How To Analyze Multi-Family Rental Property | Real Estate Investing
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- Опубліковано 27 сер 2024
- In this video, Chandler analyzes this 12 plex and shows you how he decides if he should buy or pass on this rental property.
Chandler David Smith has been investing in rental real estate for the last 7 years. He currently owns 99 units of rental real estate. In this video he shows you exactly how he analyzes multifamily real estate. In detail he goes through the entire process of finding and analyzing this 12 plex in detail. He shows you how he determines area, rents, expenses, and everything else that you need to know before deciding to go through with purchasing a rental property. This video was created to help new and old real estate investors understand the tricks to properly analyzing a rental property.
#multifamilyrealestate #howtoanalyzeadeal #rentalrealestate
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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.
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.
I bought my first rental 21 days ago and put it up on the market for rent last night. I am a real estate agent and have been following a lot of real estate channels on youtube but I am a big fan of your content and love the calculator. I think this helps a lot of people out there thank you for what you do.
so how’s it going? i’m in the same track almost.
@@danish2199 doesn’t seem like it went well
^
@@danish2199 It went great just saw original comment due to @MCJ
bought another rental since that comment. Now I have 2 properties that are 4 houses total and 7 tenants hope I hit 10 by June.
@@giannyniebla1996 I found a property that I would get 11% cash on cash return. Problem is I don't have money lol, did you use hard money lenders or how did you fund your purchases?
And your calculator about rentals is spot on I have it already, thanks!
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!
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.
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!
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!
This motivates me to keep trying and save up money for a down payment for one
Go get it!!
Chank you Chanler, your calculator is amazing. Thank you for showing us how you analyze the properties
Thank you!
Chandler David Smith chank *
Like watching you analyze deals period. Thank you for this!
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 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
Definitely good to show both "buy" and "pass" scenarios. Keep it real.
Loved seeing you analyze the deal even though you didn’t buy it
Hey Chandler, I believe the address may accidentally be included around 10 minutes when you first jump into the numbers FYI!
I saw that as well lol
Once I realized I wasn’t going to buy the property I wasn’t too worried about it ha ha thank you so much for the heads up though
@@ChandlerDavidSmith I figured but wanted to give the heads up. Thank you for the swift reply! I am in my early 20's based in CO and recently closed on my first rental unit. Your story, channel, and pure hustle has been a tremendous inspiration for me and many others!! Keep up the hard work CDS!
Awesome video! I am looking into buying my first rental property sometime soon and I definitely found this video very valuable!
Awesome! Glad you enjoyed it!
Hey Chandler, Would you consider buying a property that is 8 hours away from you, possibly in a different state? How would you manage that? Let the property management company do it? You should make a video on where you've invested and how far the properties are from your home.
I bought my first duplex in seattle where i live. I house hack it and manage it myself. But the real estate market here is so hot and pricey i couldn't buy more properties. I ended up deciding to find the best market i could and went to the midwest which is a 24 hour drive away or 8 hour flight haha. but i bought my 2nd property for 60k a few months ago and i'm looking at a 4plex BRRRR property for 85k right now. Check some of the videos on my channel out talking about house hacking my duplex or buying in an out of state market. I use a property manager and she does a great job. You just have to make sure that you interview them very tough and find a good one. If you can get in a group of investors in the area first and attend their meetings and figure out who they recommend prior to buying that will help. Thats what i did. I piggy backed off of someone elses already functioning team.
I like seeing your analysis and explanation on why the deal won't work for you. I like the detailed reasoning about how you got to the different numbers that you are using as well. People talk about " running the numbers " all the time but having a little more depth is helpful. Keep the vids coming!
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!
Definitely keep showing the passes. It's good to know by looking at it what makes it a no go.
I like the break down and running scenarios on the visual calculator. Things started to sink in.
Thanks!
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.
Chandler, more videos like this please. The way you run the numbers on properties help us feel safer and make a good decisions. Thanks.. PleaseMore 😜
So. Much. Educational. Value 🤯🤯
Came here from your video with TheStradman. Great video with useful information. Thank you for sharing.
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.
I’ve been watching chandler since the beginning and he’s definitely going places
yes please do both , analyze deals in the 8-20 unit range, both that you buy and don't buy. what is your "BUY BOX" ? thanks
Definitely keep analyzing deals on the channel. No better practice for when I'm ready to pull the trigger.
Show us everything, man. I love your channel, your honesty, and everything you have put out that has taught me so much. I admire you a lot, bro. And don't lower your standards. If you want 15, fight for the 15 or find it somewhere else.
Chandler like it a lot!
Watching you and Meet Kevin. Upset with my self that I can’t materialize on your openness and kindness. Really good staff. Thanks
Thank you! That means a lot!
Chandler David Smith. Could you make video on what kind of inspections you do after singing the contract on the apartments( Environmental or other special ones?)
Chandler David Smith . Also you had a list of everything you need to know how to buy a first deal. Could you posted again? People will appreciate since some of the videos you maid a year ago, and on the list they play one after another, rather than stop and keep searching. Thanks a lot.
Chandler, thank you! Question, why would someone by at such a hight price and low COC? how do they justify that pro forma?
Keep making these videos YES YES :)
On the same page! Not paying list price! Keep going! Tks for the video!
Thank you!
CS thanks very much for the quick calculator, you didn't have to but way to go!!
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!
Thank you for your analysis, I got your calculator. Very useful. Good job Chandler
First video I’ve watched from you. Loved it! Great content. Also just subscribed to your channel.
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.
New to possible realstate investing in the near future. You got great content. Thank you!
Chandler, thanks for posting these videos. As a newbie to the business and a data collector this helps my confidence in my own analysis. Thanks for sharing!
Definitely appreciate the insight into your analysis, even on deals that don’t materialize. So, please keep that up. For a beginner or someone less stringent on the ROI, I think this would have still been a good opportunity for someone, such as myself, even at 4-6% return. Thanks for the invaluable info and the lesson. Btw, came from Stradman but stayed for the excellent information you are teaching.
Thanks for the informative video!
Hi Chandler, is it better to run Maintenence as a percentage of rent or as a percentage of property value? Thank You!
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!
Lol just cuz you said, “cuz I’m greedy” 😆 I smashed the sub button
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
I'd be interested to hear your new remarks on COCR and Valuation now (2-years later)
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
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.
Multifamily real estate is the key to great Returns on an investment
Please, more videos like this. Great example of concepts put into action.
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!
Amazing! Will watch again. Lots of great information.
My sister lived in that exact apartment in if you showed in the beginning haha I’ve been wanting to snag one there too
What app are you using to analyze this stuff?
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
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.
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.
Good luck in the current market! It feels like the hunger games at the moment!
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?
Chandler you should write a book! I think we would appreciate it as a reference
Thank you so much! I’ll see what I can do
Thank you for making this video.
This Calculator rocks. I love using it! Great content man.
I saw this deal last week! Very interesting!
Forsure
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.
15% wow !! In Atlanta, MFU are getting picked up at 5-6% cap rate..
Awesome teaching
Thanks for the calculator app bro🔥
Wow! Chandler, you really blessed us with this video!!! : )
Congrates on the new car and meeting The Stradman
Thanks man!
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
Thank you for deal calculator!
Awesome . Very informative ! Thank you Chandler!
@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!
Great vid! I'd like to know the mic you're using, Thanks!
super helpful video concept!! thanks CDS
Very interesting, I'm learning a lot. Thank you
in California commercial banks are offering 30 years amortization for apartment loans (5 unit or more).
Great video !
Thank you!
The calculator is awesome 👍🏻
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.
Very informative, I think it's good to see both pass and buy. Just sub great content!!!
Thank you for the information
Thanks for the info!
Hi Chandler, I cannot download the spreadsheet from your site. It keeps giving me errors. Is there somewhere i can grab that?
Great video! How do you account for heating, water, garbage, cleaning? Is that included in your 12% maintenance?
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?
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
Bro, I love the calculator!!!!!!!!!!!!!!!!!!!!!!!!!!!!
I subscribed before my phone died🤙🏾📍
For someone new getting into real estate. What's the best step? Taking classes? Curious to know
thats crazy, i found you from stradman and i used to live in IF up in the foothills
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
Love watching what you pass on
I love the vid keep in coming