How to Buy Your First 4-Plex (step-by-step)

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  • เผยแพร่เมื่อ 19 ม.ค. 2025

ความคิดเห็น • 224

  • @freedomfan
    @freedomfan 2 ปีที่แล้ว +702

    I own a few properties in Iowa and one in Pensacola FL. Never raised rent on a tenant or charged for application fees or late fees. Always gave the full deposit back. I try to not stress people financially especially if they are college students or have kids. In return the leave my property in better shape than I gave it to them. I could have made a few thousands more squeezing every penny out of them, but the sense of reward I get by treating them like humans is priceless to me.

    • @IWBVS
      @IWBVS 2 ปีที่แล้ว +17

      All pretty good tenants? Some of ours have been entitled and very unappreciative of what they have.

    • @vStr1ct
      @vStr1ct 2 ปีที่แล้ว +8

      God bless you

    • @RDM1113R
      @RDM1113R 2 ปีที่แล้ว +3

      Give me a chance.

    • @eliubfj
      @eliubfj 2 ปีที่แล้ว +19

      Never raised rent? That's not how it works chief

    • @mermaidmia8499
      @mermaidmia8499 2 ปีที่แล้ว +1

      Great job

  • @keyvonk98
    @keyvonk98 หลายเดือนก่อน +2

    Just finished college last December. Just got my pre approval about a week ago and now I’m starting to look at 2-4 units. Very excited!!

  • @tylergorsuch6418
    @tylergorsuch6418 7 หลายเดือนก่อน +9

    As a realtor I would give this video my sign of approval

  • @Adams52523
    @Adams52523 ปีที่แล้ว +89

    Almost everyone, including the media, is anticipating a market catastrophe, and as a result, many are turning a blind eye to the opportunities in the market. I began investing in stocks and Def earlier this year and it is the best choice I've ever made. My portfolio is rounding up to almost a million and I have realized that when a stock makes it to the news, chances are you're quite late to the party, the idea is to get in early on blue chips before it becomes public.There are lots of life changing opportunities in the market, maximize it

    • @doriradden483
      @doriradden483 ปีที่แล้ว

      What opportunities are there in the market and how do I profit from it?

    • @1Azul_wells
      @1Azul_wells ปีที่แล้ว

      ​@@doriradden483You can make a lot of money from the market reg ardless of whether it strengthens or crashes. The key is to be well positioned.

    • @henrypatterson1281
      @henrypatterson1281 ปีที่แล้ว

      ​@MichaelPraise-bm3dmAll you need is a good capital and the service of a professional broker, with those your investment will most certainly produce high yields.

    • @DavisFreeman-nu1cu
      @DavisFreeman-nu1cu ปีที่แล้ว

      ​@@henrypatterson1281Do you have an idea of any good broker I can start with?

    • @nobleclinton8305
      @nobleclinton8305 ปีที่แล้ว

      I would suggest Patricia strain, my current broker. Her services are excellent and her returns are great. I looked her up after seeing her on a CNBC market interview

  • @doordiariesre
    @doordiariesre ปีที่แล้ว +19

    I appreciate how informative and well-researched this video was. It's clear that you put a lot of time and effort into your content.

  • @armandorios6460
    @armandorios6460 2 ปีที่แล้ว +59

    As a Loan Officer i can agree 100% on the negotiation side. I always recommend my friends and family to compare at least 3 different style of lenders( bank/credit union, Broker, and Direct lender exp. Quicken loans) you will find out just how much you we’re getting overcharged asap. Make sure to pull your credit and get an actual LE from all 3 or else your waisting everyones time.

    • @BG-jg4pt
      @BG-jg4pt 2 ปีที่แล้ว +5

      As an LO for rocket this is true. We will not match or try to beat an offer unless you have a loan estimate. We have only so much negotiating room the only way we can shoot you to our markets team is if we can see an LE from a broker or credit union. Also make sure that you’re comfortable with who you are working with. The cheapest lenders come with a price. How available are they? Do they service the loan for its whole life? How quickly can they close? Also check the rank of the banker you work with. Most companies bankers have titles which match their competency. Mortgage pricing is not as straight forward as most people think and I have a made a career getting loans to work other lenders or even fellow bankers could not get to work simply by having higher guideline and product knowledge.

    • @dayd7892
      @dayd7892 ปีที่แล้ว +2

      What’s LE?

    • @justinrobertson9638
      @justinrobertson9638 ปีที่แล้ว +1

      @@dayd7892 loan estimate

    • @LoZu-vz5rj
      @LoZu-vz5rj ปีที่แล้ว

      @@dayd7892 Loan Estimate

    • @InfamousKiddXD
      @InfamousKiddXD ปีที่แล้ว

      Le?

  • @taylormarie4172
    @taylormarie4172 ปีที่แล้ว +1

    I’m 55 seconds in and subscribed, liked and hit the bell! Please be a good video! 😂

  • @gtcam723
    @gtcam723 ปีที่แล้ว +6

    Ok, but how does preapproval work when trying to use projected rents towards approval if you don’t know which property yet? ?

  • @gibs5338
    @gibs5338 ปีที่แล้ว +3

    Don't you need a property management ready at pre-approve to know the rents are going for and expenses will be?

  • @MasotaMau
    @MasotaMau ปีที่แล้ว +5

    About to close on my first 4 plex and now need to find a management company . Your calculator helped big time

  • @probst9999999999
    @probst9999999999 ปีที่แล้ว +1

    How do you suggest qualifying for RE professional status without managing yourself if you don't have enough money to keep buying so much that the time spent buying qualifies you?

  • @texans117
    @texans117 ปีที่แล้ว +1

    What’s the best loan to try and get as a first time home buyer FHA ?

  • @jon-slem
    @jon-slem 8 หลายเดือนก่อน +1

    Have you ever built a triplex or quadplex from ground up? That would be a great video if someone just wanted to build

  • @joaquinjackson7510
    @joaquinjackson7510 ปีที่แล้ว +1

    Your app is gold!! Thanks man

    • @lolz5956
      @lolz5956 8 หลายเดือนก่อน

      What app

  • @hbsoc200
    @hbsoc200 ปีที่แล้ว +2

    Great video, I learned a lot from you today! I have quick question, I never bought a property so this will be my first time, but I am doing my homework before I start. According to your video, once you have your multifamily property, why would you recommend getting a Management Company? I heard thru other TH-cam videos once you buy a multifamily home and if I decided to continue working, I will end up paying more taxes, and the only way to get away from paying taxes if I am managing my own property? Help me make sense on this, please?

  • @joannegarcia9171
    @joannegarcia9171 2 ปีที่แล้ว +5

    Love this video given me a lot to think about always thought of investing in a small building.

  • @ultimatematty
    @ultimatematty 2 ปีที่แล้ว +10

    How do you get banks/mortgage companies to approve a multi unit property with an FHA loan? In KY some lenders act like you're stealing something and refuse to approve multi unit mortgages on FHA.

    • @Trektrendy1.
      @Trektrendy1. 2 ปีที่แล้ว

      🔝Thanks for the feedback, I will introduce you to something new and profitable...
      Text the above digits for more infor!...

    • @diffasmr2296
      @diffasmr2296 ปีที่แล้ว +2

      In Texas you can only use FHA on 4 plex or under. Anything above 4 plex you can’t use FHA.

    • @ultimatematty
      @ultimatematty ปีที่แล้ว

      @Diff ASMR Same in KY but a loan officer based on their personal feelings acts like they just won't do it.

    • @ultimatematty
      @ultimatematty ปีที่แล้ว

      @Diff ASMR even when its 4 plex or under

    • @JakeAlexander.
      @JakeAlexander. ปีที่แล้ว

      @@ultimatemattyif that loan officer is giving you pushback, I would discard them and work with a different loan officer

  • @Jenna888s
    @Jenna888s 2 ปีที่แล้ว +3

    Wow. That was chalked full of gold nuggets. Thanks so much!

    • @Trektrendy1.
      @Trektrendy1. 2 ปีที่แล้ว

      🔝Thanks for the feedback, I will introduce you to something new and profitable...
      Text the above digits for more infor!...

  • @j.w.7688
    @j.w.7688 2 ปีที่แล้ว +2

    How big of a Lot do i need to build an adequate, appealing quadplex with 3 beds, two baths per? Thnx.

  • @a.perales7340
    @a.perales7340 11 หลายเดือนก่อน

    Stumbled onto this by sheer accident….how did you get funding for all the 4plexes you own and don’t they usually, at least most lenders, require you to live in them? Private lending?

  • @karenarellano25
    @karenarellano25 ปีที่แล้ว +6

    My only worry is not getting tenants and then Im struggling to pay the mortgage ☹️

  • @donduke9396
    @donduke9396 ปีที่แล้ว +1

    Thanks for the info man, very informative and you got a new subscriber

  • @stephenwhitt1338
    @stephenwhitt1338 ปีที่แล้ว +1

    I NEED SERIOUS ADVICE. We're about to rent an apartment in a 4plex. My wife asked the new landlord about us buying a quad. Her response was quite negative:
    1) if you're young and can do a lot of the work yourself, then it can be worthwhile
    2) it is quite costly. Her last tenant moved out. The changes they're having to make - carpet, new fiberglass tub, etc - would cost thousands if they had to hire someone to do this.
    3) the maintenance of 4 apartments is more expensive than you could imagine.
    4) she recommended a duplex
    I NEED to know if all this is true. OUR thought was, we would move into one of the apartments, we would put $800 each month towards our own towards the mortgage, and anything above the full mortgage would be divided between paying principal payment and savings for maintenance.
    But if we have to keep paying expensive maintenance, how can we make a profit???
    I understand the calculator, but she's saying we have to constantly paint, change carpet, etc. What are your thoughts????????

    • @Dope4life97
      @Dope4life97 ปีที่แล้ว

      4plex is the way

    • @seanwest9451
      @seanwest9451 ปีที่แล้ว +3

      I work in multifamily. There are always repairs and maintenance costs in any apartment unit (quad or duplex) but having 3 people subsidize your mortgage instead of 1 the math tends to work a bit better. Just try to buy something in good shape unless you're comfortable with the scope of work, and always get a really good inspection and potentially an opinion from a contractor you trust. There are things to look out for like poly pipes, stablok breakers (80s), aluminum wiring and asbestos or lead based paint (pre 1972) that could cause maintenance issues. Less things like that to worry about with a more recently built property, and there are plenty of properties that don't have those.

    • @JakeAlexander.
      @JakeAlexander. ปีที่แล้ว +6

      She could be exaggerating. If you buy a newer fourplex, it would likely require less maintenance then an older one. The maintenance costs she’s referring to mostly occur when a tenant moves out and you have to get the unit “nice looking” again before renting it out to a new tenant. Having a solid rental agreement with your tenant could also help with maintenance costs. If the tenant damages any parts of the property, their security deposit will be used to fix the damage. If the costs to fix the damage exceed the tenant’s security deposit, then you’ll have to pay the rest out of pocket. Make sure to document the condition of the property with lots of detail and pictures prior to the tenant moving in so that, when the tenant moves out, you’ll know exactly what was damaged. I’d take 360 degree pictures with an insa360 camera or a matterport and save them for review at the time of move-out.

    • @jessicapaolagonzalezramire8916
      @jessicapaolagonzalezramire8916 21 วันที่ผ่านมา

      And remember you should put the property in an LLC then you will deduct everything from your taxes : interest, repairs etc

    • @jessicapaolagonzalezramire8916
      @jessicapaolagonzalezramire8916 21 วันที่ผ่านมา

      4plex

  • @robtaylor5623
    @robtaylor5623 2 ปีที่แล้ว +8

    This is a wonderful video fast past and informative no BS

    • @Trektrendy1.
      @Trektrendy1. 2 ปีที่แล้ว

      🔝Thanks for the feedback, I will introduce you to something new and profitable...
      Text the above digits for more infor!...

  • @poolshar
    @poolshar ปีที่แล้ว +3

    looking for a 4-plex in Huntsville AL and surrounding areas for 300000 and was pre-aproved and got a 3.5% down and was wondering what website shows 4-plexes on sale before they go on market

    • @madsalvy808
      @madsalvy808 ปีที่แล้ว

      probs will have to talk w real estate agent or get real estate license or have a real estate friend w access

  • @ambitiousbeauty1013
    @ambitiousbeauty1013 4 หลายเดือนก่อน

    How much usually is the monthly mortgage payment for 1 quadplex?

  • @trentonmcelwain2945
    @trentonmcelwain2945 2 ปีที่แล้ว +24

    Watching this video in my first current four plex house hack for the first night laying in bed late at night 😌😌

    • @Trektrendy1.
      @Trektrendy1. 2 ปีที่แล้ว

      🔝Thanks for the feedback, I will introduce you to something new and profitable...
      Text the above digits for more infor!...

    • @greaterishe7197
      @greaterishe7197 ปีที่แล้ว

    • @ilegendplayz2077
      @ilegendplayz2077 10 หลายเดือนก่อน +1

      How’s it going bro any advice?

    • @dmoore9533
      @dmoore9533 6 หลายเดือนก่อน

      Congratulations

    • @trentonmcelwain2945
      @trentonmcelwain2945 6 หลายเดือนก่อน

      @@ilegendplayz2077 going great! Waiting for some more to come on the market I’ve been cold calling and got a couple leads but everyone wants way to much right now, my only advice would be if you find a good deal you have to jump on it! They fly off the shelves right now

  • @kerriobartlette4668
    @kerriobartlette4668 11 หลายเดือนก่อน

    Great video, thanks for the info

  • @JonthonPrice-h4w
    @JonthonPrice-h4w 2 หลายเดือนก่อน

    great info thanks for the content

  • @targetguy777
    @targetguy777 2 ปีที่แล้ว +8

    I have bought a four plex in the past and even with a good cash flow there were always vacancys and repairs. If anyone buys one they need to be prepared for vacancys and repairs because all the get rich schemes wont mention this and many have given their house to a flipper because they did not have the money to fix the property and the hobos inhabited the property while the city fines the owner for trash on the property.

    • @davehughesfarm7983
      @davehughesfarm7983 ปีที่แล้ว +5

      Note: stay out of blue cities...

    • @youaregoingtolovethis
      @youaregoingtolovethis 5 หลายเดือนก่อน +2

      @@davehughesfarm7983 Stop the politics. This happens everywhere in red cities and states too.

    • @KJInvesting
      @KJInvesting 5 หลายเดือนก่อน

      I help people buy their first 4-plex or 8-plex brand new build for pre-sale. Low capital Entry

  • @sashikadesilva2677
    @sashikadesilva2677 ปีที่แล้ว

    Since you have to put a big down payment for the 1st one , how do you invest in 2 or 3
    More afterwards ?

  • @ritahogikyan8560
    @ritahogikyan8560 2 ปีที่แล้ว +1

    Great video ! I wish u were in Vancouver to coach a Newbie like me

  • @galvinferguson5336
    @galvinferguson5336 2 ปีที่แล้ว

    Thanx for the information! I really enjoyed this video.

  • @DL-1
    @DL-1 2 ปีที่แล้ว +5

    Why aren't more builders building new fourplexes? Why aren't new construction buyers getting them built, and renting out the other units? What is the way to win with new construction builds?

    • @Trektrendy1.
      @Trektrendy1. 2 ปีที่แล้ว

      🔝Thanks for the feedback, I will introduce you to something new and profitable...
      Text the above digits for more infor!...

    • @KJInvesting
      @KJInvesting 5 หลายเดือนก่อน

      Hello, I help people invest in 4-plex or 8-plex brand new build

  • @kingradway
    @kingradway 2 ปีที่แล้ว

    This was reallllyyyy goooood!

    • @Trektrendy1.
      @Trektrendy1. 2 ปีที่แล้ว

      🔝Thanks for the feedback, I will introduce you to something new and profitable...
      Text the above digits for more infor!...

  • @ireneochoa6972
    @ireneochoa6972 ปีที่แล้ว

    I would like to buy a four Plex or four unit to get my four kids started in a property they can live in (or not) and eventually own. I want to give them a start. I'm not seeing information on how to buy property with this in mind.

  • @grant9047
    @grant9047 ปีที่แล้ว

    I've never bought a property but I really want to just don't really know where to start

  • @lorenazaragoza6411
    @lorenazaragoza6411 ปีที่แล้ว

    Thanks. Short, sweet and to the point!

  • @livefree4937
    @livefree4937 2 ปีที่แล้ว +1

    Good video. Thanks for creating it.

    • @Trektrendy1.
      @Trektrendy1. 2 ปีที่แล้ว

      🔝Thanks for the feedback, I will introduce you to something new and profitable...
      Text the above digits for more infor!...

  • @kobesills3034
    @kobesills3034 2 ปีที่แล้ว +2

    I’m planning on using my VA loan to purchase a four plex

    • @kamikadavis8959
      @kamikadavis8959 ปีที่แล้ว

      same boat!

    • @angelacosta6432
      @angelacosta6432 4 หลายเดือนก่อน

      What has it been like? Could you give me the step by step of what you did?

  • @stefanmarin5011
    @stefanmarin5011 11 หลายเดือนก่อน

    Why is a management company so important for 2-4 houses?
    I mean you only do something if there is a need. Your tenant may run 12 months without putting a request and you are paying that company to do absolutely nothing. And if there is a request, how difficult is to make a phone call and have a handyman fix it?
    Other than that I can understand the eviction process that they can help a lot with it but

  • @pikanoliy2245
    @pikanoliy2245 ปีที่แล้ว

    Great video

  • @sunflower5749
    @sunflower5749 ปีที่แล้ว

    Thanks. I just UNSUBSCRIBED from the “other real estate guy” for you. You are extremely HELPFUL. I just subscribed!!!!❤❤❤

  • @crazy3rdgen
    @crazy3rdgen 2 ปีที่แล้ว +1

    Wild... gets it under contract with contingencies asap and then decides to pick the property apart, renegotiate with the seller and the bank.

  • @quangvu4361
    @quangvu4361 ปีที่แล้ว

    I just made an offer on my four Plex in California hopefully I will get lucky and get the property.

  • @914501149
    @914501149 2 ปีที่แล้ว +2

    I enjoyed this video it was easy to follow and I want to build my rental property portfolio and this video step by step process will ensure I do it correctly!

    • @Trektrendy1.
      @Trektrendy1. 2 ปีที่แล้ว

      🔝Thanks for the feedback, I will introduce you to something new and profitable...
      Text the above digits for more infor!...

  • @kilo2caliplaylists922
    @kilo2caliplaylists922 ปีที่แล้ว

    Hmm.. I’m new to this. With not so good credit. But if I can learn how to get a fourplex my life would change

  • @FloatingStar2767
    @FloatingStar2767 ปีที่แล้ว +2

    I’ve seen this 4 times but the beginning 12 times. 😅
    I’m still scared of trying. I really want a 4 plex to house hack while learning and then doing it again.
    But still! I’m scared! I’m the type of person who like doing things on my own but I really want someone to hold my hand thru this.
    Ewwww what a weird feeling. 😂

    • @KJInvesting
      @KJInvesting 5 หลายเดือนก่อน

      Hello, I help people invest in 4-plex or 8-plex brand new build

    • @lukehood5546
      @lukehood5546 5 หลายเดือนก่อน

      Give me the money while I hold your hand

    • @FloatingStar2767
      @FloatingStar2767 5 หลายเดือนก่อน

      @@lukehood5546 yea ok.

  • @sjtanman
    @sjtanman 2 ปีที่แล้ว +1

    What's the good idea to get the 20% down payment?

    • @RealWorldMaverick
      @RealWorldMaverick 2 ปีที่แล้ว

      work. Go to sales job or take a second job, work more hours at your job if possible. budget every single dollar you make so you know where its all going and you can cut out unnecessary spending. Find a side hustle. no one can give you an answer only you can figure out what works for you and your family

    • @Daviirose3
      @Daviirose3 2 ปีที่แล้ว +4

      Get an fha loan and use it to buy a 4plex or triplex. Converted to conventional then repeat the process

    • @deadcell1
      @deadcell1 2 ปีที่แล้ว

      Invest in the stock market or crypto.

    • @MrTeezy21
      @MrTeezy21 ปีที่แล้ว

      ​@@Daviirose3 convert it to conventional why?

    • @Daviirose3
      @Daviirose3 ปีที่แล้ว +2

      @@MrTeezy21 once you have the full 15-20 percent down in that fha loan you can refinance and convert it into conventional

  • @tweetybird3781
    @tweetybird3781 2 ปีที่แล้ว

    Thanks Sir. Very informative

  • @carbonfibercreationswashin7213
    @carbonfibercreationswashin7213 2 ปีที่แล้ว +2

    Anyone can buy property with good credit and some money wether that be their own money or someone elses money.

    • @Trektrendy1.
      @Trektrendy1. 2 ปีที่แล้ว

      🔝Thanks for the feedback, I will introduce you to something new and profitable...
      Text the above digits for more infor!...

  • @AllThingsYesenia
    @AllThingsYesenia ปีที่แล้ว

    Could you help me walk me through a purchase, I found a deal in Orlando

  • @legendaryrscopridge
    @legendaryrscopridge ปีที่แล้ว

    Thanks for sharing!

  • @doespeople
    @doespeople ปีที่แล้ว

    Has anyone tried his course??

  • @garfieldroufpaws9452
    @garfieldroufpaws9452 ปีที่แล้ว

    Anyone know where to find a mentor for real estate

  • @KidCity1985
    @KidCity1985 ปีที่แล้ว

    ❤ sending my love❤ thank you.

  • @benjaminlehman3221
    @benjaminlehman3221 2 ปีที่แล้ว +20

    Step 1: find a 4plex
    Dang it

    • @Mustafakhan-qg6nv
      @Mustafakhan-qg6nv 2 ปีที่แล้ว

      💀

    • @Trektrendy1.
      @Trektrendy1. 2 ปีที่แล้ว

      🔝Thanks for the feedback, I will introduce you to something new and profitable...
      Text the above digits for more infor!...

  • @adamzioriophotography
    @adamzioriophotography ปีที่แล้ว

    I’m looking into a 6 plex, it’s my first time buying something. Anyone have any suggestions? I’ll take ANY information or suggestions. Thank you!!

  • @Rowewhitcomb
    @Rowewhitcomb 2 ปีที่แล้ว

    Deserves more views

  • @markalexander3953
    @markalexander3953 2 ปีที่แล้ว

    Thank you. Very informative!

    • @Trektrendy1.
      @Trektrendy1. 2 ปีที่แล้ว

      🔝Thanks for the feedback, I will introduce you to something new and profitable...
      Text the above digits for more infor!...

  • @luisrivera5314
    @luisrivera5314 2 ปีที่แล้ว

    Great advises! Thanks

  • @ashog1426
    @ashog1426 2 ปีที่แล้ว

    If not this year next year ill be ready baby

  • @RagnarLothbrok2222
    @RagnarLothbrok2222 2 ปีที่แล้ว +2

    Good luck finding one that cashflows!

    • @Trektrendy1.
      @Trektrendy1. 2 ปีที่แล้ว

      🔝Thanks for the feedback, I will introduce you to something new and profitable...
      Text the above digits for more infor!...

  • @luo6963
    @luo6963 หลายเดือนก่อน

    Thanks

  • @valentinlozoyau2732
    @valentinlozoyau2732 ปีที่แล้ว

    God bless you chandler

  • @agtj9019
    @agtj9019 2 ปีที่แล้ว +1

    Love your knowledge on real estate and course. The best thank you my brother.

    • @Trektrendy1.
      @Trektrendy1. 2 ปีที่แล้ว

      🔝Thanks for the feedback, I will introduce you to something new and profitable...
      Text the above digits for more infor!...

  • @jahjahbanks7491
    @jahjahbanks7491 ปีที่แล้ว

    Great info

  • @midamericaaviation1648
    @midamericaaviation1648 ปีที่แล้ว

    Thank you for the information!

  • @marinamefak3854
    @marinamefak3854 3 หลายเดือนก่อน

    Thank you

  • @GarethJRubery
    @GarethJRubery 2 ปีที่แล้ว

    Thank you heaps Chandler

  • @joelmiller3132
    @joelmiller3132 ปีที่แล้ว

    Awesome!

  • @theregionalj1944
    @theregionalj1944 2 ปีที่แล้ว

    Great video. But idk if ive ever heard the word niche so much, so fast in my life 😆 great content as always! Thanks chandler!!

  • @cristiangabrielfeliz6324
    @cristiangabrielfeliz6324 ปีที่แล้ว

    HELLO QUICK QUESTION! WHAT IS THE LOAN AMOUNT LIMIT FOR FHA LOAN ON MULTIFAMILY PROPERTY?

  • @bmanscire
    @bmanscire 10 หลายเดือนก่อน

    Bro you are the man 🫡

  • @codymccormick1035
    @codymccormick1035 ปีที่แล้ว

    Please help, Can I ask you a question on the side?? Going to make an offer on one!

  • @jamarmills8575
    @jamarmills8575 6 หลายเดือนก่อน

    They are giving me a hard time getting pre approval

  • @Rafaellasvegas
    @Rafaellasvegas ปีที่แล้ว

    Definitely not pre approved for a multi family. College student & 4 plex is $500k.
    How on earth is it doable for someone like me?
    140k is my pre approval no co signing is possible.
    I was told income generated from other units can help…. Any suggestions??
    Super frustrating since my income is junk and I’m overwhelmed in Las Vegas. Cant even afford a single family.

    • @seanwest9451
      @seanwest9451 ปีที่แล้ว

      House hack or getting an investor (maybe through your college if you're involved in a real estate program). There are probably some alumni of whatever school you're going to that are big in the real estate industry, if you bring them a good enough deal and are coachable you could negotiate a piece potentially. You can also get your real estate license

  • @Aragon714
    @Aragon714 2 ปีที่แล้ว

    Wow this is good stuff

    • @Trektrendy1.
      @Trektrendy1. 2 ปีที่แล้ว

      🔝Thanks for the feedback, I will introduce you to something new and profitable...
      Text the above digits for more infor!...

  • @dinnolinno
    @dinnolinno 4 หลายเดือนก่อน

    Very chatgtp answers

  • @arvidelltd.3259
    @arvidelltd.3259 2 ปีที่แล้ว

    Chandler please do weekly livestreams

    • @Trektrendy1.
      @Trektrendy1. 2 ปีที่แล้ว

      🔝Thanks for the feedback, I will introduce you to something new and profitable...
      Text the above digits for more infor!...

  • @ashtonalexander7026
    @ashtonalexander7026 2 ปีที่แล้ว

    Do you think this video is still applicable Chandler?

  • @creative.writer
    @creative.writer 7 หลายเดือนก่อน

    Do you need vedio editor for your vedios ..as I edit vedios for you people...if you want then reply me

  • @JohannyGuillen
    @JohannyGuillen 2 ปีที่แล้ว

    I’m single mother no help ! I don’t have any property I live in a little apartment and I’m watching this videos cause I want to buy my first property I want a fourplex and keep going ! I’m a massage therapist and my body and hands hurts all the time !

    • @seanwest9451
      @seanwest9451 ปีที่แล้ว

      I would look into FHA loans and first time home buyer assistance programs from your state's housing agency. If you can't afford to buy a house yet and make less than 60% of your counties area median income I would Google affordable housing in your county and apply for a low income housing tax credit project or see if you can get a housing voucher from the local housing authority. This should help your immediate situation and help you save up money to buy something

  • @porkchop8131
    @porkchop8131 2 ปีที่แล้ว

    Awesome

    • @Trektrendy1.
      @Trektrendy1. 2 ปีที่แล้ว

      🔝Thanks for the feedback, I will introduce you to something new and profitable...
      Text the above digits for more infor!...

  • @HTRmark
    @HTRmark 9 หลายเดือนก่อน

    💙💙💙💙

  • @chrisbolden7074
    @chrisbolden7074 ปีที่แล้ว

    Bro keep saying nitch is getting too me 😂😂

  • @algreen273
    @algreen273 2 ปีที่แล้ว +3

    After few minutes it was clear that you do not know anything about buying multi-family. You terminology is all wrong and vague. Multi-family is bought as a business and its evaluated on its cash flow. No bank will talk to you before you find the property and bring the financials of that particular property. Few have the financial "income" to support "pre-approval" for few hundred thousands or couple of millions.

    • @probst9999999999
      @probst9999999999 ปีที่แล้ว +1

      4 plex are eligible for the same loans as SFH, I had a preapproval for a 4 plex before they just told me it must be 4 units and have at least 5k in total rents for that preapproval.

    • @myleonhomes
      @myleonhomes 14 วันที่ผ่านมา

      4-plex still classified as residential. Can use conventional, sometimes FHA and definitely VA. Debt to income is a big factor not all the other financials/ratios needed like a commercial property.

  • @y.e.s.forchristjesusminist5530
    @y.e.s.forchristjesusminist5530 2 ปีที่แล้ว

    ~Proverbs VI

  • @shawnm5692
    @shawnm5692 2 ปีที่แล้ว +1

    okay so now you have a 4plex... now what? :)

    • @iNsAnEwBiE
      @iNsAnEwBiE 2 ปีที่แล้ว

      I think you missed the last step, which answers this question.

    • @shawnm5692
      @shawnm5692 2 ปีที่แล้ว

      @@iNsAnEwBiE as in more depth though. perhaps a whole video dedicated to it

    • @RealWorldMaverick
      @RealWorldMaverick 2 ปีที่แล้ว

      everyones path is different. what are your goals? that may be something you need to figure out. congrats on the 4plex do you want more? you could repeat the process. with the cash flow you may be able to get approved for more now if you wanted maybe a 6-plex

  • @user-dr2pg8fk2i
    @user-dr2pg8fk2i 2 ปีที่แล้ว +2

    "Step 1: have money!" Yeah no shit.

  • @christophersmith49
    @christophersmith49 ปีที่แล้ว

    Of market approaching people he is basically telling to be a scumbag lol dude that works only with losers. People don't be losers when selling your home. Know your value and do t get out in urgency. Sell when you have as much time as you want. Don't get pressured sell under value.

  • @aaronm9786
    @aaronm9786 ปีที่แล้ว +1

    Retrading (re-negotiating) is poor ethics. Trash advice.

    • @JuancoPRoFlow
      @JuancoPRoFlow 8 หลายเดือนก่อน

      Not if you really found any issues that mess up your original numbers.

  • @christophersmith49
    @christophersmith49 ปีที่แล้ว

    You need money for deposit, regular good income and good credit. Else f you. So not sure what Thai video is about lol

  • @kowshikdas5298
    @kowshikdas5298 10 หลายเดือนก่อน

    😂😂😂😂😂😂

  • @jgg204
    @jgg204 2 ปีที่แล้ว

    Ha ha ha not happening in this market

    • @Trektrendy1.
      @Trektrendy1. 2 ปีที่แล้ว

      🔝Thanks for the feedback, I will introduce you to something new and profitable...
      Text the above digits for more infor!...

  • @yahosephbenyisrael917
    @yahosephbenyisrael917 2 ปีที่แล้ว

    Hey Chandler. Whats your email? I want to add you to my buyer's list. Im a virtual wholesaler.

    • @Trektrendy1.
      @Trektrendy1. 2 ปีที่แล้ว

      🔝Thanks for the feedback, I will introduce you to something new and profitable...
      Text the above digits for more infor!...

  • @orkuntelegramfxtv9647
    @orkuntelegramfxtv9647 2 ปีที่แล้ว +4

    Nice content mate! So happy to announce that I have gained financial freedom by investing in digital currency.

    • @orkuntelegramfxtv9647
      @orkuntelegramfxtv9647 2 ปีที่แล้ว

      I'm totally delighted that someone mentioned and recommended Expert MRS CELINA JOHNSON, I thought I'm the only one trading with her

    • @christophermario3801
      @christophermario3801 2 ปีที่แล้ว

      @@orkuntelegramfxtv9647 Who's this professional everyone is talking about
      I always see posts about people talking about her in Almost all TH-cam video I watched., How can I get to connect with her?

    • @orkuntelegramfxtv9647
      @orkuntelegramfxtv9647 2 ปีที่แล้ว

      @@christophermario3801 you can reach out to her on telegam

    • @orkuntelegramfxtv9647
      @orkuntelegramfxtv9647 2 ปีที่แล้ว

      @@christophermario3801 investwithfxcelina is her user name

    • @zeusgeorge8928
      @zeusgeorge8928 2 ปีที่แล้ว

      Trading as a newbie is quite stressful and discouraging but after linking up with expert MRS CELINA my financial situation changed

  • @FamRoblesI2812
    @FamRoblesI2812 2 ปีที่แล้ว +13

    Great video, I want to do this whole process is just everything is so new and there is always that feeling that you don’t want to take wrong decisions.