Chandler, I turned a flip into a duplex saved all cash flow and , put into a 4-plex. My wife and I are looking to buy our first apartment complex this year. I can’t thank you enough for sharing your knowledge for free!!! My parents didn’t have any college degrees or own businesses. I did this myself- thanks to guys like yourself who educate us lil fish for FREE!!! 💜💪💯
This was a great introduction to buying apartments. Being prepared to talk to these commercial lenders about deals before going in has been huge for me in my career and I wish someone had told me when I was starting out. Thanks for the video!
Maybe we’re crazy but after getting eight offers on our home, we refused to sell to the arrogant cash offer highest bidder and sold to the young couple who wanted a safe place to raise their family.
I need some guidance please. Lately I've been considering buying dividends stocks for retirement, I have set asides $400k but somewhere along the line, I get cold feet maybe because I'm a rookie and have no idea what I'm doing.
@@tylerroger1636 😍😍😍Rosemary Carlson is there to guiding you through. She was the reason why I got into TESLA digital currencies. She’s quite popular on line, just look her up 🆙
@@leemarty2765 I'm grateful to my broker Jennifer Elizabeth Boland, she was the best and still the best brokerage in Florida. I had less to worry about. Just look up the name you will find her info.
I subscribed. I’m a military officer, own two homes, was planning on buying 1-2 more before retiring for cash flow. One bought $175k is worth $350k now (Atl), new construction in Fl. already appraised at $265k at closing (bought for $248). I think I’ll sell them for down payment on a residential building. Was looking at quads but I think 24 units is better…and then make an LLC, and keep buying buildings. I think once u have one, you can keep justifying loans off income flow.
@@jamonhughes8455 I’m a Major. I don’t have any vices (smoking, gambling, drinking) or pets. I also bought inexpensive single level new construction homes. I saved up my 12-month Afghanistan deployment earnings, used it on first house. A lot of military dabble in real-estate and often use VA loan to do so.
@@jamonhughes8455 I recommend fee simple new construction single family 3/2 single level homes as cheap as possible. You can do FHA loans, in some states apply for homestead exemption for property tax. The 1% rule is ideally your prop rents for 1% of mortgage. So avoid HOA when able.
Idk if you have patients like I do Sir but I'm SSG in the Army Reserves (with 8 yrs of AD + 6 Reserves) here is how I got my 8 unit apartment building. My civilian job is IT for DOJ/BOP and wife surgical tech. We lived on just $29k of our salary for 8 yrs. We bought extremely cheap houses to point we had a passive income of 17k a month. The family cash flow + passive was enough to negotiated with bank for an 8 unit building. This took us 8 yrs to get to this point.
As a maintenance guy, I wanna buy a complex cause I’ll be able to do all the work myself and save on the maintenance so I feel it would be very profitable for me
Don’t have any properties yet. My goal is to get into real estate investing, my goal is to buy my first property this year. But I’m still watching videos like this cause it’s so fascinating lol.
My girl needed a bank statements and stub last week and I was worried about her loosing her not getting her new apartment 😴 but everything good now only because of deelscafe good work 👍
Chandler, have you thought about purchasing land and building on it? I’ve been looking into construction loans, architects, contractors…etc, and locking up a deal.
hey chandler I’m 21 years of age and I’m looking forward to buying my first duplex very soon in the next 6 months or so I love all the videos you put out 👍🏼
@@thatredcam probably lots of work and saving up money. Plus he is probably single and no kids. From his last name he is Hispanic lots of parents usually let their kids stay if they work and bring stuff to the table
@@thatredcam yeah man I am a electrician Monday-Friday and a server Saturday-Sunday just saving 80 percent of my earnings. Trying to build passive income
Thanks for all the tips. I've been thinking of buying some apartments but I have no idea of what is like to deal with all the stuff that you've mentioned. By the way I'm from New Zealand.👍
I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.
Chandler, question: you buy multi-family and usually fix/rehab the exterior ... do you ever rehab the inside of each unit? When the tenants move out, that's when you do a nice rehab on the units? Or you just do light touches then? And how do you acct for that in your calculations? You use the cashflow to pay for those?
I've been looking at buying a duplex for my first property. My credit isn't the greatest. With the cost of the duplex and the current rental market, it's a no-brainer. So I've been working on trying to figure out away to secure a loan for the property.
Work on increasing your credit score. That can generally be done in just a few short months, depending on what is on it. You only need a 630 credit score to buy a duplex with an FHA loan. There are other benefits too.
Likewise. I'm not sure where to start. My credit score is above 630 but how am I going to be able to provide a down payment *that* massive such as $250k down on a duplex.
@@comerpickles9485 perhaps you have some money coming on with this tax return coming soon? Otherwise, you have to find a way to save it up. Remember that when you are buying, you live in the home for the month and then pay for it, where as when you are renting you pay for the month at the beginning. This means that if you buy in the middle of next month, your first payment is going to be a month and a half away. That allows you to collect your first month of rent and deposit before you ever even need to make a payment.
I appreciate your videos on apartments... I'm all in on single family property right now but I'm actively searching for either and apartment complex or a mobile home park, good deals are hard to come by in my area.
@@brennonthompson835 ah okay. Another question for you is I don’t have the deal yet but I do have a private money lender that will act as a bank to me, but what kind of returns should I propose to him?
Glad I watched this video.. I'm in the process now.. And I'll take your advice... Put down a fourth and spread the rest elsewhere... I'm nervous but being getting tons of advice before I make a move thanks maan
How about if you’re starting off on your first investment and you have the experience through books for a value add investment on a apartment building but you can’t get Private financing because you don’t have the “background” or “experience” to get approved. Is bringing someone into the investment that is experienced the only way or is there any other way?
How'd you get those single family homes? I'm trying to invest in some but have no clue where to start. No solid down payment. I don't even know if my credit score suffices. So many questions
Is it possible to do a 1031 exchange on a single-family home to a 5 unit appartment or bigger and differ the capital gains taxes and depreciation recapture taxes?
I’m interesting in buying condo in bronx NYC but i would like to know what the average maintenances fee monthly and what is the average condo rent if I rent it ? I wanna calculate how much I can make monthly profit , thx
Hi Chandler, thanks for the video. I have about $750K in equity in multiple SFR in AZ and CA, I want to sell and move up to apartment buildings. Do you have any suggestions? Should I take out HELOC's instead of selling? Getting ready to retire in 3 years so I need to make final retirement moves now. Thoughts?
Literally never heard of someone saving 30% on an apartment complex. That’s not realistic. I’m not sure what the point of this particular video is. Are you saying that Average Joe (the 99%) has a real shot at saving say around $300,000 in a single life time? This is not a video giving real world advice. Im not trying to hate I’m just saying that you don’t need 30% saved up in your bank account I’m sure some do it but that is few and far between. I’m sure you have done great with your techniques but for the 99% this method is unachievable.
People can't even afford to put 20% down to buy a home of their own, much less put upwards of 30% on a multi-million dollar loan on a property.. It easy to say just save your money, but very few people would ever be able to save that substantial amount of money just working regular jobs. Good info, but some of your advise is completely out of the question for average people to start investing in this kind of real estate.
I dont know where u r finding these incredibly great deals that gives u >10% cash on cash return. We own some properties ourselves and do alot of research in VA and WA. Maybe u can find 3% cash on cash return. 10% seems unrealistic. 440k house will rent for $2500 in my experience
What happens when there is another pandemic and a moratorium on evictions and the tenants do not pay rent even when they are capable? The mortgage is paid by you, not your tenants. The mortgage still must be paid.
Confused, your “market” goes up 10-15%/year, but is that SFR? Isn’t multifamily value based current rents collected? Also, C+ property AND great appreciation? This is Lala land
Do you have to have your LLC in the same state you are buying and holding?? Or Can my LLC be in a different state? Thank you so much for the content and info!
Probably a dumb question, but does personal income matter when getting a commercial loan? Or does the deal itself just supersede any weakness in one’s personal income?
How do I buy a property without paying for it out of packet other than the down payment? I have invested in real estate. I had a good paying job, got a loan with a down payment and bought 3 properties this way. I recently sold 1 3-family property I held for 17 years and still have 2 properties free and clear. I have a decent amount of money saved. Now, I do NOT have a job and have not had 1 for a few years. But I want to buy another property. I tried to get a loan from my local bank (who loaned me the money for the 3 properties) but they will not give me a loan due to not having recent job history even though I have good assets, cash, no debt, a track record and FICO of 820. I'm told to try borrowing against a life insurance policy. What is your take on that approach?
Usually those have amortization for 20 or 30 years. Meaning your payment is like a 30 year loan. But the balance is due in 10 years. But you can refinance in 10 years so you technically don't have to come up with the balance.
Hi Chandler, my partner has a 25 unit apartment building in Springfield IL. under contract. He wants a partner to bring capital. He wants a 50/50 equity split. 425k is purchase price. 75 k in repairs. 600k is ARV. 85% occupied. rent is 450 per door. Also, a Duplex is part of the deal worth 50k. I waiting on the P/L and inspection to be done. complete. My partner said he has a HUD deal to Triple NNN the renters. You think I have a deal here? Where can I get help to underwrite?
Great! Can you share updates? Apt investment is not simple as people might think. Many factors and analysis and many people involved. If done right, cash flow will be great and wealth is created.
I have a tenant that’s 6 months delinquent. Mortgage and HOA only 750$ a month. I have a HELOC for my next one but my plan will only work if my tenant pays on time
Chandler, I turned a flip into a duplex saved all cash flow and , put into a 4-plex. My wife and I are looking to buy our first apartment complex this year. I can’t thank you enough for sharing your knowledge for free!!! My parents didn’t have any college degrees or own businesses. I did this myself- thanks to guys like yourself who educate us lil fish for FREE!!! 💜💪💯
omg please teach me!
your story inspires me as a young adult
This was a great introduction to buying apartments. Being prepared to talk to these commercial lenders about deals before going in has been huge for me in my career and I wish someone had told me when I was starting out. Thanks for the video!
Maybe we’re crazy but after getting eight offers on our home, we refused to sell to the arrogant cash offer highest bidder and sold to the young couple who wanted a safe place to raise their family.
Good on you!!! That's great that you recognized a 'real' win-win situation and made a difference in the new buyers life.
I plan to do the same when I sell my home. Greed can make us forget our humanity.
I need some guidance please. Lately I've been considering buying dividends stocks for retirement, I have set asides $400k but somewhere along the line, I get cold feet maybe because I'm a rookie and have no idea what I'm doing.
@@tylerroger1636 😍😍😍Rosemary Carlson is there to guiding you through. She was the reason why I got into TESLA digital currencies. She’s quite popular on line, just look her up 🆙
@@leemarty2765 I'm grateful to my broker Jennifer Elizabeth Boland, she was the best and still the best brokerage in Florida. I had less to worry about. Just look up the name you will find her info.
I subscribed. I’m a military officer, own two homes, was planning on buying 1-2 more before retiring for cash flow. One bought $175k is worth $350k now (Atl), new construction in Fl. already appraised at $265k at closing (bought for $248). I think I’ll sell them for down payment on a residential building. Was looking at quads but I think 24 units is better…and then make an LLC, and keep buying buildings. I think once u have one, you can keep justifying loans off income flow.
How could you justify cash flow on two mortgages with a low officer salary?
@@jamonhughes8455 I’m a Major. I don’t have any vices (smoking, gambling, drinking) or pets. I also bought inexpensive single level new construction homes. I saved up my 12-month Afghanistan deployment earnings, used it on first house. A lot of military dabble in real-estate and often use VA loan to do so.
@@jamonhughes8455 I recommend fee simple new construction single family 3/2 single level homes as cheap as possible. You can do FHA loans, in some states apply for homestead exemption for property tax. The 1% rule is ideally your prop rents for 1% of mortgage. So avoid HOA when able.
@eduar ed my houses are simple. What I did isn’t hard and you can too. Recommend start small, or what this channel teaches is a good blueprint.
Idk if you have patients like I do Sir but I'm SSG in the Army Reserves (with 8 yrs of AD + 6 Reserves) here is how I got my 8 unit apartment building. My civilian job is IT for DOJ/BOP and wife surgical tech. We lived on just $29k of our salary for 8 yrs. We bought extremely cheap houses to point we had a passive income of 17k a month. The family cash flow + passive was enough to negotiated with bank for an 8 unit building. This took us 8 yrs to get to this point.
Wow, tangible advice with no hyping and sales pitches. Just straight to the point.
As a maintenance guy, I wanna buy a complex cause I’ll be able to do all the work myself and save on the maintenance so I feel it would be very profitable for me
There are so many great opportunities out there, and this is one of the best ways I've seen to understand getting started!
Most underrated channel on this platform
Thank you!!
The amount of value in this video is incredible! Thanks so much Chandler 💪🏽
Don’t have any properties yet. My goal is to get into real estate investing, my goal is to buy my first property this year. But I’m still watching videos like this cause it’s so fascinating lol.
Im 23 with 1 single family rental, i plan on buying a duplex later this year!
Let’s goooo
My girl needed a bank statements and stub last week and I was worried about her loosing her not getting her new apartment 😴 but everything good now only because of deelscafe good work 👍
thanks really appreciate this comment i was a lil nervous tho thought it was some scheme online but he really legit .
I own one single family rental unit it’s cash flowing very well but I’m just starting out Plan to buy more thanks for the content
Man, the treasure valley market is BRUTAL. Insane appreciation. Hard to cashflow. Love your material bro!
Chandler, have you thought about purchasing land and building on it? I’ve been looking into construction loans, architects, contractors…etc, and locking up a deal.
hey chandler I’m 21 years of age and I’m looking forward to buying my first duplex very soon in the next 6 months or so I love all the videos you put out 👍🏼
Nice, may I ask what you do for a living at the age of 21 to afford a duplex ?
Kudos 👏
@@thatredcam street pharmacy?
@@thatredcam probably lots of work and saving up money. Plus he is probably single and no kids. From his last name he is Hispanic lots of parents usually let their kids stay if they work and bring stuff to the table
@@thatredcam yeah man I am a electrician Monday-Friday and a server Saturday-Sunday just saving 80 percent of my earnings. Trying to build passive income
Thanks for all the tips. I've been thinking of buying some apartments but I have no idea of what is like to deal with all the stuff that you've mentioned. By the way I'm from New Zealand.👍
I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.
awesome video Chandler
Chandler, question: you buy multi-family and usually fix/rehab the exterior ... do you ever rehab the inside of each unit? When the tenants move out, that's when you do a nice rehab on the units? Or you just do light touches then? And how do you acct for that in your calculations? You use the cashflow to pay for those?
I've been looking at buying a duplex for my first property. My credit isn't the greatest. With the cost of the duplex and the current rental market, it's a no-brainer. So I've been working on trying to figure out away to secure a loan for the property.
Work on increasing your credit score. That can generally be done in just a few short months, depending on what is on it. You only need a 630 credit score to buy a duplex with an FHA loan. There are other benefits too.
@@marisastoneobrien7834 I'm actively working on getting my credit score up enough to make something happen.
What state are you purchasing in?
Likewise. I'm not sure where to start. My credit score is above 630 but how am I going to be able to provide a down payment *that* massive such as $250k down on a duplex.
@@comerpickles9485 perhaps you have some money coming on with this tax return coming soon? Otherwise, you have to find a way to save it up. Remember that when you are buying, you live in the home for the month and then pay for it, where as when you are renting you pay for the month at the beginning.
This means that if you buy in the middle of next month, your first payment is going to be a month and a half away. That allows you to collect your first month of rent and deposit before you ever even need to make a payment.
I appreciate your videos on apartments... I'm all in on single family property right now but I'm actively searching for either and apartment complex or a mobile home park, good deals are hard to come by in my area.
Wouldn’t recommend mobile home park
Mobile home park? Why
@@avdilluma1652 since it is a mobile home park you will not get as high of income, no appreciation only depreciation
@@brennonthompson835 ah okay. Another question for you is I don’t have the deal yet but I do have a private money lender that will act as a bank to me, but what kind of returns should I propose to him?
@@avdilluma1652 I would love to answer but there are too many variables that I don’t know
You really did a good job explaining this. It really helped me understand a lot more of what goes into buying properties.
Super motivational Chandler. I just locked up my first tenant in my first rental property. Looking forward to learning more from you!
hahahaha
Phrasing ! Lol . Hopefully the tenant has the key ?! 😂😂
@@socialclubmusic_ Lol I literally just realized how that sounded smh..
@@CadenLeno 😂😂 let him out for air man
@@BadForYourKidneys I'm desperate for CASH FLOW!! lol
I need to play this a few more times! Thanks ❤
Good information and I look forward to getting into this space
this channel is underated
Glad I watched this video.. I'm in the process now.. And I'll take your advice... Put down a fourth and spread the rest elsewhere... I'm nervous but being getting tons of advice before I make a move thanks maan
Can you skip the small steps (single family, duplex) and jump straight into deals like this???
Great content
Thanks man! Miss ya!!
I WILL OWN multiple 100 unit up apartment complex in my future
Sick man. Great advice and very clearly said.
Love your videos! Great practical advice, side note, d2d is where it’s at! Helped me start too.
Youre handsome! Good stuff bro.
After I graduate I plan on buying my first apartment complex! This was very insightful!
How about if you’re starting off on your first investment and you have the experience through books for a value add investment on a apartment building but you can’t get Private financing because you don’t have the “background” or “experience” to get approved. Is bringing someone into the investment that is experienced the only way or is there any other way?
@RBA Equity Sweat equity.
Hey Chandler, with a totally different real estate market now, how would you go about buying an apartment now or would you not buy at all?
Great video, I have 5 Single family homes and thinking about getting an apartment complex. thank you for the video.
How'd you get those single family homes? I'm trying to invest in some but have no clue where to start. No solid down payment. I don't even know if my credit score suffices. So many questions
Perfect I’m 20 look at buying a quad plex this year to house hack
You should make a video on shopping for a management company.
When you talk about building a good relashionship with the bank do you mean using the same bank all the time or the same loan officer?
Your videos are very nice
What different ways can we get money to do rehab?
Just curious...why wouldn’t you just hire a commercial mortgage broker with established relationships to shop all the lenders? Love the vids!
Extra cost?
What you pay in cost is made up in time savings and potentially better deals and terms.
When you listed Apt complexes I said out loud “ Well, got d@mn”🤣🤣🤣 I love it here. ❤️
Is it possible to do a 1031 exchange on a single-family home to a 5 unit appartment or bigger and differ the capital gains taxes and depreciation recapture taxes?
Yep
So what's the answer? Can this be done as a like-kind exchange?
Yes
Good vid bud.
What’s is an AM?
8 plex, $20k, that's pretty low. Assuming you're getting it at that rate and will be making improvements so that you're cash flowing better?
im 18 and want to get into real estate mainly owning an apt complex fs
I’m interesting in buying condo in bronx NYC but i would like to know what the average maintenances fee monthly and what is the average condo rent if I rent it ? I wanna calculate how much I can make monthly profit , thx
Bro has over a 100 units but sitting there selling y’all a $50 course. Wake up people
What to do when most of the deals nowadays have been quite overpriced?
Curious what your rates are now in the current market?
As aperson whos making 40k+ a year. What do you think of me getting an 20 to 30 unite apartment complex?
How to find complexes for sale?
Hi Chandler, thanks for the video. I have about $750K in equity in multiple SFR in AZ and CA, I want to sell and move up to apartment buildings. Do you have any suggestions? Should I take out HELOC's instead of selling? Getting ready to retire in 3 years so I need to make final retirement moves now. Thoughts?
How do you name your business and what should I name it if I want to do a multitude of things
Literally never heard of someone saving 30% on an apartment complex. That’s not realistic. I’m not sure what the point of this particular video is. Are you saying that Average Joe (the 99%) has a real shot at saving say around $300,000 in a single life time? This is not a video giving real world advice. Im not trying to hate I’m just saying that you don’t need 30% saved up in your bank account I’m sure some do it but that is few and far between. I’m sure you have done great with your techniques but for the 99% this method is unachievable.
Someone had to say it. Thank you!
People can't even afford to put 20% down to buy a home of their own, much less put upwards of 30% on a multi-million dollar loan on a property.. It easy to say just save your money, but very few people would ever be able to save that substantial amount of money just working regular jobs. Good info, but some of your advise is completely out of the question for average people to start investing in this kind of real estate.
Your doing gods work
With all those properties, do you use a property management company? That’s a lot of units.
What do you mean when you say wholesaler?
I dont know where u r finding these incredibly great deals that gives u >10% cash on cash return. We own some properties ourselves and do alot of research in VA and WA. Maybe u can find 3% cash on cash return. 10% seems unrealistic. 440k house will rent for $2500 in my experience
he's in Idaho. i wouldn't even do a real estate deal with a 3% cash on cash return makes 0 sense you can get that in a bond fund
Damn you doin yo shit motivation you my new competition
Wishing you and the family well 🙏🏽 an best holiday wishes to you *Chan Man*
See you gotta come up with 20-30% where did you come up with money? Self made or did you come up some how?
What is the name of bank?
What is the website for searching for 8units or 32?
Great video. Great channel
How about build to rent?
Love this guy!
Look at apartments the are willing to sell how do I do this
Good info. What market are you in?
The link to the course doesn't work((
It looks like it’s working. If not shoot me a message on Instagram and show me the problem and I’ll hook you up with a discount
What happens when there is another pandemic and a moratorium on evictions and the tenants do not pay rent even when they are capable? The mortgage is paid by you, not your tenants. The mortgage still must be paid.
Rent to section 8
Tools of the Titans a great book
Thank u God bless you
lease, they swore the information was sent to my current address but I
Confused, your “market” goes up 10-15%/year, but is that SFR? Isn’t multifamily value based current rents collected? Also, C+ property AND great appreciation? This is Lala land
If you could get a 70% loan on an apartment complex, is it possible to get the rest of the 30% from a private lender, or is that not recommended?
Do you have to have your LLC in the same state you are buying and holding?? Or Can my LLC be in a different state? Thank you so much for the content and info!
Ask your attorney, usually you get an LLC in the state of the asset
PSA : It also works if u have a VERY GOOD credit score and need inquiries, collection accounts, charge offs or debt etc removed .........
What banks you talking about? What are the name of banks?
Do you offer any classes or possibly do any one on one courses?
Awesome 😎
Probably a dumb question, but does personal income matter when getting a commercial loan? Or does the deal itself just supersede any weakness in one’s personal income?
It depends
How do I buy a property without paying for it out of packet other than the down payment? I have invested in real estate. I had a good paying job, got a loan with a down payment and bought 3 properties this way. I recently sold 1 3-family property I held for 17 years and still have 2 properties free and clear. I have a decent amount of money saved. Now, I do NOT have a job and have not had 1 for a few years. But I want to buy another property. I tried to get a loan from my local bank (who loaned me the money for the 3 properties) but they will not give me a loan due to not having recent job history even though I have good assets, cash, no debt, a track record and FICO of 820. I'm told to try borrowing against a life insurance policy. What is your take on that approach?
do a cashout refinance
Thanks, for sharing
Chandler how can I contact you?
Have you done a Syndication before Chandler? That would be a great explanitory video
Did you buy them right out or did you go through the bank?
Have you heard of Ben Mallah? That guy is wild.
What’s the purpose of a title company
Very cool thanks 🔥☺
Could you explain what Balloon payment for first 10 years is?
Usually those have amortization for 20 or 30 years. Meaning your payment is like a 30 year loan. But the balance is due in 10 years. But you can refinance in 10 years so you technically don't have to come up with the balance.
Where to find investors??? Im in PUERTO RICO its a Headache to find them
Thank you🤜🤛👍
Hi Chandler, my partner has a 25 unit apartment building in Springfield IL. under contract. He wants a partner to bring capital. He wants a 50/50 equity split. 425k is purchase price. 75 k in repairs. 600k is ARV. 85% occupied. rent is 450 per door. Also, a Duplex is part of the deal worth 50k. I waiting on the P/L and inspection to be done. complete. My partner said he has a HUD deal to Triple NNN the renters. You think I have a deal here? Where can I get help to underwrite?
Great! Can you share updates? Apt investment is not simple as people might think. Many factors and analysis and many people involved. If done right, cash flow will be great and wealth is created.
i want to buy my first house-apartment but im scare and i dont know how :(
I have a tenant that’s 6 months delinquent.
Mortgage and HOA only 750$ a month.
I have a HELOC for my next one but my plan will only work if my tenant pays on time
Why is that person still there?