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All Forum Posts by: Andrew Syrios

Andrew Syrios has started 74 posts and replied 10021 times.

Post: Where to Get Market Cap Rate Info?

Andrew Syrios
ModeratorPosted
  • Residential Real Estate Investor
  • Kansas City, MO
  • Posts 10,375
  • Votes 5,038

I think some of the more advanced (and expensive) options for Loopnet and CoStar have information like that.

Post: First Deal for $5k!

Andrew Syrios
ModeratorPosted
  • Residential Real Estate Investor
  • Kansas City, MO
  • Posts 10,375
  • Votes 5,038

Congratulations and best of luck!

Post: Listsource troubles

Andrew Syrios
ModeratorPosted
  • Residential Real Estate Investor
  • Kansas City, MO
  • Posts 10,375
  • Votes 5,038

If you can get the lists of foreclosures (sometimes called notices of default or appointments) from the county directly, that is the best source. I've used DataQuick before and I think they are alright, but I generally think the data from listbrokers is going to have a lot of mediocre leads mixed in.

Post: Finished room in basement & bathroom

Andrew Syrios
ModeratorPosted
  • Residential Real Estate Investor
  • Kansas City, MO
  • Posts 10,375
  • Votes 5,038

Generally speaking, yes, but the bedroom needs to have an egress window so there are two ways to get out in case of a fire.

Post: Resolving problems with quick turnarounds

Andrew Syrios
ModeratorPosted
  • Residential Real Estate Investor
  • Kansas City, MO
  • Posts 10,375
  • Votes 5,038

@Kyle Hipp

I will have to check the law in Missouri and Kansas because I have not heard of that. But it would be a good bargaining chip if there is such a law here. Thanks for the heads up.

Post: Financing advice

Andrew Syrios
ModeratorPosted
  • Residential Real Estate Investor
  • Kansas City, MO
  • Posts 10,375
  • Votes 5,038

As a real estate investor, I always lean toward more, so I would go with the lower down payment (at least if the properties should still have positive cash flow, if not it's probably not worth buying). But it really depends on whether you want to be an active, full time investor or invest on the side.

Post: Finding the bad apples...

Andrew Syrios
ModeratorPosted
  • Residential Real Estate Investor
  • Kansas City, MO
  • Posts 10,375
  • Votes 5,038

You could try using Google Earth. Or you can get the list of dangerous buildings or code violations from the city.

Post: BIG NEWS at BiggerPockets: Local Networking Just Got Easier!

Andrew Syrios
ModeratorPosted
  • Residential Real Estate Investor
  • Kansas City, MO
  • Posts 10,375
  • Votes 5,038

Looks like a great new feature, keep up the good work!

Post: New member in Kansas City

Andrew Syrios
ModeratorPosted
  • Residential Real Estate Investor
  • Kansas City, MO
  • Posts 10,375
  • Votes 5,038

As a fellow Kansas Cityian, welcome! I've found the single families here to be very lucrative, there just aren't as many apartments as some other cities and many of the apartments are in areas I have no interest in.

Post: Student rentals... The real deal

Andrew Syrios
ModeratorPosted
  • Residential Real Estate Investor
  • Kansas City, MO
  • Posts 10,375
  • Votes 5,038

It all comes down to the individual market, some are being overbuild right now, such as Oregon, Kansas and Missouri, at least from what I can gather. Generally, smaller schools and commuter colleges don't work for student rentals either.But they can be a gold mine when you can rent out each house or apartment by the room. As long as you can handle the inevitable train of spoiled brats you'll have to deal with.