Chandler Bing, one of the main characters in the popular 90s sitcom Friends, is revealed throughout the show’s 10 seasons to be a successful real estate investor. Although Chandler’s day job is as a statistical analyst and data processor, he secretly amasses an impressive property portfolio in New York City through wise investments. His keen business sense and shrewd decisions allow him to become a profitable landlord and property owner.
Chandler’s First Investment Property Purchase
Chandler’s foray into real estate begins when he purchases his first property – the girls’ apartment across the hall. When the apartment becomes available, Chandler sees its investment potential and convinces Joey to go in with him on the deal. This turns out to be a smart decision, as they’re able to rent it out at a profit while retaining control over their eccentric neighbor Mr. Heckles downstairs.
Chandler’s Portfolio Grows with More NYC Apartments
Buoyed by the success of his first investment, Chandler continues to add to his real estate portfolio over the years. He purchases properties all over New York City, mostly studio and one-bedroom apartments, which he rents out. Chandler is able to spot good deals and negotiate favorable terms, allowing his assets to steadily appreciate.
Leveraging Equity to Buy More Property
As Chandler’s net worth grows through his rentals, he leverages the equity to obtain loans and finance new purchases. By tapping into his existing properties’ value, he is able to scale up his portfolio faster. Chandler also demonstrates a willingness to take calculated risks, entering new neighborhoods and real estate markets.
Chandler’s savvy investments in New York City real estate pay off over the long run, making him one of the most financially successful friends.