15 Unit Apartment Complex Breakdown (how much $$$ I will make)
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- čas přidán 24. 06. 2024
- Chandler Smith has officially closed on his 15 plex and is now ready to break it all down for you on his spreadsheet to show how much he is making in cash flow, appreciation and principal pay down. This is real estate investing at its greatest. PLUS, he tells you his plans on how to instantly gain equity in this property by $700,000!
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I just bought an 8 plex with 20% down, 25 yr amor, and a 4% int rate. 🤑
thats really good!
Wow! Nice!
Is the interest rate fixed?
@@InvestorCenter I believe so but please do your own research
@@InvestorCenter
For 5 years and then adjusts.
Starts at 8:16. You're Welcome.
Thanks
Thank you
Thank you🙏🏾
Appreciate it
Jesus thank you. I was like “did I click on the wrong video?” Lmao
Amazing Chandler, I've gotten so much motivation from you. Also, there is so much value here. By bringing us along with you we can truly understand the importance of all the concepts you're talking about. Thank you! 🙏🏻
Can wait till I’m making these big deals 🙏🏾
The fact that you’re watching this type of video means you’re on the right track. Keep working at it and you’ll be there before you know it.
“Most people overestimate what they can do in 1 year and underestimate what they can do in 10”
@@MattTheMortgageGuy thank Matt!
Just the thought of it brings me so much satisfaction. I’m always like “I want to be at that point right now!!,” After watching videos like these. You’re in the right steps and all it takes is for you to take action. I started to take action two months ago and, now, I’m building a brand new multifamily property in a great location that gives me very good results. Can’t wait for 1 year down the line when I can sell that property and buy two more and rinse and repeat until I hit the 15 plex +. I’m combining my investment with infinite banking and velocity banking to maximize cashflow for my next investment. It will be epic.
@@MandoCabrera niceeee thank you mando
Yes, you can wait
Congrats on the new units. I'm glad you made it big in real estate before making it big on CZcams! That means a lot to me as a beginner investor!
Chandler - you inspired my husband and I to make our first real estate purchase. We’re in escrow on a 4-plex. I always talk about you now on Facebook. Thank you for all your hard work on You Tube.
How’s the 4plex doing now?
@@cjohnson24 GREAT - still averaging $1500/mo Net after average repairs. We have two units that are renting $600 EACH below market value still.
@@cjohnson24 we also rented out our previous primary home last year, which nets $800 per month. We hope to sell this year after these market gains. It’s a 1970’s home and not worth the upkeep. Hopefully we can use the next profit on that to invest in another 4plex.
@@Apsaramain that is awesome!!
@@cjohnson24 thank you!! Yes, super grateful. Thank you for asking - I love sharing my story, I hope to share my knowledge so that others can win at this life game too!
This was one of the best ones you have made. The calculator is great too! Makes it easier to play with the numbers and see the impact a rent increase can have on your return.
So awesome man! Thanks for the awesome content!
Chandler this was a great video! You make this stuff very approachable and easy to follow. It's so satisfying as a newb to see principles put into action, with numbers to back it up. Really drives home the points that us beginners spend so much time studying. Congrats on this deal!
Super motivating video! Thank you, Chandler!!
Thank you for sharing this, extremely helpful!
It was the best breakdown i have ever seen . Keep it up thank
killing it, I feel your passion and I will be following!
Incredible information, thank you so much for sharing Chandler!!
Thanks for sharing all the numbers! Keep the real estate investing videos coming!
This the best video on youtube. You explained everything so simple🚀🚀
Thank you Chandler for your tips and advice videos
Thank you for helping people and teaching numbers to create a future for our kids..thank you and God bless you...
I just bought your course a few days ago 😁. Looking forward to learn more about real estate and investing in a second property. Keep those videos coming!!!
That was a great breakdown. Thanks for sharing it
Love the videos Chandler, keep it up dude
New to the channel. This is my new favorite CZcams channel.
Yes he’s always bringing value
Thank you for breaking down the numbers! Congratulations on a great deal!
Loved this video. You make it make sense to invest in real estate.
Congrats man we bought a 8 in March for 489 got all 8 renod finished last unit 3 weeks ago , doing refi now appraised at 1.1$ 🤣🤣👍🏼👍🏼 love it and it’s a owner financed deal and he wants to do more!
Way to work that deal Chandler!
It’s crazy that I pay 5k a year for insurance on one triplex in Louisiana. And I shopped for the best rates. Flood and hazard insurance suck! Lol
Great video, keep up the good content
I found your channel from the stradman and I love it!
Great work CDS!!
Great deal! That financing is insane! Would love to see this same video applied to your storage units! I'm looking at investing in storage units in the next 6 months, the numbers see almost too good to be true!
Hi Chandelier, would love to see a follow up on this 15 units. Thank you - great content
Another amazing video from my favorite real estate CZcamsr 😎
Great motivational content.
Cheers from Canada 🇨🇦 🍁
Valued Add is very strong strategy. Takes a skilled eye to spot a value add. Also important to take note commercial deals are valued based on rents. Increases Rents = Increased Equity.
NEW SUBSCRIBER 👍
Thanks 👊🏻
I live in the Bay area, for a 2 bed, 1 bth, 2 car G, we pay the least $2100 for older properties. Go to SF, $3200+🤦♂️
That shit out in cali is wild
Pay all that money to live in a place turned into a literal toilet for mentally ill and drug addicts.
Pass.
CHANDLER GREAT WORK WELL DONE!
Thank you so much ❤️
Amazing video brother ☺️
Killer deal!!! Congrats man!
Currently saving up for a down and reno costs for our first rental property. We are out in Payette. Glad to see someone from Idaho.
So inspiring🙌🏾
😂 my man called it a 15-plex, loved the video man!
..and a 32Plex?! I guess the nomenclature isn't as important as making that money money money! ;)
And over time rents will go up and at some point you can also refinance to pull cash back out and leverage that property to buy more properties without having to sell it. Great deal man! I do know of a nation wide commercial lender that will do 30 year fixed. I have never put more than 15% down on any property. Less down increases your cash on cash return, leaving more funds to invest in more deals.
Would you mind sharing the name of the nation wide commercial lender that will do 30 year fixed? We are looking to explore 15+ units & hopefully be able to find a good deal and great financing would tremendously help in starting that! Thanks
I can't wait for the day when I close my first investment property
Same
🙌🏾
One day, one day, I too shall do the same. Nice job Chandler!
Keep the hustle going 👏🏾👏🏾
Really putting me on game at 28. I appreciate this page
Hey chandler love the content
Congrats on new property! We are looking for 5-20 plex.Suggestions where serch other than loopnet or D4D. Thanks!
Thanks for sharing the details. Now I know why your first video was a little vague.
This deal is similar to my last but I only picked up 8 units. I'm always shooting for about $500/door cashflow after PITI.
$500/door is fantastic!
@@twincherry4958 thanks! It's just a quick way I evaluate a deal. Does not account for my expenses like maintenance and cap ex but with most of our units renovated shortly after purchase... Those costs are minimal.
Love the video , this deal is crazy it’s a cash cow ! 🐮
Wow big money moves 👏🏻👏🏻
Great Video! Crazy that your property taxes are that low. I was looking at a $1.25 million property and property taxes on it were over $30k
Miami is like that alsob😅 crazy amounts.
How does one even profit if property taxes are that high? I feel like the amount your profit is very minimal to non ?
When I saw that 18.04% CoCR, I knew Chandler made the greatest deal of his career! At first I was skeptical about the $1100/m rents for all units (literally doubling the rent) but when he said his 32-plex is right next to it... well what more date can you ask for to back up your claims?! lol... Amazing job, I know the feeling of a great real estate deal and I can tell you're excited!!!
Can we get an update on this property?
Chandler, how can we look for off market apartment complexes?
Or, can you make a video on how you found this deal? Thank you.
Great stocks and I just bought in on them, but I'm interested in making short term profit, let say turn a $150K to $500k in 6months, I'd appreciate tips on how what stocks to buy to make this much profit.
@Samanthwalter Archie That sounds great and how do i connect with her ?
@Samanthwalter Archie Okay i just found her website and left a message for her. thanks.
150k-500k in 6 months seems a bit ambitious, but best of luck to you! Honestly real-estate is probably your best bet, but you may want to adjust your goal to be more realistic (i.e. in 5 years I want $xx.xx amount of cash flow from my investments)
@@skillen8or those guys are scammers commenting to help attract new victims, who does 300% percent returns in 6 months lol
@@skillen8or He’s a scammer. Used other accounts to comment on the post recommending a “stock guru” but it’s just a scam
Love it!
Thanks!
This is an example of the "takes money to make money" saying.
Yup
Start small and work your way up
But it doesn't have to be YOUR money. You could use other people's money to fund the purchase, do the updates to increase the value, refinance it and pay back those investors and then have a cash flowing property with 0 money invested.
This guy is why rents are unaffordable
How did you package the repairs list and present to seller to get them to agree so successfully?
Hi there - thanks for the vid, I appreciate it. I'm sorry if I missed it but which Lender gave you 3.750% on this transaction? I'm learning and preparing to purchase something myself. Please advise
$2287 for insurance!!! Wow that's incredible! I have to pay over 3k for a 3 bedroom house in Alberta.
Super solid breakdown Chandler.. but what is the cost to get these units ready to rent for $1100? You zero'd out the rent ready tab but it sounds like there are some improvements needed to bump the rents to those levels. Not trying to nit-pick, but just want to understand if I missed something (I'm looking to do a VERY similar deal in my area... and it costs as much as $25k/door to get them to a place where you can bump rents by that much)
Didn’t he say the previous owner payed for all the fixes
Awesome video, my wife and I are in the Boise valley and toying with the idea of looking for our first income property to purchase. How do you search for apartment building for sale, any specific sites or local realtors?
Thank u god bless u
Nice deal and underwriting Chandler
Great video, do you have a video on how you raise rents?
His Property managers do it. I would recommend getting a property management company to do it .
Did you ever make the follow up video for this one?
Such a legend
Is it possible to get that spreadsheet for the calculations?
Do you refinance your properties to increase your portfolio, or do you value add, renovate, get rents to just below market rate to sell and then 1031?
Great info brother! Love the content! I learn something.
I have a quick question man. How can you get the owner info from a certain property? I want buy some complexes but don't know how to to contact owner. When I call the complexes and ask for the owner . They rub me off and say they can give me that info. The deals I get are from brokers but they don't send me good ones cause I'm new to the MF game.
I use your app personally, great job for making it for us investors !!!!!!
Same !
Is the app available for ios? What is it called?
@@MandoCabrera CDS rental calculator
The Handa Show ty!
Wow you got an amazing deal with a 3.7% locked in for 10 year for a commercial mortgage. Amazing 👍
Thank u for sharing this video... how can i have a copy of your excel computations?
How much money do you need to start investing and flipping properties
Amazing. Could have gotten owner financing avoiding banks?
Start from here 8:14 to Avoid Back story.😎
Hi Chandler-would you consider building a six unit apartment out of rental house that is now zoning for multizone.
Where do you find the down payment?
Interesting
What are some good loan companies that'll give you funds for Building multi family apartments? I want to get started but I’m stuck on that part. Thank you
How did you negotiate a lower down deposit? Is that the decision of the credit union?
I never heard somebody negotiating that
What percentage do you normally pay in origination fees?
Great negotiation skills allow you to build in value to the transaction.
How can we download your spreadsheet?
What is the name of the lender you use?
My question is how did you get them to give anything back for damage on a property you bid on?
This has probably been asked before but have you been on biggerpockets? I feel like this deal alone should put you on their podcast.
Not gonna lie. At first I was like blah blah blah. But then as I painfully stuck thru the end. Realized your a numbers guy. And it began making better sense. Gotta see if you do this with subto or lease options.
Guys what's the best place to find 10 plexes and up?
If I join your coaching will I be able to shoot questions to you??
Where do you own the apartments?
can someone link me the update video? Can't find it
Landing one deal like this is enough to retire off of!
Landing one deal like this gives you $700,000 in equity that you can pull out to land more deals to be retired only working less than a few hours every week to constantly land new similar deals to retire extremely comfortably haha
easily could retire just off the cash flow alone, but not with 10 super cars and a huge mortgage lol.
@@stevenwolf2647 Of course - a "normal" retirement is what I was referring to lol
What is your mortgage payment?
any updates on this deal? Was he successful at raising the rents?
Yesterday just closed on my biggest deal yet. 50 unit building 25% down interest rate is fixed for 5 years at 3.5 percent. Upper C class area 14 cash on cash and we are expecting 2-3 percent yearly appreciation at worst.
Dope where'd you find it? And asking price?
Who's here before Chandler hit 100k subs?
Who’s your Credit union?