Chandler - you inspired my husband and I to make our first real estate purchase. We’re in escrow on a 4-plex. I always talk about you now on Facebook. Thank you for all your hard work on You Tube.
@@cjohnson24 we also rented out our previous primary home last year, which nets $800 per month. We hope to sell this year after these market gains. It’s a 1970’s home and not worth the upkeep. Hopefully we can use the next profit on that to invest in another 4plex.
@@cjohnson24 thank you!! Yes, super grateful. Thank you for asking - I love sharing my story, I hope to share my knowledge so that others can win at this life game too!
The fact that you’re watching this type of video means you’re on the right track. Keep working at it and you’ll be there before you know it. “Most people overestimate what they can do in 1 year and underestimate what they can do in 10”
Just the thought of it brings me so much satisfaction. I’m always like “I want to be at that point right now!!,” After watching videos like these. You’re in the right steps and all it takes is for you to take action. I started to take action two months ago and, now, I’m building a brand new multifamily property in a great location that gives me very good results. Can’t wait for 1 year down the line when I can sell that property and buy two more and rinse and repeat until I hit the 15 plex +. I’m combining my investment with infinite banking and velocity banking to maximize cashflow for my next investment. It will be epic.
And over time rents will go up and at some point you can also refinance to pull cash back out and leverage that property to buy more properties without having to sell it. Great deal man! I do know of a nation wide commercial lender that will do 30 year fixed. I have never put more than 15% down on any property. Less down increases your cash on cash return, leaving more funds to invest in more deals.
Would you mind sharing the name of the nation wide commercial lender that will do 30 year fixed? We are looking to explore 15+ units & hopefully be able to find a good deal and great financing would tremendously help in starting that! Thanks
When I saw that 18.04% CoCR, I knew Chandler made the greatest deal of his career! At first I was skeptical about the $1100/m rents for all units (literally doubling the rent) but when he said his 32-plex is right next to it... well what more date can you ask for to back up your claims?! lol... Amazing job, I know the feeling of a great real estate deal and I can tell you're excited!!!
Amazing Chandler, I've gotten so much motivation from you. Also, there is so much value here. By bringing us along with you we can truly understand the importance of all the concepts you're talking about. Thank you! 🙏🏻
Valued Add is very strong strategy. Takes a skilled eye to spot a value add. Also important to take note commercial deals are valued based on rents. Increases Rents = Increased Equity. NEW SUBSCRIBER 👍
This was one of the best ones you have made. The calculator is great too! Makes it easier to play with the numbers and see the impact a rent increase can have on your return.
Way to work that deal Chandler! It’s crazy that I pay 5k a year for insurance on one triplex in Louisiana. And I shopped for the best rates. Flood and hazard insurance suck! Lol
Congrats man we bought a 8 in March for 489 got all 8 renod finished last unit 3 weeks ago , doing refi now appraised at 1.1$ 🤣🤣👍🏼👍🏼 love it and it’s a owner financed deal and he wants to do more!
Thanks for sharing the details. Now I know why your first video was a little vague. This deal is similar to my last but I only picked up 8 units. I'm always shooting for about $500/door cashflow after PITI.
@@twincherry4958 thanks! It's just a quick way I evaluate a deal. Does not account for my expenses like maintenance and cap ex but with most of our units renovated shortly after purchase... Those costs are minimal.
I am assuming the units are identical meaning same conditions. No upgrades or all upgraded. Interesting how previous seller knew rents were below market and sold it at that price. Usually you buy below market when you can add value. In this case, all you need to do is wait for leases to expire.
So here’s what I think happened. He over payed for the rents at what they were at today . So let’s say rents are at 600 today he bought at 800 prices and is raising them to 1k . She probably was a clueless owner who didn’t keep up with the market and her PM probably wasn’t that good.
Super solid breakdown Chandler.. but what is the cost to get these units ready to rent for $1100? You zero'd out the rent ready tab but it sounds like there are some improvements needed to bump the rents to those levels. Not trying to nit-pick, but just want to understand if I missed something (I'm looking to do a VERY similar deal in my area... and it costs as much as $25k/door to get them to a place where you can bump rents by that much)
What are some good loan companies that'll give you funds for Building multi family apartments? I want to get started but I’m stuck on that part. Thank you
Hi there - thanks for the vid, I appreciate it. I'm sorry if I missed it but which Lender gave you 3.750% on this transaction? I'm learning and preparing to purchase something myself. Please advise
I just bought your course a few days ago 😁. Looking forward to learn more about real estate and investing in a second property. Keep those videos coming!!!
Chandler this was a great video! You make this stuff very approachable and easy to follow. It's so satisfying as a newb to see principles put into action, with numbers to back it up. Really drives home the points that us beginners spend so much time studying. Congrats on this deal!
how quickly will raise the rent? some of them are being raised by more then $300 a month. that's 50% increase in rent for the occupier for no reason other then greed , i understand investments but failing to see your reason for the increase, unless the units are empty and starting from scratch.
The people that are living here have gotten an incredible deal why they have been there. They’re paying well below what their units are worth. They will get to finish their lease and rents will be raised to work fair market value is for the area. If they want to go somewhere else they’re welcome to do that but they won’t find anywhere that’s any less expensive
Alexandre Gauvin yea in the us it depends where u invest . Some in LA get 2 caps. I invest in Arizona Texas and Florida( not Miami the nice but not big city parts) I usually get 6-8 cap rates. Appreciation is around 2.5-5 percent a year so it’s ok . What’s average appreciation where u r at ?
@@connorgurgone345 I’m in Quebec,qc Canada and first year on a good deal I buy at 6 cap but after the rent being push to their real value I usually get 8-9cap (normally take 2-4years) and the appreciation is 1-2% depend on the sector (some got 5% this year but not sustainable)
There are many ways. You can save like Henry Collins mentioned or you can fund a whole life policy until you have enough cashflow to use for a dp. Check out the infinite banking strategy. You can do velocity banking towards your debt as well in order to save for a dp.
Great stocks and I just bought in on them, but I'm interested in making short term profit, let say turn a $150K to $500k in 6months, I'd appreciate tips on how what stocks to buy to make this much profit.
150k-500k in 6 months seems a bit ambitious, but best of luck to you! Honestly real-estate is probably your best bet, but you may want to adjust your goal to be more realistic (i.e. in 5 years I want $xx.xx amount of cash flow from my investments)
Yesterday just closed on my biggest deal yet. 50 unit building 25% down interest rate is fixed for 5 years at 3.5 percent. Upper C class area 14 cash on cash and we are expecting 2-3 percent yearly appreciation at worst.
Not gonna lie. At first I was like blah blah blah. But then as I painfully stuck thru the end. Realized your a numbers guy. And it began making better sense. Gotta see if you do this with subto or lease options.
Great deal! That financing is insane! Would love to see this same video applied to your storage units! I'm looking at investing in storage units in the next 6 months, the numbers see almost too good to be true!
First, I am a newbie and I love your content that is why I subscribed. Analyzing your deal as residential makes your number look good which is not how commercial property are analyzed as far as other real investors run their numbers. Looking at expenses at 50% of gross annual income and 6% cap based on your numbers, that puts the value of the property based on the income approach just a little bit over $1.1Mil. Using your purchase price of $1.5 million shows you bought the property at 4.6% Cap rate.
Hello Chandler I have a deal under contract in San Leandro CA its next to San Francisco CA that I've done a developers assessment on it can I speak to you in regards To the deal
The $26k you got back came up a lot and was very distracting, especially since this was a non -standard sort of "refund" and I didn't learn what I was hoping to learn from this video. Can you re-do the video using a "garden -variety" type deal that will be a bit less confusing? Thx for any help
I’m not sure about US but in the U.K. almost all buy to let mortgages are interest only, where you don’t repay the capital over the term, just the interest. On the calculator the mortgage part only calculates the repayment based on a capital repayment product
I just bought an 8 plex with 20% down, 25 yr amor, and a 4% int rate. 🤑
thats really good!
Wow! Nice!
Is the interest rate fixed?
@@InvestorCenter I believe so but please do your own research
@@InvestorCenter
For 5 years and then adjusts.
Chandler - you inspired my husband and I to make our first real estate purchase. We’re in escrow on a 4-plex. I always talk about you now on Facebook. Thank you for all your hard work on You Tube.
How’s the 4plex doing now?
@@cjohnson24 GREAT - still averaging $1500/mo Net after average repairs. We have two units that are renting $600 EACH below market value still.
@@cjohnson24 we also rented out our previous primary home last year, which nets $800 per month. We hope to sell this year after these market gains. It’s a 1970’s home and not worth the upkeep. Hopefully we can use the next profit on that to invest in another 4plex.
@@Apsaramain that is awesome!!
@@cjohnson24 thank you!! Yes, super grateful. Thank you for asking - I love sharing my story, I hope to share my knowledge so that others can win at this life game too!
Can we get an update on this property?
Can wait till I’m making these big deals 🙏🏾
The fact that you’re watching this type of video means you’re on the right track. Keep working at it and you’ll be there before you know it.
“Most people overestimate what they can do in 1 year and underestimate what they can do in 10”
@@MattTheMortgageGuy thank Matt!
Just the thought of it brings me so much satisfaction. I’m always like “I want to be at that point right now!!,” After watching videos like these. You’re in the right steps and all it takes is for you to take action. I started to take action two months ago and, now, I’m building a brand new multifamily property in a great location that gives me very good results. Can’t wait for 1 year down the line when I can sell that property and buy two more and rinse and repeat until I hit the 15 plex +. I’m combining my investment with infinite banking and velocity banking to maximize cashflow for my next investment. It will be epic.
@@MandoCabrera niceeee thank you mando
Yes, you can wait
Congrats on the new units. I'm glad you made it big in real estate before making it big on UA-cam! That means a lot to me as a beginner investor!
I found your channel from the stradman and I love it!
And over time rents will go up and at some point you can also refinance to pull cash back out and leverage that property to buy more properties without having to sell it. Great deal man! I do know of a nation wide commercial lender that will do 30 year fixed. I have never put more than 15% down on any property. Less down increases your cash on cash return, leaving more funds to invest in more deals.
Would you mind sharing the name of the nation wide commercial lender that will do 30 year fixed? We are looking to explore 15+ units & hopefully be able to find a good deal and great financing would tremendously help in starting that! Thanks
Starts at 8:16. You're Welcome.
Thanks
Thank you
Thank you🙏🏾
Appreciate it
Jesus thank you. I was like “did I click on the wrong video?” Lmao
I live in the Bay area, for a 2 bed, 1 bth, 2 car G, we pay the least $2100 for older properties. Go to SF, $3200+🤦♂️
That shit out in cali is wild
Pay all that money to live in a place turned into a literal toilet for mentally ill and drug addicts.
Pass.
I know ppl in the west paying 3k+ with no renovations
When I saw that 18.04% CoCR, I knew Chandler made the greatest deal of his career! At first I was skeptical about the $1100/m rents for all units (literally doubling the rent) but when he said his 32-plex is right next to it... well what more date can you ask for to back up your claims?! lol... Amazing job, I know the feeling of a great real estate deal and I can tell you're excited!!!
Amazing Chandler, I've gotten so much motivation from you. Also, there is so much value here. By bringing us along with you we can truly understand the importance of all the concepts you're talking about. Thank you! 🙏🏻
Great Video! Crazy that your property taxes are that low. I was looking at a $1.25 million property and property taxes on it were over $30k
Miami is like that alsob😅 crazy amounts.
How does one even profit if property taxes are that high? I feel like the amount your profit is very minimal to non ?
Went in your website provided email to receive a copy of your spreadsheet and it was not available so you know.
New to the channel. This is my new favorite UA-cam channel.
Yes he’s always bringing value
can someone link me the update video? Can't find it
Valued Add is very strong strategy. Takes a skilled eye to spot a value add. Also important to take note commercial deals are valued based on rents. Increases Rents = Increased Equity.
NEW SUBSCRIBER 👍
Thanks 👊🏻
Congrats on new property! We are looking for 5-20 plex.Suggestions where serch other than loopnet or D4D. Thanks!
😂 my man called it a 15-plex, loved the video man!
..and a 32Plex?! I guess the nomenclature isn't as important as making that money money money! ;)
Thank u for sharing this video... how can i have a copy of your excel computations?
Chandler, how can we look for off market apartment complexes?
Or, can you make a video on how you found this deal? Thank you.
Hi Chandelier, would love to see a follow up on this 15 units. Thank you - great content
This was one of the best ones you have made. The calculator is great too! Makes it easier to play with the numbers and see the impact a rent increase can have on your return.
Way to work that deal Chandler!
It’s crazy that I pay 5k a year for insurance on one triplex in Louisiana. And I shopped for the best rates. Flood and hazard insurance suck! Lol
Congrats man we bought a 8 in March for 489 got all 8 renod finished last unit 3 weeks ago , doing refi now appraised at 1.1$ 🤣🤣👍🏼👍🏼 love it and it’s a owner financed deal and he wants to do more!
My question is how did you get them to give anything back for damage on a property you bid on?
Did you ever make the follow up video for this one?
I can't wait for the day when I close my first investment property
Same
🙌🏾
Is it possible to get that spreadsheet for the calculations?
How did you package the repairs list and present to seller to get them to agree so successfully?
Thank you for helping people and teaching numbers to create a future for our kids..thank you and God bless you...
Currently saving up for a down and reno costs for our first rental property. We are out in Payette. Glad to see someone from Idaho.
any updates on this deal? Was he successful at raising the rents?
Thanks for sharing the details. Now I know why your first video was a little vague.
This deal is similar to my last but I only picked up 8 units. I'm always shooting for about $500/door cashflow after PITI.
$500/door is fantastic!
@@twincherry4958 thanks! It's just a quick way I evaluate a deal. Does not account for my expenses like maintenance and cap ex but with most of our units renovated shortly after purchase... Those costs are minimal.
I am assuming the units are identical meaning same conditions. No upgrades or all upgraded. Interesting how previous seller knew rents were below market and sold it at that price. Usually you buy below market when you can add value. In this case, all you need to do is wait for leases to expire.
So here’s what I think happened. He over payed for the rents at what they were at today . So let’s say rents are at 600 today he bought at 800 prices and is raising them to 1k . She probably was a clueless owner who didn’t keep up with the market and her PM probably wasn’t that good.
You’re iPhone app isn’t showing the principal down
Where do you own the apartments?
Super solid breakdown Chandler.. but what is the cost to get these units ready to rent for $1100? You zero'd out the rent ready tab but it sounds like there are some improvements needed to bump the rents to those levels. Not trying to nit-pick, but just want to understand if I missed something (I'm looking to do a VERY similar deal in my area... and it costs as much as $25k/door to get them to a place where you can bump rents by that much)
Didn’t he say the previous owner payed for all the fixes
$2287 for insurance!!! Wow that's incredible! I have to pay over 3k for a 3 bedroom house in Alberta.
What are some good loan companies that'll give you funds for Building multi family apartments? I want to get started but I’m stuck on that part. Thank you
Hi Chandler-would you consider building a six unit apartment out of rental house that is now zoning for multizone.
What is the name of the lender you use?
Hi there - thanks for the vid, I appreciate it. I'm sorry if I missed it but which Lender gave you 3.750% on this transaction? I'm learning and preparing to purchase something myself. Please advise
Awesome video thank you for sharing
How did you negotiate a lower down deposit? Is that the decision of the credit union?
I never heard somebody negotiating that
What does principal pay down mean?
What is your mortgage payment?
ya but what are you actually profiting after you make the payment to the bank?
I just bought your course a few days ago 😁. Looking forward to learn more about real estate and investing in a second property. Keep those videos coming!!!
Chandler this was a great video! You make this stuff very approachable and easy to follow. It's so satisfying as a newb to see principles put into action, with numbers to back it up. Really drives home the points that us beginners spend so much time studying. Congrats on this deal!
What’s your monthly payment ?
Hey @Chandler, how’s going? How do I reach you?
This the best video on youtube. You explained everything so simple🚀🚀
It was the best breakdown i have ever seen . Keep it up thank
I use your app personally, great job for making it for us investors !!!!!!
Same !
Is the app available for ios? What is it called?
@@MandoCabrera CDS rental calculator
The Handa Show ty!
How much money do you need to start investing and flipping properties
That was a great breakdown. Thanks for sharing it
Guys what's the best place to find 10 plexes and up?
Really putting me on game at 28. I appreciate this page
One day, one day, I too shall do the same. Nice job Chandler!
Keep the hustle going 👏🏾👏🏾
how quickly will raise the rent? some of them are being raised by more then $300 a month. that's 50% increase in rent for the occupier for no reason other then greed , i understand investments but failing to see your reason for the increase, unless the units are empty and starting from scratch.
The people that are living here have gotten an incredible deal why they have been there. They’re paying well below what their units are worth. They will get to finish their lease and rents will be raised to work fair market value is for the area. If they want to go somewhere else they’re welcome to do that but they won’t find anywhere that’s any less expensive
It’s so different in Canada , my last closed deal is a 9plex 30year loan 1.57% rate 15% down
What are the cap rates in Canada or on ur deal. Also what’s yearly appreciation of u don’t mind me asking.
@@connorgurgone345 in a good market we’re there’s no vacancy it’s about 4-4.5 and if we talk about like chandler do it’s about 6
Alexandre Gauvin yea in the us it depends where u invest . Some in LA get 2 caps. I invest in Arizona Texas and Florida( not Miami the nice but not big city parts) I usually get 6-8 cap rates. Appreciation is around 2.5-5 percent a year so it’s ok . What’s average appreciation where u r at ?
@@connorgurgone345 I’m in Quebec,qc Canada and first year on a good deal I buy at 6 cap but after the rent being push to their real value I usually get 8-9cap (normally take 2-4years) and the appreciation is 1-2% depend on the sector (some got 5% this year but not sustainable)
How do you convince the seller to pay for a new roof? 😬
Loved this video. You make it make sense to invest in real estate.
When investing into this in the beginning stages where do you get the down payment?
He started by selling pest control. Really just save money, look at government loans. They usually let you put less down.
There are many ways. You can save like Henry Collins mentioned or you can fund a whole life policy until you have enough cashflow to use for a dp. Check out the infinite banking strategy. You can do velocity banking towards your debt as well in order to save for a dp.
Great stocks and I just bought in on them, but I'm interested in making short term profit, let say turn a $150K to $500k in 6months, I'd appreciate tips on how what stocks to buy to make this much profit.
@Samanthwalter Archie That sounds great and how do i connect with her ?
@Samanthwalter Archie Okay i just found her website and left a message for her. thanks.
150k-500k in 6 months seems a bit ambitious, but best of luck to you! Honestly real-estate is probably your best bet, but you may want to adjust your goal to be more realistic (i.e. in 5 years I want $xx.xx amount of cash flow from my investments)
@@skillen8or those guys are scammers commenting to help attract new victims, who does 300% percent returns in 6 months lol
@@skillen8or He’s a scammer. Used other accounts to comment on the post recommending a “stock guru” but it’s just a scam
How can we download your spreadsheet?
Who’s your Credit union?
Yesterday just closed on my biggest deal yet. 50 unit building 25% down interest rate is fixed for 5 years at 3.5 percent. Upper C class area 14 cash on cash and we are expecting 2-3 percent yearly appreciation at worst.
Dope where'd you find it? And asking price?
Great video, do you have a video on how you raise rents?
His Property managers do it. I would recommend getting a property management company to do it .
what mic is he using
Where do you find the down payment?
Not gonna lie. At first I was like blah blah blah. But then as I painfully stuck thru the end. Realized your a numbers guy. And it began making better sense. Gotta see if you do this with subto or lease options.
So awesome man! Thanks for the awesome content!
killing it, I feel your passion and I will be following!
Great motivational content.
Cheers from Canada 🇨🇦 🍁
Great deal! That financing is insane! Would love to see this same video applied to your storage units! I'm looking at investing in storage units in the next 6 months, the numbers see almost too good to be true!
How much are you making a month for the 15 unit complex?
Thank you for breaking down the numbers! Congratulations on a great deal!
Why do you run your numbers as residential instead of commercial?
What percentage do you normally pay in origination fees?
I'm new to the channel, is a 14 Plex that the same as 14 units in apartment building or nah. I'm confused. Anyway congratulations.
Yes
How bout a link to that spreadsheet buddy? ;)
First, I am a newbie and I love your content that is why I subscribed. Analyzing your deal as residential makes your number look good which is not how commercial property are analyzed as far as other real investors run their numbers. Looking at expenses at 50% of gross annual income and 6% cap based on your numbers, that puts the value of the property based on the income approach just a little bit over $1.1Mil. Using your purchase price of $1.5 million shows you bought the property at 4.6% Cap rate.
So anything over 4 units gets analyzed like a commercial property.
@@connorgurgone345correct.
M Olanrewaju yes and the 50 percent rule isn’t usually correct. It’s more like the 30 percent rule.
@@connorgurgone345 Most 5+ units are over 50% expenses ratio. I am just being conservative. You right about the 30% expenses for 4unit and below.
M Olanrewaju i think it depends on the building. Most of mine that are over 30 units have a 30-40 percent expense ratio.
Hello Chandler I have a deal under contract in San Leandro CA its next to San Francisco CA that I've done a developers assessment on it can I speak to you in regards To the deal
I’m killing it with multi family. I’m getting no less then a 25% ROI. Cash flow!
I’m 21 just quit job I need guidance
Thank you for sharing this, extremely helpful!
Do you refinance your properties to increase your portfolio, or do you value add, renovate, get rents to just below market rate to sell and then 1031?
How to start?
The $26k you got back came up a lot and was very distracting, especially since this was a non -standard sort of "refund" and I didn't learn what I was hoping to learn from this video. Can you re-do the video using a "garden -variety" type deal that will be a bit less confusing? Thx for any help
Thanks for sharing all the numbers! Keep the real estate investing videos coming!
I've heard of double duplex a triple Plex and a 4plex property but a 15 Plex property never
Another amazing video from my favorite real estate UA-camr 😎
Great video, keep up the good content
Cool app but doesn’t allow you to input an interest only mortgage
Huh? There is a box to put in interest rate.
I’m not sure about US but in the U.K. almost all buy to let mortgages are interest only, where you don’t repay the capital over the term, just the interest. On the calculator the mortgage part only calculates the repayment based on a capital repayment product
Your top-right corner notification for links aren't popping up
Love the videos Chandler, keep it up dude
Wow big money moves 👏🏻👏🏻
Chandler, would you recommend getting EIN and LLC before doing my first flip?
Yes
But get the loan under your personal not under business
Great work CDS!!