Buying A Duplex | What NOT To Do

[@carrowxhex6891]

I list my rentals as “Senior Living”. I rent to people 65 & older on fixed incomes only. Economic downturns don’t apply to them and they care more about a good air conditioner unit than they do about modernization.

[@jalabi99]

Senior Living, group homes, and Section 8 are solid.

[@mostmost1]

@@jalabi99 especially now

[@JudePhilips]

Oh shit this is smart as fuck

[@sosimple7594]

Wise

[@carrowxhex6891]

@M W Texas. Don’t know, don’t care. I have never had anyone 65 & younger apply. Nobody complains about it.

[@scoo-bdoo8669]

I like it when you said, "take care of your tenants" because you are doing the right thing to keep everyone happy. You are one great businessman.

[@ChandlerDavidSmith]

Thanks!

[@sexygabby30]

That caught my eye... as more need to have that mindframe

[@MrBriansAmazingWorld]

Duplex's are the best...Can't wait to get more.

[@ChandlerDavidSmith]

Mr. Brian's Amazing World They really are! How many do you have so far!?

[@DavidMiller-du9dy]

REITs are also a great avenue for building passive income and can help diversify your investment portfolio by holding a different asset class.

[@kelvinjohnson3906]

It truly can bode well for investors seeking higher yield.

[@nicktony2293]

The stock market is quite risky, some stocks can be quite volatile.

[@jamesowen9384]

@@nicktony2293 That’s exactly why you need to be prepared to ride out market volatility. It may even be an opportunity for you to profit. All investment is risky.

[@ethansmith2499]

Ultimately, the best investment is the one that you’re comfortable with, that suits your objectives, and overall portfolio. The stock market has potential for long and short term growth.

[@anneparker4436]

I’ve bought lots of stocks that seems like there’re gonna generate good profits but they always end up performing poorly.

[@TV-wy1py]

Play at 1.25 speed and that'll be normal bc normal is sloooooooow like stoner slooooooow🤦🏽‍♀️

[@HopeConnectOrg]

T V I’m from NY and 1.5 sounds normal 😂

[@lsplune6245]

Lmaooo facts just about to comment that 😭😭😭

[@HopeConnectOrg]

Lsplune 📠 🐝

[@w00borg34]

hes trying to get the full 10 minutes for the monetization

[@Wxlfsbvne]

Came in clutch , he was talking so slow , I was about to leave this video

[@alexjedlicka8567]

Great advice will definitely use this strategy in my early days of real estate investment. At 17 it’s a little hard to buy a property so for now I am studying.

[@anhrestuarant]

If you change a billion lives, that's the formula to becoming a billionaire. Loaning, adding, giving, sharing, providing value creates wealth - of mind, heart, soul and yes, finances but it starts with the value you give. Love it

[@topcomment3816]

Good video! With today’s interest rates, my duplexes cash flow so well. My favorite one was a craigslist lead similar to yours. I showed up fast and sold myself. $110k purchase price. $1600 market rent. Good location.

[@ChandlerDavidSmith]

Top Comment love it! That’s awesome! They are the best!

[@KidCity1985]

Nice, where are you?

[@topcomment3816]

Julie Anderson North Florida

[@KidCity1985]

@@topcomment3816 thanks.

[@allenlamb8240]

@@topcomment3816 I'm in North Florida as well. I'm in Jacksonville. Looking to purchase my first home via a FHA loan and hoping to buy a duplex or even triplex. Are you able give me any insight?

[@davestargazer]

Cleaner the unit the better the tenant usually works. Fixing up those front steps with some Cement All or equiv. will help

[@callmekells802]

Chandler, you have been absolutely nessecary on my real estate investing journey. Thank you for being a natural mentor. We need you!!!

[@aquarianage3953]

You might be THE online real estate mentor I've been unconsciously looking for. Your counsel is plain, straight, candid, and best of all, comes from real-world experience.I gave you a thumbs-up, and I'm subscribing.👍

[@ChandlerDavidSmith]

Aquarian Age thank you so much! That really means a lot!

[@babyhuwe05]

Have you ever thought of using Section 8 tenants for units that are not in the best areas you are guaranteed payment plus the tenants have to keep your unit or units up to a certain standard or they will lose their Section 8 voucher so even though it's not the best area they have to keep your unit decent

[@BuuBot]

Pro tip: Watch the video at 1.5x speed

[@thaddeus1519]

I'd imagine places like Idaho, Ohio, etc have duplexes every where. How do you find a quality duplex / hackable house deal in super high market areas like SD Cali or SF Cali?

[@KamalasNotLikeUs]

Ikr

[@palomagarcia6489]

I want to hear about what you mean about “Sprucing” the property after tenants

[@kiorq]

Quick question. At this point, you have some properties and looking into another one. You still have bank loads right? 1. Is it normal to have multiple active loans for all your properties? Whats your perspective having multiple loans? One of my biggest fears is just having multiple loans, but I’m slowly starting to learn the concept of good loans 2. If you make a purchase and realize later that it’s a bad investment, given that you still owe a loan for said property, how do you go about getting rid of it?

[@HappyTimes024]

Little late for a reply, 1) completely normal to have multiple active mortgages open. If your have your credentials aligned the bank will have no issue loaning you anything as long you can prove you can pay it back. 2) if you decide you made a bad decision On the property and no longer can hold tenants or afford to own it, you must sell the house yourself through dealing with closing costs Etc to get rid of it or you’d have to give it back to the bank

[@johnf.hebert1409]

Great video, but you talk like a counselor at a jesus camp trying to get me to think the Lord is rad.

[@ChandlerDavidSmith]

John F. Hebert the lord is rad 😘

[@davidparker4577]

The Lord is awsome!!!

[@ChandlerDavidSmith]

Kristen Levine thanks! Will do!

[@ChandlerDavidSmith]

David Parker 🙏🏼

[@MrCubansurfer]

🤣🤣🤣🤣 Oh Lord Jesus!! 🤣🤣🤣

[@lvteachme973]

That has been what I have said about rental property: If you make it appealing as appear as if you "care about it", you will attract and only sign quality tenants.

[@ChandlerDavidSmith]

LV Teach Me love it!

[@robertdavis3433]

Nice rentals will attract all types. U have to do ur due diligence. Cant trust ur rental or renters.

[@ponzianomanning3071]

Great video! Id rather listen to slower explanations than the hyper fast talkers common today where I miss half of what's said: Your style enables me to absorb more info. Don't change a thing. Thanks Chandler!

[@shakysliders1689]

Hi Chandler, thanks for telling us about your mistakes so that we can learn from them too! I've got two questions. Do you or your management company approve the tenants? My management company won't approve anyone unless I've looked over the application and given them my approval. And second, in the case of that eviction, is it worth your time to sue the tenant after they've been evicted for lost rents, legal fees, and damage repair costs? I realize you would be unlikely to recover any money, but maybe the outstanding debt/judgment on their record would alert the next landlord they try to scam. Thx

[@bradyousley897]

I like how it doesn’t feel like your trying to sell me something while I watch your videos.

[@tonys7675]

You’re

[@Kylescuro]

It was YOU. Not your management company. Manage your management company. You set the tone. Learned that from Jocko Willink and his application of extreme ownership. On a side note, this was super informative! Thank you for the looking glass into the experience you’ve had. I feel more prepared now going into a similar situation.

[@andydrew3320]

100%

[@brandonlee934]

What do you look for in a property management company?

[@slow-moe3518]

This is another proof that location is everything. Buying in crappy neighborhoods is always a risk.

[@ChandlerDavidSmith]

Some truth to this. This neighborhood can be great if you screen tenants properly and take care of your property

[@boxerboy860]

Only if you rent to people that are scared to live in “diverse” areas

[@thedailydividend3122]

@@boxerboy860 well it’s not really diverse areas it’s just high crime areas

[@jmemixx]

Maybe maybe not. If the person renting is from the area or knows the area sometimes they can be a good tenant because they know the neighborhood and know how to keep safe and know the ins and out

[@oshitomaha]

After how many properties do you think a Property Management company is needed? How much is it monthly?

[@maximizedmoney]

Super helpful! I’m under contract for an owner occupied duplex now and a little nervous about tenants. I’ll make sure to save save save so I’m not stressing over the wrong tenant.

[@WOok2a]

I’m so jealous… I own rentals but they are all cash flow negative since I went in for the appreciation. Since I’ve found this channel, I can hopefully do better on my next one.

[@Muuchomas]

Why homie talking like his mom gonna ground him if he too loud

[@ChandlerDavidSmith]

Hahaha what?

[@KJ-gr6ho]

@@ChandlerDavidSmith your talking loud enough he might be loosing his hearing

[@dylanmallett2547]

Chandler David Smith very well spoken. Keep it up 🙏

[@rylanadams7016]

What would you do if duplexes in your area ( Florida ) are anywhere from 300,000 - 500,000 dollars? Is that even worth getting into at that point? For instance, if you could finance a 350,000 dollar duplex or even 400,000 as a first time home buyer... is that even worth doing?

[@michaeljefferson3041]

I bet that the thumbs down are the people who bounce from apartment to apartment every other month.

[@Candyman11454]

Whats the background music for this video? It's fire

[@stanleybrown1151]

I know people always say that there is a great deal everywhere but I can assure you, there is no duplex for under 90k around where I live. Cheapest I can find is 140k.

[@ChandlerDavidSmith]

50 K different shouldn’t keep you from getting into property if you can find the right deal! I understand some markets are more expensive than others but you can always find a way to get into a good deal! Good luck!!

[@kennythomas6770]

Were r duplex for 140,000 at

[@stanleybrown1151]

@@kennythomas6770 Tennessee but very few at that price

[@stanleybrown1151]

@@ChandlerDavidSmith true but when you put the numbers down and the ROI isnt where you need it to be, you have to back off. I'm not good at a lot of things in life but I do know this... numbers never lie.

[@lilianaarevalo7843]

I rent to active duty military members only .. and I can call a tenants commanding officer or x.o should I have any issues or need to address anything that requires such support

[@mrhockeysniper20]

I love the details in your videos, subscribed

[@kingme412]

I am currently looking at a Duplex and nearing closing. It is 120,000$ each tenant pays 650$ a month to the current owner of the duplex

[@ibillyduncan3512]

You were on point with all all the information which you provided. This has to be the BEST video/ advise seen or heard. I HOPE EVEYONE LISTENED CAREFULLY. ABSOLUTELY GREAT !! I must admit I'm not a huge fan of background checks. I've had tenants with the best of backgrounds and worst as a tenant. Advice, I view a potential tenant as a homeowner. How well this tenant would take care of my property ? Will they have the ability pay their rent on time? Assessment, and common sense. 95% of my tenants are 7yrs or more.

[@ChandlerDavidSmith]

Ibilly Duncan thanks you! That really means a lot!

[@Kelalasdemonx]

where is the advice lol

[@ibillyduncan3512]

@@Kelalasdemonx Im sorry ... Seek and yee shall find.

[@ChandlerDavidSmith]

Ibilly Duncan haha thanks!

[@ChandlerDavidSmith]

Kirarasdemonx what do you mean?

[@2_572]

How do you even go about buying one and getting contracts??

[@Sc19869]

How do you make profit when paying the duplex off

[@gregwood7120]

chandler,just found you...very good channel.i have been watching meet kevin for awhile but cant relate to getting started.can you walk a beginner thru the first steps of how to find financing,what the basics are to start.who helped you finance as you went along.thx

[@ChandlerDavidSmith]

Great idea - I’ll get on it 👍

[@MAGACOPP]

Is it better to buy property or Bitcoin?

[@mydailyburger3924]

Really encouraging! Subscribed! Thank you so much, Sir, for sharing your experiences with us!

[@taylorsessions4143]

Haha! This was totally matching my experience and then you mention you are in IF, small world, that's where I'm at as well. Thanks for sharing

[@froggygamer1716]

I go to idaho falls all the time. Can be a crazy place

[@pianokeyjoe]

I keep running into videos on THAT duplex with those bad tenants lol! Me thinks this is a clue though I will NEVER be a land lord.. but still a valuable learning lesson for those that may be contemplating being a land lord ;-)

[@ChandlerDavidSmith]

Get a management company and all is well ha ha thanks for watching

[@magicportugal5833]

@@ChandlerDavidSmith how do you get one?

[@Amada__]

As a first time investor, would it matter if the first investment I purchase is a fourplex? I plan on going the FHA route. I was also wondering how your credit should look if I were to go through the FHA route?

[@lvteachme973]

I don't believe it is a right or wrong property type to begin investing; however, it is better to grow than to start large. Also, you know your personality, lifestyle and goals better than anyone else. Use these indicators to determine how to begin investing in real estate. As for credit score required for FHA, I believe it's 620. It is best to order your credit report from the three credit reporting agencies before applying for a loan. Go to www.annualfreecreditreport.com. By law, you are entitled to a free credit report from each agency once a year; and if you are denied credit, you can request a free copy from the agency used by the company that denied you credit. My first rental was a two family. I purchased it on a great land contract deal from seller who were longtime friends of my parents. Although the deal was sweet, my experience as a rental property owner was disastrous. I sure learned a lot from the experience though: what to do and what not to do. It took me ten years to get back to real estate investing. At that time, I purchase a single family from a business associate on a land contract with great terms. Now, I am looking to purchase more real estate at a larger scale.

[@amiller35]

it's really up to you and what you feel most comfortable doing. i'm in the same boat as you. plan on getting my first property next year after my apartment lease runs out and go the house-hacking route. currently weighing the pros and cons of going the duplex, triplex, or fourplex route.

[@amiller35]

@Fart Zilla i've read about this strategy. i'm torn between doing this or just saying i'm the owner.

[@hilariomuniz4791]

What did you end up doing Amada?

[@SydneyScream]

Exactly, never get complacent!

[@jononfirebudgetinginvestin3897]

Yeah this is my big fear....I saw a small property that I saw potential in, but my partner quickly told me that it was in a sketchy part of town and we were concerned about the quality of tenants we would get

[@theChaseGroup]

Hey could you do a video on the entire eviction process in Idaho?

[@ChandlerDavidSmith]

Paul JAY C yes! Will do!

[@kevinready3948]

Watch at 1.75 speed just to get through this lol

[@ChandlerDavidSmith]

Haha sorry. Slow talker 😜

[@kevinready3948]

@@ChandlerDavidSmith no worries! Solid content. In the process of buying a rental property with my brother so this type of content is priceless.

[@troxycotton5819]

About to come home from my first deployment with about 50k cash, been looking for months for a duplex to live in/rent out the 2nd side. Any tips for a 22 year old first time home buyer?

[@svgb6946]

I really wanna know too I’m trying too create passive income!

[@ianscianablo8507]

Hey Chandler! What other improvements could you have made, in between screening new tenants? Thanks!

[@MCrelationz]

what exactly is a management company how does that work? what all do they do for you and is something like that pricey?

[@amiller35]

hey chandler great video! you said you were renting this duplex for around 1200-1300, was that per unit or 1200-1300 split between the two units?

[@ChandlerDavidSmith]

Alex Miller for both units combined

[@Winston0Boogie]

I just found your channel. Thanks for all your information, man.

[@ChandlerDavidSmith]

Thanks for watching!

[@lisaruiz7211]

I'm closing on a duplex soon but there's tenants and the idiot only collected 1st month and deposit and I have no further info on these people.How can I get them out ?

[@jodavinci1208]

How much is the mortgage a month??? With everything included ?

[@awalkerhb11]

89k for a duplex 👀 what the hell. What year was this 😂

[@masonsanimals2161]

How can I find a management company

[@michaelking42]

Great video, thank you. I have 5 SFRs, getting ready to close on my first 4 plex. I think multifamily is the direction of my future.

[@ChandlerDavidSmith]

Michael King thank you! Congrats!

[@KidCity1985]

Look for a 12 unit.

[@michaelking42]

@@KidCity1985 Is 12 the magic number? Why 12? Why not bigger?

[@robertdavis3433]

Im in Sacramento, i own a duplex in a bad neighborhood. You really have to dig deep into the tennis background before handing them the keys to the castle but you always will make money on the deal

[@officialspaceefrain]

What racket would you suggest I use?

[@bobbybands1928]

I’m looking to get into this, but for 1/2 a duplex it’s over $300,000 and I live in northwest Indiana.. if they were going for 90k it would be much more manageable. Especially considering rent wouldn’t be more than $1,500

[@pinkbearwho]

How much did you save up before you bought your first duplex?

[@rondapierce6215]

Chandler please could you tell us how to find a good property management company and pros and cons of having one

[@alphawavesready6639]

Hey Chandler, as an absolute beginner which video should I watch first

[@nathanstow5580]

Where could I find a good management company? Thank you

[@Ricebow11]

I have a Dumb question but what exactly does it mean when you say you have a "management company " ?

[@vicwillis4295]

Thank you for sharing. In shoddy parts of town some people with low income are great and want to take care of their home but often the opposite happens. Imagine renting to college students who party every weekend

[@kennethporst1738]

Don't get lesnient....stay firm on Tenant allowing 👍

[@yasminbanhan8884]

Great job love your videos

[@ChandlerDavidSmith]

Yasmin Banhan thank you!!!!

[@tinainnca]

@chandlerdavidsmith Love the background music mind sharing what it is?

[@peterpetwr2046]

Do you invest remotely or just locally??

[@ChandlerDavidSmith]

So far just locally

[@thestormlakefights]

Do you rent to section 8 is that how you bump up rents when you buy new property

[@ChandlerDavidSmith]

greg harry no not usually. Are usually find a property that is way under rented and once the tenants lease is up then I’ll re-rent it for higher

[@flylice2x]

For section * you have to apply for the higher rent usually 6 months prior to their anniversary date of contract. Usually what area is doing if rents are higher in area.

[@boxerboy860]

Chandler David Smith how about when they rent month to month do you just have a contingency in there to force the new lease on existing tenants I’m in a situation where I can buy 3 families with tenants on monthly does this happen when you negotiate or can you whatever you want once you close?

[@mattsaba9609]

How do you find a good property management company?

[@ChandlerDavidSmith]

I’ll do a video on this soon!

[@dylanmallett2547]

Great video, and great advice. Subbed.

[@bmarlatt]

this is way better to watch at 1.25 speed. My only complaint is that you talk too slow. Thank-you KZbin. also good information.

[@brianbordenkircher52]

Thank you for your example!

[@404TRUCKERTV]

You did ok. you got him back at closing lol. I usually dont haggle about a few bucks on a buyhold deal. you get that back once its rented. its principle though.

[@vakistagoodman7984]

Just bought my first duplex! Excited & terrified!!

[@dnafpv]

How’s it going so far?

[@vakistagoodman4917]

@@dnafpv Best decision I ever made...booked solid my first day listing

[@bucknut6631]

I am about to buy my first duplex. Wish me luck

[@ipeteagles]

informative. thank you Sir

[@9818003890]

Very nice video. On a attached side by side single level duplex subdivision, would you prefer to do strata title subdivision or torrens title on these 2 dwellings. What is pros and cons of each option from maintenance and after sale perspective. Some builders prefer to do Strata title ownership...is it because of CDC process instead of DA. From a investor perspective who plans to build these opportunity what is critical here?

[@alexfv5791]

Awesome content, thanks!

[@hunterpogo]

Duplex I’m looking at has been on market for about a month and priced reduced from 120 to 100, I think I could put 10-20 of work into it. Would it be okay to make an offer of 80-90?

[@ChandlerDavidSmith]

AllPogo make it happen!!

[@thenoicemango1827]

AllPogo Doesn’t hurt to make an offer.

[@khall187]

You're missing key parts of the deal. Taxes? Average rent? Does it cash flow?

[@gilbertjean-louis4826]

Thanks a lot 🙏

[@301larussomusic]

Appreciate the honesty

[@JoseSanchez-df8hb]

Do you have any videos on management companies??

[@ChandlerDavidSmith]

Jose Sanchez yes!

[@antwanjones388]

Great video 💯

[@holdupfareal8353]

New sub from Meet Kevin and the lesson you learned from the wrongest tenants ever. Excited to be here. 😇

[@sergeysovenok3126]

This content is priceless.

[@psbeats5393]

what management company do you use?

[@user-nx3gj6hh1b]

Can you rent out a duplex and live in it too?

[@camoniemon]

Where do u get the money to start buying these homes?

[@ChandlerDavidSmith]

camoniemon Believe it or not, I got the money from knocking doors selling pest control. There’s a link in the description if it’s something you want to look into. Go to www.elitesummersales.com

[@monkeybearmax]

Chandler David Smith just curious if you can sell year round or more than summer months?

[@ChandlerDavidSmith]

monkeybearmax yes!

[@Realtalknewyorkwithjanique]

Good speaker I watched straight through

[@clarkt9925]

How many dollars per hour were you making with your property? How many hours per week would you think or work on a property?

[@OBRfarm]

Good video. Getting started and renters seem to be the biggest issue.

[@kylepetruzziello3321]

Is it true that duplexes don’t appreciate as much as single family ?

[@JakeAlbergotti]

Excellent video

[@KirilPetrov65]

So I'm planning to get my first duplex very soon. Just finished paying off one of my cars and want to start getting into buying property. I don't have a real estate license. Any tips for beginners?

[@OCEEBOI]

86K for a property? What state?

[@josecantinflas6286]

thanks for sharing with us your wins, few questions... so on this deal you will have monthly payments lets call them .. A. loan (500) B. lawn care or misc expenses (50) C.property management (50 monthly) D . utility example water /sewer (200 monthly) E. monthly repair budget (200) here im just trying to put some numbers because im trying to see if it would work for me if i come across a deal like this and to be able to recognize it. if am in the ballpark that would be around $200 monthly does tjat look about right?

[@ChandlerDavidSmith]

jose cantinflas this is a great question! Believe it or not I actually showed how I ran the numbers on this property. I’ll share the link below. Hopefully this helps

[@ChandlerDavidSmith]

jose cantinflas kzbin.info/www/bejne/p6i2aZaDa56AgMU

[@luckyandblessed]

I like your video. 💖