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

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!

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[williamlackey]

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!!! 💜💪💯

[berwickperu]

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.

[superdavestudentrentals]

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!

[luvslogistics]

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.

[ryanshroyer]

The amount of value in this video is incredible! Thanks so much Chandler 💪🏽

[RagnarLothbrok]

Man, the treasure valley market is BRUTAL. Insane appreciation. Hard to cashflow. Love your material bro!

[bigxrecords]

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

[tcironbear]

Wow, tangible advice with no hyping and sales pitches. Just straight to the point.

[prestonstewart]

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.

[kendrickl]

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 👍

[BackwardsRLLIK]

You should make a video on shopping for a management company.

[carloslopez]

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 👍🏼

[upMETHOD]

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.

[NotFarFromGaming]

Im 23 with 1 single family rental, i plan on buying a duplex later this year!

[nathanielcradle-yourrichfriend]

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.

[fisofisoahlam]

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.👍

[gametimeracing]

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

[DiyDadFL]

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.

[CadenLeno]

Super motivational Chandler. I just locked up my first tenant in my first rental property. Looking forward to learning more from you!

[jghmolina]

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?