How to Buy Your First Apartment Complex (Step-By-Step)

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Chandler David Smith

Chandler David Smith

Күн бұрын

Chandler David Smith just bought another apartment complex! In this video, he shares everything that you need to know to purchase, finance, and manage an apartment complex as a profitable investment. He shares why it is better to use a loan even if you have the cash to purchase the building outright. He also shares how you should not just take any loan, but you should prepare your credit to be able to negotiate a good deal, but also not take the first one that comes, because there are pro's and con's to different loans and lenders. Once you build a good relationship with your lender, you can explain everything about the deal, so you can get the best loan for the property.
Chandler also shares his criteria and checklist for choosing the best apartment to buy. Look for a property that has good cashflow and good appreciation. Always do a thorough inspection.
Make sure you watch this video until the end to get the answer to all of the following questions:
Are apartments good investments?
Is buying apartment buildings ethical?
Best questions to ask when buying apartment buildings?
What to look for when buying apartment?
How buying an apartment works?
Why buying an apartment complex is NOT a bad idea?
What should you know before buying an apartment?
How to negotiate buying apartment building?
How to get a great deal when buying an apartment building?
How to finance an apartment building?
Then you NEED to watch this video!
Get $50 off my new Real Estate Investing Course! Use coupon ( 50OFF ) Go to:
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www.elitesummersales.com/
If you're interested in learning more about real estate investing, and you'd like to have one-on-one mentorship go to:
www.chandlerdavidsmith.com/
Check out some other videos if you want to learn more about investing in real estate, building a huge passive income, or preparing for your own future home.
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Пікірлер: 325
@dianesullivan5338
@dianesullivan5338 23 күн бұрын
I remember 2007 when I was working in real estate seeing people buy homes new from builders with the intention of selling before close of escrow to a new buyer for profit. The crash was so brutal and fast that I remember seeing a lot of these units foreclosed on with the builder plastic still on the carpet.
@JosephineKenney
@JosephineKenney 23 күн бұрын
Most people find it difficult to handle a fall since they are used to bull markets, but if you know where to look and how to maneuver, you can make a size-able profit. Depending on how you intend to enter and exit, yes.
@HildaBennet
@HildaBennet 23 күн бұрын
The enduring US stock market bull run evokes a mix of fear and excitement, presenting opportunities with insight, resulting in $780k gains in the past ten months, utilizing a portfolio advisor for a well-defined strategy.
@PennyBergeron-os4ch
@PennyBergeron-os4ch 23 күн бұрын
How do I reach out to one? my assets have been struggling since 2022 and I’ve been holding on by the skin of my teeth.
@HildaBennet
@HildaBennet 23 күн бұрын
Don't be hesitant to contact Sonya Lee Mitchell and follow her directions.
@PennyBergeron-os4ch
@PennyBergeron-os4ch 23 күн бұрын
Just ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing.
@williamlackey123
@williamlackey123 2 жыл бұрын
Chandler, I turned a flip into a duplex saved all cash flow and , put into a 4-plex. My wife and I are looking to buy our first apartment complex this year. I can’t thank you enough for sharing your knowledge for free!!! My parents didn’t have any college degrees or own businesses. I did this myself- thanks to guys like yourself who educate us lil fish for FREE!!! 💜💪💯
@anotidaishechikunya2234
@anotidaishechikunya2234 2 жыл бұрын
omg please teach me!
@polocs2307
@polocs2307 Жыл бұрын
your story inspires me as a young adult
@superdavestudentrentals5951
@superdavestudentrentals5951 2 жыл бұрын
This was a great introduction to buying apartments. Being prepared to talk to these commercial lenders about deals before going in has been huge for me in my career and I wish someone had told me when I was starting out. Thanks for the video!
@ryanshroyer5146
@ryanshroyer5146 2 жыл бұрын
The amount of value in this video is incredible! Thanks so much Chandler 💪🏽
@berwickperu7683
@berwickperu7683 2 жыл бұрын
Maybe we’re crazy but after getting eight offers on our home, we refused to sell to the arrogant cash offer highest bidder and sold to the young couple who wanted a safe place to raise their family.
@kellyhoang1483
@kellyhoang1483 2 жыл бұрын
Good on you!!! That's great that you recognized a 'real' win-win situation and made a difference in the new buyers life.
@carlterry9686
@carlterry9686 2 жыл бұрын
I plan to do the same when I sell my home. Greed can make us forget our humanity.
@tylerroger1636
@tylerroger1636 2 жыл бұрын
I need some guidance please. Lately I've been considering buying dividends stocks for retirement, I have set asides $400k but somewhere along the line, I get cold feet maybe because I'm a rookie and have no idea what I'm doing.
@leemarty2765
@leemarty2765 2 жыл бұрын
@@tylerroger1636 😍😍😍Rosemary Carlson is there to guiding you through. She was the reason why I got into TESLA digital currencies. She’s quite popular on line, just look her up 🆙
@stricklandpilman2123
@stricklandpilman2123 2 жыл бұрын
@@leemarty2765 I'm grateful to my broker Jennifer Elizabeth Boland, she was the best and still the best brokerage in Florida. I had less to worry about. Just look up the name you will find her info.
@RagnarLothbrok2222
@RagnarLothbrok2222 2 жыл бұрын
Man, the treasure valley market is BRUTAL. Insane appreciation. Hard to cashflow. Love your material bro!
@i.a.m.7344
@i.a.m.7344 10 ай бұрын
You really did a good job explaining this. It really helped me understand a lot more of what goes into buying properties.
@tcironbear21
@tcironbear21 Жыл бұрын
Wow, tangible advice with no hyping and sales pitches. Just straight to the point.
@seanshoemaker6685
@seanshoemaker6685 2 жыл бұрын
Love your videos! Great practical advice, side note, d2d is where it’s at! Helped me start too.
@AppleAbston
@AppleAbston Жыл бұрын
I need to play this a few more times! Thanks ❤
@prestonstewart4573
@prestonstewart4573 2 жыл бұрын
Don’t have any properties yet. My goal is to get into real estate investing, my goal is to buy my first property this year. But I’m still watching videos like this cause it’s so fascinating lol.
@zc3303
@zc3303 2 жыл бұрын
Glad I watched this video.. I'm in the process now.. And I'll take your advice... Put down a fourth and spread the rest elsewhere... I'm nervous but being getting tons of advice before I make a move thanks maan
@roberttanko8250
@roberttanko8250 11 ай бұрын
Good information and I look forward to getting into this space
@davidbaugh4545
@davidbaugh4545 Жыл бұрын
Sick man. Great advice and very clearly said.
@mikejr1152
@mikejr1152 2 жыл бұрын
Wishing you and the family well 🙏🏽 an best holiday wishes to you *Chan Man*
@BackwardsR3LLIK
@BackwardsR3LLIK 2 жыл бұрын
You should make a video on shopping for a management company.
@bigxrecords7375
@bigxrecords7375 Жыл бұрын
As a maintenance guy, I wanna buy a complex cause I’ll be able to do all the work myself and save on the maintenance so I feel it would be very profitable for me
@luvslogistics1725
@luvslogistics1725 2 жыл бұрын
I subscribed. I’m a military officer, own two homes, was planning on buying 1-2 more before retiring for cash flow. One bought $175k is worth $350k now (Atl), new construction in Fl. already appraised at $265k at closing (bought for $248). I think I’ll sell them for down payment on a residential building. Was looking at quads but I think 24 units is better…and then make an LLC, and keep buying buildings. I think once u have one, you can keep justifying loans off income flow.
@jamonhughes8455
@jamonhughes8455 2 жыл бұрын
How could you justify cash flow on two mortgages with a low officer salary?
@luvslogistics1725
@luvslogistics1725 2 жыл бұрын
@@jamonhughes8455 I’m a Major. I don’t have any vices (smoking, gambling, drinking) or pets. I also bought inexpensive single level new construction homes. I saved up my 12-month Afghanistan deployment earnings, used it on first house. A lot of military dabble in real-estate and often use VA loan to do so.
@platano3000x
@platano3000x 2 жыл бұрын
@@jamonhughes8455 instead of asking about his military salary why dont u just ask for advice on how can u do it geeeezzz!
@platano3000x
@platano3000x 2 жыл бұрын
@@luvslogistics1725 luvs do u have a basement where i can live?
@luvslogistics1725
@luvslogistics1725 2 жыл бұрын
@@jamonhughes8455 I recommend fee simple new construction single family 3/2 single level homes as cheap as possible. You can do FHA loans, in some states apply for homestead exemption for property tax. The 1% rule is ideally your prop rents for 1% of mortgage. So avoid HOA when able.
@investinmyself253
@investinmyself253 2 жыл бұрын
Great video, I have 5 Single family homes and thinking about getting an apartment complex. thank you for the video.
@comerpickles9485
@comerpickles9485 2 жыл бұрын
How'd you get those single family homes? I'm trying to invest in some but have no clue where to start. No solid down payment. I don't even know if my credit score suffices. So many questions
@VINTAGE-AMERICANA
@VINTAGE-AMERICANA 2 жыл бұрын
Great video. Great channel
@DNL82
@DNL82 2 жыл бұрын
Thanks, for sharing
@byronrich2780
@byronrich2780 2 жыл бұрын
Your doing gods work
@nathanielcradle-yourrichfriend
@nathanielcradle-yourrichfriend 2 жыл бұрын
Chandler, have you thought about purchasing land and building on it? I’ve been looking into construction loans, architects, contractors…etc, and locking up a deal.
@gametimeracing
@gametimeracing 6 ай бұрын
I own one single family rental unit it’s cash flowing very well but I’m just starting out Plan to buy more thanks for the content
@KidCity1985
@KidCity1985 2 жыл бұрын
Love this guy!
@chakits1
@chakits1 2 жыл бұрын
Great content
@ChandlerDavidSmith
@ChandlerDavidSmith 2 жыл бұрын
Thanks man! Miss ya!!
@fisofisoahlam1907
@fisofisoahlam1907 Жыл бұрын
Thanks for all the tips. I've been thinking of buying some apartments but I have no idea of what is like to deal with all the stuff that you've mentioned. By the way I'm from New Zealand.👍
@casandracastillo4545
@casandracastillo4545 Жыл бұрын
Thanks again
@elliehoughton6684
@elliehoughton6684 2 жыл бұрын
Very cool thanks 🔥☺
@jghmolina
@jghmolina Жыл бұрын
Chandler, question: you buy multi-family and usually fix/rehab the exterior ... do you ever rehab the inside of each unit? When the tenants move out, that's when you do a nice rehab on the units? Or you just do light touches then? And how do you acct for that in your calculations? You use the cashflow to pay for those?
@mccallanger6734
@mccallanger6734 2 жыл бұрын
Have you done a Syndication before Chandler? That would be a great explanitory video
@CadenLeno
@CadenLeno 2 жыл бұрын
Super motivational Chandler. I just locked up my first tenant in my first rental property. Looking forward to learning more from you!
@barefootandindependent
@barefootandindependent 2 жыл бұрын
hahahaha
@socialclubmusic_
@socialclubmusic_ 2 жыл бұрын
Phrasing ! Lol . Hopefully the tenant has the key ?! 😂😂
@CadenLeno
@CadenLeno 2 жыл бұрын
@@socialclubmusic_ Lol I literally just realized how that sounded smh..
@BadForYourKidneys
@BadForYourKidneys 2 жыл бұрын
@@CadenLeno 😂😂 let him out for air man
@CadenLeno
@CadenLeno 2 жыл бұрын
@@BadForYourKidneys I'm desperate for CASH FLOW!! lol
@lyleandkennedy4996
@lyleandkennedy4996 2 жыл бұрын
Good vid bud.
@10baggerog98
@10baggerog98 Жыл бұрын
this channel is underated
@kendrick4l511
@kendrick4l511 Жыл бұрын
My girl needed a bank statements and stub last week and I was worried about her loosing her not getting her new apartment 😴 but everything good now only because of deelscafe good work 👍
@jenniferwilliams1559
@jenniferwilliams1559 Жыл бұрын
thanks really appreciate this comment i was a lil nervous tho thought it was some scheme online but he really legit .
@kaylaprater8641
@kaylaprater8641 2 жыл бұрын
After I graduate I plan on buying my first apartment complex! This was very insightful!
@onhiswayTREI
@onhiswayTREI 2 жыл бұрын
Thank you 🙏🏿
@MonaHarrisVlog
@MonaHarrisVlog 2 жыл бұрын
When you listed Apt complexes I said out loud “ Well, got d@mn”🤣🤣🤣 I love it here. ❤️
@goodmoodchillin
@goodmoodchillin 2 жыл бұрын
Thank you🤜🤛👍
@valentinlozoyau2732
@valentinlozoyau2732 Жыл бұрын
Thank u God bless you
@carloslopez6675
@carloslopez6675 2 жыл бұрын
hey chandler I’m 21 years of age and I’m looking forward to buying my first duplex very soon in the next 6 months or so I love all the videos you put out 👍🏼
@thatredcam
@thatredcam 2 жыл бұрын
Nice, may I ask what you do for a living at the age of 21 to afford a duplex ?
@ashog1426
@ashog1426 2 жыл бұрын
Kudos 👏
@ashog1426
@ashog1426 2 жыл бұрын
@@thatredcam street pharmacy?
@Sesamestreet9080
@Sesamestreet9080 2 жыл бұрын
@@thatredcam probably lots of work and saving up money. Plus he is probably single and no kids. From his last name he is Hispanic lots of parents usually let their kids stay if they work and bring stuff to the table
@carloslopez6675
@carloslopez6675 2 жыл бұрын
@@thatredcam yeah man I am a electrician Monday-Friday and a server Saturday-Sunday just saving 80 percent of my earnings. Trying to build passive income
@4thekulture616
@4thekulture616 2 жыл бұрын
Good info. What market are you in?
@calcalmaster11godsonsun6
@calcalmaster11godsonsun6 Жыл бұрын
Damn you doin yo shit motivation you my new competition
@esuwara7148
@esuwara7148 2 жыл бұрын
are happy, may God bless him.
@tyshawnguyton4610
@tyshawnguyton4610 2 жыл бұрын
Perfect I’m 20 look at buying a quad plex this year to house hack
@chestydevildonut6550
@chestydevildonut6550 2 жыл бұрын
Did you buy them right out or did you go through the bank?
@NotFarFromGaming
@NotFarFromGaming 2 жыл бұрын
Im 23 with 1 single family rental, i plan on buying a duplex later this year!
@ChandlerDavidSmith
@ChandlerDavidSmith 2 жыл бұрын
Let’s goooo
@ellenl6376
@ellenl6376 2 жыл бұрын
How do you name your business and what should I name it if I want to do a multitude of things
@Jim_Briggs
@Jim_Briggs 2 жыл бұрын
I've been looking at buying a duplex for my first property. My credit isn't the greatest. With the cost of the duplex and the current rental market, it's a no-brainer. So I've been working on trying to figure out away to secure a loan for the property.
@marisastoneobrien7834
@marisastoneobrien7834 2 жыл бұрын
Work on increasing your credit score. That can generally be done in just a few short months, depending on what is on it. You only need a 630 credit score to buy a duplex with an FHA loan. There are other benefits too.
@Jim_Briggs
@Jim_Briggs 2 жыл бұрын
@@marisastoneobrien7834 I'm actively working on getting my credit score up enough to make something happen.
@thelexyshow
@thelexyshow 2 жыл бұрын
What state are you purchasing in?
@comerpickles9485
@comerpickles9485 2 жыл бұрын
Likewise. I'm not sure where to start. My credit score is above 630 but how am I going to be able to provide a down payment *that* massive such as $250k down on a duplex.
@taylorsessions4143
@taylorsessions4143 2 жыл бұрын
@@comerpickles9485 perhaps you have some money coming on with this tax return coming soon? Otherwise, you have to find a way to save it up. Remember that when you are buying, you live in the home for the month and then pay for it, where as when you are renting you pay for the month at the beginning. This means that if you buy in the middle of next month, your first payment is going to be a month and a half away. That allows you to collect your first month of rent and deposit before you ever even need to make a payment.
@jamescc2010
@jamescc2010 Жыл бұрын
What different ways can we get money to do rehab?
@upMETHOD
@upMETHOD 2 жыл бұрын
I appreciate your videos on apartments... I'm all in on single family property right now but I'm actively searching for either and apartment complex or a mobile home park, good deals are hard to come by in my area.
@brennonthompson835
@brennonthompson835 2 жыл бұрын
Wouldn’t recommend mobile home park
@avdilluma1652
@avdilluma1652 2 жыл бұрын
Mobile home park? Why
@brennonthompson835
@brennonthompson835 2 жыл бұрын
@@avdilluma1652 since it is a mobile home park you will not get as high of income, no appreciation only depreciation
@avdilluma1652
@avdilluma1652 2 жыл бұрын
@@brennonthompson835 ah okay. Another question for you is I don’t have the deal yet but I do have a private money lender that will act as a bank to me, but what kind of returns should I propose to him?
@brennonthompson835
@brennonthompson835 2 жыл бұрын
@@avdilluma1652 I would love to answer but there are too many variables that I don’t know
@cactusaviator
@cactusaviator 2 жыл бұрын
With all those properties, do you use a property management company? That’s a lot of units.
@maritestaylor8458
@maritestaylor8458 Жыл бұрын
Awesome 😎
@thatawesometrucker
@thatawesometrucker Жыл бұрын
Do you offer any classes or possibly do any one on one courses?
@ASH-se6kr
@ASH-se6kr Жыл бұрын
I’m interesting in buying condo in bronx NYC but i would like to know what the average maintenances fee monthly and what is the average condo rent if I rent it ? I wanna calculate how much I can make monthly profit , thx
@kelleyspero7322
@kelleyspero7322 2 жыл бұрын
Do you have to have your LLC in the same state you are buying and holding?? Or Can my LLC be in a different state? Thank you so much for the content and info!
@JP-vz8gs
@JP-vz8gs 6 ай бұрын
Ask your attorney, usually you get an LLC in the state of the asset
@richardlewis7555
@richardlewis7555 Жыл бұрын
Tools of the Titans a great book
@DoctorEiriny
@DoctorEiriny 2 жыл бұрын
What do you mean when you say wholesaler?
@gloriaramirez3721
@gloriaramirez3721 2 жыл бұрын
When you talk about building a good relashionship with the bank do you mean using the same bank all the time or the same loan officer?
@WoodUCreate
@WoodUCreate 2 жыл бұрын
8 plex, $20k, that's pretty low. Assuming you're getting it at that rate and will be making improvements so that you're cash flowing better?
@randomgreatness2489
@randomgreatness2489 Жыл бұрын
Hey Chandler, with a totally different real estate market now, how would you go about buying an apartment now or would you not buy at all?
@PaceMorby
@PaceMorby 2 жыл бұрын
Youre handsome! Good stuff bro.
@breannafaye6466
@breannafaye6466 Жыл бұрын
Curious what your rates are now in the current market?
@christiancalderon3821
@christiancalderon3821 2 жыл бұрын
What is the name of bank? What is the website for searching for 8units or 32?
@brandonschieman2902
@brandonschieman2902 2 жыл бұрын
Just curious...why wouldn’t you just hire a commercial mortgage broker with established relationships to shop all the lenders? Love the vids!
@aaronyoder121
@aaronyoder121 2 жыл бұрын
Extra cost?
@JP-vz8gs
@JP-vz8gs 6 ай бұрын
What you pay in cost is made up in time savings and potentially better deals and terms.
@jgg204
@jgg204 2 жыл бұрын
The issue now, is that people are paying whatever the seller wants just to place money and get the property
@kapil_dev_9313
@kapil_dev_9313 2 жыл бұрын
They stated on each case that I had an eviction although I’ve paid the
@gabrielREI1
@gabrielREI1 2 жыл бұрын
chandler amazing vid man. also wondering, you mentioned your cds calc is free obv on mobile devices. how about the excel sheet you mentioned that was available to download on your site. it said you either need to purchase the product or sign in, cant sign in I'm assuming i have to be a member.
@ChandlerDavidSmith
@ChandlerDavidSmith 2 жыл бұрын
You can request the spreadsheet on the main page of the website yes just plug in your email and it sent it to you
@gabrielREI1
@gabrielREI1 2 жыл бұрын
@@ChandlerDavidSmith your goated thanks, just got it
@staticunion9508
@staticunion9508 Жыл бұрын
I WILL OWN multiple 100 unit up apartment complex in my future
@reybigdreams1618
@reybigdreams1618 2 жыл бұрын
Hi Chandler, I was going to buy a tri-plex, but I ended up starting a repair center business. I have an LLC, but not a stable income. The business isn’t lucrative yet, but I hope it will become profitable in 2022. Would not having a stable income be an issue??? I know in the beginning of the video you mentioned if you have an LLC the bank doesn’t care where the money comes from? 🤔
@reybigdreams1618
@reybigdreams1618 2 жыл бұрын
@neal cassady what happened in your situation?
@ahmadboxlife8847
@ahmadboxlife8847 Жыл бұрын
Can you get a loan with 0% interest if you put down 50% down payment or more?
@brandonmiller2171
@brandonmiller2171 2 жыл бұрын
Is it possible to do a 1031 exchange on a single-family home to a 5 unit appartment or bigger and differ the capital gains taxes and depreciation recapture taxes?
@pawelwisniewski6849
@pawelwisniewski6849 2 жыл бұрын
Yep
@brandonmiller2171
@brandonmiller2171 2 жыл бұрын
So what's the answer? Can this be done as a like-kind exchange?
@jamarmills7928
@jamarmills7928 2 жыл бұрын
Yes
@Keylanb
@Keylanb 2 жыл бұрын
Most underrated channel on this platform
@ChandlerDavidSmith
@ChandlerDavidSmith 2 жыл бұрын
Thank you!!
@ibsenalamo4471
@ibsenalamo4471 2 жыл бұрын
Where to find investors??? Im in PUERTO RICO its a Headache to find them
@grantr1556
@grantr1556 Жыл бұрын
How about build to rent?
@demetriusnickens6803
@demetriusnickens6803 2 жыл бұрын
Look at apartments the are willing to sell how do I do this
@GuapMillz
@GuapMillz 7 ай бұрын
What’s is an AM?
@Ronnye40
@Ronnye40 Жыл бұрын
How about if you’re starting off on your first investment and you have the experience through books for a value add investment on a apartment building but you can’t get Private financing because you don’t have the “background” or “experience” to get approved. Is bringing someone into the investment that is experienced the only way or is there any other way?
@Ronnye40
@Ronnye40 Жыл бұрын
@RBA Equity Sweat equity.
@timelessceo
@timelessceo 2 жыл бұрын
What’s the purpose of a title company
@chrisnelson5877
@chrisnelson5877 2 жыл бұрын
Have you heard of Ben Mallah? That guy is wild.
@luvslogistics1725
@luvslogistics1725 2 жыл бұрын
What area are you doing this in?
@angelo-001
@angelo-001 2 жыл бұрын
Confused, your “market” goes up 10-15%/year, but is that SFR? Isn’t multifamily value based current rents collected? Also, C+ property AND great appreciation? This is Lala land
@justinu4521
@justinu4521 Жыл бұрын
Can you skip the small steps (single family, duplex) and jump straight into deals like this???
@Greggsberdard
@Greggsberdard 2 ай бұрын
I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.
@hermanortega123
@hermanortega123 2 жыл бұрын
I have a tenant that’s 6 months delinquent. Mortgage and HOA only 750$ a month. I have a HELOC for my next one but my plan will only work if my tenant pays on time
@da324
@da324 2 жыл бұрын
Why is that person still there?
@j.a.c.3776
@j.a.c.3776 2 жыл бұрын
But what about the lack of experience (on paper)? I learned that you can't get a commercial loan without proven experience (schedule of properties, or a sponsor with experience). Can a newbie with a down-payment and no experience actually get a commercial loan?
@j.a.c.3776
@j.a.c.3776 2 жыл бұрын
@neal cassady Exactly, I guess telling the truth about how the business works isn't sexy enough. Too many influencers omit the real information. You must have proven experience, or a sponsor who has it that will sign for the loan.
@PaulyVisuals
@PaulyVisuals 3 ай бұрын
As aperson whos making 40k+ a year. What do you think of me getting an 20 to 30 unite apartment complex?
@1994haphuong
@1994haphuong 2 жыл бұрын
What to do when most of the deals nowadays have been quite overpriced?
@alessuarez8280
@alessuarez8280 2 жыл бұрын
Could you explain what Balloon payment for first 10 years is?
@aaronyoder121
@aaronyoder121 2 жыл бұрын
Usually those have amortization for 20 or 30 years. Meaning your payment is like a 30 year loan. But the balance is due in 10 years. But you can refinance in 10 years so you technically don't have to come up with the balance.
@sadarrielbrown5617
@sadarrielbrown5617 2 жыл бұрын
How to find complexes for sale?
@IDAHOJAKE
@IDAHOJAKE 2 жыл бұрын
See you gotta come up with 20-30% where did you come up with money? Self made or did you come up some how?
@keshceia
@keshceia 2 жыл бұрын
PSA : It also works if u have a VERY GOOD credit score and need inquiries, collection accounts, charge offs or debt etc removed .........
@LUCKYHYPERCARZ
@LUCKYHYPERCARZ 2 жыл бұрын
How old were you when you bought your first property
@jeffdorris5321
@jeffdorris5321 2 жыл бұрын
Lets go ✨✨
@chef_jim2568
@chef_jim2568 2 жыл бұрын
Thank you for the advice Mr Hannibal Lecter
@gg.6633
@gg.6633 2 жыл бұрын
Hmm informative video. I am concerned about your practice of buying a property just to raise rent prices. You said you could add value to properties, what value do you add that constitutes raising prices? Curious…
@topflightlawncarelandscape316
@topflightlawncarelandscape316 2 жыл бұрын
Chandler can I get some advice from you on doing owner finance. I am thinking of selling my triplex and owner financing for the buyer.
@walidahnjeri830
@walidahnjeri830 2 жыл бұрын
Hey did you ever sell your triplex? I’m interested in getting into ultimate family, and would live to chat with you and see if I could help.
@topflightlawncarelandscape316
@topflightlawncarelandscape316 2 жыл бұрын
@@walidahnjeri830 I did
@RAMADHAN2023_
@RAMADHAN2023_ 2 жыл бұрын
lease, they swore the information was sent to my current address but I
@Techpodshed
@Techpodshed 2 жыл бұрын
What banks you talking about? What are the name of banks?
@BuccarooRanch23
@BuccarooRanch23 2 жыл бұрын
I looked into buying a 40 unit complex, the bank didn't even want to deal with me. They said the only way they would loan money for a complex is if I 1st create an LLC, then that LLC needed at least 5 to 10 or more units, depending on the loan size that can be used as collateral. They also required an Insurance policy that would replace or rebuild the complex if a tornado or fire or another event happened. Property tax money must be deposited into an account that is controlled by the bank. The bank also wanted to run credit checks on all tenants. Once the load was paid off, then the LLC would have to pay for the credit checks. The last part never made sense because the person applying paid for the credit check. The bank wanted 10% of total rent per month.
@green-iq6mb
@green-iq6mb Жыл бұрын
make the deal
@JP-vz8gs
@JP-vz8gs 6 ай бұрын
Find a new lender. Lenders don’t run credit checks on tenants.
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