I'm Getting Evicted...
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- Опубліковано 18 вер 2022
- Surprise, I’m getting evicted! Working in real estate, I know that evictions are never fun for tenants or the people who own the property. Now, seeing as my old house has new owners, and my new home isn’t completed, I am in the predicament of being evicted! It has been a battle to figure out how to speed up the process of finishing my dream home while also making sure everything is done in an orderly and quality manner. In the end, there are some things you can’t control. Watch to see how and why I’m getting evicted, and what the state of my current house is in!
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 being able to share his passion alongside his family and buddies. He has seen them absolutely crush it when it comes to the investing and sales world. More importantly, he has been able to share his expertise with others and learned invaluable lessons along the way.
Chandler dives DEEP into all of the ins-and-outs of his situation of moving into his uncompleted dream home. At the same time, this is difficult as it is unfinished and there is nowhere else for him or his family to go! Wow, what a time to be alive! Keep in mind that there are A LOT of unknowns when you take a step into the real estate world - things fall through the cracks and honestly, anything can 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!
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Another clickbait title. I’ll bet most people watching (even long time followers) think he is losing the new house, when he is just moving out of his old house (i.e.HE IS NOT BEING EVICTED) I’m getting tired of these.
The guy taking the stuff off the shelf behind you while you did the video was hilarious! Lol
Plot Twist. He’s being evicted by the guy who he went viral evicting. 😂
🤣
shit ain’t so sweet from the other side🤣
🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
Lol
He owns several properties. The guy who he evicted tried to tell him where he was going to be in the long run for turning down his business opportunity.and now he’s here, evicted.
You’re not being evicted, you sold the home… very misleading title, you agreed to be out by a certain time..
Not really evicted! Clickbait. You had to move out cause you sold it.
I love checking in on you, so hopefully you will continue your content. Your videos are very helpful and entertaining. My husband and I have 8 units and counting 😊
Chandler, I can certainly empathize with you as we started our dream home in June of 2021 and moved in April of 2022. Although on a much smaller scale, we dealt with the same issues! Covid, lumber prices, interest rates, you name it. It is definitely a stressful process! Glad you are getting to the finish line. I love your content. Thanks for sharing!
Hope all goes well! You know what to do already. Soon you can move into your dream home without any hindrances. Good luck!
Started following you when you posted about your home building journey. Happy for you!
I was in the same exact situation 6 years ago. I was having to sell my house while waiting for mine to get finished. We had to pay the new owner's rent for a couple of months While we lived in their new home that ther purchased from us. Then like you we did not feel comfortable to keep asking to live there for another month. So had to move in with my mother in law for 6 more months while we waited for our house to be finished.
I truly appreciate you sharing this with all of us. It must have been very stressful and we can all learn fr tough times. I hope everything goes more smoothly for your family as you transition to your new place.
He's building a 2 MILLION dollar home! I think he'll be OK.
That's crazy man! I just had a similar situation using a cost plus contractor on a flip and it ended up costing WAY more than they quoted and I expected. He was also recommended by several local investors. First and last time using a cost plus contractor!
This is why I personally don’t build a dream home, even i had 5 properties because I don’t like so much risk. Taking a loan it’s dangerous so that is why I always stay extra careful when buying a house and i reached my limit in 2018 and i said i will not buy a house only if i had so much money or i paying at least 10 years of my house loan or my carrier improve away to much
Thanks so much for sharing with us! My wife and I hope that whenever we decide to build, we can avoid some of these pitfalls....but we'll probably experience something similar, lol. We have over 6 years of real estate investing experience, but know that when it comes to your own home....you make emotional decisions.
I am happy for the next chapter of your life, congratulations on the new home.
@chandler I am going through something similar but not building my dream home from the ground up, just going through an extensive remodel and have blown through my budget for the "surprises" that surfaced months after construction started. I was aiming for an Oct move-in date and mentioned that to my GC in March when we met. He didn't commit to it, or to any date but in the agreement I signed the GC gave a late Jan '23 completion estimate which I thought was ridiculous. Because he gave himself a good buffer, I have no idea if he's taking more time than he should. You mentioned something about penalties if a completion date is not met. With so many moving parts and coordination in this covid-era environment, can a completion date actually be stipulated in the agreement? I don't think I'd be able to find any contractors who would agree to a hard date much less a penalty for missing it. By the way, I'm in the San Francisco Bay Area. I hope to hear from you. Thanks.
Love your channel and how much info you give!
Hey Chandler. No worries the Stradman has plenty of room for you and the family to hang out for a few weeks.
Love the Intro, with the guy taking your stuff from out behind you. Nice Hook!
yes would love your take on what is to come with real estate
Displaced is different than evicted.
Good luck Chandler.. Our thoughts and we'll wishes are with you and your family 💗.
Love this Video. Keep on fighting. Ten years from now it won’t matter.
That was an excellent, artistic, and graceful way to video your exit from that space.
Honestly, I am stunned you have not had a nervous breakdown.
God bless you, your family, and your business.
#ToHappyDays
I’m sorry for your difficulties but am happy for your successes
I’d love to know your payment vs. what you thought your payment would be when you started.
Great video Chandler!! What a beautiful home! I'm so excited for you guys to move in and get all settled!
I loved the background changing during the video!
I hope all goes well 👍. I'm also rooting for James (Stradman) to come out of his house build positively 👌
as a custom home designer and builder i can say you got hit with every material delay and price in cost. You were building in the peak of the covid difficulties. That sucks dude. I can also say, I dont know a single custom home builder at this level that does anything but cost plus. Especially now post covid. no way they can take on that kind of liability and remain profitable.
Thanks for sharing and being transparent
You can move in with me Chan man ❤
Thank you for shereing your experience.
450k for the Lot! I payed 125k for my house and I thought that was a bit much. Sorry to hear about rhe eviction I know the feeling too well when there is a mix up and you're racing to find a place to stay until your next place is ready.
jumbo loan you would have been in the 5's not 6's but still good they kept you there. although depending on total of fees you might have been OK with a new lock wiht a couple points
THANK YOU FOR SHARING YOUR BEAUTIFUL FAMILY IT WAS HEARTFELT BUT GOD NEEDED ANOTHER ANGEL. GOD BLESS YOUR LIFE AND YOU.😢
Best real estate content on UA-cam by far.
Keep up the great work moving forward sir. I built my dream house about 3 years ago and it is surely a process but so worth it in the end.
As a new home builder in this market. I’m not doing anything outside of cost plus. I lost my butt on homes during covid
Hope everything goes good for you just be positive
You’ll be great buddy stay positive. If anything you can move in with Stradman lol
You dont get penalties for time and budget on residential construction, You get that on commercial construction because the profit margins are much higher on the commercial side. If you would have gotten a bid price then you would have seen a cost escalation clause in the contract. A contractor cant soak up a 1 million dollar overage on a 1.6 million dollar initial project. He would have went bankrupt and you still wouldn't have had your house. The biggest mistake made here was not have the cash to build your dream home. Borrow to buy a home you need sure, borrowing on a property like this is not smart.
I'm totally amazed you were able to get an estimate of $1.65 million for the size of mansion you were building.....wow
The title is pure clickbait but the execution for the video was really good. So all is fair!
Life lesson not to over leverage and the instant gratification culture.
Is James “Stradman” going to make a video soon saying the same thing?
How is this an eviction?
Your selling your home, and have to leave. Your not being served an eviction.
Wait you guys interest rates are going to keep going higher in the next year. let’s rent for 6 months until prices drop or move in with family, People need to stop buying and control the urge to buy in order for these prices to drop, sellers need to stop being greedy and drop prices now before they keep raising rates
Whats that guy messing around in the background???
Surely he can see you are Online
It's a bit.
Why would you deceive us all with this Clickbait title
You have more money than half the country
What does by the grace of God mean - when it’s about a loan of 1.5 million for a home. Please help me understand.
Holy shit chandler i need money like that😮💨 i wish you the best brotha!!!
Even if you did a lump sum contract instead of cost plus, I guarantee the GC would still hit you up with change orders due to the insane material inflation we saw the past 18 months. Even though it would be a lump sum contract, they could claim Force Mejure due to the pandemic/covid. Everyone is being hit with this.
Wow
Are you serious with this headline
I'm being evicted....
The guy who bought your house wants the house
And your building 3-4 mil house its not ready
And show off your 6 cars
Caption for your next video: "I'm moving back into my parent's basement."
The guy behind couldn’t do that stuff some other time? Wtf
Mate.. you are a great business man... and i understand the title of the video to get views... but you are not evicted... if you sold your old house.. thats not an eviction... and you did very good business decisions to afford being on another house for a few weeks or even a Airbnb... i really enjoy your videos.. but this one.. nooo
The background tho 😂
You greedy landlord!! JUSTKIDDING.
Thanks for being transparent. Funny. And sharing all this with us. You give value unlike most people on UA-cam who just want entertainment and clicks. ❤
You are a squatter pure and simple.
Sorry but this UA-cam video popped up in random videos I receive and it is one of the most boring videos I've heard in quite awhile.
No way a house like this could be built for 1.6 million. its just not reasonable. You would be easily 500k over budget even if the covid thing didn't happen. Side note, GC takes 25-30% of the total construction cost. Be an owner builder is best way to go.
Sounds like your extremely over-leveraged. If you own over 140 rental units just stay in one of those
How do experienced, educated folks like you and Stradman end up in the same boat on your personal home.
I must be from Mars, I don't get this dream house gig a home is nothing more than a roof over your head. I'm not trying to be mean $450,00 just for the dirt & with the house over $2,000.000, just think of all the rental homes you could have bought that would be paying you, or bought or started a business. Another thing that can get you into trouble is cars, again I'm not picking on you & this old timer hopes everything works out for you.
um....Chandler i think someone stole all your stuff
Chandler, I believe a crash coming to make 2008 look like nothing.
Chandler at least your Bride is doing well. 🤷♂️
😎
How are your wife and brother?
I thought you were joking at first
*clickbait*
3:00
Working with Skidmore? lol
Good content Chandler. Stay strong. All I hear from other RE investors is to be wary of contractors. Good tip on the guardrails
Any updates on your wife?
How can u be evicted when u own it?
8:05
That's got to be the softest eviction I've ever heard about. Still enjoyed the video and it had some good information
hmmm
Sounds like your extremely over leveraged
🤞
Force Majeure
Bro WHY SUCH A BIGGGGG A$$ HOME??? You have a family?
Hahahaha OMG the guy removing things in the background was a perfect addition.....
this was funny
🕶👍
Sucker born everyday😂😂😂😂i knew that was going to happen
Always evict someone who uses their middle name…..
First one
Why dont you move in the house you evicted that couple from?
First
So sad , he basically over paid for a house that worth one million dollar less.