How to Find and Buy a DUPLEX | (step-by-step)

[@ChandlerDavidSmith]

What else do you want to know about buying a duplex?

[@smoofwah3552]

Meth remediation costs ;-; asking for a friend;)

[@SkepsisVideos]

Could you possibly do a video on how to use a MLS and how you prospect deals yourself? Love your videos!

[@LifeCoach44]

What CoC return are you getting on your latest MLS properties?

[@antonioalejandrogonzalezca8691]

How to buy it id you are an international investor (Im mexican)

[@kamuelawilson265]

What is the requirements for FHA loans?

[@AliceSinYT]

I saw someone on tik tok day instead of getting an apartment, save up and get a loan pay the 3.5% off and then live in the duplex and charge someone else for the other and basically live for free

[@SwiftTalk7]

House hack : small multi family

[@greaterishe7197]

My goal!

[@jsiiski]

Smart

[@dathoang2692]

it won't be enough to live rent free but it probably pay 70% of mortgage.

[@JRenee141]

This is basically what I'm doing. Lived at home with parents where I didn't have to pay rent and saved up enough for a 10% down-payment while building my credit. Planning on putting my offer in on a duplex tomorrow. The only bummer is that I'll have to move away from my job and where I currently live since duplexes just don't exist over here...but most of my family lives in the area of the duplex so it'll be okay. I ran the numbers and the income from 1 unit of the duplex should cover the mortgage...but probably not the full monthly payment including tax, insurance and what not which comes out to something like $200 not covered by tenants... still a great deal!

[@jaysoncarroll6420]

Going to tour a duplex tomorrow. I want this so bad for myself, hopefully the beginning of several others.

[@alexgrinage]

did you buy it or something else

[@marchdz6136]

Update us , how is it going ?

[@miasmith3222]

Update please

[@speedy4205]

Update

[@avaaa980]

update!

[@kamuelawilson265]

8:34 I see you swerving that call😂 smooth

[@tomashernandez6776]

Chandler just as a recommendation, can you do a video of your favorite books? whether they are about Real estate or not, I always see´em in the shelves at the background of your videos. I'm interested and I'm sure many others are, thanks for the amazing content

[@danmaynez9664]

What would your advice be for someone buying a duplex in a major city like LA or some other cities where its super expensive? Most duplexes in my are go for 350k< and rents around 1500 so i haven't found deals where it seems to cash flow well enough

[@nickh2053]

What do you think about to avoid PMI, put 20% down and then get a HELOC to pull your money back out? Is that pointless?

[@paolopalazzolo523]

Yo chandler was gonna buy the course at 99$ was waiting on some money but it’s 199$ now. Anyways great content!

[@ChandlerDavidSmith]

Shoot me a pm on insta. Maybe I can help out 👊🏻

[@ChandlerDavidSmith]

And thank you!

[@g0d77]

Same, didn't notice it went up already. Just noticed after your comment. Was curious beforehand if it would be getting added content as time goes by, as we all know... There is always new changes on better ways to do things as things change.

[@ezel909]

Thank you so much for your content. I cant wait for the moment I feel ready to pull the trigger on my first Duplex!! Much respect.

[@sianwhitney9765]

hey chandler, what are your thoughts on kicking out tenants already occupying the duplex youre trying to buy?

[@ChandlerDavidSmith]

I will typically raise rents if the market will allow it and that usually gets rid of tenants that aren’t ideal.

[@destinhook3826]

did you take his advice and did it work out for you?

[@shreygaming2333]

Why am i watching this, I'm only 14 lol

[@ChandlerDavidSmith]

Never too early!

[@michaelb.8953]

In four years you'll be old enough to buy your first property.

[@henrycollins2478]

Hey same

[@chriscarlisle8997]

If you save your money, pick up a job, and continue to learn about investing on real estate, you're gonna set yourself up for building wealth. Never too early bro! Wish I got interested in this stuff earlier

[@stevenroshni1228]

Depending on local minimum working age, you can work for somebody to gain experience. Three years experience and some down payment money, play around with the compound interest formula and you'll be glad you are watching this.

[@hustlindaddiy5194]

Would love to find a decent duplex in our area. Thanks for posting.

[@ChandlerDavidSmith]

Best of luck finding one!

[@Aloraxl]

You should do a deal break down video of washington state. All these investment videos I see are always people talking about these massive returns they have gotten on a sub 100k property. Lets use real numbers!

[@lucasadarve7300]

Bro your videos are amazing and very informative. Thanks for putting out dope content.

[@FearlessFee]

can you go through the app more thoroughly, and explain each area.

[@ChandlerDavidSmith]

Yes! I’ll do a video like this. I also have over an hour of explanation in my course on using the app and spreadsheet if you want to get it before the price jumps at the end of the week

[@pacificnwcarpenter5486]

With that app is the insurance and property tax the yearly payout?

[@ChandlerDavidSmith]

Yes!

[@MendandMake]

Where can you get a duplex for 95k? That’s like 400k or more in my neck of the woods( San Antonio)

[@thereelaccountant9246]

what do you suggest for someone with a family of four that doesn't want to move out of their home and into a duplex? I guess the only thing will be to save up enough money to put a 20% downpayment on a cheaper rental property with a conventional loan? If I understand correctly you have to live in the home to use the FHA low percentage of 3.5

[@andyewatsonaw]

Wow that is an impressive deal! Congratulations on finding that

[@ChandlerDavidSmith]

Thanks!

[@peterharris6223]

Question if duplex are hard to find because most people want them and a low barrier of entry, should I shoot for a 4 plex instead. Because maybe less people will be able to afford them and the barrier of entry is higher?

[@kathydemetillo300]

I found few properties but the agents are not replying with the costs of the expenses. I cannot see the cash on cash return if the numbers are incomplete. How do you guys look for the numbers.

[@destinhook3826]

So an FHA loan will allow you to buy a multi family if you live in it. How does it work if i want to move out and into another in a few years?

[@thestormlakefights]

Lots of good deals on Facebook marketplace for off market deals

[@ChandlerDavidSmith]

Love it!

[@twincherry4958]

Really?

[@mlongoria124]

Chandler "That being said" Smith

[@ChandlerDavidSmith]

😂😂😂

[@mlongoria124]

Haha love it man!

[@sshumkaer]

Chandler question, what if you want to invest the same way you do stocks. For example by and Hold. Does the number matter as much then? What if you had a 4 plex and just held it for 25 or 30 years and over that time period it paid you 300,000 to 500,000 dollars during its life time. Does it matter as much about buying a good deal if that if your stratgy? I just wondering because I have always wanted to invest in build a samll army of 4 plexes.

[@fernandovargas2484]

I am looking at a duplex property at 165k, my realtor told me Ill need around 10-13k towards down and closing? One section is being rented out by a section 8 tenant paying 680 currently and in May of 700. What are your thoughts on something like this... I am interested in maybe living in it the first year.

[@thebaguette2892]

Would you say a 11.5% coc return is decent still for a first duplex using an FHA loan Living in 1 side and renting out the other?

[@aldenho2561]

Bro this is awesome advice but like 15% C on C return with a 25% down your way is not really possible in phoenix AZ and the housing market here isnt even that expensive. What are your thoughts?

[@nealtse9125]

Is mortgage insurance worth paying just to get in earlier with a lower down payment?

[@Real.Estate.Report]

I think so! I only put 3% down on my first deal, had to pay mortgage insurance but it paid off down the road when I sold and walked away with $120k in profit

[@smoofwah3552]

I don't understand why you wouldn't want a 3.5% down house with 15% COC Isn't it the same proportionally?

[@ChandlerDavidSmith]

It is but it’s a very small amount of cash flow. 15% of $3500 is only 525 bucks. So 15% cash on cash return is slim and not much cashflow. You want more cash flow than that so you have some wiggle room

[@AnthonyDLinares]

Chandler David Smith so you’re saying that the cash flow of a 3.5% down loan will be significantly less than a 20% down loan ?

[@luisarrizon6707]

@@AnthonyDLinares no I think is a lower down payment as 3.5% you'll get a higher cash on cash return because is not a big amount of money and you'll get it pay faster than a 25% down payment.

[@tcmspirit]

Anthony Linares when you put a lot less for the down payment, you will cash flow less money, because your mortgage payment is higher as well you will pay PMI if under 20% down payment

[@AnthonyDLinares]

Evan Ponssa ahh i see thank you. but it will still be a lot less out of pocket compared to if you never rented out the other unit right

[@bradhaughton6698]

By any chance you keep a record of all these numbers so you don't get confused?

[@TylerGreenMusic]

What does the vacancy percentage mean that you put in on that app?

[@taylorwilliams5628]

you are the best my guy =)

[@AskTheExpertsWithAlka]

Amazing information duplex is what i'm going for

[@joshuawalker5044]

On the app, yearly maintenance is 12% of what?

[@bellebelleme]

Where do you live? In Chicago, you can’t get anything decent for under 150K.

[@clarkt9925]

Anyone with a duplex, how time consuming has it been? How many hours per month do you invest thinking or working on a property? How much per month does it make?

[@jenniferfriemann7530]

After 30 years we are finally selling our duplex in South St Paul…luckily my husband and his family are handy and could fix most any problem. We would get calls on holidays that their oven wasn’t working or drain clogged. Be prepared for the unexpected. Also, we’ve only had 1 renter that we had to evict, which was a horrible experience-do your background checks!!

[@giovanniescobar3178]

Where’s the best location to invest in real estate?

[@damis2372]

You only paid that much for insurance and property taxes? I been looking for a duplex and fourplex for my first investment and it’s almost impossible to find more than 10% cash in cash return. I live in Dallas.

[@dfmpdx]

What out there his numbers are a fantasy. Don’t get hyped about this example the chance to find something like this good with NO closing costs and ready for rent at that price is very slim in the single digits no matter where you live

[@50PlusLife]

Did I miss the 99.00 course deal already ? clicked on the card on the video and it says 199.00

[@ChandlerDavidSmith]

You did. But send me a ok on insta and I’ll see if I can help out. @chandlerdavidsmith

[@50PlusLife]

Chandler David Smith thanks!

[@Masko1992]

how much do you pay for home inspections?

[@scooter10421]

When will you offer this deal on your course again?

[@lhlapakjoao]

Great video!

[@ralphtarraf4003]

i found a property ready for rent for 120k in an area of 140k houses,in my country there is not too much duplexes rather all appartments anyway i got 21% cash on cash return 4% cap rate and a total return on invstment of 5.22% all of this while putting 12k downpayment but the mortgage is around 500 and in the area the rent is 300 to 400 max what should i do

[@brentmccmusic]

Just my two cents, but I’d either try to raise rents, sell it, or move into it. Negative cash flow rentals are never ideal. You should be able to rent it out per bedroom to maximize cash flow as well.

[@greydenpiechnickrealestate6928]

This is gold. Sad only 26k views

[@senmcquire]

Can I live in it and use my VA loan?

[@angelrodriguez6973]

Great Video

[@cindyz141]

Whats the app called?

[@Tagg25]

What’s the app called ?

[@realdavitgharibyan]

How to buy a 200 unit building?

[@saherbadal3313]

I love you and your car the c8 Corvette

[@ChandlerDavidSmith]

Thank you! 👊🏻

[@saherbadal3313]

@@ChandlerDavidSmith no thank you

[@tuueselemoe8370]

I wish we have duplex $95,000 here in anchorage Ak . Duplex cost $200,000 to $300,000 🤦‍♂️ here

[@marvondgeneral8736]

is it possible for u to be y mentor?

[@likes-yv3lj]

Cool

[@besnikkadriu3140]

18 Crystal St, Worcester, MA 01603 , Chandler what do you think about this massive 18 bedroom 6 bath ? Maybe you like it!

[@michaeltoney2277]

He has such a cute accent.

[@irshduck]

Lolz 90k Duplex - If only it was 2009 again. Me looking at this 350k Duplex :(

[@michelleculbert2983]

SAME

[@dfmpdx]

20% cash on cash return lmao that’s not in the real world only in the KZbin world

[@login801]

Daniel Figueroa the numbers are from his first rental which he says was 6 or 7 years ago, those numbers were very doable back then and even better now if he still owns it and has been raising rents. Although I agree it would be nice to see an updated video with current numbers!

[@DrRemorse]

everyone saying ; as i say in my course in the intro is a fake guru lol

[@KosherFinance]

Creep

[@BcottStudios]

I like 7:58

[@b_reynolds7403]

Literally was just on Zillow using your calculator to run some numbers ! Perfect

[@ChandlerDavidSmith]

Haha love it! Thanks so much!

[@TitleistGolf13]

Found it kinda hard to run accurate numbers as you don't have all of that info

[@austinpaine6782]

@RATED_HEX lowkey would be smart run the numbers for him and if interested he will go look for himself

[@joshuawalker5044]

If you're trying to grow your channel, take a look at graham stephan, and don't start the video with an ad for your course. Get people to trust and like you first, or it leaves a bit of a bad taste in the mouth.

[@dalton1824]

You can tell he knows about him. his first couple sentences sound just like how Graham words things haha.

[@CaseyBurnsInvesting]

Almost ready to hop on my 2nd property. The ride has been amazing.

[@ChandlerDavidSmith]

You are the man! Keep it up!

[@CaseyBurnsInvesting]

Chandler David Smith I’m just telling the universe what I want. I don’t know how it will deliver.

[@chrisdigiuseppe7717]

Good for you man! I am working toward #2 as well

[@connorthompson1789]

I’ve seen you commenting on like 100 different videos

[@mcalann]

How many properties are you up to now?

[@michaelsutton8783]

Hey Chandler, are there heavy repercussions for getting a loan to live in the duplex (FHA) but then don't live in it to take advantage of the low rate and cash flow? I'm a real estate noob and have been wondering this. Thanks!

[@tcmspirit]

If you get an owner occupied loan and don’t occupy it, that would be mortgage fraud, so yes heavy repercussions. Most times you have to live in the property 6-12 months before moving out of it

[@ChandlerDavidSmith]

Ya make sure you stay in it for the required year. Not worth the risk

[@ianscianablo8507]

@@tcmspirit Can you still stay in your own house and occupy one of the rooms in your FHA house? Do you have to change your address? If there for just 6 months?

[@lorenceman]

Your videos are awesome man. I’m a beginner with 3 SFH. A lot of the strategies I implemented I learned from your channel. Thank you again for these. Looking forward to the course. Do you touch on any Out of State strategies?

[@two15AQhdc3s]

Moment of silence for those 3.5% rates

[@seanlovesrealestate]

Thanks for this great guide! When would you suggest someone should invest in a duplex instead of going for something larger like a fourplex?

[@wardhively9594]

You have some great content man!!! I appreciate the insight! Only in 2020 is it possible for an average guy to learn how to invest in real estate from his own home. Wealth is more possible today than ever!

[@ChandlerDavidSmith]

It’s amazing what can be learned on this platform! So glad you like the videos!

[@awesomepumashoes]

I still don’t understand why you want to use a 25% down payment on the calculator. Wouldn’t you want to use the low and real down payment (maybe 5%) , so that you are not looking at artificially high monthly cash flow?

[@tyjameson7404]

Chandler’s calculator is amazing !! I’ve closed two deals since Chandler created his calculator!! It’s highly valued. Great review !! 👍🏼🙌🏼❤️👌

[@ChandlerDavidSmith]

Ty, Thanks so much! I’m so glad it’s been a useful tool for you

[@Ty2turnt]

Motivating me

[@TheBanditHunters]

Really looking forward to those courses bro🤙🏼 You are definitely one of the most elaborate and descriptive teachers out there, you're doing lots of good for many people.

[@ChandlerDavidSmith]

I really appreciate it! I tried to make the course even more descriptive and easier to understand. Let me know your thoughts once it releases!

[@joeh3803]

I think the COC return should also weigh in on what your expectations for the property is. I'm fine with a lower COC return in the 10% ballpark because I have a full time job plus I see the properties as future gifts to my children. So the properties pay for themselves while giving me some cash to play with and leave a legacy gift in the end. Hopefully lol

[@mdsaifuddinahmedatique4170]

How much time you can take FHA Loan? Like after 1st one, if you plan to shift your second one, can you again take 3.5% FHA Loan for your 2nd property and can you continue it again every year?

[@Michaelc136]

Hey Chandler, quick question, The way you frame this video seems like we should figure out what our criteria is, and generally the realtor does the work in terms of finding the deal. Is this so? If so then that would make the search project so much easier.

[@ChandlerDavidSmith]

Absolutely get a realtor involved. They work for free entirely until you close on the property, so definitely utilize them! Give them your criteria ahead of time so that they will only bring you deals that you’re comfortable purchasing

[@l3gendh3ro42]

I run the numbers on a couple of my girlfriends mother’s apartments and her numbers range from 50 to 500%!!! We live in Michigan and u can buy triplexs, quads, and duplex’s for under $80k all day in mint condition and easily rent them out for 600-900

[@KieferC]

Hey Chandler, maybe I'm blind... But where's the link to your calculator?

[@cdburnguy6199]

Great videos and solid advice Chandler. But the sample numbers in these videos always look like numbers from the 1980's to someone like me in California. I have a lot of fun talking cost of living as I travel across the US on business. It never fails to get people riled up one way or another.

[@ChandlerDavidSmith]

I always gravitate towards using numbers like $100,000 because it usually makes the math easier to walk people through. I completely understand though - markets like California aren’t comparable at all. I’ll start incorporating bigger numbers in the future!

[@theg35project50]

Immediately thinks about grant cardone DONT GET IN UNDER 16 UNITS

[@matthewmutepfa5693]

Hi Chandler, I need some advice(Can I DM you?) regarding rates, levies and taxes. I'm from Botswana

[@ChandlerDavidSmith]

Sure. Hit up my insta

[@bradhaughton6698]

It's so funny when you said lights out and then the the actual light went out

[@ChandlerDavidSmith]

Right!? 😂

[@darrennielson564]

Made a few offers, but cash buyers always beat me out. Frustrated!

[@ChandlerDavidSmith]

Keep trying!

[@yupyup2407]

Chandler great videos bro. I live in Cali i wish the prices of homes were that low but its hard to find 1. So the cours is not 99 any more😞 thanks keep making this great videos.

[@vinodjasty9260]

Whos giving a duplex for 95000 with 1200 rent , all the nubers are way off these days , i only see 👀 houses with .5 percent return on rents ..🧐

[@elliottarnone7312]

In the calculator example, the “taxes” section where you put in $1300, that was the yearly property taxes???

[@youngboyjr4748]

I’m 18 and looking to live in one side and rent out the other 😁

[@MatthewAC100]

Could you possibly post a link to your calculator I am having trouble finding it on my app store

[@brianbordenkircher52]

Some awesome ideas

[@philipbethel1550]

Thanks just checking on one now, interested channel

[@gtagaming2573]

The king of real estate investing

[@ChandlerDavidSmith]

Hahaha thank you!

[@tyrtle7081]

How do you figure making closing cost 0?

[@screamingwhitelady8234]

I get what you saying but then i don’t ☹️☹️

[@krystalmiller5003]

Call me slow but... If the lower the down payment I put down gives me greater COC return, I thought that was a good thing? If I’m putting down a 3.5% downpayment, wouldn’t it be more accurate if I just type in the 3.5% rather than 25%? Why wouldn’t I want to buy something at only 15% COC return if I put 3.5% down?

[@luisarrizon6707]

no I think is a lower down payment as 3.5% you'll get a higher cash on cash return because is not a big amount of money and you'll get it pay faster than a 25% down payment. (I tried the app with only 3.5% on my situation was 66%, and then I went with the 25% and was 14.7%)

[@smoofwah3552]

If feel like if youre aiming for an investment 66% growth on your money is better than 14.7% You could save a little more and put that 25% on your next property. 3.5% is owner occupied so you can't pop those out every day. 25% is what you'll realistically be putting down. Imo

[@KosherFinance]

Scammer

[@ianscianablo8507]

Confused. Am I supposed to actually put 25% down payment down or am I supposed to just "plug in those numbers."? I ask because I may want to do owner occupied deal house hack. I THINK that's just 31/2 % down. Right? Need more clarification please.

[@ChandlerDavidSmith]

Make sure the numbers work with 25% down. If they work with 25% down they will definitely work with 3 1/2% down but to get a 15% cash on cash return you want to have that show up with 25% down. Then at 3 1/2% down you will be well above that but if you’re dead on 15% cash on cash return with only 3 1/2% down then the deal is not good enough

[@ianscianablo8507]

@@ChandlerDavidSmith Thank you Chandler! I'll physically put 3 1/2% down if I do such a deal but "run the #s" as if it were 25% down!

[@shujayethossain6554]

Hi Chandler! Do you think it is a good idea to buy investments duplex houses in Buffalo, New York? I live in Brooklyn and Buffalo is 6-7 hours away from Brooklyn.

[@theredbaron057]

Great video, thank you. Nice color coordination on your books, too. I see what you did there.

[@bashby43]

On your calculator, If I cash out refi one house to downpayment on another, you say still run it with a 25 percent downpayment? Should I then do a 25 percent downpayment but add that amount onto the purchase price in the calculator so it correctly shows the monthly mortgage payment including extra monthly mortgage payment that I now have to pay on the other house?

[@CaliKidd1001]

Yea Started Off Horrible Talking About Pay $199 Going Up To $500 I Wouldn’t Pay This Gut NOTHING!!!! All The Info You Guys Need Is Online Or Don’t Be Afraid To Ask Someone Who Already Have Property For Free!!!!!