{"id":72689,"date":"2015-05-07T00:02:22","date_gmt":"2015-05-07T06:02:22","guid":{"rendered":"https:\/\/www.biggerpockets.com\/renewsblog\/?p=72689"},"modified":"2023-04-12T06:23:44","modified_gmt":"2023-04-12T12:23:44","slug":"2015-05-07-bp-podcast-121-the-ideal-real-estate-investing-with-andrew-and-phillip-syrios","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/2015-05-07-bp-podcast-121-the-ideal-real-estate-investing-with-andrew-and-phillip-syrios","title":{"rendered":"Creating the IDEAL Real Estate Investing Business with Andrew and Phillip Syrios"},"content":{"rendered":"<p>In this episode of the <a href=\"https:\/\/www.biggerpockets.com\/podcast\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Podcast<\/a>, learn how to build an incredibly successful real estate business using the &#8220;IDEAL&#8221; system. <strong>Andrew and Phillip Syrios<\/strong> have built an incredible rental property business in just a few short years and today they&#8217;ll share all their best tips so you can do the same. Discover the truth about property management, getting dirty, working with family, rentals, flips, and more! This episode is destined to become one of the most talked-about (and fun) episodes in BiggerPockets Podcast history!<\/p>\n<h2>Read the Transcript<\/h2>\n<p><a href=\"https:\/\/www.biggerpockets.com\/bpp121-andrew-philip-syrios-podcast-transcript-ideal-real-estate-investing-business\" target=\"_blank\">Click here<\/a> to read the transcript.<\/p>\n<h2>Listen to The Show on iTunes<\/h2>\n<p><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/biggerpockets-podcast-real\/id594419649\" target=\"_blank\" rel=\"noopener\">Click here<\/a>\u00a0to listen on iTunes.<\/p>\n<h2>Listen to the Podcast Here<\/h2>\n<p><iframe loading=\"lazy\" src=\"https:\/\/playlist.megaphone.fm?e=BIGPOC9587689482&amp;light=false\" width=\"100%\" height=\"200\" frameborder=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<h2>Watch the Podcast Here<\/h2>\n<p><iframe loading=\"lazy\" title=\"Creating the IDEAL Real Estate Investing Business with Andrew and Phillip Syrios | BP Podcast 121\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/cq1AptxYZgM?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2>Help Us Out!<\/h2>\n<p>Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found <a href=\"https:\/\/www.biggerpockets.com\/forums\/25\/topics\/161423-do-you-listen-to-the-bp-podcast\" target=\"_blank\" rel=\"noopener noreferrer\">here<\/a>. Thanks! We really appreciate it!<\/p>\n<h2>This Show Sponsored By:<\/h2>\n<p><a href=\"http:\/\/www.b2rfinance.com\/\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\" size-full wp-image-70089 alignright\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2015\/02\/b2rfinance-logo.jpg\" alt=\"b2rfinance-logo\" width=\"271\" height=\"53\" title=\"\"><\/a>We just wanted to give a shout out to our podcast sponsor on today\u2019s show: <strong>B2R Finance.\u00a0<\/strong>A new commercial lender offering loans specifically for rental investors. B2R Finance could help you unlock equity from existing properties so you can get cash out now.<\/p>\n<p>Learn more by visiting: <a href=\"http:\/\/www.b2rfinance.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">B2RFinance.com<\/a><\/p>\n<h2>In This Episode We Cover:<\/h2>\n<p><a href=\"https:\/\/www.biggerpockets.com\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-41804\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2013\/04\/BiggerPockets-Podcast-Cover-300-300.jpeg\" alt=\"BiggerPockets-Podcast-Cover 300 300\" width=\"150\" height=\"150\" title=\"\"><\/a><\/p>\n<ul>\n<li>How Andrew and Phillip &#8220;get things done.&#8221;<\/li>\n<li>How the brothers\u00a0started in REI<\/li>\n<li>Flipping 200 houses&#8230; impossible?<\/li>\n<li>How discipline has helped them buy\u00a0properties<\/li>\n<li>What &#8220;IDEAL&#8221; real estate investing is&#8230; and why it matters<\/li>\n<li>The truth about depreciation<\/li>\n<li>How to find the true value of properties<\/li>\n<li>Tips for newbies on getting started<\/li>\n<li>Working with private lenders to fund deals<\/li>\n<li>The 4 pieces that need to work in order to have a good buy and hold investment<\/li>\n<li>The most important things to know as a property manager<\/li>\n<li>Running a family business<\/li>\n<li>And SO much more.<\/li>\n<\/ul>\n<h2>Links from the Show:<\/h2>\n<ul>\n<li><a href=\"\/renewsblog\/2015\/04\/09\/bp-podcast-117maximizing-productivity-david-allen\/\" target=\"_blank\" rel=\"noopener noreferrer\">BP Podcast 117: Maximizing Productivity to Get Things Done with David Allen<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/blog\/buy-and-hold-vs-flip\" target=\"_blank\" rel=\"noopener noreferrer\">Buy &amp; Hold Real Estate is the Ultimate Investment: Here\u2019s Why (blog)<\/a><\/li>\n<li><a href=\"\/renewsblog\/2013\/04\/09\/how-to-buy-a-small-multifamily-property\/\" target=\"_blank\" rel=\"noopener noreferrer\">How to Buy a Small MultiFamily Property: A Step by Step Case Study<\/a><\/li>\n<li><a href=\"https:\/\/store.biggerpockets.com\/products\/the-book-on-flipping-houses\" target=\"_blank\" rel=\"noopener noreferrer\">The BiggerPockets Book on Flipping Houses<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/forums\/\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Forums<\/a><\/li>\n<\/ul>\n<h2>Books Mentioned in this Show<\/h2>\n<ul>\n<li><a href=\"http:\/\/amzn.to\/2amVk0h\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Getting Things Done: The Art of Stress-Free Productivity (revised edition)<\/em><\/a> by David Allen<\/li>\n<li>Brandon Turner\u2019s <em><a href=\"https:\/\/store.biggerpockets.com\/products\/investing-in-real-estate-with-no-and-low-money-down\" target=\"_blank\" rel=\"noopener noreferrer\">The Book on Investing in Real Estate with No (and Low) Money Down<\/a><\/em><\/li>\n<li><a href=\"http:\/\/amzn.to\/2a9HL9t\" target=\"_blank\" rel=\"noopener noreferrer\"><em>The Book on Estimating Rehab Costs<\/em><\/a> by J. Scott<\/li>\n<li><a href=\"http:\/\/amzn.to\/2aqefuU\" target=\"_blank\" rel=\"noopener noreferrer\"><em>The Millionaire Real Estate Investor<\/em><\/a> by Gary Keller<\/li>\n<li><a href=\"http:\/\/amzn.to\/2amUO2g\" target=\"_blank\" rel=\"noopener noreferrer\"><em>The Landlord&#8217;s Survival Guide<\/em><\/a> by Jeffrey Taylor<\/li>\n<li><a href=\"http:\/\/amzn.to\/2anVRT3\" target=\"_blank\" rel=\"noopener noreferrer\"><em>How to Win Friends &amp; Influence People<\/em><\/a> by Dale Carnegie<\/li>\n<li><em><a href=\"http:\/\/amzn.to\/2aqe1E3\" target=\"_blank\" rel=\"noopener noreferrer\">Great by Choice<\/a><\/em> by\u00a0Jim Collins<\/li>\n<li><a href=\"http:\/\/amzn.to\/2amCZXq\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Good to Great<\/em><\/a> by Jim Collins<\/li>\n<\/ul>\n<h2>Tweetable Topics:<\/h2>\n<ul>\n<li>&#8220;The number of houses you flip is not that much important, the main thing is how much money you made.&#8221; (<a href=\"https:\/\/twitter.com\/home?status=%22The%20number%20of%20houses%20you%20flip%20is%20not%20that%20much%20important,%20the%20main%20thing%20is%20how%20much%20money%20you%20made.%22%20%40BiggerPockets%20%20http:\/\/bit.ly\/1Png0CV\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<\/li>\n<li>&#8220;Grow in a sustainable consistent manner than trying to get from here to there in a snap of a finger.&#8221;\u00a0(<a href=\"https:\/\/twitter.com\/home?status=%22Grow%20in%20a%20sustainable%20consistent%20manner%20than%20trying%20to%20get%20from%20here%20to%20there%20in%20a%20snap%20of%20a%20finger.%22%20%40BiggerPockets%20%20http:\/\/bit.ly\/1Png0CV\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<\/li>\n<li>&#8220;Deferring gratification and being able to see the long run is what buy and hold is.&#8221; (<a href=\"https:\/\/twitter.com\/home?status=%22Deferring%20gratification%20and%20being%20able%20to%20see%20the%20long%20run%20is%20what%20buy%20and%20hold%20is.%22%20Podcast%20121%20%40BiggerPockets%20%20http:\/\/bit.ly\/1Png0CV\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<\/li>\n<li>&#8220;Every property has some sort of value.&#8221;\u00a0(<a href=\"https:\/\/twitter.com\/home?status=%22Every%20property%20has%20some%20sort%20of%20value.%22%20Podcast%20121%20%40BiggerPockets%20%20http:\/\/bit.ly\/1Png0CV\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<\/li>\n<li>&#8220;If you hate working, then nothing\u2019s going to work.&#8221;\u00a0(<a href=\"https:\/\/twitter.com\/home?status=%22If%20you%20hate%20working,%20then%20nothing%E2%80%99s%20going%20to%20work.%22%20Podcast%20121%20%40BiggerPockets%20%20http:\/\/bit.ly\/1Png0CV\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<\/li>\n<li>&#8220;You\u2019re only as good as your management.&#8221;\u00a0(<a href=\"https:\/\/twitter.com\/home?status=%22You%E2%80%99re%20only%20as%20good%20as%20your%20management.%22%20Podcast%20121%20%40BiggerPockets%20%20http:\/\/bit.ly\/1Png0CV\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<\/li>\n<li>&#8220;If you\u2019re the property manager, then you should be the good guy and always on their team.&#8221;\u00a0(<a href=\"https:\/\/twitter.com\/home?status=%22If%20you%E2%80%99re%20the%20property%20manager,then%20you%20should%20be%20the%20good%20guy%20and%20always%20on%20their%20team.%22%20Podcast%20121%20%40BiggerPockets%20%20http:\/\/bit.ly\/1Png0CV\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<\/li>\n<li>&#8220;Success builds on itself.&#8221;\u00a0(<a href=\"https:\/\/twitter.com\/home?status=%22Success%20builds%20on%20itself%22%20Podcast%20121%20%40BiggerPockets%20%20http:\/\/bit.ly\/1Png0CV\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<\/li>\n<\/ul>\n<h2>Connect with\u00a0Andrew<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.biggerpockets.com\/users\/Rios9000\" target=\"_blank\" rel=\"noopener noreferrer\">Andrew&#8217;s BiggerPockets Profile<\/a><\/li>\n<li><a href=\"http:\/\/stewardshipproperties.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Andrew&#8217;s\u00a0Real Estate Website<\/a><\/li>\n<\/ul>\n<h2>Connect with Phillip<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.biggerpockets.com\/users\/psyrios\" target=\"_blank\" rel=\"noopener noreferrer\">Phillip&#8217;s BiggerPockets Profile<\/a><\/li>\n<li><a href=\"https:\/\/www.youtube.com\/c\/phillipsyrios\" target=\"_blank\" rel=\"noopener noreferrer\">Phillip&#8217;s Youtube<\/a><\/li>\n<li><a href=\"https:\/\/www.twitter.com\/phillipsyrios\" target=\"_blank\" rel=\"noopener noreferrer\">Phillip&#8217;s Twitter<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>In this episode of the BiggerPockets Podcast, learn how to build an incredibly successful real estate business using the &#8220;IDEAL&#8221; system. Andrew and Phillip Syrios have built an incredible rental [&hellip;]<\/p>\n","protected":false},"author":17340,"featured_media":119235,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4565],"tags":[],"class_list":["post-72689","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-biggerpockets-podcast"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/72689","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/17340"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=72689"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/72689\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/119235"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=72689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=72689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=72689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}