Great video. Turned 25 a couple of days ago and closed on property #3 last month. Will be looking to rent out 2/3 and house hack the third. As a student in college, my time is limited and finding videos like these help simplify concepts that others in the industry can over complicate. Cheers!

Without a doubt….this is one of the most straightforward and helpful videos I’ve seen. Doesn’t waste time talking, but gets right into it! Nice work! Also downloaded the app! Super clean and easy to use

This is such an amazing breakdown. I have never seen anyone answer this question like you did. Thank you!

I’m 25 and hope to be able to get into real estate soon…

@pawelwisniewski6849

2 жыл бұрын

Sooner the better

@youtubecarspottersguide1

2 жыл бұрын

dont lease a $75000 luxury suv or truck and rent a $4000 2 bed apt. is. good place to start.. force yourself to save. drive to a bank or credit union away from you ,so it forces you to save and not touch that cash .than house hack 4-5 bedroom house or buy a duplex he does a great job on the break down of the costs

@neelray9150

2 жыл бұрын

Absolutely 🔥🔥🔥

@charlesg7926

2 жыл бұрын

Start a small business, and watch the KZread video that talks about “the most efficient levels for work, uses of your time”.

@charlesg7926

2 жыл бұрын

@@youtubecarspottersguide1 successful people don’t waste time driving to the bank. Get a DEBIT card and use that. Once your income is over $100,000 a year, start using a credit card (only spend $50 a month on gas), just to build your credit

I'm 25 and live in CA.. and unfortunately prices for properties are too high here.. thanks Chandler for what you're doing. Hopefully I can get my 1st property in couple of years from now😀🙏

@stephengardner5926

2 жыл бұрын

Making it out at a young age is quite difficult. I started a side hustle at 17, saved up and made some good investments. l'm 28,live on my own and having a good life for myself. Big ups to you and everyone out there trying

@frankdouglas1562

2 жыл бұрын

@@stephengardner5926 Sounds like plan, how do you put money to work?

@stephengardner5926

2 жыл бұрын

@@frankdouglas1562 Yes it sure is. I put in money in investments and get profits. That 's how I make more money without working. This does not sound new to you right ?

@steceymorgan814

2 жыл бұрын

Am hoping on you can explain more on how you make extra income from investments

@cryptocasey1083

2 жыл бұрын

@@steceymorgan814 There are lots of investments options such as real estate, stock market, forex, cr ypt os, passive income,

Nice man, I appreciate you sharing there's not one rule of thumb or metric you can look at. Everyone wants a silver bullet, but you have to understand a little more under the hood to know whats truly a good deal.

Love the app! I am just getting into the real estate game and only have one unit but I use the app all the time when looking at properties in my market!

I love chandler energy. His vibe is contagious

Chandler, in the calculator, should I be putting an existing HOA into the "other expenses" section?

Love the background!

Thanks chandler. I'm adding this to my criteria.

This video is actually really insightful

Are the example numbers in the analysis rent portion based off the income from one unit or both units?

I just saw your purple beauty, Ryan said it’s his now 😭. Looks even better in person!

I barely have a break even on my property, some times negative. But I still prefer holding on to my property. In highly appreciated area, it needs bigger down payment to even have cash flow

I downloaded your app thank you so much for everything you do for us I’m also in the idaho falls area

I've bought most stocks but I'm still unable to make profit. However, a few investors I read about were able to make profits of upto $500,000 in 3months, so am I doing something erroneous? please i need some hints on how to make enormous profit

@dermariobenjamin9964

2 жыл бұрын

Such prosperity level requires a good skillset and capital

@24ever12

2 жыл бұрын

You visually perceive most of these investors don't spend as much time on charts/graphs and yet they make more mazuma than others and that's because they had professional avail from a mentor or broker. I got in touch with a broker I optically discerned on a CNBC interview and with her avail I was able to engender a profit of $180,000, so just get in touch with a pro if you care to make better profit

@dermariobenjamin9964

2 жыл бұрын

@@24ever12 Hello Please how do I consult with her for guidance?

@24ever12

2 жыл бұрын

@@dermariobenjamin9964 My tutor is ‘Stacey Lee Jamieson’ and you can find her website online if you wish to get in touch with her. Her information is open to public

@dermariobenjamin9964

2 жыл бұрын

@@24ever12 I just looked her up and her strength is very attractive, I will definitely write to her soon. Thanks

Great video

Hey Chandler, when analyzing a property do you include current low rents or do you calculate with the current market value rents in that area for that particular unit? Love the videos bro, thanks

@oshitomaha

Жыл бұрын

Current rents. But if the market rent is low, calculate a fair market rent so you can increase the rent to the tenant.

Watching all the way from Ghana🇬🇭

@Yayo509

2 жыл бұрын

wait, is that the country that is in war??

Thank you! Many gurus charges for this calculator.

Very helpful video 👍🏼

@user-qr1jc8tn1l

2 жыл бұрын

Chat me 👆🏾 for more tips to make huge profits in Stocks and Crypto...

Hey Chandler, how do you estimate insurance costs when analyzing a property?

@collinfyler1627

2 жыл бұрын

Call and get a quote! Once you have a few properties you will know ballpark without calling on every deal

Hey Chandler! In the case of a house hack, do you count housing costs saved? I’m renting out one side of a duplex and I’m breaking even on cash flow a month ($0). But a 1/1 rental unit in my area costs a minimum of 1200$. Is there some way I should include that savings in my calculations?

@dylandelong7203

2 жыл бұрын

Run your numbers as if you weren't living there. If you're happy with the return then you're good

@user-qr1jc8tn1l

2 жыл бұрын

Chat me 👆🏾 for more tips to make huge profits in Stocks and Crypto...

Question: how are you getting $400 annual insurance???? My problem Here in Houston is insurance quotes and of course property taxes. Taxes can’t do much about, nothing less than $1.8k annual for duplex’s. For insurance I’ve gotten several quotes on duplex’s and nothing less than $180/month so $2160 annual. $2k vs $400 annual insurance will surely show up in the cash on cash, cap rate, etc metrics.

@lukeremsberg5796

2 жыл бұрын

He lives in a different state where taxes and insurance are way lower. just use the numbers that you actually have not the numbers someone else has in a different situation. Of course it will effect your return, but as long as you factor that into your criteria, you’re still only going to buy good deals

The markets in Utah are so bad that you would get negative cash flow at the current asking prices. $2.8M asking on a 8-plex with $11,600 monthly rent. It is insane here.

In my world....a minimum of $400 is the very least (a minimum of 10% cash on cash). I also am careful to include the cost of vacancy in my cash flow calcs. I use your rental calculator when I'm out - thank you! 😉

@dadams7211

2 жыл бұрын

Just curious. Is there a minimum if you were to cash out refinance making that possibly lower?

@LoriLivers

2 жыл бұрын

@@dadams7211 I dont ever go lower than the 10% and $400 per month.

Hey chandler, do you think using an interest only loan will be better? Im in CA so cashflow is terrible unless you use an interest only loan

@jasonbrown7402

2 жыл бұрын

Why not invest out of state? Are you worried about trusting others?

@yousufsharifi7747

2 жыл бұрын

@@jasonbrown7402 I mean I would really like to start where I live. Even though I’m sure I can buy something much bigger elsewhere I still prefer something close by. But what do you think about interest only loans?

@jasonbrown7402

2 жыл бұрын

You could find yourself with cash flow for the first 5 years but eventually the loan becomes amortized, and the payments become more expensive. I’d also have to think about the equity not getting paid and at least the chance to refinance for a lower payment and with hopefully a better interest rate. I think if you hold on long enough it can work out. Are you planning to self manage?

@yousufsharifi7747

2 жыл бұрын

@@jasonbrown7402 yea I’ll be managing it myself. I have some experience with managing properties. So of course I wouldn’t let it hit the amortized part, I was going to refinance or sell when the interest only part is about to finish. And as for the equity, CA real estate is known for appreciating a lot. I’ve seen properties appreciate 500% in 12 years which is crazy. My thought process was to get interest only and let the appreciation do all the work.

I have questions on house hacking. I’m a veteran and plan on using my va loan to get into real estate. Buying a multi-family building , staying in one unit and renting the rest. Can u make a video on that?

@MrGrenade121

4 ай бұрын

You can do this. Just have to make sure you have enough savings to cover appliances and other unexpected expenses

I’m 63, just getting started.

Idk how your views are down, your like meet kevin before he became the local news. We all miss more real estate info!

@mikebevan1034

2 жыл бұрын

Chandler quit posting for awhile to take care of his wife's health. Probably a big factor as to low views.

Cash flow just isn't possible in some areas where appreciation is very high. In my area, appreciation was 20% in 2021 and rents always lag, so cash flow is very negative for 0-2 yrs. As long as reserves are in place to float it for a few years, the unrealized return on investment is huge, like 100% every year due to that increase in value. I'll take the $30k per house per year any day of the week over $200/month cash flow. Just another way to invest.

@DewTime

2 жыл бұрын

Exactly. Focusing only on cash flow is a mistake.

I thought with all investment properties you need to put at least 20% down

"200 dollar cashflow return on an 800k home is a bad investment no matter how you look at it" - well i wouldnt say no matter how you look at it. I would never want that of course..because its certainly true in the context of rental real estate portfolios but relative to other NON real estate investments theres a point of view to say its a fine investment still.. Id argue that owning a 5 homes that cashflow net zero but at least the mortgages+insrance+tax+maintenance expenses are all being paid for by someone else is still an enviable situation compared to parking your money in other places. Thats inflation protection + equity increasing via mortgage paydown + possibility of equity increasing from market appreciation + tax bonuses.

1%+

This is

$400 insurance lol in Florida its 10x that.

Gotta say, I actually miss the intro music now…

rerun the numbers with a 8% interest rate

First

Duplicate video, possibly triplicate. Hope he isn’t running out of content ..

Greeting from Houston. Financially free from real estate thanks to videos like yours! Like and sub everyone! YOU CAN DO THIS!

@user-qr1jc8tn1l

2 жыл бұрын

Chat me 👆🏾 for more tips to make huge profits in Stocks and Crypto...

Hi Chandler I've followed you for a while now but not a fan of the short videos. Too short, not enough content and see too self centered

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