My Worst Investment Ever | 11 Unit Apartment Complex

Chandler explains his worst investment ever in this 11 unit apartment complex.

In this video Chandler shows you how this 11 unit apartment complex is the worst rental property he’s ever purchased. He goes on to explain how he will make it one of the best!

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[mikefeir]

Chandler: *barely says anything
Chandler: “so with ALL of that being said…”

[riotmakerzify]

Can you make a video about building relationships with local banks?

[sideshowamit]

300$ a month is pretty much free rent. Great video!

[maliliete]

No rush no reward! Love your mentality brother, you see the profits when buying not after the fact. Can’t wait to learn more and hopefully get multiple properties from your course.

[crystalmethshrimp]

Hey Chandler, been a subscriber for the past year and I find this to be The Best channel on real estate investing. I wanted to ask if you utilized the BRRRR strategy 100% of the time? I noticed in your other videos, you mentioned keeping the Reno to a minimum, floors, paint, fixtures (around $10k) but to my understanding for the BRRRR method to work you would need to spend significantly more to pull that 80% equity during the refinance. Could you explain or perhaps make a video about that? Would you mind also sharing what % of equity you anticipate to recover from this 11 unit property?

Canadians around Toronto and Vancouver have a passion for real estate and a tutorial video for Canadian investors buying property in the US would be greatly appreciated.

keep up the incredible work. You are changing lives my friend!!

[thepeopleschamp]

To make it a bit more clear, he's likely going to double everyone's rent. That alone is why I can't do what he does. See, when I think of tenants who've been somewhere for 15+ years, I'm pretty sure that a bunch are older folk, which means they're likely on fixed incomes. The possibility of them finding something elsewhere is nil. Maybe I'm overthinking it because I have a background working in human services with those types of people. When they had issues with food or not making rent, I was the person they'd come to see.

[garrettc]

I have a question about rent increases. Most states have a limit on how much you can increase a tenants rents per year. Can you explain this area in more detail?

[justincrookston]

I thought that commercial property was valued by how much income it produced! I’ve heard that multiple times before where the value of the property is based on what rents are at! So I’m just wondering why it was being sold for 1.1M if the rents were so low?

[JonathanSorunke]

Great video! I’ve noticed the bad deals usually work themselves out over time.

[RentalstoWealth]

Love the long-term strategy! The upside on this one is huge! Excited to see it play out.

[dhowto]

You did purchase what was initially a bad deal. Thanks for the explanation.

[freshnew]

Is it just me. All I heard in this video was that 11 family's whom are likely veteran's or elderly people have 30 days to figure out where to live. Wtf smh. This is a very delicate situation.
Going from $300 to $925-$950 a month with $100 off ...all in 30 days is ridiculous. Make those apartments $550 and keep it affordable. You'll have the same 11 tenants who've been there for years and kept the property in good condition. This is fucking unbelievable. All of you in the comments are inhumane. Yall really think those tenants have BMWs, Range Rovers, or an Benz staying there. THEY'RE NOT GETTING OVER, THEY'RE GETTING BY. No one in that AREA is going to spend that amount to live in that community.

[austinbrunz]

Why would you feel bad about raising rents rather than breaking even?
Business is business. Don’t feel bad for making money for offering a good for others at market value.

[WoodUCreate]

Hey Chandler. Can you share with us the letter that you use to formally announce the new rent rate? I’m in a somewhat similar situation and raising rents substantially and I want to do it in the most acceptable manner that makes people understand why I must raise it as much as I am. Thanks

[youtube]

Funny thing is, the listing agent sent out a mass email saying he sold the property, all cash, in 45 days due to his extensive marketing and 6 month market rental guarantee. Then, in the same email, said it was made possible with the help of the loan officer in Pocatello and the buyer agent, not mentioning names here. Guess it wasn't cash! Haha. Congrats, rents are continuing to go up. Appreciate ya!

[stevenanderson]

Hi I’m newer investor been investing in Realestate part time for about 6 years and have a portfolio of 5 houses and 1 commercial automotive property with 12 units total.
I Have a good deal 18unit apartment building well below ARV I’m looking at off market and need a private money lender to help with down payment and rehab. Any recommendations would be much appreciated.

[worldwideachievers]

Thanks for covering the numbers. The first video on this did have some great advice btw. Great video and awesome investment 👌👌👌👍👍👍

[matthewiversen]

No one moves rent like you man so awesome

[A_C]

Chandler how are you fairing with the eviction moratoriums. I was going to buy a duplex as my first home and rent out the other unit. Now I’m not so sure if that’s a good idea

[adaf]

I see your rich dad poor dad book back there