 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.
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).
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.
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!
I appreciate the app that you spent money creating, as well as all your videos! They are great. I have been watching TH-cam 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!!
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!
@@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!
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.
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.
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.
Hello Chandler stumbled upon your video as I am looking to purchase my first multi family. I’m trying to determine the value. The property has begun renovations, but so far only 20% of the renovations have been completed. I’m trying to determine a counter offer or if it’s even necessary to counter if I can determine the true value of the property. I need some help?
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.
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!
We are in the process of closing on a double. Half the property is occupied but we don’t plan to continue to rent it to them. Their lease is up so we will have to write a end of lease letter saying we don’t plan to renew their lease. I have been searching online to see how it should be worded but can’t find any samples online. Do you happen to know where I can find something like that or any tips you can give?
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, how do I get access to that deal calculator that you are using to break down your cost? Thanks. Great video. Learned more than I thought I knew.
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.
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!
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
Is the calculator still available? I could not find it. Also, is there a feature that you can add that you borrowed your downpayment with the amount & % also? If anyone knows of something that does everything in this vid plus what I'm describing please let me know.
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.
Can you find the two places I accidentally included the address? It’s OK... not gonna buy it anyways ha ha
I came from stradman channel and subscribed you are a great youtuber I hope you like the c8 corvette congrats
Hate it when the address is in the property details.
dang lol @ 9:55
😂😂😂😂😂😩
@@yodaddy6540 lol
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 waaaaay ahead of everyone dude. good luck! You'll be rich one day with that mentality.
Godspeed homie! I’ll subscribe when you start your TH-cam channel.
I hope you get to atleast $120k by 18
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.
ayyy we should be friend im 13 in e eCommerce and my dream is to invest and flip real estate and wholesale it.
Chandler, thank you! Question, why would someone by at such a hight price and low COC? how do they justify that pro forma?
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.
so how’s it going? i’m in the same track almost.
@@danish2199 doesn’t seem like it went well
^
@@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?
And your calculator about rentals is spot on I have it already, thanks!
This is a great video. Best thing I ever did was buy rental properties. I recommend everyone to get some rental units as soon as they can.
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.
Like watching you analyze deals period. Thank you for this!
Please keep posting videos of properties you pass on as well. The explanation really helps.
Excellent video. Chandler is starting to be one of my favorite you tubers. Keep up the good work
Thank you! That means a lot!
I like multi-family but man, the cash flow I’m getting from my two single family homes is awesome lol cash flow $1100/mo!
Killing it!
You should make a video about your properties with all the numbers!
Send A Raven great idea! I talk about my properties all the time on my but I don’t think I’ve talked about actually broken both properties down!
That’s awesome! What market are you in?
Blackwolf Imaging currently in Indianapolis, IN., and Broken Arrow, OK.! But I have teams set up in about 4 other markets!
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
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!!
yes please do both , analyze deals in the 8-20 unit range, both that you buy and don't buy. what is your "BUY BOX" ? thanks
Definitely good to show both "buy" and "pass" scenarios. Keep it real.
Loved this video on why you passed on the property!
Hi Chandler, is it better to run Maintenence as a percentage of rent or as a percentage of property value? Thank You!
Loved seeing you analyze the deal even though you didn’t buy it
CHANDLER! Please drop some knowledge for us on how you choose insurance! Insurance cost on this 12 plex are the same as a single family in my market.
Chank you Chanler, your calculator is amazing. Thank you for showing us how you analyze the properties
Thank you!
Chandler David Smith chank *
This motivates me to keep trying and save up money for a down payment for one
Go get it!!
Came here from your video with TheStradman. Great video with useful information. Thank you for sharing.
Very informative video can you do one on purchasing fourplex to live
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.
@@MillennialMike I'll subscribe to your channel if you subscribe to mine. Also I'm trying to use a primary to buy a duplex next year man, or a triplex
Definitely keep showing the passes. It's good to know by looking at it what makes it a no go.
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).
Hahahaha love it! Thank you!
I like the break down and running scenarios on the visual calculator. Things started to sink in.
Thanks!
Thank you for your analysis, I got your calculator. Very useful. Good job Chandler
We love it how you analyze the deals!! Please keep it going man. You're the man!!
Amazing! Will watch again. Lots of great information.
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, more videos like this please. The way you run the numbers on properties help us feel safer and make a good decisions. Thanks.. PleaseMore 😜
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!
Great vid! I'd like to know the mic you're using, Thanks!
I appreciate the app that you spent money creating, as well as all your videos! They are great.
I have been watching TH-cam 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!!
whats the app
CS thanks very much for the quick calculator, you didn't have to but way to go!!
I’ve been watching chandler since the beginning and he’s definitely going places
So. Much. Educational. Value 🤯🤯
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!
Hey Chandler, I believe the address may accidentally be included around 10 minutes when you first jump into the numbers FYI!
I saw that as well lol
Once I realized I wasn’t going to buy the property I wasn’t too worried about it ha ha thank you so much for the heads up though
@@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!
Awesome video! I am looking into buying my first rental property sometime soon and I definitely found this video very valuable!
Awesome! Glad you enjoyed it!
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.
Boss
Your analysis is very clear and you presented it simple. Do you operate in nyc area. I live in nyc. I wish I can speak with you.
I can't find the calculator in the app store. Is there a link?
On the same page! Not paying list price! Keep going! Tks for the video!
Thank you!
super helpful video concept!! thanks CDS
Definitely keep analyzing deals on the channel. No better practice for when I'm ready to pull the trigger.
how do you know what grade the neighborhood is?
I'd be interested to hear your new remarks on COCR and Valuation now (2-years later)
New to possible realstate investing in the near future. You got great content. Thank you!
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
Thank you! That means a lot!
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.
You calculate doing a 20yr am on the mortgage ?
Great video! How do you account for heating, water, garbage, cleaning? Is that included in your 12% maintenance?
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.
For someone new getting into real estate. What's the best step? Taking classes? Curious to know
Hi Chandler, I cannot download the spreadsheet from your site. It keeps giving me errors. Is there somewhere i can grab that?
Hello Chandler stumbled upon your video as I am looking to purchase my first multi family. I’m trying to determine the value. The property has begun renovations, but so far only 20% of the renovations have been completed. I’m trying to determine a counter offer or if it’s even necessary to counter if I can determine the true value of the property.
I need some help?
Great video ! But are you not going to pay any utilities garbage sewer water ?
Never 🤑
First video I’ve watched from you. Loved it! Great content. Also just subscribed to your channel.
@chandler if you could make a playlist with all the videos that you show us using the app that would be great. So we can be get familiar with the app.
That’s a great idea!
Hey Chandler, how did you create your app? I have an idea of a real estate but wasn't sure how to get started? Thank you
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.
What app are you using to analyze this stuff?
My sister lived in that exact apartment in if you showed in the beginning haha I’ve been wanting to snag one there too
Is there a way to make your Calculator calc as interest only?
Keep making these videos YES YES :)
Wow! Chandler, you really blessed us with this video!!! : )
I saw this deal last week! Very interesting!
Forsure
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!
Very interesting, I'm learning a lot. Thank you
We are in the process of closing on a double. Half the property is occupied but we don’t plan to continue to rent it to them. Their lease is up so we will have to write a end of lease letter saying we don’t plan to renew their lease. I have been searching online to see how it should be worded but can’t find any samples online. Do you happen to know where I can find something like that or any tips you can give?
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....... wanted to know if you recommend any apps looking for duplex, fourplex and multi-family rental
Hey! Do you do the interest only or the mortgage down?
20 year am on properties like this
@@ChandlerDavidSmith what are your thoughts about interest only though?
Please, more videos like this. Great example of concepts put into action.
Hey Chandler, how do I get access to that deal calculator that you are using to break down your cost? Thanks. Great video. Learned more than I thought I knew.
On my website for free. Www.chandlerdavidsmith.com
@@ChandlerDavidSmith you’re the best. Thank you for caring and helping people like me.
What app calculator did you use ?
Awesome . Very informative ! Thank you Chandler!
Also, taxes change to reflect the new purchase price after closing
Thank you for making this video.
Hey Chandler, can you explain a little further what you meant by you would be all over the deal if rents were 500 and they were asking the same?
Are you able to get closing paid for normally ? Is that normal in your market ?
Yes, I wouldn’t say normal but I always negotiate it
Both
🧠Thanks again!
Will share!
12:30 how do u get closing costs to zero?
how long does it take you to underwrite with that app? It took me oh so long time to underwrite every time.
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.
Is that legal?
what app are you using there? thx
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!
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
Thanks for the informative video!
Is the calculator still available? I could not find it. Also, is there a feature that you can add that you borrowed your downpayment with the amount & % also? If anyone knows of something that does everything in this vid plus what I'm describing please let me know.
Bad idea to invest with borrowed money
15% wow !! In Atlanta, MFU are getting picked up at 5-6% cap rate..
thats crazy, i found you from stradman and i used to live in IF up in the foothills
in California commercial banks are offering 30 years amortization for apartment loans (5 unit or more).
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.
Love watching what you pass on
Lol just cuz you said, “cuz I’m greedy” 😆 I smashed the sub button
Show a variety of for sure No's, maybe's and yes's! allows a better look for people getting into it! Thanks and keep charging!
At 9:50 you flash the address of the property FYI.
Ya, thanks for the heads up
The calculator is awesome 👍🏻
You are truly a steal for me!☺️ Quick question, what if the units is without central air? I plan on moving into it... it’s a 4 unit multi unit.