Thank you Coach Carson This is a great analysis.

I’m 19; just purchased a 1bed, 1bath fourplex to house-hack. Fully rented and cash-flowing. It needs a lot of work and the purchase price reflected that. I am a contractor by trade and I’m willing for the headache so I guess that’s my “edge” ;)

Great guest. Good stuff

Great video Chad!! Thanks for all you do. Mark.

@CoachChadCarson

12 күн бұрын

Thanks for watching!

My first 10 properties were single family homes. If I could turn back time, my first 10 would be all fourplex units. Today I own 3 multi family & buying 5 more to hit my freedom number.

@CoachChadCarson

14 күн бұрын

Interesting. Thanks for sharing. Did you sell your single family houses to buy the 3 multifamily?

@MonteMitchell

14 күн бұрын

@@CoachChadCarson No, I still have all my SFH’s. In addition, I have 2 duplexes & 1 fourplex. I want 3 more fourplex units.

@noahcash

12 күн бұрын

What markets ?

@AndrewAllenHomeExpert

12 күн бұрын

🎉🎉🎉🎉

@jeffmack4561

12 күн бұрын

None because it’s a lie.

Excellent chat. When I see you and Erion, I make it a priority to watch. We have 2 duplexes and a SFH. Resting right now but if ever there was a good deal to buy a small multiplex (no more than a 4-plex) we would!

Nice video. Thanks.

@CoachChadCarson

12 күн бұрын

Thank you too!

Here is potentially a newer angle in the debate. Our duplex insurance with Liberty Mutual went from $1.4K annually in 2022, to $3k in 2023, and then $6k in 2024. The insurance agent said that the increased risk of multifamily rentals is driving the new rates. She went on to say that they wouldn’t even underwrite the duplex if we approached them today.

Do the house hack every year to get the best rates as a primary. That could potentially get up to 40 units minus the one you live in. Keeping all financing conventional.

@CoachChadCarson

14 күн бұрын

I like that strategy!

I started with two duplexes. My only regret - I didn’t start with a fourplex!

The first rental I jumped in was a 30 units apartment building back in 2015.😂

@CoachChadCarson

14 күн бұрын

Bold! Congrats!

@bradmarchant7822

10 күн бұрын

Just dipping your toe, eh???

@bbq8282

10 күн бұрын

Pretty much and never look back. Accumulating more than 100+ doors now and accidentally following the food step of Michael Z (one rental at a time)

We have a quadplex of 2 bedroom, 1 bath townhomes. Tenants 25 years, 10 years, 5 years and 2 years

@jldsystemsltd.4657

13 күн бұрын

Two tenants were there when we bought the building in 2017. The other inherited tenants ended up being evicted. Definitely our best property. It was intentional build 4-unit, nicer suburban neighborhood.

Great video. I'm 68, still have my VA loan eligibility and now I'm thinking that I ought to put it to good use!

@CoachChadCarson

13 күн бұрын

I love that idea! Good luck. And thank you for your service.

@rickertpropertygroup

13 күн бұрын

I'm a Vet too, and an investor, broker as well. Thanks for your service. VA loans are wonderful and if service connected, additional doors open. Good luck from this 64 year old! Mark

@TropicTrdr

12 күн бұрын

@@CoachChadCarson What is your opinion on on the Build to Rent sector, not in the context of institutional investors or builders to hold but to individuals like me who would buy and hack? I don't see duplexes marketed. Something for a future discussion?

@CoachChadCarson

12 күн бұрын

@@TropicTrdr i love the idea! The key is finding reliable builders who are selling to investors. You can sometimes find this through turnkey providers, investor friendly brokers, or networks of investors like Kathy Fetke's Real Wealth Network. Many builders today are also offering interest rate buy downs which can give you a 5% interest loan instead of 8% . I have an episode coming soon with a lady who bought a duplex like this in Texas

@TropicTrdr

11 күн бұрын

@@CoachChadCarson This crossed my mind after encountering small multi family properties where the property would not pass a VA appraisal nor would the seller bring it in compliance or accept the terms of the loan. Have a great weekend.

theres a new build 16 unit (4 quads) for sale for 4M. idk how to get my hands on it!

There is no one way to do it. They all have their pros and cons

My question is 30 days out from closing a house that me and my buddy put 5 percent down on. We will be both living there and will be our primary residence. Can we legally rent out the other 2 rooms of the 3 bed 2 bath house to our friends or does it have to be 20 percent down to be able to rent out which we will start doing on our next property

@CoachChadCarson

14 күн бұрын

I don't know of any 5% loans that prohibit you from renting extra bedrooms. Should be fine. But you can also ask your lender to be sure

@julieburkhardt61

9 күн бұрын

you can rent to anyone you want!

@griffinhahn7400

9 күн бұрын

@@julieburkhardt61thank you I figured

@griffinhahn7400

9 күн бұрын

@@CoachChadCarsonthank you!

22:08: If only we could "cancel" zoning and build tiny homes on our empty front lawns too lol...Since zoning first took root in the early twentieth century, it has invariably been used to enforce and perpetuate a uniquely American form of apartheid, shrouded in a fog of planning jargon and obtuse codes. While you will find no mention of race or class in your contemporary local zoning ordinances, the open pursuit of American apartheid forms the basis of many zoning codes still in effect today. Yes, the courts clamped down on de jure racial zoning in 1917, but court approval of economic zoning in 1926 would pave the way for de facto racial segregation…cities were quick to bring in renowned zoning framers who could provide legal cover for the same old exclusionary zoning codes.

Why not both 😊

@CoachChadCarson

14 күн бұрын

That's what I did!