Chandler and Garrett, experienced real estate investors, recently purchased a set of storage units and are excited to share their cash flow journey with you in a video. With Chandler owning $14 million and Garrett owning nearly $4 million worth of real estate, they discuss their strategies for analyzing the market and increasing rents before purchasing properties. In the video, they break down all the numbers related to cash flow from storage units and even offer a $50 discount on Chandler’s Real Estate Investing Course. They are also starting a podcast and ask for suggestions on the name, focusing on barbecue and business topics.
In the video, Chandler and Garrett take you to the storage units they acquired three months ago, showcasing their success in increasing rents. The gross rents have already risen from $8,715 to $11,565, with the potential to exceed $12,000. They share their research on market rents, financing details, and future plans for the property. Additionally, they have surpassed their goal of $50,000 in cash flow during a four-year period, adding significant value to their investments. They discuss their future plans, potential reserves, and ask viewers to like, subscribe, and comment on their video.
Introduction
In this video, Chandler Smith and his friend Garrett Myers share the details of their cash flow from the storage units they purchased three months ago. Chandler, an experienced real estate investor, currently owns $14 million worth of real estate, while Garrett owns nearly $4 million worth. Together, they discuss the process of analyzing the market to determine potential rent increases before purchasing the property. They also talk about financing, rent increases, and provide a breakdown of all the numbers related to cash flow from the storage units.
Chandler’s Real Estate Portfolio
Chandler Smith has been investing in real estate for the past eight years, accumulating a portfolio worth $14 million. His expertise in the industry has allowed him to grow his investments and build a successful career in real estate. Similarly, Garrett Myers, Chandler’s friend, owns nearly $4 million worth of real estate. Together, they are a formidable team with a wealth of knowledge and experience in the real estate investment market.
Chandler and Garrett’s Storage Units Investment
Chandler and Garrett purchased 73 storage units three months ago with the goal of increasing rents and maximizing their cash flow. They have successfully increased rents in a short amount of time, with smaller units experiencing a 25% increase and others seeing a 10-15% increase. The gross rents have gone up from $8,715 to $11,565, and even have the potential to exceed $12,000. Additionally, they have rented out other units, adding to their overall income potential. With careful research on market rents in the area, Chandler and Garrett are confident in their ability to continue raising rents and maximizing their cash flow.
Analysis of the Market for Rent Increases
Analyzing the market is a crucial step in determining the potential for rent increases before purchasing a property. Chandler and Garrett did their due diligence and researched market rents in the area before acquiring the storage units. This in-depth analysis gave them the confidence to proceed with the purchase and provided insight into the potential for increasing rents in the future.
Financing and Rent Increases
The property was financed through seller financing, allowing Chandler and Garrett to make a lower down payment and secure an interest-only loan for four years. This favorable financing arrangement has contributed to their ability to achieve significant cash flow. With expenses being low and the potential to receive some money back during refinancing, Chandler and Garrett are well on their way to surpassing their goal of $50,000 in cash flow over a four-year period. They have successfully added value to their investments without using their own money for financing, further enhancing their returns.
Cash Flow Breakdown
The cash flow from the storage units can be broken down into several components. The increase in gross rent, along with the additional income from rented-out units, has significantly contributed to the overall cash flow. Chandler and Garrett have projected a potential gross rent of over $12,000, with the potential to reach $13,000-$14,000 with the addition of the vacant unit. They also ensure that they set aside money for reserves to cover any unforeseen expenses. As for the allocation of the cash flow, Chandler and Garrett are still determining the best use for the funds but are considering reinvesting or diversifying their investments.
Chandler’s Real Estate Investing Course Discount
Chandler is offering a $50 discount on his Real Estate Investing Course, providing a valuable opportunity for individuals interested in learning from his expertise. The course covers essential topics and provides insights into building passive income and preparing for future home ownership. With the discount code “50OFF,” interested individuals can access this valuable resource at a reduced price.
Job Opportunity for Door-to-Door Sales
Chandler is also offering a job opportunity for door-to-door sales. This position provides individuals with a chance to work closely with Chandler and gain experience in sales and real estate. The job description and requirements are detailed on Chandler’s website, and interested individuals can find the contact information there as well.
One-on-One Mentorship Offer
For those interested in real estate investing, Chandler is offering one-on-one mentorship opportunities. This personalized mentorship program allows individuals to learn directly from Chandler, benefiting from his years of experience and expertise in the industry. More information about the mentorship program can be found on Chandler’s website.
Chandler’s Other Real Estate Videos and Topics
In addition to the cash flow breakdown of the storage units, Chandler has other informative videos on investing in real estate, building passive income, and preparing for future home ownership. These videos cover a wide range of topics and provide valuable insights into real estate investing. Chandler’s website also features his real estate portfolio, showcasing his successful deals.
Conclusion
Chandler and Garrett’s success with their storage units investment is a testament to their knowledge and experience in real estate. They have managed to increase their cash flow in a short amount of time and are confident in their ability to continue raising rents. Chandler’s Real Estate Investing Course, job opportunity for door-to-door sales, and one-on-one mentorship offer provide additional avenues for individuals to learn from and work with Chandler. With their upcoming podcast, Chandler and Garrett are excited to engage with their audience and provide valuable insights on barbecue and business topics. They encourage viewers to like, subscribe, and comment on their videos and welcome suggestions for the podcast name.