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All Forum Posts by: Andrew Syrios

Andrew Syrios has started 74 posts and replied 10033 times.

Post: My first flip that I did in the Scranton PA Area

Andrew Syrios
ModeratorPosted
  • Residential Real Estate Investor
  • Kansas City, MO
  • Posts 10,387
  • Votes 5,044

Congrats Abraham, great job!

Post: New multi family investor

Andrew Syrios
ModeratorPosted
  • Residential Real Estate Investor
  • Kansas City, MO
  • Posts 10,387
  • Votes 5,044

Welcome to BiggerPockets Frank and good luck investing!

Post: Is it a Buyer's Market in your niche/town?

Andrew Syrios
ModeratorPosted
  • Residential Real Estate Investor
  • Kansas City, MO
  • Posts 10,387
  • Votes 5,044
Quote from @Jay Hinrichs:
Quote from @Morgan Leiviska:

I'm in western washington, seattle/tacoma. we are getting a lot more "price improvements" here and less waived contingencies.


I love the term price improvement  :)  rural W Wa I suspect is buyers market but in some of those town the lack of inventory keeps things moving. 

Portland suburbs still flight seller advantage.. Portland metro is a buyers advantage given the social issues that the city allowed to take hold.. 

 One thing we all need to keep in mind is we're not long removed from the most absurd sellers market (mid 2020 through mid 2022) in American history, so we may have a skewed view of what a buyer's and seller's market actually are. 

Post: New to real estate

Andrew Syrios
ModeratorPosted
  • Residential Real Estate Investor
  • Kansas City, MO
  • Posts 10,387
  • Votes 5,044

Welcome to BiggerPockets David!

Post: ANY BRRRR MEET UPS Houston Tx?

Andrew Syrios
ModeratorPosted
  • Residential Real Estate Investor
  • Kansas City, MO
  • Posts 10,387
  • Votes 5,044

Almost every major town has a Real Estate Investor Association that is worth attending and usually have a lot of BRRRR investors there. Here's the website for Houston's REIA: https://reiahouston.com/

Post: Why Aren’t More Investors Building Instead of Buying?

Andrew Syrios
ModeratorPosted
  • Residential Real Estate Investor
  • Kansas City, MO
  • Posts 10,387
  • Votes 5,044

Development is more expensive and requires more knowledge, time and energy than a simple rehab (not a gut job mind you). Furthermore, it can be intimidating to take on. That being said, I'm definitely seeing more investors go into development. And build to rent, which was very rare a while back has become quite common. 

The housing shortage has really pushed this trend along I think. 

Post: Is it a Buyer's Market in your niche/town?

Andrew Syrios
ModeratorPosted
  • Residential Real Estate Investor
  • Kansas City, MO
  • Posts 10,387
  • Votes 5,044

We're selling a few properties and they seem to go under contract rather quickly but the resolutions have been brutal and nitpicky to an extreme degree and the buyers have also been stubborn as can be so I would lean toward buyers market. 

Post: Newbie to this world

Andrew Syrios
ModeratorPosted
  • Residential Real Estate Investor
  • Kansas City, MO
  • Posts 10,387
  • Votes 5,044

Welcome aboard Raul and good luck investing!

Post: Considering Buying Deeded Parking Spots

Andrew Syrios
ModeratorPosted
  • Residential Real Estate Investor
  • Kansas City, MO
  • Posts 10,387
  • Votes 5,044

I've heard of buying parking garages and the like or renting spots, never really seen it discussed buying individual spots. I would assume there's a resale market of some sort, but I doubt it's very active. So if you do buy I would probably not expect much value in the sale and simply do it if it has good, consistent cash flow. I would also dabble and not go all in. But again, I'm not very familiar with buying/selling individual parking spots. 

Post: New to investing

Andrew Syrios
ModeratorPosted
  • Residential Real Estate Investor
  • Kansas City, MO
  • Posts 10,387
  • Votes 5,044

Welcome to BiggerPockets Josh and good luck investing!