Hey man. This was a great video, however, I wanted to point out a few things that are going to mislead people. 1.) if this is strictly an investment property, that is not going to be occupied by the borrower, you need 15-20% down depending on the lender. 2.) For non-investment property first-time homebuyers, conventional loans are actually a minimum of 3% down. FHA is great but they have set mortgage insurance and it is for the life of the loan until you refinance into a conventional loan. Conventional loans with borrowers having excellent credit (760) the mortgage insurance would be significantly cheaper than FHA and will automatically drop off once 20% equity is made. You can actually petition to remove your MI after a couple years. Hope this helps and grind my friend!
For multifamilies, most areas actually require 25% down as an investment loan. It depends on where you live and your lender but 25% is the standard for brokers
I feel like rental properties are very easy to get into for the average working joe. In my town anyway, the cheapest properties have the fastest ROI because there is more demand for low cost rentals than what’s available. First home can be a $70k, 2000sqft duplex you rent for $700-$900/mo and also live in with an FHA loan. Very doable.
@@thegrind5273 that’s in Northwest PA, about 120 miles north or Pittsburgh. The market in Pittsburgh is awesome right now, really worth a look. Surrounding cities all have a lot to offer as well. Lots of properties ready to go at 200k. Looks like a really great place to get started
What if you already have a primary residence but purchasing the rental property fo investment. Is the 25% a requirement? And what other advice do you have. I’m in San Antonio, Texas
I'm in Los Angeles where the market is crazy. So a 4-plex here seems so out of reach. I really appreciate your insight on real estate. It's very motivating.
If you own a home and are looking for an investment property what is the best process? I would like to have an investment property in addition to owning my current home.
As far as I know you can purchase first property with 3% down as your primary residence. The rest considered to be investment, therefore 20-30% down payment. Correct me if I'm wrong. Or you just keep saying to the bank next property will be my primary residence? :)
@@ChandlerDavidSmith thank you for response. I've been able to save 100k over last 2 years and got my credit score up. No debt atm. Just looking for a place now to invest into and start. Would like to be able to quit my day job in 5 years. Lofty goals i know.
No one can accurately predict this, I remember in 2005 no one saw it coming, then in 2006 the slowdown started and then boom. In fact the more the person relies on the industry going up, think realtors, the more they are blind to the obvious b.s. valuations, just like today.
well I figure there is no better time than now. I don't make much. less than 40k a year. in my state, and regional area I don't see hardly anything available that I could buy. Going out east, however, there is stuff to buy. If I need to, i'll travel across the US and live there for a few years to get myself in a better financial situation
So what if we don’t have no capital and don’t want to wait and save would having a private lender cover your down payment and whatever they charge when it come to paying them back would be distributed from what the property is generating?
I totally agree with you. It's been so wonderful after I met a professional stock trader from a popular and reputable firm earlier this year. Retiring by the end of the year with absolutely no fear!
I found Kara Kay Nixon on the news when she revived Manning and Napier in 2016. In all honesty, she's an angel indeed. You can make more inquiries about her through the web.
@@kevinfong8923 A collegue said she put in 80k into her firm and she doubled it in months. Been meaning to check her out cos she has to be truly amazing to do that.......
alright so I'm 21 and i currently make 5k a month after taxes. I just started my job so i have no money saved up. if my math is correct by the end of march i should have 12k saved up. meaning i only spend 1k a month, i dont pay rent live with parents. There's ready to rent 3 families in my area that are going for around 300k. so my plan once march is over is to put a 3.5% down payment on one of these houses. I'd also like to have them cover the closing cost or pay them 2-3% more for the house so that they cover the closing cost and I just work that into the mortgage. I'm fairly new to real estate so any advice or feedback would be appreciated. my credit score is 780 and I'm only 1.5k in debt from credit cards.
Would you be able to do a video about property managers? Signs of good vs bad, what to look for if you have 1 property vs multiple, and when would you recommend getting a manger (first property vs sixth)? etc...
Here in Phoenix there almost no homes below 300k---they are more like 400 plus, and multifamily forget about them. I dont understand how anyone can invest in this ridiculous market that absolutely needs to correct by at least 50%.
One other scenario I have is this, i have 70k in cash, but dont want to live in the 4-plex. I guess i would have to do 20 or 25% down on a investment property. I also have 20% equity in my primary home as well. What would you do in that scenario? Buy a cheaper home around a college town and rent out by room?
We are selling our home to jump start our rentals business and just renting its cheaper and just one bill now extra work for us so we can focus on fixing up homes to rent.
So if I want to buy my first property but im in an expensive area should i just drop everything and move to another state where homes are 100,000 so ican get the 3.5% or 5%??
You can put 3.5% from an FHA or 5% from a conventional loan anywhere. I used $100k because its simple to adjust & calculate what it will look like in your market. While there may be a few markets around or even below this, most markets will be several times this number.
I'm 18 years old lives in a small town I have 20k saved and I can easily find a 100k home should I start purchasing so early? Or should I wait I need help this is the career I want to pursue
What about another future " pandemic" and future eviction moratoriums ? I'm still owed 30k + in back rental payments . Honestly, I'm getting out of rentals right now , and have mine up for sale as we speak.
I recently started buying gpus for mining crypto. Ethereum to be exact. I have made 2 eth and I’m going to hold that till the end of the year. It will be 4x by that time and I would easily break even and be making profit after 3 more months. I’m buying with loans that last 5 years lol. I can’t wait to profit from it. With profits I’m going to get into real estate.
Hi Chandler I’m a 26 year old with 500k in cash. I’m have 0 knowledge about real estate. Are there any way I can get in touch with you ? Or a course one on one. Thank you
So keep hearing how people should buy multi-family homes as their first unit. I stay in sc by the ocean. Real estate out here is crazy expensive. People who make these types of videos make it seem like it's a no brainier and everyone should be doing this. Can you make a video using my area as an example? Because I can't find a unit that will cash flow how you explained.
From me it's not so much the financial part as it is finding the property, it's hard enough find a single unit/home let alone a duplex, best I can think of is getting a 4bedroom and renting out 3 of the rooms
I still live with my parents at no rent , and say i saved the 50k and bought a house . Do you recommend if i have the possibility of staying at home and just simply rent out the house that was recently bought ?
Thanks Chandler I find your videos to be very helpful, I'm currently in the process to starting out in purchasing a duplex or triplex however the prices have skyrocketed within the last 2 years or so. Thanks for all your content.
I am 53 years old. Never invested in rental property but been seriously thinking about it for the past 6 months. I looked around but rental property supply is not available. My big question is... Am I too old to start investing in rental property?
I have such a hard time with the fears I have of debt. We just closed on our first home a few months ago and we love it. Especially in this market, it was a miracle! We are now talking about a rental property, perhaps near a lake or tourist area. I’m just so fearful of getting into more debt and risk not being able to get a cash flow from renters. Anyone else out there have advice for someone who wants to rent an Airbnb? Thanks!!
2 things: this is great advice for a first-time home buyer only. FHA won’t do this if you go past the first home. Second thing is once you get to the second property, EVERYONE wants 20%. If I’m missing something, let me know.
I have around 80k$ to buy a 4-plex... I'm trading crypto for a living.. so I'm not able to get a loan, what are my options its that case? private lenders?
Hey man awesome content, you claimed u own 20 million worth of real estate so can you help clarify something for me. I was wondering do you own 20 million dollars in real estate or does the bank own 20 million dollars of real estate?
Hey chandler, I’m in the Dayton Ohio area and looking to invest. There are tons of cheap properties that have great cash on cash returns (20%to40%). But a lot of them are in very rough areas of the city. Would you still invest in these properties?
Do you have to change your first home that becomes a rental into an investment property and increase the interest rate when you buy your next personal house that eventually will become a rental?
Im looking forward to seeing how it all goes for me. Paid off all my bad debt and built my credit up over the last 18 months and been saving my money. Next month I'll be looking for my first multifamily home to buy and move in myself. Hopefully I can make it using this exact strategy you are talking about.
Stay focused and make it happen!!! I learned about house hacking after I already had purchased my first home… now saving up 25% to purchase multi family home in the future.
@@WaT3rb0y619 This is my goal to make it happen. Im gonna do everything I can to make it work and probably learn from mistakes on the way. Hopefully in the next 5 to 10 years I can retire from my day job and focus on real estate full time.
@ZeeNine closed on my first one Nov 30th. It wasn't a multi family but it was too good of a deal to pass up. Picked up a 3 bedroom 1 and a half bath for 48k (I'm in the midwest) I'm putting about 25k into it. Same floor plan as mine sold a few months back updated for 160k. Plan to cash out refinance all my money out when I'm finished with it. Should be renting for about $1300.00 a month. That's about average for a decent one in that neighborhood. Im currently living in it while I'm remodeling it. Just me and a relative been fixing it up bit by bit.
I live in a super high cost area so there’s no way to do a house hack here in the traditional sense. I have a mortgage on a 2 BR; I have a roommate who pays half, I pay the other half. My goal is to get either a STR (preferably) or LTR in a cheaper town a few hours away. What would the downpayment be for that?
I have a question should you open a separate bank account just for all the cash flow money and keep it separate from your main account if you're still working full-time job?
Absolutely , that's what I do . Otherwise things can get confusing quick and opening another account is easy peasy . I have 3 checking accounts . 1 for rentals ( I own 3 ) 1 for personal use ( my family's financial needs ) and another one just for myself ( my wife also has her own ) .
Hey man. This was a great video, however, I wanted to point out a few things that are going to mislead people. 1.) if this is strictly an investment property, that is not going to be occupied by the borrower, you need 15-20% down depending on the lender. 2.) For non-investment property first-time homebuyers, conventional loans are actually a minimum of 3% down. FHA is great but they have set mortgage insurance and it is for the life of the loan until you refinance into a conventional loan. Conventional loans with borrowers having excellent credit (760) the mortgage insurance would be significantly cheaper than FHA and will automatically drop off once 20% equity is made. You can actually petition to remove your MI after a couple years. Hope this helps and grind my friend!
He literally says all that in the video lmao
For multifamilies, most areas actually require 25% down as an investment loan. It depends on where you live and your lender but 25% is the standard for brokers
@Lance Mulett duplexes are triplexes on my area are minimum 25% down. I think for single family it can be 15 or 20%
Any one can give me more information on getting my first property
@@Ty_OTM Watch some owner occupied "House Hack" videos to get you started. Check out "One Rental at a Time" or "Todd Baldwin"
I feel like rental properties are very easy to get into for the average working joe. In my town anyway, the cheapest properties have the fastest ROI because there is more demand for low cost rentals than what’s available. First home can be a $70k, 2000sqft duplex you rent for $700-$900/mo and also live in with an FHA loan. Very doable.
That is very interesting. May I ask what state this is in? Where I live n the surrounding states are all 300-600K
@@thegrind5273 that’s in Northwest PA, about 120 miles north or Pittsburgh. The market in Pittsburgh is awesome right now, really worth a look. Surrounding cities all have a lot to offer as well. Lots of properties ready to go at 200k. Looks like a really great place to get started
@@macintoshimann9892 thank you brotha, i appreciate it very much 🙏🤘I will definitely look into this.
You were very resourceful as a kid, good man. Fact that you’re a millionaire at 31, is amazing.
one of the best video, i've seen! Thank you!
Gear 5 solos the entire verse + dragon ball is mid
What if you already have a primary residence but purchasing the rental property fo investment. Is the 25% a requirement? And what other advice do you have. I’m in San Antonio, Texas
I know that you said that you may trade in your electric Porsche. What do you think about the lucid air electric vehicles?
Qualifying for primary home benefits are a big advantage.
I'm in Los Angeles where the market is crazy. So a 4-plex here seems so out of reach. I really appreciate your insight on real estate. It's very motivating.
Chandler, your big fish, small fish story and example is spot on, brother!! Dave Ramsey has his place in finance, but not in real estate.
Let’s go! When are you going to start a brokerage of some kind?! You gotta! 🙏
Hi Chandler. What if we want to purchase commercial real estate properties? Usually they require 25% down payment
If you own a home and are looking for an investment property what is the best process? I would like to have an investment property in addition to owning my current home.
Have you figured out how to do this yet?
Chandler is the 🐐
I’m looking through the descriptions for the ultimate discount code for your course ☺️ I’m so committed
People will be kicking themselves in few weeks if they miss the opportunity to buy and invest in bitcoin
As a beginner trader you like to take the opportunity to earn a lot of money... Get a professional broker and start a career in bitcoin trading
Bitcoin trading right now will be at every wise individuals list. In few minutes you'll be ecstatic with the decision you made today
Bitcoin trading nowadays is a big change to make money
Stock are good too
I wanted to trade crypto but I got confused by the fluctuation in price
Banger!
Anyone living on less than they make, needs to learn how to invest for a better future.
This is the best time to start up your CRYPTO TRADING investment now bitcoin is about $37k will be at the target of $70k soonest 🤗
Best comment from my friend was "I don't need CRYPTO, I have a good job "😅
I don't think anybody should be left out when going for digital assets
Bitcoin is the future, investing in it now will be the wisest thing to do especially this high rise
For real bitcoin is a collection of opportunities.
As far as I know you can purchase first property with 3% down as your primary residence. The rest considered to be investment, therefore 20-30% down payment. Correct me if I'm wrong. Or you just keep saying to the bank next property will be my primary residence? :)
If did fha loan don't I have to live in it?
Yes, which is why you should buy a property with 2-4 units
@@ChandlerDavidSmith thank you for response. I've been able to save 100k over last 2 years and got my credit score up. No debt atm. Just looking for a place now to invest into and start. Would like to be able to quit my day job in 5 years. Lofty goals i know.
Do you think the market will crash anytime soon?
No one can accurately predict this, I remember in 2005 no one saw it coming, then in 2006 the slowdown started and then boom. In fact the more the person relies on the industry going up, think realtors, the more they are blind to the obvious b.s. valuations, just like today.
well I figure there is no better time than now.
I don't make much. less than 40k a year.
in my state, and regional area I don't see hardly anything available that I could buy. Going out east, however, there is stuff to buy. If I need to, i'll travel across the US and live there for a few years to get myself in a better financial situation
I like the ski story.
What about buying a second property for rental?
They keep telling me I cant do an FHA because it wont be my primary residence. It can only be 20% for investment properties.
Can we use this strategy to build a 4 plex ? Because Multifamily duplexes are hard to find today
I heard somewhere that you could use fha more then once
What about money to fix some things in the house?
So what if we don’t have no capital and don’t want to wait and save would having a private lender cover your down payment and whatever they charge when it come to paying them back would be distributed from what the property is generating?
Do you know who bought that 120-140 (can’t remember the numbers) in rexburg by byu?
I maintain that investing in stock is still one of the very best means of doubling or holding your funds. Who thinks otherwise? Let's debate
I totally agree with you. It's been so wonderful after I met a professional stock trader from a popular and reputable firm earlier this year. Retiring by the end of the year with absolutely no fear!
I found Kara Kay Nixon on the news when she revived Manning and Napier in 2016. In all honesty, she's an angel indeed. You can make more inquiries about her through the web.
This is looking like a plug.
Being holding health stocks for years now.
@@kevinfong8923 A collegue said she put in 80k into her firm and she doubled it in months. Been meaning to check her out cos she has to be truly amazing to do that.......
yeah those numbers don't compute here in Hawaii. Thanks for the informative video though
When you say you own 30m in real estate do you mean you have 30m in equity or just control properties with a worth of 30m?
alright so I'm 21 and i currently make 5k a month after taxes. I just started my job so i have no money saved up. if my math is correct by the end of march i should have 12k saved up. meaning i only spend 1k a month, i dont pay rent live with parents. There's ready to rent 3 families in my area that are going for around 300k. so my plan once march is over is to put a 3.5% down payment on one of these houses. I'd also like to have them cover the closing cost or pay them 2-3% more for the house so that they cover the closing cost and I just work that into the mortgage. I'm fairly new to real estate so any advice or feedback would be appreciated. my credit score is 780 and I'm only 1.5k in debt from credit cards.
Bullshit your score is 780 at 21. Unless you’ve bought a car or a house. That score is worthless. Thats baby credit. No lender will take that.
If I get an FHA loan, would I be less likely to get a property since they would know it’d be my first property?
Would you be able to do a video about property managers? Signs of good vs bad, what to look for if you have 1 property vs multiple, and when would you recommend getting a manger (first property vs sixth)? etc...
Why didn’t I think of doing that at Kelly canyon 😂
You’re the best!
By reserves what do you mean ?
Im in California so this example will never work. 100k? More like 500k for a flip rental at best. Please do a video with real numbers. Thanks 👍🏼
Another amazing video thank you bro.... all the way from Maryland 👍
Should buy first property with an LLC?
How do they know your living there ? Say u put all the bills in your name an rent it out ?
bro i thought i got an offer up notification 😂 but it was just a sounds effect in the video
The issue is that I can only get a 3 bedroom condo for 400k in my area there is absolutely no a multi unit property in that range.
Here in Phoenix there almost no homes below 300k---they are more like 400 plus, and multifamily forget about them. I dont understand how anyone can invest in this ridiculous market that absolutely needs to correct by at least 50%.
@@lawrencekdog6243 people are buying with cash not shit loan so this is not a 2008
Great video as always
Freeking James! Great video.
You need at least closing cost plus down payment money. Especially if you don't have the money to buy it cash!
Awesome 👌!
So I live in the house for like a year? Then after that then list it and try to find a tenant?
i thought you can only get FHA loans for property that you will live at
Awesome video.
One other scenario I have is this, i have 70k in cash, but dont want to live in the 4-plex. I guess i would have to do 20 or 25% down on a investment property. I also have 20% equity in my primary home as well. What would you do in that scenario? Buy a cheaper home around a college town and rent out by room?
That's a good way to do it
We are selling our home to jump start our rentals business and just renting its cheaper and just one bill now extra work for us so we can focus on fixing up homes to rent.
You should make daily routine video of what you do daily to be successful
Great video
So if I want to buy my first property but im in an expensive area should i just drop everything and move to another state where homes are 100,000 so ican get the 3.5% or 5%??
You can put 3.5% from an FHA or 5% from a conventional loan anywhere. I used $100k because its simple to adjust & calculate what it will look like in your market.
While there may be a few markets around or even below this, most markets will be several times this number.
@@ChandlerDavidSmith Thanks so much for this info you’re the man!
I didn't think you can buy a rental with FHA?
Thank you god bless you for the inf
Thank you for being honest about having reserves.
Can you touch on VA home loans for a four Plex
I’ve always heard you need 2 years of tax returns and income is that true? I have enough saved up but haven’t worked for two years.
Yes you need to prove that you have been earning and paying your taxes consistently.
I'm 18 years old lives in a small town I have 20k saved and I can easily find a 100k home should I start purchasing so early? Or should I wait I need help this is the career I want to pursue
Wait…. You can use an FHA loan on a FOURplex as long as you live there??? 🤯
Yes!
thanks for making these amazing videos and helping me become financial educated
Only issue with this in today's market, really difficult to get an FHA accepted from sellers
So VERY TRUE!!
What about another future " pandemic" and future eviction moratoriums ? I'm still owed 30k + in back rental payments . Honestly, I'm getting out of rentals right now , and have mine up for sale as we speak.
3.5%? How on earth are you going to get cashflow going with such a small down payment?
I recently started buying gpus for mining crypto. Ethereum to be exact. I have made 2 eth and I’m going to hold that till the end of the year. It will be 4x by that time and I would easily break even and be making profit after 3 more months. I’m buying with loans that last 5 years lol. I can’t wait to profit from it. With profits I’m going to get into real estate.
How long do you live in your newly purchased property?
Hi Chandler I’m a 26 year old with 500k in cash. I’m have 0 knowledge about real estate. Are there any way I can get in touch with you ? Or a course one on one. Thank you
Chandler to put yourself in these investment position do you need a real estate license???
Or just pay in cash?
Great video thanks man !
A good bank will ask for 20-25% down. Idk where you're getting 3.5%.
So keep hearing how people should buy multi-family homes as their first unit. I stay in sc by the ocean. Real estate out here is crazy expensive. People who make these types of videos make it seem like it's a no brainier and everyone should be doing this. Can you make a video using my area as an example? Because I can't find a unit that will cash flow how you explained.
From me it's not so much the financial part as it is finding the property, it's hard enough find a single unit/home let alone a duplex, best I can think of is getting a 4bedroom and renting out 3 of the rooms
I still live with my parents at no rent , and say i saved the 50k and bought a house . Do you recommend if i have the possibility of staying at home and just simply rent out the house that was recently bought ?
depends on the type of loan but yes lots of people do it just dont get caught lol
@@chriswhynder8311 caught by who?
@@JoeyTheBeaster by the bank if they found out you bought it to just turn around from day one and rent it out
Thanks Chandler I find your videos to be very helpful, I'm currently in the process to starting out in purchasing a duplex or triplex however the prices have skyrocketed within the last 2 years or so. Thanks for all your content.
Im 17 and Turning 18 in a few months and want to do this don’t wanna go to college tho💀
Same but im going to college 😂
100k property not in Dc/Md
How can I get into my 2nd retail property if I can’t use another FHA?
Conventional bank loan 10%-20% down or unconventional seller financing
I am 53 years old. Never invested in rental property but been seriously thinking about it for the past 6 months. I looked around but rental property supply is not available. My big question is... Am I too old to start investing in rental property?
How much debt do you have on that $20M in real estate?
I have such a hard time with the fears I have of debt. We just closed on our first home a few months ago and we love it. Especially in this market, it was a miracle! We are now talking about a rental property, perhaps near a lake or tourist area. I’m just so fearful of getting into more debt and risk not being able to get a cash flow from renters. Anyone else out there have advice for someone who wants to rent an Airbnb? Thanks!!
2 things: this is great advice for a first-time home buyer only. FHA won’t do this if you go past the first home.
Second thing is once you get to the second property, EVERYONE wants 20%. If I’m missing something, let me know.
How about no money every time!
Most cases cash back at closing!
I have around 80k$ to buy a 4-plex... I'm trading crypto for a living.. so I'm not able to get a loan, what are my options its that case? private lenders?
buy a piece of land and build to suit. It may in your case be a good idea to build a high small high end single family, then sell it and reap rewards
Great content 👍👍 as usual
Hey man awesome content, you claimed u own 20 million worth of real estate so can you help clarify something for me. I was wondering do you own 20 million dollars in real estate or does the bank own 20 million dollars of real estate?
Hey chandler, I’m in the Dayton Ohio area and looking to invest. There are tons of cheap properties that have great cash on cash returns (20%to40%). But a lot of them are in very rough areas of the city. Would you still invest in these properties?
Do you have to change your first home that becomes a rental into an investment property and increase the interest rate when you buy your next personal house that eventually will become a rental?
No you don’t.
Can’t wait to run into you so we can box. Be ready.
Talk to your loan officer and get that pegged
Im looking forward to seeing how it all goes for me. Paid off all my bad debt and built my credit up over the last 18 months and been saving my money. Next month I'll be looking for my first multifamily home to buy and move in myself. Hopefully I can make it using this exact strategy you are talking about.
Stay focused and make it happen!!! I learned about house hacking after I already had purchased my first home… now saving up 25% to purchase multi family home in the future.
@@WaT3rb0y619 This is my goal to make it happen. Im gonna do everything I can to make it work and probably learn from mistakes on the way. Hopefully in the next 5 to 10 years I can retire from my day job and focus on real estate full time.
Great strategy. That's how I got my first rental property is by House Hacking.
@ZeeNine closed on my first one Nov 30th. It wasn't a multi family but it was too good of a deal to pass up. Picked up a 3 bedroom 1 and a half bath for 48k (I'm in the midwest) I'm putting about 25k into it. Same floor plan as mine sold a few months back updated for 160k. Plan to cash out refinance all my money out when I'm finished with it. Should be renting for about $1300.00 a month. That's about average for a decent one in that neighborhood. Im currently living in it while I'm remodeling it. Just me and a relative been fixing it up bit by bit.
@@WaT3rb0y619 yeah same
I live in a super high cost area so there’s no way to do a house hack here in the traditional sense. I have a mortgage on a 2 BR; I have a roommate who pays half, I pay the other half. My goal is to get either a STR (preferably) or LTR in a cheaper town a few hours away. What would the downpayment be for that?
Let's commit mortgage fraud by using an FHA loan claiming it is a primary residence to purchase investment property.
Uhh cash is king duuh
How did you estimate the Mortgage to be $400/month?
Chandler, hope all is well. Very informative video. I was wondering where can I purchase that particular ring. Thanks a lot!
This was a really good breakdown! It’s definitely much better to use primary home financing when you’re starting as it gives you more flexibility.
I have a question should you open a separate bank account just for all the cash flow money and keep it separate from your main account if you're still working full-time job?
Absolutely , that's what I do . Otherwise things can get confusing quick and opening another account is easy peasy . I have 3 checking accounts . 1 for rentals ( I own 3 ) 1 for personal use ( my family's financial needs ) and another one just for myself ( my wife also has her own ) .