In my opinion this is the best video I’ve ever done. Let me know what you think..

@johnshenouda8254

4 жыл бұрын

agreed!

@TheFasterFreedomShow

4 жыл бұрын

I agree great info!

@ChandlerDavidSmith

4 жыл бұрын

Thanks!

@ChandlerDavidSmith

4 жыл бұрын

Thank you!

@jakedeatley

4 жыл бұрын

Great work! I am curious though, are all units separately metered? No utility bill is very nice if so.

This is the difference between Chandler David Smith VS MeetKevin or Graham Stephan, he has 99 actual units and brings a lot to bring to the table for real estate investors as opposed to realtors👍🏽

@hyrumgomez3969

4 жыл бұрын

Dude. FOR REAL. I want to start with single family home investing but then want to grow to multi family like he has. I’m big on cash flowing properties which also seem to be his bread and butter.

@ChandlerDavidSmith

4 жыл бұрын

Thank you, I like both of those guys but that’s a huge compliment!

@hyrumgomez3969

4 жыл бұрын

Chandler David Smith I like both of those guys too. In fact I bought one of Kevin’s courses and I been watching the for about 2 yrs now. But yea, you def bring a new perspective to the game

@TheFasterFreedomShow

4 жыл бұрын

TenMillionToMe Agreed completely! Chandler is on point! Now get your booty to my channel also! We own a large portfolio and also buy 150-200 houses a year!

@OmahaTonyG

4 жыл бұрын

The truth is that Chandler is a great investor. I prefer his channel because he sticks to real estate, even if that means less views.

Chandler is saving Real estate investment videos on KZread… Everyone else is doing coronavirus stuff and he’s killing it with good content 👍🏼 plus downloaded calculator

@ChandlerDavidSmith

4 жыл бұрын

Thank you!!

I was living in these units and he practically doubled the rent which forced all my neighbors to leave lol. But props to him on pulling the trigger on these units.

@Cris-nf1vy

3 жыл бұрын

did you find another $500 rent apartment in that area? just curious 🤔

@irone7050

Жыл бұрын

im more suprised how he found tenants willing to pay double the rent

you are the new meet kevin for real estate since his stimulus videos

@ChandlerDavidSmith

4 жыл бұрын

Haha thanks!

@ChandlerDavidSmith

4 жыл бұрын

That’s a big compliment!

I love all tour vdos! Currently taking your course right now and i’m learning so much from you!! Please keep being awesome and creating more analysis vdos like this one 🙂

Haven't watched it through yet because it was just posted, but I love your content man, you lay it out great, explain things really in depth. I've learned more that will make me money between your channel and just a couple others than I've gotten anywhere in my education halfway through college now.

@ChandlerDavidSmith

4 жыл бұрын

Thank you so much! That really means a lot!

Imagine watching this as the previous owner of the complex that sold it to chandler😂

@adebowalemuibi3047

3 жыл бұрын

Damn, I was just gonna say the same thing, they'd be scratching their heads!

One of the best real estate investing channels on KZread. You deserve 1million+ subs

@ChandlerDavidSmith

4 жыл бұрын

Thank you! That really means a lot!

I think ur channel is underrated ..cause ur the real deal

@ChandlerDavidSmith

4 жыл бұрын

Thank you so much!

This was an amazing breakdown. Thank you so much and I downloaded the app as well. These are the types of videos that are needed for us newbies. You oversimplified it. Thank you again 🖖🏾

I am so glad I found your channel when I am doing real estate investing. Your channel is the best one so far because you dissect each deal and go to specifics without holding back. Loyal subscriber here! :)

@ChandlerDavidSmith

4 жыл бұрын

Thank you! That really means a lot!

Came from Stradmans channel. I'm currently working to get into my first investment property. Your videos are so clear and easy to understand. I love them!

Can’t help but compliment how well put together this video is. Addressed everything I was curious about in an entertaining way. Subscribed.

this is honestly awesome!! i gotta sub Chandler! :) love the vids dude keep it up.

Outstand Chandler. Thank you for the time and hard work to explain the whole concept of getting a great deal. Much Respect.

Hey Chandler. Great video on your step by step process on how you did your deal. It is amazing what one can do with forced appreciation on real estate. I have a similar property I bought in 2015. Purchased a 32 unit property, remodeled about 60% of units, increased rents by 100% over 4 years and now is worth about 2.5 x cost basis. Great job with your deal and video!

@ChandlerDavidSmith

4 жыл бұрын

Love it! Thanks

Your energy is just amazing, man! I like how passionate you are about being strategic with real estate investing. It's like you're playing a video game, but in real life. One thing I wanted to ask about this deal though. Did you have any repairs to do to the units in order to really justify the increased rental price? Or the rental price & demand in the area was enough to justify it?

Great breakdown, dude! Holy smokes, was waiting for a pitch for a course the whole time, lol. Great app, great deal breakdown. Subbed

Bro this business youtuber is actually good. No real estate bullshit and speaks with experience. Do you have any commercial properties?

@ChandlerDavidSmith

4 жыл бұрын

I appreciate it man. I have a few, but residential is what I’m more comfortable with.

Wow great and informative video. Congratulations 🎈🍾 on that purchase!

Hey Chandler I do sales for a living, New York Life, and Honestly, besides real estate, I've been learning a lot of sales tactics from you! From the way you start the video, to the way you do negotiations, and your calculator promotion, love it! Thanks for sharing consistently sharing videos!

@ChandlerDavidSmith

4 жыл бұрын

Thank you! That means a lot!

Happy birthday! Love your content, love the car, can’t believe you also live in Idaho!

Awesome video! Very smart to tell the realtor HOW you came up with your offer! Thanks for the calculator!

That was a great breakdown of a multi family property deal. That is exactly why I’m moving away from single family. I’m closing on an 8 unit on Friday and I’m hoping to grow to be as successful as you.

@ChandlerDavidSmith

4 жыл бұрын

That’s awesome! Thank you! That’s very nice of you!

@fs9453

Жыл бұрын

Hey tony maybe you are able to answer my question! I wanna get started in commercial real estate pretty soon but how do I get pre approved for a CRE loan

This is one is my first youtube videos I have watched from your channel. Please continue your channel. I have been buying single family houses because I was shying away from "commercial lending" I can't wait to be in touch with you personally.

Love the video! When you raised the rents after purchasing the property, did you do any renovations to the units?

I love how you break down the numbers, by the way I downloaded the CDS calculator its awesome 👍

One of my fav videos of all time! I watched the whole 30 minutes, this was very well explained thank you!

This is very inspiring! You make money when you buy. Hopefully I can get a nice deal like that one day

@ChandlerDavidSmith

4 жыл бұрын

Thank you! You can! Go get it!

Great explanation, really liked how you made the realtor do all the work for you.

That video was absolutely outstanding. My best friend and I have four single family homes. We have acquired them over 4 years and they are all at full capacity and we're doing quite well for ourselves as far as the investment goes. Videos like this and your other videos I feel are great education to get us forward momentum to buying a multiplex unit. Thank you again

In regards to the ratio you mentioned at the end. You paid a premium on the property because you knew you could raise rents by a substantial amount. A new owner looking to buy would not be able to increase the rents by the same ratio. A better way to think of value created is to determine increased NOI divided by CAP rate.

@ChandlerDavidSmith

4 жыл бұрын

I don’t disagree at all. It was to maximize the point I was trying to prove

@hfernand89

4 жыл бұрын

@@ChandlerDavidSmith Got it!

Awesome brother congrats! I wish I could find something that cheap in Vegas lol might have to go shopping in the Midwest

@ChandlerDavidSmith

4 жыл бұрын

Thank you! Good luck! Go get it!

Amazing deal Chandler! As a commercial realtor myself, this is so much value. Definitely sharing this with my future investors.

Nice job man that is a killer deal!!!

@ChandlerDavidSmith

4 жыл бұрын

Thank you!

Love the videos Chandler. Quick question. How do you remove the tenants that are paying the low rents? Is the building rent stabilized? Or do you just jack the rents up and then the people decide to move out? Thank you!

Awesome video, super inspiring! Keep it up!

@ChandlerDavidSmith

4 жыл бұрын

Thank you! Will do!

Like your rental property calculator app. Usually do all this on paper so easy and straight forward.

@ChandlerDavidSmith

4 жыл бұрын

Glad you like it!!

Chandler I just subscribed and this content is incredible! Ps I came over from meet Kevin this is so much better😂😂! Can you talk about tactics when it comes to filling vacancies?

@jamesricks

3 жыл бұрын

Watch his recent video "should you buy real estate?" he talks about that

Love the video and it's super helpful. One question about your calculations and raising the rents. How do you calculate your cost to get it to market rents. Surely you can't just raise them without making any improvements?

Man i love ur vids

If I had to choose a mentor between you, Ben Mallah, and Uncle G. You're it! I would love to work with Big Ben but he can be quite intimidating lol. And no offense to Uncle G, you're still an inspiration dude. But you Mr.Smith literally gave a detailed explanation on how to analyze and run the numbers in the simplest way possible - easy to understand. I've learned a lot in 28 minutes. This is GOLD content and amazingly FREE! My goal is to own my first multi-unit within 3-4 years from now. Of course, I'll need a down payment - 35% of the purchase price. I've got a plan to build capital to afford the down payment and extra for repairs. My goal will come to fruition.

Very good episode. Keep it up!

love your videos!! would you be able to do a video on out of state investing?

@ChandlerDavidSmith

4 жыл бұрын

I will in the future. Right now I just like doing videos on things that I’ve actually put the practice. I don’t own anything out of state yet

Love the app! And vid!

Great Video! Did you keep your residential real estate agent when you started purchasing 5+ unit buildings or did you switch to a commercial real estate broker?

@ChandlerDavidSmith

4 жыл бұрын

Small town so most realtors do both. Stayed with who brought me the deal

Great negotiating tips!!!

@ChandlerDavidSmith

4 жыл бұрын

Thanks!

Awesome Chandler! nice vid. :)

@ChandlerDavidSmith

4 жыл бұрын

Thank you!

Loved this one chandler! So on a deal this big would you end up refinancing your down payment out of the deal or do you plan to leave it there?

@ChandlerDavidSmith

4 жыл бұрын

I plan on leaving it. If another deal comes in I need the money that’s one thing but right now I like the way it is set up

Thanks for the video chandler 💪💪💪

@ChandlerDavidSmith

4 жыл бұрын

Thanks for watching and commenting!

Just come across your video, that's a magic calculator, thanks for inventing it!

This is such gold. knocking it out of the park Chandler

What's up chandler great info keep it up

AMAZING!!!

Damn, I guess I have to move. 50% rent increase.

That’s awesome Chandler! That info was worth a million dollars and I got it for free! U da Man!

@ChandlerDavidSmith

4 жыл бұрын

Thanks man! Glad I could help!

ROCKSTAR!!! Chandler, as part of raising the rents did you also have to make any improvements to the units/property? Or were they already in decent condition?

Hi, Chandler! Excellent video! I have a question: that 1M dollar value you added to the property by raising rents, how do you plan on accessing that? Is that only when you sell it in the future or is it possible to get an appraisal, bring it to the bank, then refinance so you can pull some of the money out?

Thank you for sharing this Chandler! I have been learning a tone form your stuff. I’m looking to purchase my first property in a couple of months; during my research I came across something you have never talked about neither has Meet Kevin. So please, if you can talk about the Fannie Mae HomeReady Loan on one of your next videos it will be truly appreciated. Thank you!

@ChandlerDavidSmith

4 жыл бұрын

I’ll look into this! Thanks!

@armandomusanga8438

4 жыл бұрын

Chandler David Smith you’re the best man!! I appreciate it! Keep helping and inspiring us through your amazing content. God bless!

Congrats!! Killer Deal, Hopefully soon I'll be doing these type of deals. In what market you normally invest in?

@ChandlerDavidSmith

4 жыл бұрын

Thanks! Go get it! In Idaho

This video is amazing

Im curious! Did you do any sort of renovations at all? Meaning did you put any money into the deal besides the downpayment? Also do you plan on refinancing the deal and taking out equity ?

Hey Chandler. I like the video however I would like for you to do a video on how you raised $650,000. Not many people have that laying around. That would be educational.

@sinister354

4 жыл бұрын

I second that.

@ChandlerDavidSmith

4 жыл бұрын

Checkout www.elitesummersales.com

@PACMAN84RE

4 жыл бұрын

Thank you Chandler. Are you saying this is how you raised the 650k for the down payment of that deal? Can you explain more?

@_timmy_b

4 жыл бұрын

I agree, I don’t understand. Is that your website/business ? I’m interested in how you afford to put 650k down as well. Thanks

@dg1465

4 жыл бұрын

Wow i have to ask the same question. Raising that much capitial for that deal alone is pretty impressive. I would like to see how you managed that. Did you raise that with other investors? Or HELOC/Cash out refi your other investments? An educational video would be nice. This is one of the hardest part to achive alone for RE investing. Thank you Chandler.

Another great video my man! **QUESTION: when rents are low and the property is essentially "break even" with 30% down how do you get the commercial lender to finance it with 30% down. The commercial lenders I have talked to tell me that they are going to adjust the max loan amount based on the trailing 12 (current rent roll). As a residential mortgage broker (1-4 units) the commercial guidelines are all new to me but seems like finding a property with below market rents is a great way to snag a deal but I was under the impression this would be an issue with financing. Thanks for all the great value content, I'm at 10 units and like you realizing I need to look at 20+ if I want to scale. Cheers! -MattTheMortgageGuy

@ChandlerDavidSmith

4 жыл бұрын

I actually did struggle with this. The only reason I was able to push it through is because I could prove I had other properties in that same area that I had rented substantially higher. I also had built a long-term relationship with this credit union and they hold all of my money and my loans. Definitely had to negotiate to make it happen

Good video. I've been in real estate investment for over 10 years, the biggest challenge is finding the deal that the number works like this. Can you do a video deep dive on deal sourcing? Thx

Chandler, this was an excellent video. Thank you for sharing all of your tips and tricks with us. One question though. You are a young man and you will probably be purchasing real estate for the next 50 years. Aren’t you concerned that you are going to make it harder for yourself to purchase properties using these tips and tricks because the sellers that you may be purchasing from will have seen your videos? This means that they will know to look twice at the costs that you include in your calculations, such as property management fees and interest rates? Or that they will know to research what market rents are for their properties before they put them up for sale? Relatedly, have you ever encountered a seller who knew who you were because of your KZread videos?

Hey! I just had a question, so are you paying the realtors to bring you good deals?

DUDE… LOVE THIS VIDEO!!! Your content and Calc is incredible You are quickly becoming my favorite channel to watch However 1 question Question: shouldn’t U have added the $80,000 to the category of “cost to make rent ready”??? Instead of coming off the cost of down payment , if not , WHY NOT please ??? GREAT VIDEO my friend

Have you been on Kevin's channel? Just saw you on Stradman's nice work. I'm looking at buying a 100+ apartment unit in Houston TX. Any tips??

Do you have on site property management for that 32 Plex and how much does that dip into your cash flow?

@ChandlerDavidSmith

4 жыл бұрын

No I do not. None of my properties have on site yet. That’s new territory that I will hopefully be exploring in the near future

I had a question chandler? During due diligence how do you find issues in the property, the most common ones and how do you negotiate with the seller to give it back during closing? Can you please let me know or make a video on it? Thank you so much love your videos so much man your an inspiration to the youth. Keep it killing it my friend 💪🏼

nice video thanks chandler

@ChandlerDavidSmith

4 жыл бұрын

Thank you!

Great video and breakdown. How did you get down payment funds?

@ChandlerDavidSmith

4 жыл бұрын

Thank you! My job in door to door sales Www.elitesummersales.com

You sir, have gained a subscriber from a young soon to be investor

Great calculator tool!

I like the calculator he’s using. Ima bookmark that thing

Do you always use the GRM to calculate the added value from the rent increase or the cap rate? Great video btw, killer deal you bought!

Is your play to hold or flip when you get vacancy down? I’m loving this stuff - feeling like I need to start with 2-4plex but want to just dive into larger ones... my hiccup I guess is getting loans... Partnering with experienced folks is the only way around this?? Suggestions?

Congratulations!

Chandler, you're a boss. Congratulations!

@ChandlerDavidSmith

4 жыл бұрын

Thank you! That means a lot!

@marcusstewartt

4 жыл бұрын

Sure thing. Can you explain debt service and what types of numbers we should be looking for with this?

That is the deal of the year!!

Lol great energy, thanks Chandler

@ChandlerDavidSmith

4 жыл бұрын

Thank you!

Your not wrong man. Great video 👍

@ChandlerDavidSmith

4 жыл бұрын

Thanks!

In the beginning of every video it always seems like you’re about to burst out laughing 😂

@ChandlerDavidSmith

4 жыл бұрын

Haha gotta start pumped

Epic. Similar price per unit to my 12 plex. I paid $810k and it produces $9,600 per month.

@ChandlerDavidSmith

4 жыл бұрын

Thanks! And congrats on your deal

Hey Chandler, I appreciate your videos man! I have a question for you or anyone that can answer. When you lowered your down payment to 27.2% (I think it was), why did you not adjust the purchase price back to 2.1M?

@paulleason105

2 жыл бұрын

Agree. I feel he doubled dipped on the $80k here. I couldn't understand this part. If the PP is $2.1M and you get $80k cash at close, the mortgage is still based on $1.2M and 70%LTV surely. So your down payment drops from $630k to $550k and your PP stays at $2.1M. The other scenario is no cash at close but to lower the PP to $2,020,000 and still with a 30% DP.

New to the channel, what did you do to get the rents ito 775-800 per month and how much did that cost you to do it? Did you rehab the units to justify the increase in rent? How did that effect your numbers? Did you have reserve fund for the expenses until fully rented?

How did you come up with the down payment ? What if i found a deal like this and needed investors how do i do that.

I LOVE THIS GUY

I am 21 and new to real estate investing. We currently own one rental property and are interested in buying a four plex next using a streamline loan on our current equity. I am wondering, when prices drop in homes and complexes due to the recession, do rent prices also drop as forclosures and short sales are happening because people cant afford the payments anyway? I am still trying to figure things out and enjoy learning from you!

This was a great video - except for the part with the funny math at the end in predicting the net worth addition. That ratio of cashflow to purchase price isn't how the value of commercial deals are calculated. Hopefully the other videos explain cap rates and NOIs so people can understand the true relationship between cashflow and increased value added to a property. But lots of gems otherwise. Grabbed that calculator as well to check against my underwriting model - pretty nice to have on the fly.

Love it. Unfortunately in New Zealand houses are usually family homes. We have 54 rentals so far... maybe it’s time to come visit America and flex some plex #storeystories

So I'm looking to buy my first 4 plex and hire a property manager to take care of it. After the purchase, how do you explain to the existing tenants that you're the new owner and where rent payments go? Or does my property manager go explain that to the tenants?

@ChandlerDavidSmith

4 жыл бұрын

Write a good letter

@ChandlerDavidSmith

4 жыл бұрын

I’ll do a video on this

Subscribed

Hey Chandler - great video. In your calculation - you didnt add any money to renovate the units in order to justify the rent add on ? Mike

I so need your numbers mind go chandler!!👍🏾👍🏾

Hey Chandler. I was wondering why you invested in 32 unit buildings rather than a NNN commercial property.

How are you getting 12% for maintenance? What's that comprised of?

Imagine the owner watches this video hahaha