What else would you like to know about buying your first rental property?
@antonioalejandrogonzalezca8691
4 жыл бұрын
Hey Chandler, would love to see a video with the same title but for International investors that want to invest in USA (Im Mexican)
@whitelightning0000
4 жыл бұрын
Hey man, if you could do a video about the different advantages and disadvantages of buying different property type. Example Single family homes, Duplexes and Apartments
@apollosoundsystems
4 жыл бұрын
I would like to know more about Creative Financing. I did get your course. I decided to pass on that Triplex. It was to much work to do for my first investment property.
@TheDJW21
4 жыл бұрын
How to find the killer deals? What price per sq ft and what makes a good deal? What fixes you can do for under $500 a piece?
@ismagom2012
4 жыл бұрын
If you quit claim it you can activate the due on sale clause which could be problematic.
@a1lewis4
4 жыл бұрын
Dave Ramsey would cringe knowing there’s so many loans being taken out 😅🤣
@ChandlerDavidSmith
4 жыл бұрын
Haha I love it!
@a1lewis4
4 жыл бұрын
Chandler David Smith always great content man!
@NickFaulkner
4 жыл бұрын
HAHA
@bebin73
3 жыл бұрын
Ramsey has good advice for the avg person who has no financial knowledge and can’t control credit card spending etc. it’s terrible advice for investors and people who are great with money and are ok with smart debt
@yashankchoksi7686
4 жыл бұрын
Hey Chandler! I love your CDS calculator. I just ran numbers for my first property and it works amazing❤️. If you can, could you please make a video on how you bought 99 properties in just 7+ years? Really appreciate it. Keep posting such good content.💪👍🏻
@ChandlerDavidSmith
4 жыл бұрын
Will do! Thank you!
@MrTBoner911
4 жыл бұрын
A $100k house renting for $2k per month.. what city is this??
@mxhead9134
4 жыл бұрын
Utah🤣🤣
@MichaelTandarich
4 жыл бұрын
Just throwing this out there but for the Cash on Cash Return area on your app. It would be cool if it could be Green when it’s in a good “range” and Red when it’s in a bad range. That way we can quickly know what is a good deal and not. I know it ranges by area and such but still maybe good to have that range
@ChandlerDavidSmith
4 жыл бұрын
That’s a great recommendation. Thanks for letting me know 👍
@felipedelrio6805
2 жыл бұрын
@@ChandlerDavidSmith when will be the update on the app?
@ecomconner3369
4 жыл бұрын
I wish we could get down payments that low in Canada, lowest I could find was 10% down, which still wasn't to bad. Closing on my first property in two weeks at 20 years old. I managed to find a fourplex for a really good deal! Very excited to finally get started after researching for the past few years
@dhandho6465
4 жыл бұрын
What all did they look for to qualify for the loan? (Income requirements)
@JeffWybo
4 жыл бұрын
What area?? It’s 5% down under 500k for single family or duplex.
@ChandlerDavidSmith
4 жыл бұрын
Congrats!! Go get it!
@rameshramabhadran2098
4 жыл бұрын
Jeff Wybo are you the one who featured in Matt Mckeever’s channel?
@ecomconner3369
4 жыл бұрын
@@dhandho6465 Im self employed so I had to show the last two years of earnings, all my expenses, and where the money for the down payment came from!
@ricotruss1477
4 жыл бұрын
Closing on First property currently.
@Terrell_D
4 жыл бұрын
I think I’m 15 videos in at this point. I will say, the information is amazingly detailed and the app idea is the first I’ve seen and is different! Keep up the great work!
@ChandlerDavidSmith
4 жыл бұрын
Thank you so much! Will do!
@ratherfilmproductions872
3 жыл бұрын
The 1% rule seems crazy all these houses around me are 30k or less and rent for $650 a month
@hustlindaddiy5194
4 жыл бұрын
Everyone else: My company is giving me the day off so I’m checking out. Chandler: Yeah, I am still going to pump out amazingly helpful content today.
@ChandlerDavidSmith
4 жыл бұрын
Thanks my man!
@NickFaulkner
4 жыл бұрын
Gotta work hard to make that money.
@markshepard7606
4 жыл бұрын
love your content. I've been investing in real estate since 2013 in a college town. I had no mentors, and made a ton of mistakes along the way; that being said I was successful on my own. Your content has enriched my confidence and knowledge to capitalize on my successes.My early success wasn't with ought its hardships. I currently own 10 doors, income is 7926- cash flow is 3,215. I have too many "project properties" that don't produce anything, and wont with ought a cost prohibitive amount of funds. I paid cash for 6 properties over the years, 3 of which produce income (soon to be 4, another story for another time) and 1 that is mortgaged. I am sitting on roughly 475,000 in equity that I could pull down. In recent, I an hopeful for a 19 unit complex. wish me luck!
@bebin73
3 жыл бұрын
I’ve learned to finish a property Reno and have it rent ready within 4-6 months of purchase. Don’t let something sit. It drains cash flow and sits and weathers faster than if someone was living there. If you own 3 properties that cash flow go to the bank and get a loan. They will give 75% of appraised value. Then take that money and renovate what you have left. If you own some that are cost prohibitive to repair they were bad purchases and you should sell them, or find someone who will rent and do the Reno work themselves. Give them a break on rent and they will increase the value of your property. But if you have 10 doors and only 3 are producing rent I’d step back and reevaluate what I’m purchasing and why, and sell them or figure out a way to get them producing income.
@blessonbijualexander.3892
3 жыл бұрын
How long do you recommend the time period to pay off our mortgage , 30 years ? Is it too long , what if we try to pay off mortgage of our first rental property within 5 years ? Then within that time the property will be ours right ? Or I’m I wrong ? Will it kill my cash flow over the years ?
@astrahl
3 жыл бұрын
When are you gonna do another sale. If it goes to $199 again I will buy :)
@TheDJW21
4 жыл бұрын
Don’t forget that most people can also qualify for down payment assistance grants, requiring you to only pay 0.5% down payment and the grant pays for the other 3%. It’s never been easier to get into real estate than right now!!
@ChandlerDavidSmith
4 жыл бұрын
Love it!
@ronaldo19832
4 жыл бұрын
Wait if it’s your rental property it means it’s your second home. I don’t think you can qualify for that for a house you are not living in
@unbezo398
4 жыл бұрын
How do you qualify for the assistanceprogram?
@DemarioDon
4 жыл бұрын
I’m listening
@bebin73
3 жыл бұрын
@@ronaldo19832 not if you buy a duplex, triplex or 4-plex and live in one of the units
@jkclan4971
4 жыл бұрын
First
@JeffWybo
4 жыл бұрын
👏
@djdrewthomas
4 жыл бұрын
I'm 2,198th! 😃 lol
@ChandlerDavidSmith
4 жыл бұрын
Nailed it!!
@CaseyBurnsInvesting
4 жыл бұрын
You’re gonna see me in that course one day. That’s a promise!
@JeffWybo
4 жыл бұрын
Hell ya 👊
@ChandlerDavidSmith
4 жыл бұрын
Send it my man!!
@pacificnwcarpenter5486
4 жыл бұрын
Hell yeah I'm in it and can not wait till the 10th
@DonavanMcdabb
4 жыл бұрын
I see you bro. You really really out here salute. 💯💪🏾✊🏾
@W2Capitalist
4 жыл бұрын
I’m actually tell newbies now is not the time to invest, but the time to educate yourself. Take Chandler’s course now!
@0mnilegacy
4 жыл бұрын
What about the next property? Due to how my tax was prepared, my deductions counted against me and was denied a loan because it made my income look low.
@ChandlerDavidSmith
4 жыл бұрын
You have to pay to play. Sit down with your loan officer and your accountant together and make sure you do things properly moving forward
@bebin73
3 жыл бұрын
Your gross income and net income are what the bank looks at. If you didn’t show enough income reduce expenses. Can you raise rent ?
@jasonsebrasky9756
Жыл бұрын
Thank you buddy for the information. I have 3 questions. Would you advise someone wanting to get into rentals to take the state certification to become a realtor? Secondary do you have a lawyer write up rental agreement policy to protect yourself? And finally, based on a percentage how much more do insurance companies charge for rental property versus primary residence. I really respect your opinion, trying to search these matters on the ole interweb can be very confusing and ambiguous. Thank you Sir! Jason from Indiana (Land of huge housing shortages and skyrocketing rental costs! )
@HALFAMAZINGTV
4 жыл бұрын
Great vid. I'm a little late, lol. Just purchased a live-in/buy& hold SF, using no money down VA, and all closing costs covered. I'm sitting at 2.75% and $500 under my anticipated monthly budget. Next is to figure out how to get my next one, after putting tenants in there in 12 mos.
@ChandlerDavidSmith
4 жыл бұрын
Love it! Go get it!
@douglascarpenter5433
4 жыл бұрын
Dont u have to live in it for a year b4 u can use va again?
@HALFAMAZINGTV
4 жыл бұрын
@@douglascarpenter5433 sorry for the late response. Yes, you agree to live in, but there is no specified time. however, it is shunned upon by veterans to use the va for investment purposes. therefore, in order to preserve the integrity of the benefit, it's recommended to stay in at least 1 year (unwritten recommendation)
@HALFAMAZINGTV
4 жыл бұрын
@@douglascarpenter5433 as for reuse, as long as you have enough benefits from the previous purchase, you can have several homes. if it's capped at 36k for guaranteed entitlement, then as long as you don't go over that, you are good. that, or you will have to use out of pocket funding.
@mz.j8059
3 жыл бұрын
crank up the maintenance expense for 'super ghetto properties"?.. does that mean we almost eliminate maintenance expenses for bougie ones?.. or how would you define "super ghetto properties", so I don't misunderstand, or do my calculations wrong SMH.
@thesavoyard
2 жыл бұрын
I'm a veteran, my idea is to buy a MF, preferably a fourplex, on an FHA loan. That only requires that I live on site for a year. After the year I can use my veterans loan for another fourplex, I'll have to live there for two years. I should have enough cashflow after that to start doing 25% down.
@Shaun-sh1po
4 жыл бұрын
Hi Chandler. Can i ask, what is your average purchase price for your 2-4 unit properties? Thanks!
@ChandlerDavidSmith
4 жыл бұрын
I pay between 50k and 100k per unit
@jordyjacobs3939
4 жыл бұрын
My question always is, who on earth rents a property for 1000$/month for something that's only worth 100k? Here in Europe something that's worth 100k would only rent out for 3-400 dollars max.
@bebin73
3 жыл бұрын
I have rental income of 2-3% of the property value on every one of my properties. It’s very easy Esp with residential and multi-family (duplexes etc). If people could buy their own property they wouldn’t rent
@qmakesithappen
4 жыл бұрын
The value is definitely heavy here! When you referenced the quitclaim deed I was like yea this guy knows his stuff 💪🏽🏁
@ChandlerDavidSmith
4 жыл бұрын
Thanks so much!
@Ace-ht1is
7 ай бұрын
This video was when the rate was historically low. My question is that is it a good idea to buy a single home or condo rental property putting 20% down?
@COMEMOTIVATEME
2 жыл бұрын
Good luck finding any properties that you can get 1% rent of the mortgage in this market!! People are starting out upside down to lock in a home!!! Giving 30-60k appraisal gap!!! Show us what you are buying lately
@sherises7107
4 жыл бұрын
Thank you so much for this. So my question is if I put down 12 % instead of 25 %. for purchase of 200,000 for a duplex and the cash on cash return is 30.72 %. Is that still a good deal?
@ChandlerDavidSmith
4 жыл бұрын
Plug in a 25% down and see if it’s above a 15% cash on cash return
@reacting_to_stuff_
2 ай бұрын
Rental property for $100? What???? 😳😳😳
@henrycollins2478
4 жыл бұрын
I love rich dad poor, dad, first time I saw it on the shelf. Just started reading it
@lionheart93
4 жыл бұрын
Kevin Schmidt headway’s does that when a correction happens
@robertgajus7215
3 жыл бұрын
This guy is way better than graham Stephen. Not click bait
@stevenjp3827
4 жыл бұрын
For the insurance, are you putting in the Yearly insurance cost or Monthly? Because it says Yearly costs above it, but the numbers seem weird when you put in the Monthly cost.
@IDAHOJAKE
2 жыл бұрын
I tried the duplex but I had to do the FHA loan. Because I didn’t have 20%
@NowWeEats
2 жыл бұрын
My area doesn't really have 4plex. Is it worth it to build my own?
@biginvestment8299
2 жыл бұрын
Have u been on the bigger pockets podcasts? Would love to hear u on there
@chriscarlisle8997
4 жыл бұрын
This is gold, I'm saving up for my first investment next year. I'm taking notes
@Christian-ws3xs
4 жыл бұрын
That’s niiiice Btw I’m curious how old you are?
@chriscarlisle8997
4 жыл бұрын
@@Christian-ws3xs I'm 18
@ChandlerDavidSmith
4 жыл бұрын
Love it! Good luck!
@bigworm3886
4 жыл бұрын
Quick question: If am thinking of buying a 4-plex and I am putting less than 20% down, do they count the potential rental income from the other units in the DTI calculation in order to qualify for a mortgage?
@bebin73
3 жыл бұрын
They would only count current rental income. Not “possible” future income
@FitzDunk
2 жыл бұрын
Would love to see an analysis of a property with a higher number that more realistic like 250k up to see what the ending numbers would be
@isaachamblin8866
4 жыл бұрын
Found your channel when I sold someone pest control, knocking on the doors, and told them I want to buy my first rental property. They're like,"You gotta watch this guy cause he did the same thing". These videos are perfect!
@jetbluee4457
4 жыл бұрын
Hey I’m 22 I’m looking to invest in Real estate but stuck between taken a home loan out for my first house and later take a equity loan on it or should I take a personal loan out and buy two or three cheaper smaller homes first ! Which one should I do ?
@bebin73
3 жыл бұрын
If you’re waiting on an equity loan for your first house you’ll be waiting decades before you have real money to use. Why not buy a duplex, triplex, 4-plex and live in one unit, use FHA to buy the property (very low down payment required) and let the other tenants pay your mortgage?
@jetbluee4457
3 жыл бұрын
@@bebin73 okay if I do that , then how do I get my second house and when
@bebin73
3 жыл бұрын
@@jetbluee4457 you use the income from rent to buy another property. Put some away each month for taxes, insurance and maintenance / repairs. Take the rest and put it in another account with the intention of saving up to buy another property. Use banks money to help you. Then you need 20% down plus whatever you spend on rehab. I have no idea where you live or the price of housing, but I’ll use a deal I’m looking at as an example. Large building with 7 units - 4 residential and 3 commercial. A loan of $350,000 would be about $1,500 a month payment. It should bring in $7,000 a month in rent. Let’s say insurance and property taxes take up 1 month rent, which is high. The positive cash flow should be $59,000 + a year. More than enough for a down payment on another property in 1 year, or pay this one off in 4 then refinance and take the money to pay cash for another building. That’s what you do with what you buy. Banks will loan 75% of appraised value and its tax free. Just run the #’s you make money when you buy. Buy cheap, do work yourself to save money, make it nice, charge premium rent. Save and reinvest. And leverage the banks money.
@tellinustr8up
4 жыл бұрын
What happens when u buy a property in your name then you quit claim into an LLC then your bank then tries to call the loan because you put it into an llc
@ChandlerDavidSmith
4 жыл бұрын
Make sure you talk to your loan officer before you do it because most banks are okay with it
@bebin73
3 жыл бұрын
I’d form the llc first then buy a property
@adamkemp1153
3 жыл бұрын
If I put 3.5 down can I air-b and b the property
@chingbowthegreat7505
4 жыл бұрын
Thanks SOOOOOOO MUCH CHANDLER!!!🔥 This is simply amazing😂👑
@ChandlerDavidSmith
4 жыл бұрын
So glad you liked it!
@CarlosHenrique-tx7pi
2 жыл бұрын
Where can I find these properties with mote than a unit? duplex at last
@fidelgm11
4 жыл бұрын
Hey chandler! Thanks for the video. Quick question, how do you know how much a property can rent for?
@ChandlerDavidSmith
4 жыл бұрын
Look at your area and other units of similar size/build and what they’re renting for!
@bebin73
3 жыл бұрын
Look in your area. There are also online calculators. I always ask premium rent amounts to attract a better quality of renters.
@ryderst.pierre5062
3 жыл бұрын
Imma be back on this vid in the 30s
@Lovcavs
10 ай бұрын
Where can I get your calculator?
@UsBeingUss
2 жыл бұрын
99 units at 29. God bless you
@besnikkadriu3140
4 жыл бұрын
It’s hard to fund a property with no job , I have money saved up and can’t get a loan.
@JeffWybo
4 жыл бұрын
So find a deal and find people with money for the deal or people you can partner with that can qualify.
@ChandlerDavidSmith
4 жыл бұрын
Do what Jeff said to get a job 🤷🏻♂️
@bebin73
3 жыл бұрын
Get a job. Lol.
@ivankastin6481
4 жыл бұрын
I think the best way to invest right now at the moment it's btc but I'm not saying this is bad...
@AllenJohnson-gz4gg
4 жыл бұрын
Yea I agree with you... Ever since I stated trading with my present expertise I have all reasons to say that btc is better way to invest
@jorgelopes3722
4 жыл бұрын
I Have being seein testimonies of this David Phillips of a person... I dunno cus i really want to trade but scared of being scammed this period
@jorgelopes3722
4 жыл бұрын
Plzz can I get his contact
@karthikachari7709
4 жыл бұрын
2nd
@JeffWybo
4 жыл бұрын
👏
@ChandlerDavidSmith
4 жыл бұрын
Nice! 👊🏻👊🏻
@erikluis1786
Жыл бұрын
This guy is spectacular
@reagandekock1811
4 жыл бұрын
Great content. You deserve 1 million subs.
@kenneencail
3 жыл бұрын
Rich dad poor dad in the back kk
@brandontrotter6225
4 жыл бұрын
I came here after watching the eviction video which was interesting but definitely subscribing and here to learn
@ChandlerDavidSmith
4 жыл бұрын
Glad to hear it!
@woodiehamilton5923
4 жыл бұрын
So you have to make an offer and have it accepted before you can do an inspection?
@bebin73
3 жыл бұрын
You can inspect something before you make an offer. Take the inspector with you to view the property the first time. If you want it inspected after you make an offer, make the acceptable inspection a contingency on the purchase, in writing
@MrCornish100
2 жыл бұрын
What’s a super ghetto property?
@JeffWybo
4 жыл бұрын
Killer editing !!
@ChandlerDavidSmith
4 жыл бұрын
Thanks man!
@Mai-id4fw
3 жыл бұрын
I thought it’s good to put a property in LLC in case of lawsuits? If it’s in my name I don’t think I’ll have the money to pay for any?!
@bebin73
3 жыл бұрын
You absolutely want property in an llc
@ShainaReed30
2 жыл бұрын
Calculator was pretty accurate on a property I’ve already purchased that I plugged my actual numbers in. FREE calculator! How cool!! Thanks Chandler!
@loulupero4147
4 жыл бұрын
Chandller thanks for sharing app. One question if you can clarify, cash flow should-be no higher that 15%? Less you put down , less cash flow monthly? I already untilized FHA, low down payment , low cash return? Key don’t pay retail for property? 25% down, market drops wouldn’t property be upside down?
@Aloraxl
3 жыл бұрын
I have been running numbers on properties with 3.5% down and of course-the Cash on cash always comes up good. But you are saying this is bad? What if you were only planning on doing 3.5% down and owner occupy for 1 year? Love the channel watch every day.
@kathydemetillo300
4 жыл бұрын
This is very helpful!! Thanks Chandler. We are going to the bank tomorrow and do our first step.
@ChandlerDavidSmith
4 жыл бұрын
Awesome! Excited for you!
@NickonMaher
4 жыл бұрын
Starting my first semester of college in the fall and I can’t wait to get started on my career. great video man
@jeffreylondongolf3448
3 жыл бұрын
I have an opportunity for a 4.9% cash on cash return ... but it’s turn key ready... it’s a preconstruction property. What do you think?
@cascadinggainz6043
3 жыл бұрын
Just subscribed. from Twin Falls ID hoping to build my empire here. #research phase. have an interesting start i own my home and im a veteran so hopefully va loan aka 0 down, for a 4 plex move into a unit and rent out my house. first time off the bat i will be renting out my house and 3 units. just need more info first.
@christopherbaumgardner5004
3 жыл бұрын
If I'm looking at a Duplex/Triplex do I enter the rent from the 1or 2 units I'm renting or do I also include the "rent" I'd be paying in the 2nd or 3rd unit I'm living in? I know the ideal situation would be to "house hack" and live in the 2nd or 3rd unit while my renter pays the entire mortgage but since I'd be living there for 6 months to a year and then moving out and renting the additional unit, should I go ahead and use that additional rent in my calculation for purchase?
@RSB703
4 жыл бұрын
Issue im running into is that the area i'm in is crazy expensive. 2-4 unit properties are few and far between and are close to or over a million in cost, from the ones I've seen. 1br condos are 300k+. Is there any different advice on high priced areas? Or am I just out of luck and will have to look in a different area
@Cnydaniel
2 жыл бұрын
Hello chandler, i just subscribed right now and thank you for all the great information and breakdown. I'm planning on going into my first rental. I just have one question. How is it done and why you mention about having the seller to cover the closing cost? Is that something normal to ask or is it just by being a first rental? Thank you.
@christineyoung4349
2 жыл бұрын
What’s the app?
@landongauger4751
3 жыл бұрын
Glad I came across your channel. I am 20 years old and have roughly $80K looking to become a real estate investor. Just needing some guidance
@omargalvan5865
4 жыл бұрын
Hey chandler I’ve been wanting to start investing in real estate but just realized that I need to have a
@albanianboss591
4 жыл бұрын
Yo man love the honest content what I want from u is to build a darker , richer looking office and maybe wear a suit to gain more audience and would like ur office to be like the Graham's ones. Reply if u see and if ur going to do something.
@ChandlerDavidSmith
4 жыл бұрын
Hey man, I saw this but I kind a like my own fibe. Graham is incredible but kind of trying to make my own way
@albanianboss591
4 жыл бұрын
@@ChandlerDavidSmith Oh great , again I appreciate the content and the way you're doing , keep it up.
@bradhaughton6698
4 жыл бұрын
What if it's a new construction would it still work ?
@ChandlerDavidSmith
4 жыл бұрын
If the numbers work!!
@stayfocusedmedia
4 жыл бұрын
What about if you own a home thts your primary residence?
@ChandlerDavidSmith
4 жыл бұрын
You can always move out. If you can’t move out then you’ll have to put 25% down
@valentinlozoyau2732
2 жыл бұрын
God bless u
@johnwaltman8673
2 жыл бұрын
Hey Chandler how did you come up with the 25% down payment for your 1st rental property?
@candyman190
4 жыл бұрын
Dp you track your budget every day or week or spmething Chandler?
@ChandlerDavidSmith
4 жыл бұрын
Try to
@candyman190
4 жыл бұрын
Chandler David Smith gotcha. How do you manage the ability to manage your money? Lol
@geno816
4 жыл бұрын
If you put down 5% what should the cash on cash return be? 25% down is 15% coc.
@kaidou3722
3 жыл бұрын
Thank u this is so useful. However can u do a video about the basic principles and technical terms related to real estate? It’s because I am so new to this and I’m a b confused of the message because of some technical words
@pjones4537
3 жыл бұрын
Found you through Jack interview from Graham Stephan... you and G are really helping allay a lot of concerns I have regarding investment properties! Appreciate all the explanations and insight!
@tyjameson7404
4 жыл бұрын
Quality vlog!!! Chandler is the 💣.....I killed the 👍🏼Button🙌🏼
@uztheking1
4 жыл бұрын
Dude love the effort and transparency of your video! I’m brand new to this invest in but I just bought my second investment property. The only thing is I cannot find any properties that are within the 1% rule in California Riverside county. Is California typically? harder am I looking in the wrong places?
@Mustangb0y
3 жыл бұрын
What is the best bank to buy rental property with 3% down payment?
@zocite1236
2 жыл бұрын
Hi Chandler, do you have a video detailing on how to give an offer dependent to inspection?
@xxRorolicious
3 жыл бұрын
What do you mean by super ghetto property?
@bebin73
3 жыл бұрын
Very poor condition
@WishingForRain
3 жыл бұрын
Where would you put the HOA fee into your calculator?
@blessonbijualexander.3892
3 жыл бұрын
I focus more on the monthly cash flow , if that’s my focus , what do you recommend a higher or lower down payment ?
@cristianbuitron9666
2 жыл бұрын
Hi Chandler! Love your channel! Thank you so much. This is my situation: I own my house outright in NY. I have about $750K in 3 banks in investments and I'm ready to start buying rental properties. My credit score is about 750. What type of property should I focus on buying first? Thanks again!
@larrypalacios509
4 жыл бұрын
I would really love to buy my first home can you help me out pez
@ChandlerDavidSmith
4 жыл бұрын
Yes! Check out the course! That’s why I made it!
@Betotrix
4 жыл бұрын
Hi David first watching your video my Question is how to invest in a property in other state
@georgezambrano5166
3 жыл бұрын
Is it still worth buying your first property rn given how high prices are even if the rates are low?
@sprunkadct
4 жыл бұрын
SF Bay Area properties are overpriced
@ChandlerDavidSmith
4 жыл бұрын
Very true haha
@boazstrong
3 жыл бұрын
Thank you for the amazing content! 1) what strategy do you primarily use to find deals? Or do you just lowball a bunch of MLS properites? 2) did you ever BRRRR any of your 99 units? Or did you stick with the exact same strategy for all 99 units (20-25% down, conventional loan, save up, repeat)?
@ItsJ40
3 жыл бұрын
I am my realtor so this will be the future plans for sure
@naajlft
2 жыл бұрын
The tremendous effort in presenting this process super quickly is appreciated, thanks Chan!
@LivingOffRentals
3 жыл бұрын
Hey Chandler, great video with awesome advice! I started making videos recently about short term rentals and could for sure use this information!
@livvyrose11
4 жыл бұрын
Thoughts on using a FHA loan to buy your first rental property?
@TheDJW21
4 жыл бұрын
Mortgage Insurance or PMI says on for the life of the FHA loan unless you refinance out of that loan, so if you are going to buy and hold for more than 10 years or then you should do a conventional loan. This is because conventional loans only keep PMI until you have 20-25% paid into property, which without excess payments that will happen at the 10 year mark.
@ChandlerDavidSmith
4 жыл бұрын
Send it! Love it if the numbers work!
@ChandlerDavidSmith
4 жыл бұрын
You will have to pay more then just your loan because of the PMI or mortgage insurance but if the numbers work it’s so worth it to get into real estate now than waiting until you can afford a larger down
@blessonbijualexander.3892
3 жыл бұрын
Amazing video bud , liked it . Keep creating more amazing content . I see you told , to buy properties which are ready to go rather than focusing on properties , which needs renovation . I’m a lil confused about the brr strategy , is it a good method to follow for my first rental property ?
@WhatTheBrickTV
4 жыл бұрын
We have a lot of “ghetto” properties here that cash flow like crazy. Just have to cherry pick for well maintained/good tenants.
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