I Bought a 5-Unit Apartment!
Вставка
- Опубліковано 28 чер 2022
- Can you invest in this real estate market? Thanks to Ballpoint marketing, I recently closed on a property in a killer deal with killer rates! With the worldwide market in a spin, so many people are afraid of jumping into real estate. Yet, in this video I want to show you how deals are still possible and profitable right now! One of the reasons that I am excited about this property is that it will provide me with a 10% cash-on-cash return, is a 5-unit complex, and it has great potential in the benefits it will provide to tenants as well as myself as an investor! Watch to find out how you can do the same!
Investing in real estate for the last 10 years, Chandler David Smith currently owns over $25 million worth of rental real estate. During this time, he has had some great experiences by being able to share his passion alongside his family and buddies as he has seen them absolutely crush it when it comes to the investing world. More importantly, he has been able to share his expertise with others and learned invaluable lessons from his loved ones along the way.
Chandler dives DEEP into all of the ins-and-outs of one of his recent close on a 5-unit complex! This is one of multiple new deals that he has been able to close on recently all thanks to Ballpoint Marketing. All in all, when diving into real estate, things fall through the cracks and honestly, anything could happen. But - this is life! When you take the proper steps that Chandler teaches here, you CAN mitigate your chances so that you will be taking the smallest risk with the highest return possible!
Get $50 off my new Real Estate Investing Course! Use coupon ( 50OFF ) Go to: www.chandlerdavidsmith.com/co...
Ballpoint marketing mailers (use code “CDS” for 10% off!) Use this link:
www.ballpointmarketing.com/?r...
To learn more about a job opportunity doing door to door sales with Chandler, go to:
www.elitesummersales.com/
To join my Facebook group, go to:
/ chandlersmithmastermind
If you're interested in learning more about real estate investing, and you'd like to have one-on-one mentorship go to:
www.chandlerdavidsmith.com/
Check out some other videos if you want to learn more about investing in real estate, building a huge passive income, or preparing for your own future home.
Want to see all of Chandler's real estate deals?
Real Estate Portfolio
• Real Estate Portfolio
What is a Good Deal?
• What is a Good Deal? |...
Follow Chandler
INSTAGRAM
/ chandlerdavidsmith
Facebook
/ chandler.smith.73
My grandparents had apple and pear trees. I can’t believe nobody was using them!!! As kids we all would drive my grandpas tractor to the Apple trees and eat apples and pears playing outside all day!!!
That Lamborghini is so 🔥
Green is my favorite. Yes, congrats on the apparent as well 😉
Good deal; congratulations!
Very nice!
Great job Chandler! Glad you’re still killing it in real estate! In these videos, can you go over a little more of the financing? Hard money? Like if credit? Cash? Commercial loan? Just wondering how you decide to structure your deals financing! Thanks man!
Like it or not you have to be willing to raise rents as a landlord if you want to make as much ROI as possible. Investing is about making money period, he's being fair giving them a slight discount compared to market. The guy is driving a Huracan for a reason
I bought my last property in April, it was not affordable, however it is a perfect investment, I spent 700k and it's worth it, now I'm moving profits from stock investment to my real estate portfolio.
How did you make good profit from stock? I’m beginner in the world of stock
@@christianaroland1538 I hired an expert who takes care of my investments, Monroe Horcel, look him up
I was at his conference last month, he spoke well
@@annmiller7097 thank you, i can see his profile here on web, very impressive, he smashed all his state exams.
Monroe Horcel trades my stock entirely from canada
Find the worst when I was 18 I asked for a personal loan from my father to buy some property. Things would definitely be different now that I am 32. Well I might be late to the game, but I suppose being late is better than never making it in the first place. I plan on making some crazy sacrifices if necessary, including having to move out east away from home if that means I can get started with real estate. I’m tired of being a slave after all to the office and definitely need a financial change in my life.
$111,000 per door - that is rich , rents will need to be 1200 per unit - units look to be under 1000sqft.
- what is 5 garages & land worth? $150k??
2beds each, May not be bad...
Ok Chandler I’ll subscribe but don’t let me down
How to get a permit for an illegal 5 (ensuite) unit in Dallas, TX?
How are u calculating COC???
Chandler i had a quick question. when you do the paper work for the title company between the seller and buyer does that have to be notorized ? and just make two of them one for each of us , i dont have a printer at the monent ~ Thanks
What city and State are you in?
Does anyone have rental properties in LA county? If yes, how has Tenant Protections Resolution phase II, which protects low-income households in Los Angeles County from eviction for nonpayment of rent, has affected you so far? I am considering to buy a multifamily in LA County and rent it out, but if the tenants stop paying the rent and the law is on their side, how would a landlord pay the mortgage? Thanks.
You take out another loan…that’s what they’ve told us to do here out in Philly
Don't invest in democrat states, you will not be able to get them off your property for months, you will have to pay out of pocket...i dont recommend it.
its a business, those people who think that LL should be charitys are nuts and clearly never ran a business and seen the work it takes to be a LL and the risk one takes. risk requires reward
no one wants landlords to be like charities, they don't want landlords to exist
Landlords shouldn’t exist. Periodt 💅
@@Sephiroth4luvrs because you think the tenants would manage a 5 unit property better themselves? One or two might try to keep it looking nice for awhile but the other three would freeload and cause enough resentment that the good tenants would leave. Communism doesn’t work with actual humans, great for robots though…
Haha yeah! Land and housing should be free to everyone! Vote democrat!
Did he say what the rent was and what is he going to raise it too? making a note here
How many units is enough bro? Do you have a goal?
great video!
Unfortunately at 15 an hour owning a home is impossible now especially with a crappy credit score
Don’t buy a home then to live in. Buy something that you intend on renting out and live in it for a year if you have to, then move to something else.
Get another roommate or two making $15 an hour.
3% down first time home buyer...
Have you ever completed a subject to deal?
🕶🙌
The first step to successful investing is figuring
out your goals and risk tolerance - either on your own or with the help of a Financial Advisor. If you can get the facts about savings and investing with a well detailed plan, you should be able to gain financial security over the years and enjoy the benefits of managing your income.
I think the pandemic have really taught
people the importance of multiple streams
of income, unfortunately having a job
doesn't mean security.
Successful people don't become wealthy
overnight. What most people see as a
lance wealth, a great career and luxury is a
result of smart work.
@@steceymorgan814 It's not how much money you save in the
bank, but how much money you earn and
how hard it works for you. Money devalue
over time, investment is the best option as it
grows over time
@@danromero533 I think the key thing here is working with a
professional. Yes people have devoted their
lives to making profits in the market, but
those of us who haven't but are interested in
investing can simply work with them.
@@frankdouglas1562 Alright, so you know anyone?
You can move apple trees? Learn something new everyday!
Me too. Didin't know that...
They should have been saving money for years at super low rent 🤷🏼♀️
My wife and I just listed our first AirBnB. But the home we have, we currently have 450k in home equity. Our income has dropped though due to poor markets for my work, I sell solar but live in a small town and just got completely obliterated. Anyway, we don't know if appartment investing is feasible. We just need a few sentences worth of advice and maybe how to go about doing this or if it's even a good idea. We are both 23 and are married. We both have 750+ credit
Hey az truth what town are you in? I’m phx
$450k in home equity is a steal
Nice work. Do you have the money not for the guy that did the mailers?
Where do you buy all your properties?
Love your channel Chandler... if I could have 1/64th of what you have in 10 years I'd be happy...Where are you?? KS, MO? My 5 plex is worth $3.4 million....
He’s in Idaho
@@peterc2696 Because hedahoe.
Dang bruh!!! Do you buy a new property every week???
Leeches gonna leech.
4.25% with how many points?
Congrats man, this property looks/sounds awesome! Question. I’m about to go under contract on a 4-plex. The units don’t have washers/dryers so I’ve danced with the idea of having a mutual laundry area for them to use(Like you have here). The units all have separated electric/water. Meaning you’ll be pulling power from one of the units to run the laundry area. Do you compensate for this?
Hey you can have a separate meter added or cover water for that unit it's pulling from or a third option to add to it have them pay for washing and drying if you're covering the water.
@@willthompson83 Awesome, thanks man!
Great video! Keep up being great 👍
in San Diego, 5 unit 2-bed 1 bath now is asking $2,100.000 with super low rents. bank only will give %46 LTV ,,, wow where you at is super super cheap to buy... funny parts that they have few full offers on it... my offer was $1,875.000 was turned down.
Congrats man! Crazy timing cause I literally just closed on a 5 unit today as well!
Curious how the 550k sales price compares to the pre-inflation market price?
lol the car was a stupid idea
This.
😯
Hey thanks for the content and the updates! I got into realestate almost 2 years ago and have 15 doors now (I'm addicted.) Gonna close on another 20 doors next week.
Just want to say to everyone out there that doesn't think they can do this. If you educate yourself, know how the numbers and are willing to put in the effort. You don't need to be rich to do this.
I have put in less than 80k into my properties and have "Net!" Income of 3300 per month. Deals are still out there. Once this next deal goes through i'll have another 1300 per month income with 0 of my dollars in because I have a partner that's putting up the money.
Be smart, be aggressive about finding deals and look to solve problems... for someone who doesn't have a lot of money it's all about solving problems and being there at the right time.
Hi brother David. Were all your assets found offline?
You need railings on those steps
yes and some ext lighting
Nah, he should keep it without rails. Increases the chances he'll fall and crack his head.
will you be putting gutters on the building??
lol not if he can pass the costs onto the unwitting renter.
Interesting... You're going to barely hit your numbers if everything works out.
FYI: All these apt investor are just causing “INFLATION” just let that set in. That’s how greedy they are. They are already wealthily and now demanding more money from increased rents. They like to say they bring value when they invest. Then increase rents and kick people to make more money. It sickens me. There’s a special place in hell for people who practice this. I would sell all my properties and invest in a more moral business model. Hell awaits you and your love for money…..
Envious much?
Even with the current dip in crypto
currency’s, I’m still glad I can smile 😊 back at my portfolio of $64,200 built from my trade, I’m having my fourth withdrawal in 14 business days😊
*In spite of the economic fluctuation, I’m so excited I’ve been earning $45,000 from my $10,000 investment everyday 10days.*
HOW!!😊 I would appreciate if you show me how to go about it.
I've got up to 700K returns since I came across Mrs Angela Cole Carr trading platform. My financial life has completely changed all thanks to Mrs Angela Cole Carr awesome trading strategies!!!
Oh please, how can someone get to speak with Mrs Angela Cole Carr!!?
@@mayaberlinger4861 You can easily communicate with Angela Cole Carr directly on! ⤵️
＋𝟏𝟗𝟒𝟕𝟐𝟎𝟕𝟔𝟕𝟓𝟒☎️෴ᚙᚙ꧂❱美国美国....
Leeches gonna leech, I guess.
Nice lambo. Would look better on fire tho.
Satul.de.voj.8.ani.de.zile.hoti.ati.furat.destul.vrau.bani.mej.ches.99900000.milliarde/£/data,5 jul,2022.satul.de.voj.