10:13 curious why they would keep talking to you when you start asking about their seasonal vacancies. It seems like once you start asking the kinds of questions that a renter would never ask, they'll think you're wasting their time. (I'm assuming you pose as a prospective renter, when you call)
@@RyanBissell I would also like to know this! Most large complexes also have a listing of their available units and 3d tours as well. But I guess since he mainly looks at older C class complexes that might not be the case.
Are those the types of updates that would work for the brrr method? If you get the right rents after the updates your appraisal should come back good too right?
Chandler..what do you think is the best,least expensive upgrade to a rental property to increase rent and add resale value... Carport? Storage shed? trees?
@@ChandlerDavidSmith yea i do all that..im talking about an add on tho..like a carport or storage shed ? Trying to think of a nice add on for my tenants..like $1500 worth
Great video Chandler, thanks for your shared knowledge we appreciate that!! I'm pershonally in search of a distressed quad so I can hop in and raise rents
love love love this info....when someone says they have 200 units its obvious that they are using opm.is it even necessary to do your first few deals with your own money or should you keep your savings in the bank as emergency money and always use hard money lenders or private money to fund deals. banks love it when you have a steady job,but what if you dont have a job and your just an investor full time....do you still work in sales to show the bank your financial statements to get deals???
Are you at a point, where the multi family housing you bought six years ago has appreciated, rents have risen and you’ve paid down the mortgage enough where you are refinancing or getting a line of credit to use for other properties? Does this happen to a greater or lesser extent with multi family 5+? Are you using conventional or Fannie/Freddie money for your loans? Your thoughts?
hey Chandler could you make a video on the 1% rule and whether it's important or not? I still don't understand why it's so significant. In my market for example a 150k house can rent for 1500. However a 160k or 170k house rents for about the same, but your monthly note could be around 1100-1200. IF you landlord yourself you could still get about 300 in cash flow each month. But maybe I'm looking at it wrong?
From what I’ve read so far, 200-400 in cash flow is the typical range. I think once you’re able to purchase more properties, and therefore buy using larger down payments, you’ll have more cash flow per property. The reason being your mortgage payments will be less b/c you put more down.
I've heard people say that the number of doors doesn't matter and that you can get the same amount of wealth in real estate through single-family houses, what is your opinion on that?
Would you rather live in a 4 bedroom house and rent 3 rooms to roommates and share the area with them, or live in your own unit in a quad and rent 3 other separate units to people? I hope you can answer for yourself. all the best
@@lololololololol444 if your mortgage on $500k was about $3k a month. And you can rent a house at $3,200... yet a 4plex can easily go for $900 each unit... Which would you want?? If something happened to your 1 tenant in your SFR and they couldn't pay their rent versus 2 units being vacant in your 4plex, which situation would you rather be in? Some scenarios to give you food for thought!
@@Picwajzzz Me personally, I'd choose the quad 100% of the time. Why? 1) more privacy 2) easier to rent units than rooms 3) you can charge more for units over rooms 4) it's easier to count units rented as earned income compared to rooms. 5) rooms are the entry point of house hacking. Why start from the entry level when you don't have to?
![Noob To Max With DRAGON REWORK In Blox Fruits [FULL MOVIE]](http://i.ytimg.com/vi/LnBMOinoOvA/mqdefault.jpg)
This thumbnail is pure fire. Love it! Keep up the great work. Love to see those views going up with every video.
Thanks Chandler! I think this video has been one of my favorites that you've made!
Thank you! Glad you liked it!
Finally, a channel that feeds my inner Gordon Gekko.
This is a solid video. Thank you for the specific information about what you called and talked about
Thanks so much for watching!
What other questions do you have about analyzing your market?
10:13 curious why they would keep talking to you when you start asking about their seasonal vacancies. It seems like once you start asking the kinds of questions that a renter would never ask, they'll think you're wasting their time. (I'm assuming you pose as a prospective renter, when you call)
@@RyanBissell I would also like to know this! Most large complexes also have a listing of their available units and 3d tours as well. But I guess since he mainly looks at older C class complexes that might not be the case.
What is the oldest property you would purchase 60s 70s?
Glad to see you posting more videos these days. Keep it up!
How do i get into real state investing in a place so expensive like MA? And how do i go about finding a management company
Bro I love your video I watch your video all the time and I use your app to Close on a lot of property’s
I knew this video would be gold! Thank you! I’m going to implement this and do my homework.
Best video so far!! I would save this somewhere you can find it especially if you are beginning in real estate
Chandler dropping the hundred-million bomb! Go get em
Thank you for mentioning our services!
Are those the types of updates that would work for the brrr method? If you get the right rents after the updates your appraisal should come back good too right?
Chandler..what do you think is the best,least expensive upgrade to a rental property to increase rent and add resale value... Carport? Storage shed?
trees?
jay c paint, flooring, light fixtures, good cleaning, well kept exterior and lawn. These cheap things go a long way
@@ChandlerDavidSmith yea i do all that..im talking about an add on tho..like a carport or storage shed ? Trying to think of a nice add on for my tenants..like $1500 worth
Good content, Chandler. It can be tough getting inside some of these rentals.
.
Great video Chandler, thanks for your shared knowledge we appreciate that!!
I'm pershonally in search of a distressed quad so I can hop in and raise rents
Bro what do you do during 9-5 or did before
I saw your vid with the angry tenant. These new videos are 🔥
love love love this info....when someone says they have 200 units its obvious that they are using opm.is it even necessary to do your first few deals with your own money or should you keep your savings in the bank as emergency money and always use hard money lenders or private money to fund deals. banks love it when you have a steady job,but what if you dont have a job and your just an investor full time....do you still work in sales to show the bank your financial statements to get deals???
Hey! Yes, I still work my sales job full time
Are you at a point, where the multi family housing you bought six years ago has appreciated, rents have risen and you’ve paid down the mortgage enough where you are refinancing or getting a line of credit to use for other properties? Does this happen to a greater or lesser extent with multi family 5+? Are you using conventional or Fannie/Freddie money for your loans? Your thoughts?
this is gold!!!!!
Thanks!
Can you do a follow up to this video with loan options on commercial property? Similar to the home mortgages videos you posted recently. Thank you
The Book Multi-family Millions by David Lindahl has a good section on fixing up properties.
hey Chandler could you make a video on the 1% rule and whether it's important or not? I still don't understand why it's so significant. In my market for example a 150k house can rent for 1500. However a 160k or 170k house rents for about the same, but your monthly note could be around 1100-1200. IF you landlord yourself you could still get about 300 in cash flow each month. But maybe I'm looking at it wrong?
From what I’ve read so far, 200-400 in cash flow is the typical range. I think once you’re able to purchase more properties, and therefore buy using larger down payments, you’ll have more cash flow per property. The reason being your mortgage payments will be less b/c you put more down.
Thanks chandler.
Seller is old basically.
I've heard people say that the number of doors doesn't matter and that you can get the same amount of wealth in real estate through single-family houses, what is your opinion on that?
I agree and disagree. You can get the same return on both but it’s easier to scale and buy a 32 unit complex then 32 single family homes.
@@ChandlerDavidSmith So what's the difference between a 500k Fourplex vs a single house that costs 500k why is fourplex the right choice?
Would you rather live in a 4 bedroom house and rent 3 rooms to roommates and share the area with them, or live in your own unit in a quad and rent 3 other separate units to people?
I hope you can answer for yourself.
all the best
@@lololololololol444 if your mortgage on $500k was about $3k a month. And you can rent a house at $3,200... yet a 4plex can easily go for $900 each unit... Which would you want??
If something happened to your 1 tenant in your SFR and they couldn't pay their rent versus 2 units being vacant in your 4plex, which situation would you rather be in? Some scenarios to give you food for thought!
@@Picwajzzz Me personally, I'd choose the quad 100% of the time. Why?
1) more privacy
2) easier to rent units than rooms
3) you can charge more for units over rooms
4) it's easier to count units rented as earned income compared to rooms.
5) rooms are the entry point of house hacking. Why start from the entry level when you don't have to?
When do we get an update on your door count?! I like how you just slid that in there! Haha
This was juicy! gonna unsubscribre from a cuple other channels and subcribe to this one.