How To Analyze Multi-Family Rental Property | Real Estate Investing

In this video, Chandler analyzes this 12 plex and shows you how he decides if he should buy or pass on this rental property.
Chandler David Smith has been investing in rental real estate for the last 7 years. He currently owns 99 units of rental real estate. In this video he shows you exactly how he analyzes multifamily real estate. In detail he goes through the entire process of finding and analyzing this 12 plex in detail. He shows you how he determines area, rents, expenses, and everything else that you need to know before deciding to go through with purchasing a rental property. This video was created to help new and old real estate investors understand the tricks to properly analyzing a rental property.
#multifamilyrealestate #howtoanalyzeadeal #rentalrealestate
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[@ChandlerDavidSmith]

Can you find the two places I accidentally included the address? It’s OK... not gonna buy it anyways ha ha

[@AndrewLaMonica1]

I came from stradman channel and subscribed you are a great youtuber I hope you like the c8 corvette congrats

[@jamescurrey3824]

Hate it when the address is in the property details.

[@yodaddy6540]

dang lol @ 9:55

[@Steven-cu2et]

😂😂😂😂😂😩

[@raafibell5]

@@yodaddy6540 lol

[@ondawok]

I’m 13 and my plan is to work from 14-18 and save up money so I can’t buy a 4plex for a good price but I’m also invested in stocks and I am currently sitting at 540$

[@computerandipodgeek]

you're waaaaay ahead of everyone dude. good luck! You'll be rich one day with that mentality.

[@jordanmcdonald6306]

Godspeed homie! I’ll subscribe when you start your KZbin channel.

[@limpaster3827]

I hope you get to atleast $120k by 18

[@MillennialMike]

You're a legend for your age my guy. I was working at 14 at mcdonalds in North Dakota. wish youtube was around back then but it wasn't invented for like 2 more years. and these videos werent' around for like another 8 haha. try househacking my guy. great way to get started it's what i did with my duplex and continue to do now. Up to 3 units already and trying to close on 2 more right now.

[@aaronkulikov1158]

ayyy we should be friend im 13 in e eCommerce and my dream is to invest and flip real estate and wholesale it.

[@besnikkadriu3140]

And your calculator about rentals is spot on I have it already, thanks!

[@chinoc7046]

We love it how you analyze the deals!! Please keep it going man. You're the man!!

[@imanim8793]

Like watching you analyze deals period. Thank you for this!

[@Von_RX]

This is really great Chandler! Listening to your analysis on deals you don't buy, to me, are just as important as those deals you do buy. As an investor, not every opportunity is perfect and having experience & knowledge to reject the under-performing ones is key.

[@alexhernandez3942]

Please keep posting videos of properties you pass on as well. The explanation really helps.

[@koonerd321]

First video I’ve watched from you. Loved it! Great content. Also just subscribed to your channel.

[@AdamSmith-fe9jf]

Definitely appreciate the insight into your analysis, even on deals that don’t materialize. So, please keep that up. For a beginner or someone less stringent on the ROI, I think this would have still been a good opportunity for someone, such as myself, even at 4-6% return. Thanks for the invaluable info and the lesson. Btw, came from Stradman but stayed for the excellent information you are teaching.

[@Vid_Master]

I appreciate the app that you spent money creating, as well as all your videos! They are great. I have been watching KZbin videos constantly for over 13 years on several accounts, so I can tell that you are putting a lot of time and effort into making quality content for people to learn and enjoy. Again thanks!!

[@lifeworthlivingnow9825]

whats the app

[@marias835]

Amazing! Will watch again. Lots of great information.

[@allex_with2ls]

This Calculator rocks. I love using it! Great content man.

[@Panda_J1]

Excellent video. Chandler is starting to be one of my favorite you tubers. Keep up the good work

[@ChandlerDavidSmith]

Thank you! That means a lot!

[@amandaturner9903]

I like seeing your analysis and explanation on why the deal won't work for you. I like the detailed reasoning about how you got to the different numbers that you are using as well. People talk about " running the numbers " all the time but having a little more depth is helpful. Keep the vids coming!

[@chadackerman9141]

Chandler, thanks for posting these videos. As a newbie to the business and a data collector this helps my confidence in my own analysis. Thanks for sharing!

[@bigd5364]

Please, more videos like this. Great example of concepts put into action.

[@therev9110]

CS thanks very much for the quick calculator, you didn't have to but way to go!!

[@AJMida]

Awesome content! It's really good to know more about rental business. This would be very informative for people who want to invest and are investing.

[@rickymagicanada]

Chank you Chanler, your calculator is amazing. Thank you for showing us how you analyze the properties

[@ChandlerDavidSmith]

Thank you!

[@evandeimling412]

Chandler David Smith chank *

[@LordVader5738]

Show us everything, man. I love your channel, your honesty, and everything you have put out that has taught me so much. I admire you a lot, bro. And don't lower your standards. If you want 15, fight for the 15 or find it somewhere else.

[@rdgale2000]

Came here from your video with TheStradman. Great video with useful information. Thank you for sharing.

[@tubeyou89119]

Definitely good to show both "buy" and "pass" scenarios. Keep it real.

[@pixel_this_studio]

Awesome . Very informative ! Thank you Chandler!

[@Patvingo]

New to possible realstate investing in the near future. You got great content. Thank you!

[@titosmafa8771]

Thank you for your analysis, I got your calculator. Very useful. Good job Chandler

[@jasonjosephlee]

This is a great video. Best thing I ever did was buy rental properties. I recommend everyone to get some rental units as soon as they can.

[@akmclemore]

Awesome video! I am looking into buying my first rental property sometime soon and I definitely found this video very valuable!

[@ChandlerDavidSmith]

Awesome! Glad you enjoyed it!

[@chrisshepherd307]

Definitely keep analyzing deals on the channel. No better practice for when I'm ready to pull the trigger.

[@daveg2199]

Hey Chandler, I know it’s three years ago you made this video but thanks for doing it and thanks for the calculator! I appreciate you sharing your favorite hobby with us, it actually made something that comes difficult for me pretty fun. I learned much from it!!

[@cierrawalters8946]

Loved this video on why you passed on the property!

[@JamesHollowayYT]

I like multi-family but man, the cash flow I’m getting from my two single family homes is awesome lol cash flow $1100/mo!

[@ChandlerDavidSmith]

Killing it!

[@Jekyll_Island_Creatures]

You should make a video about your properties with all the numbers!

[@JamesHollowayYT]

Send A Raven great idea! I talk about my properties all the time on my but I don’t think I’ve talked about actually broken both properties down!

[@BlackwolfImaging]

That’s awesome! What market are you in?

[@JamesHollowayYT]

Blackwolf Imaging currently in Indianapolis, IN., and Broken Arrow, OK.! But I have teams set up in about 4 other markets!

[@thetachi136]

Thank you for making this video.

[@rosagaldamez6730]

Very interesting, I'm learning a lot. Thank you

[@worldwideachievers1234]

Thanks for the app Chandler. I lived in IF for one year in 2004 working @DOE Site INEEL. Tons of snow and Malelueca headquartered downtown. Miss gym the Apple very nice. Love your vids. Your good and keep going bro!

[@blazeexpressdelivery1961]

Wow! Chandler, you really blessed us with this video!!! : )

[@skinnyguygains2459]

super helpful video concept!! thanks CDS

[@carlosgiraldo812]

Dude, thanks for that calculator app and the way you broke down the analysis in this video. I would really like to see more on break downs like this when you are trying to get the best deals. Thanks. I will have to comment on Kevin and Graham negatively for not coming out with an app for the people (you know Graham won't spend that much money on his coffee, he is not going to throw money on an app ha ha ha).

[@ChandlerDavidSmith]

Hahahaha love it! Thank you!

[@driptcg]

Thanks for the informative video!

[@JohnThePeach]

Thanks for the info!

[@psorrell2556]

Thank you for the CDS Calculator, it is exactly what I have been looking for to quickly analyze deal or no deal 🙅‍♀️. The only problem is I wished the expenses were a % too, so you can put in the avg % instead of adding all the sellers expenses.

[@sheridanbird478]

I saw this deal last week! Very interesting!

[@ChandlerDavidSmith]

Forsure

[@justinfindlay7826]

Found you from stradman, taking advantage of stock market opportunities currently that will do well and want to find a property next year, I was going to comment what app that is and found your older video that it’s your app! Nice! Downloaded!

[@benjaminland6693]

Definitely keep showing the passes. It's good to know by looking at it what makes it a no go.

[@2beesfarmstead819]

Thank you for the information

[@teodorohenrique2015]

On the same page! Not paying list price! Keep going! Tks for the video!

[@ChandlerDavidSmith]

Thank you!

[@psych0hans]

Hi Chandler, is it better to run Maintenence as a percentage of rent or as a percentage of property value? Thank You!

[@ateesband6116]

I like the break down and running scenarios on the visual calculator. Things started to sink in. Thanks!

[@bilall3887]

Great video bro!!!

[@jacobcox4228]

Awesome teaching

[@Yesk1234]

I’ve been watching chandler since the beginning and he’s definitely going places

[@domenechfamily1422]

Chandler, more videos like this please. The way you run the numbers on properties help us feel safer and make a good decisions. Thanks.. PleaseMore 😜

[@nicks1stmill]

Very informative, I think it's good to see both pass and buy. Just sub great content!!!

[@ginaloveslife632]

You are truly a steal for me!☺️ Quick question, what if the units is without central air? I plan on moving into it... it’s a 4 unit multi unit.

[@tonyfernandez5912]

Thank you, for your videos.

[@Mmvexxx]

So. Much. Educational. Value 🤯🤯

[@ThreeUsee1]

Lol just cuz you said, “cuz I’m greedy” 😆 I smashed the sub button

[@10baggerog98]

I love the vid keep in coming

[@sirajhajififty]

Incredible content

[@alfalogic]

Great video! How do you account for heating, water, garbage, cleaning? Is that included in your 12% maintenance?

[@CaliforniaLoans]

Great video mate!

[@jasonraj7383]

Great video !

[@ChandlerDavidSmith]

Thank you!

[@brandonspiegel2293]

Bro, I love the calculator!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[@liamduffin3742]

thats crazy, i found you from stradman and i used to live in IF up in the foothills

[@lucasteague8185]

CHANDLER! Please drop some knowledge for us on how you choose insurance! Insurance cost on this 12 plex are the same as a single family in my market.

[@jaredthetrain5309]

Keep making these videos YES YES :)

[@johncolorado1061]

This motivates me to keep trying and save up money for a down payment for one

[@ChandlerDavidSmith]

Go get it!!

[@thatcoolkidjoey]

16:22 the property insurance is in the yearly expenses section of the calculator. Who the heck are they used to only have to pay $1,200 a year for property insurance for 12-unit

[@timothystoner9685]

Loved seeing you analyze the deal even though you didn’t buy it

[@besnikkadriu3140]

Hey Chandler you’re awesome And your input and info is always so elaborative. I’m just starting off and wanna purchase my first investment property. I have some cash saved up. What should I focus on buying ? Thanks

[@mapuche888]

Love watching what you pass on

[@itsforutube]

The calculator is awesome 👍🏻

[@earlybeepersonalfinance4773]

Great vid! I'd like to know the mic you're using, Thanks!

[@keemo83]

Hey Chandler I was wondering which source do you use to find your properties and deals

[@AlisaDowellRadiantRefresh]

Thank you for deal calculator!

[@Krookedhands]

For someone new getting into real estate. What's the best step? Taking classes? Curious to know

[@fulllifeadventures]

Chandler, thank you! Question, why would someone by at such a hight price and low COC? how do they justify that pro forma?

[@Rel1nquish3d]

Hey Chandler, I believe the address may accidentally be included around 10 minutes when you first jump into the numbers FYI!

[@guthannight]

I saw that as well lol

[@ChandlerDavidSmith]

Once I realized I wasn’t going to buy the property I wasn’t too worried about it ha ha thank you so much for the heads up though

[@Rel1nquish3d]

@@ChandlerDavidSmith I figured but wanted to give the heads up. Thank you for the swift reply! I am in my early 20's based in CO and recently closed on my first rental unit. Your story, channel, and pure hustle has been a tremendous inspiration for me and many others!! Keep up the hard work CDS!

[@hustlindaddiy5194]

Great overview.

[@ChandlerDavidSmith]

Thank you!

[@michaelkaylor6770]

Show a variety of for sure No's, maybe's and yes's! allows a better look for people getting into it! Thanks and keep charging!

[@bizbuck1]

yes please do both , analyze deals in the 8-20 unit range, both that you buy and don't buy. what is your "BUY BOX" ? thanks

[@kjohri]

15% wow !! In Atlanta, MFU are getting picked up at 5-6% cap rate..

[@eyes21215]

Hey....... wanted to know if you recommend any apps looking for duplex, fourplex and multi-family rental

[@cjwalker102]

Hey Im curious. How can one go by developing a app for the app store?

[@devontabanks6510]

Hey Chandler, how did you create your app? I have an idea of a real estate but wasn't sure how to get started? Thank you

[@giannyniebla1996]

I bought my first rental 21 days ago and put it up on the market for rent last night. I am a real estate agent and have been following a lot of real estate channels on youtube but I am a big fan of your content and love the calculator. I think this helps a lot of people out there thank you for what you do.

[@danish2199]

so how’s it going? i’m in the same track almost.

[@julioramos8085]

@@danish2199 doesn’t seem like it went well

[@mcj9917]

^

[@giannyniebla1996]

@@danish2199 It went great just saw original comment due to @MCJ bought another rental since that comment. Now I have 2 properties that are 4 houses total and 7 tenants hope I hit 10 by June.

[@lone.1629]

@@giannyniebla1996 I found a property that I would get 11% cash on cash return. Problem is I don't have money lol, did you use hard money lenders or how did you fund your purchases?

[@irobunigiebor3913]

Boss Your analysis is very clear and you presented it simple. Do you operate in nyc area. I live in nyc. I wish I can speak with you.

[@kasokachibanga8837]

Thanks for the calculator app bro🔥

[@stevenroshni1228]

@chandler if you could make a playlist with all the videos that you show us using the app that would be great. So we can be get familiar with the app.

[@ChandlerDavidSmith]

That’s a great idea!

[@johnpurdy8472]

Is there a way to make your Calculator calc as interest only?

[@Sharkdog11b]

My sister lived in that exact apartment in if you showed in the beginning haha I’ve been wanting to snag one there too

[@kenmarquis5320]

I'd be interested to hear your new remarks on COCR and Valuation now (2-years later)

[@growthtv22]

Hello Chandler stumbled upon your video as I am looking to purchase my first multi family. I’m trying to determine the value. The property has begun renovations, but so far only 20% of the renovations have been completed. I’m trying to determine a counter offer or if it’s even necessary to counter if I can determine the true value of the property. I need some help?

[@Aloraxl]

Huge fan, been watching a ton of your stuff-which reminds me that I should subscribe! My question is, when you calculate things like 6% for vacancy or repairs, are you saying 6% of the annual rent or do you take it off every month?

[@fc27r6]

Its all relative,, but I believe most look at it on a yearly basis....especially when calculating ur Net Operating Income. At least thats what I was taught.

[@soccerav]

Dope Chandler! ✊🏼

[@ericedwards12]

Congrates on the new car and meeting The Stradman

[@ChandlerDavidSmith]

Thanks man!

[@thebigguy963]

in California commercial banks are offering 30 years amortization for apartment loans (5 unit or more).

[@amandagersbacher9116]

We are in the process of closing on a double. Half the property is occupied but we don’t plan to continue to rent it to them. Their lease is up so we will have to write a end of lease letter saying we don’t plan to renew their lease. I have been searching online to see how it should be worded but can’t find any samples online. Do you happen to know where I can find something like that or any tips you can give?

[@Achilles2014]

Great videos Chandler I learned a lot from you. I'm curious what Market are you at since the house you're buying is so cheap. I'm on Seattle Market even in Tacoma and Puyallup houses are getting expensive but there's still opportunities here . Do you also invest out of state?

[@MillennialMike]

He buys in Idaho. I work in Seattle and own 1 duplex in Pierce County that i house hack. I had to quit the Seattle market as well it's just too ridiculous here right now. Bidding wars and the prices are obscene. I'm investing in the Midwest and bought a single family home for 60k a couple months ago. I'm working on a 4plex for 85k right now. I have some videos on my channel explaining the benefit of considering a different market if you live in a pricey area like we do.

[@kayvonmansouri]

What app are you using to analyze this stuff?

[@bryanegner8645]

How would you appeal to a low appraisal? (If the other similar buildings haven't sold in a while)

[@ChandlerDavidSmith]

You can ask to get a different appraiser