How to Analyze a Duplex Rental Property (Real Life Example)

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Coach Carson

Coach Carson

Күн бұрын

⭐ Join Rental Property Mastery, my coaching & learning community:
www.coachcarson.com/RPM-YT
🎙️ This video will show you how to analyze a duplex rental property using a real-life example. Whether you are a beginner or advanced investor, Coach Carson walks you step-by-step through the process and tools he uses to run the numbers on a real estate investment.
▶️ Next Video: How to Calculate Internal Rate of Return (IRR) for Real Estate Investing: • How to Calculate Inter...
🎬 Topics Covered:
0:00 - Intro
1:22 - Location romance
4:03 - Surface level location
6:53 - Surface level numbers
8:35 - What is our goal?
10:20 - 1% rule
13:38 - Unleveraged yield
17:53 - Look at property in person
18:28 - Spreadsheet for final result
20:29 - Determine market rent
23:19 - Spreadsheet numbers
28:17 - Good deal or not?
29:08 - Internal rate of return
34:07 - Only you can decide
🔗 Video Links:
Coach’s Real Estate Toolkit w/ Deal Worksheet:
www.coachcarson.com/toolkit-yt/
Coach’s Simple Rental Property Spreadsheet:
www.coachcarson.com/rental-pr...
Rentometer: coachcarson.com/rentometer
Zillow Rent Estimator: www.coachcarson.com/go/zillow...
BP Rent Estimator: www.coachcarson.com/BP-rent-e...
Internal Rate of Return: www.coachcarson.com/irr
Cap Rate Explained: • Cap Rate Explained (Pl...
________________________________________
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www.coachcarson.com/toolkit-yt/
🖥️ My Real Estate Courses:
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30 Days to a Better Rental Investor:
www.coachcarson.com/30days-YT
Creative Financing for Real Estate Investors:
www.coachcarson.com/creativef...
📘 (My Book) The Small & Mighty Real Estate Investor:
www.coachcarson.com/smallandm...
📙 (My Book) Retire Early with Real Estate:
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💰 DealMachine - Software to help you buy more real estate deals:
www.coachcarson.com/dealmachi...
✅ Subscribe for more videos about real estate investing:
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🌐 For everything else: www.CoachCarson.com
________________________________________
Footage and photos credits:
Pexels.com | Pixabay.com | Zillow.com | Rentometer.com

Пікірлер: 194
@CoachChadCarson
@CoachChadCarson Жыл бұрын
Here are my toolkit and spreadsheet: Coach’s Real Estate Toolkit w/ Deal Worksheet: www.coachcarson.com/toolkit-yt/ Coach’s Simple Rental Property Spreadsheet: www.coachcarson.com/rental-property-calculator-spreadsheet/
@bionicspuds4616
@bionicspuds4616 3 ай бұрын
You really hid that rental spread sheet on your website pretty good. Gotta get them click throughs 😂
@carlos31071996
@carlos31071996 Ай бұрын
spreadsheet not working
@CoachChadCarson
@CoachChadCarson Ай бұрын
Thanks for heads up. Did you try to download it or make a copy? You can't edit it until you do that
@jberry91
@jberry91 11 күн бұрын
@@CoachChadCarson Hey, what happened to Carlos is probably what is happening to me. It takes me to a page that wants me to subscribe to the newsletter. That works fine. Then once I click download and it goes to the next page, it says you want to have some questions answered etc. but it doesn't have a button to click to accept and go to those next questions nor do any questions pop up. It doesn't download the spreadsheet before this step either. Thank you for a quick response! I want am a brand new investor learning/shopping and this would be immensely helpful. Awesome information in the video!
@jberry91
@jberry91 11 күн бұрын
Also, I tried both Chrome and Microsoft Edge. I don't have Mozilla on this machine but I assume if 2 don't work then the others wouldn't either.
@AaronHope_Sow
@AaronHope_Sow 26 күн бұрын
Just found this video off a search. What a gem.
@uwhizzar
@uwhizzar 26 күн бұрын
Same bro
@shawnturner1094
@shawnturner1094 Жыл бұрын
Jesus. This video was exactly what I was looking for - your step-by-step thought process and analysis when you go about considering a rental property. Finally, a video that combines all (or many) of the tools I’ve read about and viewed via your Toolkit, videos, and other books that I’ve read, all in one place! THANK YOU, CHAD! You are truly the O.G. I always come back to your videos and processes because you’re so humble in your approach, so methodical, so pertinent. No fluff. No embellishments. Arrogant free. Clear headed and step-by-step as always. You’re one of the best teachers I’ve ever come across - Universities would kill to have you as a professor! I never fail to learn the most from you. Now…do you have, or would you consider doing a walk-through video of walking a property that needs work and pointing out necessary repairs along with how much repairs and cosmetic upgrades cost? Determining costs of repairs and aesthetics is yet another important thing I’m trying to wrap my head around. Thank you, Coach!!
@CoachChadCarson
@CoachChadCarson Жыл бұрын
Thank you Shawn. That's very nice of you to say all of that and it makes me feel good about putting in the time and money to make these videos. About walk through- have you watched my 100-year-old triplex playlist? 100 Year Old TRIPLEX REMODEL Vlog: kzbin.info/aero/PL5F-I4oW-y2EoCbkwMZrlJbStHVbxdsp3 It does some of what you are asking. But I will also keep that in mind for future video. I also recommend Book on Estimating Rehab Costs by my friend J Scott.
@shawnturner1094
@shawnturner1094 Жыл бұрын
@@CoachChadCarson Can't believe out of all of your videos I've seen I haven't come across that one yet. I will definitely check it out. Thank you for mentioning it! I have seen and considered checking out the book, however. Trying to wrap my head around all the other processes first though, but yes, I will totally check out the book. A video walk-through however, I think at least, will really help give us a better visceral feel of what to think about as you view a property, ie, what are your first thoughts as you walk around and inside, what stands out as needing fixing/replacing, what do you prioritize, what doesn't need to be bothered with, are you thinking of re-configuring the layout - adding bedrooms, bathrooms, the like, and if so, how much do you think things will cost, just how far do you go to make a property "stand out" and how much is considered spending too much. Seeing what you're seeing and thinking about in videos is priceless. Your modest and honest approach to this business is invaluable. Can't thank you enough for all your content, guidance, and down-to-earth, calm demeanor. You have the ability to make something that seems so overwhelming, actually seem possible. Just wish I had started this sooner in life!
@freedomworks3976
@freedomworks3976 3 ай бұрын
Jesus approves
@user-hb6un3up2n
@user-hb6un3up2n 9 ай бұрын
You're amazingly helpful. I wish you all the best Chad Carson
@TaherAfridi
@TaherAfridi Жыл бұрын
So much value in half an hour! Thank you so much!
@CoachChadCarson
@CoachChadCarson Жыл бұрын
Thanks for the feedback and for watching, Taher!
@austinkerr6197
@austinkerr6197 Жыл бұрын
Great job giving me the fundamentals on home buying and what's worth my time🎉
@JA-xq6eq
@JA-xq6eq 11 ай бұрын
Thank you for the very informative video Coach Carson 🙏🏽! I am buying my first multi-unit property in the USA. I’m from Canada. I want to start with a smaller 2-4 unit to learn the ropes. I am narrowing down which states and cities. A lot to analyze. This channel is very helpful.
@striker9401
@striker9401 Жыл бұрын
Appreciate this thorough walkthrough with free spreadsheets! Totally value adding for someone like me who’s overwhelmed about getting started! Thanks Coach!
@CoachChadCarson
@CoachChadCarson Жыл бұрын
Glad you enjoyed it! Best of luck with your next steps.
@mosesaltair3893
@mosesaltair3893 4 ай бұрын
This Spread Sheet is the best tool I've seen. Simple, easy to use.
@CoachChadCarson
@CoachChadCarson Ай бұрын
Glad to hear it! Thank you
@relaxandlivelife7093
@relaxandlivelife7093 3 ай бұрын
The most practical with real life examples
@steveclarke4249
@steveclarke4249 Жыл бұрын
Thank you Coach! Love the spreadsheets!
@CoachChadCarson
@CoachChadCarson Жыл бұрын
Happy to hear it! Thanks for watching.
@yaw199
@yaw199 11 ай бұрын
Great video, thanks for the spreadsheet. You are the best 👏🏿👏🏿
@CoachChadCarson
@CoachChadCarson 11 ай бұрын
Glad you liked it! Thanks for watching.
@pherrarired5342
@pherrarired5342 Жыл бұрын
Thank you Coach Carson
@TheJonMullins
@TheJonMullins Жыл бұрын
Thanks so much for all your help and info! Great channel.
@CoachChadCarson
@CoachChadCarson Жыл бұрын
Thanks for watching Jonathan.
@Rivveneyes
@Rivveneyes Жыл бұрын
thank you thank you . I've recently been teaching my self this information and this info was a great help!
@CoachChadCarson
@CoachChadCarson Жыл бұрын
Glad it was helpful! Good luck with your next steps.
@angpapakosabukid
@angpapakosabukid Жыл бұрын
Am new here sir I really thankful I found your channel very helpful to me❤️
@natusfreedom472
@natusfreedom472 Жыл бұрын
Wow , learned a lot from this video . Thxs coach
@tedjohnston8972
@tedjohnston8972 Жыл бұрын
This is the best explanation of IRR that I have seen. You are a great teacher!
@CoachChadCarson
@CoachChadCarson Жыл бұрын
Thank you so much Ted!
@afaafa9161
@afaafa9161 Жыл бұрын
@@CoachChadCarson Hey Coach, I'm looking for your math for YOUR IRR calculations.... seems there is more than one version online. Can you share please... or link? Thank you
@felixfuentes2537
@felixfuentes2537 11 ай бұрын
Thank you Coach excellent info
@SheriLolita
@SheriLolita 3 ай бұрын
Hi Coach Carson! Thank you so much for the tools. I have downloaded some and can’t wait to use them. Hopefully this year 2024! 🎉😃
@CoachChadCarson
@CoachChadCarson 3 ай бұрын
Glad you like them! Best of luck to you in 2024! 🙌
@spicyduck3710
@spicyduck3710 8 ай бұрын
Coach Carson, that was a booming video!! Very in-depth n informative!! Thank you!! If I ran a scenario across your desk, how much would you charge me? I’m a simple neophyte at this n need wisdom n guidance please.
@jessecadena58
@jessecadena58 Жыл бұрын
Thanks for this video
@darrellmendiola3495
@darrellmendiola3495 8 күн бұрын
I really enjoy the way you break down the numbers. I'm really close to starting a rental business ❤
@CoachChadCarson
@CoachChadCarson 6 күн бұрын
That's great! Please keep me posted.
@foreverfree2624
@foreverfree2624 2 ай бұрын
Excellent presentation
@brunoferrum1060
@brunoferrum1060 Жыл бұрын
Very well explained coach Carson you're the best. Thanks for taking your time to put this up here. I must say real estate is a great place to invest my money right now. It can double every penny no doubt
@CoachChadCarson
@CoachChadCarson Жыл бұрын
Glad it was helpful, Bruno! Thank you for the feedback and for watching. Good luck with your next real estate investments.
@georgenoah4872
@georgenoah4872 Жыл бұрын
@@portertrace5875 you're right sir but you need huge capital to start investing in real estate or you would be a landlord to make money
@brunoferrum1060
@brunoferrum1060 Жыл бұрын
@@georgenoah4872 You don't really need huge capital to start investing in real estate. I got started with with a little less than 20k. Right now I have a units in real property and make about $5k - 7k as passive income monthly
@williamsebastian5574
@williamsebastian5574 Жыл бұрын
@@brunoferrum1060 Congratulations How did you achieve that?
@brunoferrum1060
@brunoferrum1060 Жыл бұрын
@@williamsebastian5574 I work with a broker
@10tenman10
@10tenman10 Жыл бұрын
Great analysis. I enjoyed your presentation.
@CoachChadCarson
@CoachChadCarson Жыл бұрын
Thanks for watching!
@gfoster173
@gfoster173 Жыл бұрын
Thanks Coach. Downloaded the spreadsheet and still looking for another property here in central Ohio.
@CoachChadCarson
@CoachChadCarson Жыл бұрын
Good luck with your search!
@noellewells5376
@noellewells5376 Ай бұрын
Fabuloso, I've learned so much! Thanks!!! The only thing I don't understand is where the revenue got subtracted for paying down the loan.
@dexterashford5265
@dexterashford5265 Жыл бұрын
I'm down here in Columbia. My wife graduated from Clemson. I went to SC State in Orangeburg. Good to see a fellow South Carolina person doing big things.
@CoachChadCarson
@CoachChadCarson Жыл бұрын
Hey SC neighbor! Thanks for the comment and the support, Dexter.
@dexterashford5265
@dexterashford5265 Жыл бұрын
@@CoachChadCarson do you buy wholesale flips in this area? If so let me know what you look for. I think I may have a few. I'm looking to get started in the business.
@keithmayfield8044
@keithmayfield8044 Жыл бұрын
I just stumbled upon your channel by accident. I subscribed after the first video. You are amazing. Thanks for making investing understandable.
@CoachChadCarson
@CoachChadCarson Жыл бұрын
Thank you so much Keith! Glad to have you on the team. Welcome.
@maritestaylor8458
@maritestaylor8458 Жыл бұрын
So awesome thanks great information 😊😊😊😊😊😊😊😊😊
@johntrinh12
@johntrinh12 Жыл бұрын
Thank you Coach…Great video 🙏
@CoachChadCarson
@CoachChadCarson Жыл бұрын
I appreciate you watching.
@davidhastings2603
@davidhastings2603 5 ай бұрын
Excellent 💯 💯 💯 ❤
@ragslaxbondo1030
@ragslaxbondo1030 6 ай бұрын
Thank you!
@MrSanders00
@MrSanders00 Жыл бұрын
Great info. Thank you.
@CoachChadCarson
@CoachChadCarson Жыл бұрын
Thanks for watching!
@baileyembry6057
@baileyembry6057 Жыл бұрын
Awesome Video
@astorybookfinish5055
@astorybookfinish5055 Жыл бұрын
Excellent video. Thx.
@CoachChadCarson
@CoachChadCarson Жыл бұрын
Thanks for watching!
@user-cc4zb3ci5f
@user-cc4zb3ci5f 4 ай бұрын
great video
@richstevenson1
@richstevenson1 Жыл бұрын
Thanks!
@fountaincreationswellness4273
@fountaincreationswellness4273 Жыл бұрын
Hi Coach thanks for all the info. It appears that I can't download the spreadsheet calculator - can you send me the link or advise me on how to get it plz
@jgg765
@jgg765 2 ай бұрын
The best video I have ever seen on real estate in less than 1 hour. Thank you!!! Jonathan Guido Ghione.
@CoachChadCarson
@CoachChadCarson 2 ай бұрын
Wow, thanks Jonathan!! Really appreciate the feedback and you watching the video Best of luck!
@dividenddave6833
@dividenddave6833 Жыл бұрын
Hi Coach, I’m working on looking for a multifamily in North Carolina that my family and I am house hack and turn into a profitable rental if/when we move out. Thanks for doing this video. Am I able to reach out to you with questions ? Thanks!
@LearnHustleGrow
@LearnHustleGrow Жыл бұрын
Great video Chad! I couldn't stop watching it. I came across my screen and boom, I was hooked! Now I gotta go and download your spreadsheet! Ha!
@CoachChadCarson
@CoachChadCarson Жыл бұрын
Thanks friend! I appreciate the feedback. Always good to hear from you. And I got your message about the spreadsheet so I'll double check on that. Thank you!
@dachillzone899
@dachillzone899 4 ай бұрын
Very informative yet simple video to keep up with and with high quality information! is there a way that I can get access to the house desirability chart that you displayed?
@CoachChadCarson
@CoachChadCarson 3 ай бұрын
Yes, the Deal Worksheet is where you will find that checklist. And it's in the video description and you can download it for free.
@lasl5413
@lasl5413 Жыл бұрын
You rock, Coach! Do you have your real estate license (for investment purposes) or do you recommend it so we eliminate the realtor fee? Thanks!
@CoachChadCarson
@CoachChadCarson Жыл бұрын
Thank you! I have my license on dormant status, but I don't recommend it just to save fees. It makes sense if you want to do the side business or full time business of being an agent. If you were doing more volume - like flipping houses and buying rentals, it might make sense to get license for that. But for 1-2 per year I just pay other agents.
@lasl5413
@lasl5413 Жыл бұрын
@@CoachChadCarson thanks! huge help
@VyNguyen-wh3xq
@VyNguyen-wh3xq Жыл бұрын
Hi, I just started watching some of your videos. Thank you for the spreadsheets and your thorough explanations on analyzing rental properties. However, I have a question on your IRR. The 10th year cashflow should be less. You've taken account the entire year cashflow, but unless you sold the property exactly by end of the 10th year then you're never able to get the full 10th year cashflow. It probably won't change much but it is an adjustment needed. Probably using half of the full year's cashflow would be more accurate.
@CoachChadCarson
@CoachChadCarson Жыл бұрын
Hi Vy. Thanks for the comment. Yes, I did assume it would sell at end of year 10 and that there would be a full year of cash flow. With a single family house you may need it vacant, but with a duplex I assumed we'd sell it rented. But yes - if that assumption were different you could reduce last year's cash flow by 6 months or so.
@raven5816
@raven5816 Жыл бұрын
Nice videos!
@CoachChadCarson
@CoachChadCarson Жыл бұрын
thanks for watching!
@andrea_cepeda.
@andrea_cepeda. Жыл бұрын
Hey Coach, thanks for this video. Quick question, does this spreadsheet count for Utilities in the expenses section? I didn't see it there in order to figure out the true monthly cashflow. Maybe I'm reading it wrong. Thank you!
@CoachChadCarson
@CoachChadCarson Жыл бұрын
I might have left it off. Good catch. In that case, you can add an extra row and just type in the utilities there. Thanks for watching and reaching out!
@vttsantana
@vttsantana Жыл бұрын
Hello coach, I put an offer on 3 unite property. I need your advise
@kimberleyrivera4407
@kimberleyrivera4407 3 ай бұрын
Can you please make a video on how to analyze your first owner occupied duplex as a first time home buyer. Thank you.
@CoachChadCarson
@CoachChadCarson 3 ай бұрын
great idea! I've added it to my future video list. Thank you!
@Drwild75
@Drwild75 2 ай бұрын
Have you thought about renting theunits long term with an renter option to purchase for a fixed price and the renter receives a cretdit of 10%of the rent paid in rent over the rental years. It they decide to move out they can continue to option by subrental?
@natusfreedom472
@natusfreedom472 Жыл бұрын
If we buy and hold . What incentive does an agent have or get paid to be our boots on the ground , if we are remotely investing
@bigfathungrybear
@bigfathungrybear Жыл бұрын
Hey Coach, I just bought my first investment property, I will be living onsite and building units in the back using a law specific to my state. I thought it might make a good video for you to analyze the property's potential. Let me know if that interests you. Thanks!
@CoachChadCarson
@CoachChadCarson Жыл бұрын
Congrats on your deal, Brian! What kind of units are you building on site? I'd be interested to hear more details here.
@bigfathungrybear
@bigfathungrybear Жыл бұрын
@@CoachChadCarson the property has a 1630 sq ft SFD. We plan to renovate the existing structure. Then build a new 1600 sq ft duplex (2) 800 sq ft units in back. Then extend/convert the garage into an 800 sq ft unit as well. Giving us 4 units total! We're excited
@joseabarca5484
@joseabarca5484 Жыл бұрын
Hello Coach I'm in the middle of buying my first duplex. I'm planning on living in one unit and renting the other for a year. Do you have any advice on dealing with in place tenants? Any general advice or videos would be much appreciated!
@raven5816
@raven5816 Жыл бұрын
Same!!
@donatello9482
@donatello9482 Ай бұрын
How’s it going so far Jose? Did you go through with it?
@nellosnook4454
@nellosnook4454 Жыл бұрын
If local codes permit-and in hot rental markets-what about a twist on “house-hacking”? Converting a 3-bedroom, 1 bathroom, 2-car garage SFH into a 2-bedroom duplex? Garage & Master Bedroom square footage for the additional bedroom, bathroom, kitchen, dining/living areas? A rental “two-fer”? Potentially, 2 income streams for the price of one?
@CoachChadCarson
@CoachChadCarson Жыл бұрын
Yep! Good idea (and definitely have to check codes first)
@palpinter4204
@palpinter4204 2 ай бұрын
The Zestimate on that house now 2 year later is $232900. So it was a good investment and appreciated over 10% /year
@LWRC
@LWRC 17 сағат бұрын
In some markets in the US, this type of real estate investment may make sense. Here in Kalifornia, the property taxes are too high and with the interest rates we have, it doesn't make any sense to buy investment properties. You'll get killed with property taxes, bad tenants, HOA fees not to mention the high interest on debt service!
@itlabs2351
@itlabs2351 Ай бұрын
realtor fees included in purchase costs? pp + closing + fees
@chadlakin7517
@chadlakin7517 23 күн бұрын
Can I get your opinion on a property I'm under contract with in ladson SC? I live in North Charleston SC and this duplex is 10mon drive. Can we figure out how to private message the details?
@shawnturner1094
@shawnturner1094 Жыл бұрын
Hey Chad, I know it’s probably me, but I’m not seeing the Rental Property Spreadsheet here, or in any of the replies, or your toolkit for that matter. Would you mind letting us know where to find it? Thank you.
@CoachChadCarson
@CoachChadCarson Жыл бұрын
Here are my toolkit and spreadsheet: Coach’s Real Estate Toolkit w/ Deal Worksheet: www.coachcarson.com/toolkit-yt/ Coach’s Simple Rental Property Spreadsheet: www.coachcarson.com/rental-property-calculator-spreadsheet/
@shawnturner1094
@shawnturner1094 Жыл бұрын
There we go. Now, I’m getting it. Thank you!
@JimiCrack216
@JimiCrack216 Жыл бұрын
Is the 1% rule based on the rent for One Unit, or the Total Rent of all units combined? Thx!
@CoachChadCarson
@CoachChadCarson Жыл бұрын
All units combined.
@Voltaire772
@Voltaire772 Жыл бұрын
I wanted the excel sheet and clicked the link and it's just a never ending BS bait to sign up for his email letter. You never actually get the excel sheet. Video itself is very helpful! I just wish I could get that sheet easier.
@CoachChadCarson
@CoachChadCarson Жыл бұрын
Not sure what you mean by never ending. You click a link, you go to a simple page with nothing else but a request to put your email in to get the sheet, you get an enail with the excel sheet in 5 seconds. If you want to unsubscribe, click the unsubscribe like on that first email. Easy peasy.
@djgainsbond
@djgainsbond Жыл бұрын
Let's go Coach
@CoachChadCarson
@CoachChadCarson Жыл бұрын
Thanks DJ!
@natusfreedom472
@natusfreedom472 Жыл бұрын
What strategy would be ideal , now that interest rate are high and doing a brrr is harder to achieve? Thx
@CoachChadCarson
@CoachChadCarson Жыл бұрын
Using existing financing (subject to) or owner financing (seller carry back or lease option) are great strategies now.
@hesham8
@hesham8 Жыл бұрын
I wonder why being close to the road is an issue? I’ve lived in the northeast for over the last decade, where it’s all close to the road and medium density.
@johng1857
@johng1857 Жыл бұрын
Thanks for the great resources and information. I have a couple of rental properties in a HCOL area (Toronto, Canada) and I’m moving to a medium cost of living area (Northern California). When trying to compare the properties, I’m having difficulty with deciding what to choose as the growth in property price. Would you go with 3% as the assumed rate of return for most properties in most HCOL markets these days?
@CoachChadCarson
@CoachChadCarson Жыл бұрын
It's a tough call choosing a growth rate because it's tough to really know. Here's a historical chart of Sacramento's price appreciation rate since 2000 (www.neighborhoodscout.com/ca/sacramento/real-estate). It's been over 5%. The question is whether history will repeat itself. But one way you can stack the odds in your favor is choosing neighborhoods that will likely appreciate above average compared to the whole area. So even in areas with 3% average growth, some neighborhoods grow at 5% rates. That's a big part of what I teach on the channel and in my courses.
@ronchristian4508
@ronchristian4508 Жыл бұрын
Analysis
@TheJonMullins
@TheJonMullins Жыл бұрын
I'm wanting to move up to the Spartanburg area. I'm wanting to buy a duplex to house hack for a year. Is it possible to purchase with an FHA loan? I have 20k saved up for the entire process and am wondering if that's doable.
@CoachChadCarson
@CoachChadCarson Жыл бұрын
That's definitely possible to buy a duplex with an FHA loan. And congrats on saving the cash! Spartanburg is a great city.
@marcelrodriguez2067
@marcelrodriguez2067 9 күн бұрын
Since the banks count some of the income on what the future rent would be for that tenant does that mean that i can afford a 650k duplex making 100k a year with 10% down conventional? I dont not see anything cheaper in the entire tri state area where i live.
@kevinortega6309
@kevinortega6309 11 ай бұрын
i have a question on around minute 8:17 why is it a red flag if the property is higher than the rest of the neighborhood. i get that its more expensive but is there any other information you can extract from the price increase and why is it a bad thing other than its more expensive than the houses around it
@CoachChadCarson
@CoachChadCarson 11 ай бұрын
I think it's generally because most neighborhoods have a price ceiling. Appraisers like to use close by comps and buyers may get nervous being the highest price. So it's not imposible that it's a good deal just something to be cautious of. It's harder to value.
@selinahernandez9887
@selinahernandez9887 Жыл бұрын
So for IRR, that's an annual percentage, correct?
@CoachChadCarson
@CoachChadCarson Жыл бұрын
That's correct. Annual.
@MaxSabbath666
@MaxSabbath666 17 күн бұрын
Duplex analysis
@starburst6196
@starburst6196 10 ай бұрын
To qualify for an FHA loan for as little as 3.5 percent down, you have to live in the duplex for at least a year. Who checks this? Can you claim to live in one of the units but rent it out anyways?
@Davion_savant
@Davion_savant Жыл бұрын
Hey Coach, how can I get calculated the comparable rents for a multi family unit?
@CoachChadCarson
@CoachChadCarson Жыл бұрын
Hey Davion, I use Zillow rentals, BP rentals, and sometimes Rentometer to get comparable rentals units. You can do it for apartments in a multiunit or houses.
@Davion_savant
@Davion_savant Жыл бұрын
@@CoachChadCarson okay , well it’s just that some those platforms ask for bed and bath amounts , though nothing separating the idea of the fact or consideration that it’s a multi unit ; so is it total bed and bath per properties no Matter the the unit separation factor ?
@afaafa9161
@afaafa9161 Жыл бұрын
@@Davion_savant Just tried 'Rentometer' for example... Just put in the data for one apartment at a time of your multi-family and get the rent range for JUST that apartment, then do the same for each apartment in your multi-family
@Davion_savant
@Davion_savant Жыл бұрын
@@afaafa9161 ok , thank you , are you an investor or something?
@afaafa9161
@afaafa9161 Жыл бұрын
@@Davion_savant Yes I am.. I evaluate / buy duplex and up rental properties.
@BJ-fu4zy
@BJ-fu4zy 17 күн бұрын
Do a new construction duplex video
@BornOfAsh
@BornOfAsh Жыл бұрын
Question: If I pay rent to a CHURCH can I write that off on my taxes. The home is owned by a church , my $1500 payment is Paid to "Name of the church" on every check . Cannot this be a tax write off?
@CoachChadCarson
@CoachChadCarson Жыл бұрын
Never heard that situation. So, I honestly don't know. But my guess is that you can not write it off. You're receiving a benefit (a place to live) and not making a donation.
@willmclean8630
@willmclean8630 Жыл бұрын
I didn't see the spreadsheet
@CoachChadCarson
@CoachChadCarson Жыл бұрын
Here are my toolkit and spreadsheet: Coach’s Real Estate Toolkit w/ Deal Worksheet: www.coachcarson.com/toolkit-yt/ Coach’s Simple Rental Property Spreadsheet: www.coachcarson.com/rental-property-calculator-spreadsheet/
@FloridaPropertyRescues
@FloridaPropertyRescues Жыл бұрын
How to find a good property manager
@CoachChadCarson
@CoachChadCarson Жыл бұрын
The short answer is always referrals for me. Which means you have to take some time to network with other local investors through real estate meetups, Facebook groups, and BiggerPockets forums.
@robbyrucker140
@robbyrucker140 20 күн бұрын
I would think the 1% rule would apply if you want to pay it off in 10 years.
@chrissithlord4760
@chrissithlord4760 11 ай бұрын
Here is a tip, if your house is close to a fire hydrant, tell your insurance company. It will lower it.
@CoachChadCarson
@CoachChadCarson 11 ай бұрын
Good tip! Thanks.
@Ricocase
@Ricocase Жыл бұрын
Real inflation is 18+%, Avg. Debt service interest 7+%. Rule of 72 = $ will be halved in 4 yrs. Why buy unless IRRs are > 25%?
@nancyguzman7887
@nancyguzman7887 Жыл бұрын
Hi Coach! I am going crazy trying to find your phone number. I don’t see our conversation re: investing in your 50’s. Can you resend? Thank you!
@CoachChadCarson
@CoachChadCarson Жыл бұрын
Is it this video Nancy? kzbin.info/www/bejne/n6OtiJ2eobuGY80
@nancyguzman7887
@nancyguzman7887 Жыл бұрын
Yes! Would love more like these!
@khantrollz5655
@khantrollz5655 Жыл бұрын
Does this account for taxes?
@ragslaxbondo1030
@ragslaxbondo1030 6 ай бұрын
How leveraged rental investments are better than unleveraged (all cash) investments hurts my conservative, risk adverse brain. Actively searching for content to help become more comfortable with it.
@CoachChadCarson
@CoachChadCarson 6 ай бұрын
unleveraged can work just fine as well. I'm not in that real estate camp that thinks the only way to make real estate work is a bunch of debt. If you buy a property that makes a 7% return from the rent and 3% growth, that's a 10% return. Hard to do that consistently in the investment world, and it's super simple in real estate (with no debt). If you add leverage you can 2x or 3x those returns, but it also comes with more risk. If you get long-term debt and use it carefully, I think it's worth the risk early on. But everyone has their own approach! You do you! Thanks for stopping by.
@ragslaxbondo1030
@ragslaxbondo1030 6 ай бұрын
I just finished watching podcast 293 (four reasons to pay off debt) and episode 304 (retire in Portugal)@@CoachChadCarson Serendipitous, because (1) I am 54 (2) worked software and startups for last 20 years (3) selling house in San Diego home to invest in rentals for passive income streams (4) to relocate/retire early to Portugal or Spain (will decide in 3-4 months) in summer 2024. Your content has been insightful and helpful. Thank you!
@theatxrealestateguy8983
@theatxrealestateguy8983 11 ай бұрын
Its impossible to meet the 1% rule…
@CoachChadCarson
@CoachChadCarson 11 ай бұрын
Depends where you are. And what type of property. Not imposible.
@FLOODOFSINS
@FLOODOFSINS 2 ай бұрын
If you had invested that same amount of money on meta one year ago you would have had a 300% return
@CoachChadCarson
@CoachChadCarson 2 ай бұрын
More like 169%. But it's harder to pick winning stocks than winning real estate (for me)
@FLOODOFSINS
@FLOODOFSINS 2 ай бұрын
@@CoachChadCarson my mistake almost 300% return. Not sure why anyone would want the scraps of real estate returns and all the headaches, when I could invest in supermicro computers and within one year go from $89.00 to over $1,000. You can take that to the bank. Your videos do offer a lot of value. I would love to get into a multi-family so I can have the opportunity to bring in all these lowlifes here just to f them over. With all the money I've made in the market, I don't have to worry about getting a loan or waiting 30 years to get cash flow. But seriously when I think about how nice it is to just wake up knowing just in pre-market trading I can make 50k - 100k before getting coffee I don't see why I would even think about getting into real estate although I do want to help buy it so China doesn't take it all from us.
@dearbravesheep
@dearbravesheep Ай бұрын
An actually helpful video where the guy talks about REAL stuff? Thats kinda shocking 😂
@CoachChadCarson
@CoachChadCarson Ай бұрын
I guess that means there's other non-helpful, unreal stuff out there in KZbin land 😂 thanks for watching!
@wesleypoole5277
@wesleypoole5277 Жыл бұрын
See my house I’m from easley
@HughMorristheJoker
@HughMorristheJoker Жыл бұрын
I didn't smash it. I tapped it.
@CoachChadCarson
@CoachChadCarson Жыл бұрын
Either works! Thank you!
@valeriebakos5350
@valeriebakos5350 Жыл бұрын
You use a lot of jargon that the newbie like me finds real estate education is required
@CoachChadCarson
@CoachChadCarson Жыл бұрын
Thanks for the feedback. Would you mind letting me know any particular jargon that was confusing?
@murrayshaulingtransport9602
@murrayshaulingtransport9602 Жыл бұрын
Not a good deal.
@notyouraveragejohn69
@notyouraveragejohn69 Жыл бұрын
Lmao "literally takes 10 - 15 seconds to know this is a good location"......Definitely going to take several hours to know all the info you started the video with (schools, distance from downtown, nearby cities etc)
@JaySkeeteReacts
@JaySkeeteReacts Жыл бұрын
GOTTA MAKE THIS STUFF A BIT EASIER TO UNDERSTAND MAN. UR TALKING TO US AS IF WE'RE EXPERTS. AND THAT CHEATSHEET WAS NOWHERE TO BE FOUND. I SIGNED UP AND EVERYTHING NOW IM IN A MAILING LIST FOR SOMETHING THAT DIDNT HELP AT ALL. AND THE WEBSITE IS VERY MUCH TOO MUCH HAPPENING AT ONCE.
@CoachChadCarson
@CoachChadCarson Жыл бұрын
Thanks for giving it a shot, Jay. The spreadsheet got emailed to you right when you signed up. Have you checked your spam filter? An you're welcome to unsubscribe from the newsletter. It's 100% voluntary. What part of the investing business are you trying to understand right now? I get it that sometimes certain videos have too much info? If you haven't watched it already, this playlist has my best videos for beginners: kzbin.info/aero/PL5F-I4oW-y2HzDDUGdPgpMd0qiIE19osb
@HughMorristheJoker
@HughMorristheJoker Жыл бұрын
Clemson is going downhill
@CoachChadCarson
@CoachChadCarson Жыл бұрын
Hope not!
@jgpilot78
@jgpilot78 Жыл бұрын
Your spreadsheet doesn't work. You're smarter than that. Are you sending out clickbait so people give you their email address??
@afaafa9161
@afaafa9161 Жыл бұрын
His spreadsheets work perfectly fine.. I've used them to supplement my own (like adding the appreciation factor.. great idea). Check that you're not inputting data where you shouldn't be.
@loulupero4147
@loulupero4147 Жыл бұрын
Where is spreadsheet
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