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?
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.
@@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!
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.
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
Hello Chandler, since we normally see about a 3% increase on home value annually and in 2020-2021 on average seen about 12-13% increase. Do you think we will still get that 3% increase annually? See a slow decrease annually until it levels back out? See a quick decrease equivalent (10-13%)? Or maybe even see no increase in home values for next several years as things even back out? Can we talk about this? It is important to future investors calculations and current ones.
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 UA-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!!
Hi Chandler, is it realistic for you to ask the sellers to pay for your closing cost? I don't see that in my market at all. A lot of cash offers and even if its not, pricing are selling for top dollar and no closing cost. What do you see?
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.
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
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.
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.
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?
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, 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!!
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.
If one could buy it as 3 separate transactions of 4 units each and get lower down pmt., lower interest rate, and longer mortgage terms I expect it would meet your criteria.
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.
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.
Yea some people just dont want the headache of managing a property if they sell and take that money and put it in stocks right now while they are down they can 5x + their investment in a few years ! For us We just stick to the low risk investing tangible asset such as real estate. We just submitted a bid for 8 plex and 3 duplex bundle.
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, 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.
So im about to buy a duplex. It's 30k might have 20k in repairs at most.. taxes are super low less than 2000 total. Plus another couple thousand to be safe for maintenance. I can rent each side for around 1000-1100. Did I do good? Oh also there's no mortgage
Hey Chandler you’re awesome And your input and info is always so elaborative. I’m just starting off and wanna purchase my first investment property. I have some cash saved up. What should I focus on buying ? Thanks
Hey Chandler. Thanks for the calculator. Where are you finding 4% rates for multi family units? I'm looking to add a property to my LLC and can't find good rates. Do I go outside my LLC?
How do you choose your inspectors? Mine ended up being terrible (it was the realtor recommenced one) and I’ve now got several issues I need to deal with and it’s probably gonna cost me several thousand dollars to address.
For me word-of-mouth is big. I was lucky to have grown up with a family friend that was an inspector so he goes above and beyond for me. I would just find someone that you can build a good relationship with that comes highly recommended
Fire content as always! QQ: how can I hack an FHA loan to buy a 4 plex? I heard it’s hard to compete with cash buyers and conventional loans when you come to the table with FHA, why is that specifically? Also, what’s the best pathway to refinance to conventional from FHA so I can rinse and repeat with a new 4 plex? Thanks!
These both come back to your loan officer. If you’ve got a good one he’ll be able to help you work it out and he’ll also be able to give you a firm commitment that he can get the FHA loan done quick. We are given the option people don’t want to sell to someone with an FHA loan because they take longer and they’re usually higher risk because people expect they will be inexperienced. You or your realtor Hass to sell them hard on how good of a buyer you are
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!
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!
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 UA-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.
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?
Chandler, thank you! Question, why would someone by at such a hight price and low COC? how do they justify that pro forma?
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.
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!
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!
Hi Chandler, is it better to run Maintenence as a percentage of rent or as a percentage of property value? Thank You!
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
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.
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.
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.
And your calculator about rentals is spot on I have it already, thanks!
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!
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
For someone new getting into real estate. What's the best step? Taking classes? Curious to know
Great video! How do you account for heating, water, garbage, cleaning? Is that included in your 12% maintenance?
This motivates me to keep trying and save up money for a down payment for one
Go get it!!
Hello Chandler, since we normally see about a 3% increase on home value annually and in 2020-2021 on average seen about 12-13% increase. Do you think we will still get that 3% increase annually? See a slow decrease annually until it levels back out? See a quick decrease equivalent (10-13%)? Or maybe even see no increase in home values for next several years as things even back out? Can we talk about this? It is important to future investors calculations and current ones.
Like watching you analyze deals period. Thank you for this!
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!
What app are you using to analyze this stuff?
Definitely good to show both "buy" and "pass" scenarios. Keep it real.
I appreciate the app that you spent money creating, as well as all your videos! They are great.
I have been watching UA-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
Hi Chandler, is it realistic for you to ask the sellers to pay for your closing cost? I don't see that in my market at all. A lot of cash offers and even if its not, pricing are selling for top dollar and no closing cost. What do you see?
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
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?
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
Is building a fourplex a good idea?
If the numbers are right
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!
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
Hi Chandler, I cannot download the spreadsheet from your site. It keeps giving me errors. Is there somewhere i can grab that?
Hey....... wanted to know if you recommend any apps looking for duplex, fourplex and multi-family rental
We love it how you analyze the deals!! Please keep it going man. You're the man!!
Loved this video on why you passed on the property!
I’ve been watching chandler since the beginning and he’s definitely going places
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.
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.
Great vid! I'd like to know the mic you're using, Thanks!
You calculate doing a 20yr am on the mortgage ?
Definitely keep showing the passes. It's good to know by looking at it what makes it a no go.
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
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?
I can't find the calculator in the app store. Is there a link?
Also, taxes change to reflect the new purchase price after closing
Chank you Chanler, your calculator is amazing. Thank you for showing us how you analyze the properties
Thank you!
Chandler David Smith chank *
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
Awesome content! It's really good to know more about rental business. This would be very informative for people who want to invest and are investing.
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'd be interested to hear your new remarks on COCR and Valuation now (2-years later)
how do you know what grade the neighborhood is?
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
If one could buy it as 3 separate transactions of 4 units each and get lower down pmt., lower interest rate, and longer mortgage terms I expect it would meet your criteria.
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?
I’m not sure if you read this but a great add would’ve been the hypothetical of turning the units to a 3 bedroom and the potential there.
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.
Yea some people just dont want the headache of managing a property if they sell and take that money and put it in stocks right now while they are down they can 5x + their investment in a few years ! For us We just stick to the low risk investing tangible asset such as real estate. We just submitted a bid for 8 plex and 3 duplex bundle.
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 know it's likely to be another video, but C/D/A/B criteria!?
Is there a way to make your Calculator calc as interest only?
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.
How would you appeal to a low appraisal? (If the other similar buildings haven't sold in a while)
You can ask to get a different appraiser
Amazing! Will watch again. Lots of great information.
Loved seeing you analyze the deal even though you didn’t buy it
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?
So im about to buy a duplex. It's 30k might have 20k in repairs at most.. taxes are super low less than 2000 total. Plus another couple thousand to be safe for maintenance. I can rent each side for around 1000-1100. Did I do good? Oh also there's no mortgage
That’s great!
Where is the location?
30k for a duplex and rent 1k/mth is fantastic.
@@toilac5969 Pittsburgh area !
Hey Im curious. How can one go by developing a app for the app store?
how long does it take you to underwrite with that app? It took me oh so long time to underwrite every time.
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.
Great video ! But are you not going to pay any utilities garbage sewer water ?
Never 🤑
At 9:50 you flash the address of the property FYI.
Ya, thanks for the heads up
@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!
New to possible realstate investing in the near future. You got great content. Thank you!
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.
Hey Chandler you’re awesome
And your input and info is always so elaborative. I’m just starting off and wanna purchase my first investment property. I have some cash saved up. What should I focus on buying ? Thanks
Thank you for your analysis, I got your calculator. Very useful. Good job Chandler
Hey Chandler. Thanks for the calculator. Where are you finding 4% rates for multi family units? I'm looking to add a property to my LLC and can't find good rates. Do I go outside my LLC?
Rule of thumb, add 2% to the 10 year Treasury bill current rate and that is what rates you can get.
super helpful video concept!! thanks CDS
So. Much. Educational. Value 🤯🤯
15% wow !! In Atlanta, MFU are getting picked up at 5-6% cap rate..
in California commercial banks are offering 30 years amortization for apartment loans (5 unit or more).
How do you choose your inspectors? Mine ended up being terrible (it was the realtor recommenced one) and I’ve now got several issues I need to deal with and it’s probably gonna cost me several thousand dollars to address.
For me word-of-mouth is big. I was lucky to have grown up with a family friend that was an inspector so he goes above and beyond for me. I would just find someone that you can build a good relationship with that comes highly recommended
Chandler David Smith gotcha. Thanks 🙏🏻
Definitely keep analyzing deals on the channel. No better practice for when I'm ready to pull the trigger.
what app are you using there? thx
I saw this deal last week! Very interesting!
Forsure
Fire content as always!
QQ: how can I hack an FHA loan to buy a 4 plex? I heard it’s hard to compete with cash buyers and conventional loans when you come to the table with FHA, why is that specifically?
Also, what’s the best pathway to refinance to conventional from FHA so I can rinse and repeat with a new 4 plex?
Thanks!
These both come back to your loan officer. If you’ve got a good one he’ll be able to help you work it out and he’ll also be able to give you a firm commitment that he can get the FHA loan done quick. We are given the option people don’t want to sell to someone with an FHA loan because they take longer and they’re usually higher risk because people expect they will be inexperienced. You or your realtor Hass to sell them hard on how good of a buyer you are
Chandler David Smith thanks!
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!
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!
I like the break down and running scenarios on the visual calculator. Things started to sink in.
Thanks!
First video I’ve watched from you. Loved it! Great content. Also just subscribed to your channel.
What app calculator did you use ?
On the same page! Not paying list price! Keep going! Tks for the video!
Thank you!
Awesome . Very informative ! Thank you Chandler!
Came here from your video with TheStradman. Great video with useful information. Thank you for sharing.
I'm living in a foreign country and would like to invest in rental property in Canada. What do I need to know? Respectfully ABDUL.
Where can we download that calculator you are using?
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!
I think you should put in an offer and see what happens and give us an update on what happened
Let me see what I can do