All Forum Posts by: Andrew Syrios
Andrew Syrios has started 74 posts and replied 10135 times.
Post: New Member - New Real Estate Journey!
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
Welcome aboard Jon!
Post: New member from outside the US
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
Welcome to BiggerPockets Herbert and best of luck investing!
Post: Negotiation advice selling rental
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
Personally, I would hold my ground. If they came to an agreement and then backed out (even if they didn't sign) that's really slimy. If the buyer wants the home, they should cave. If not, I'm not sure they would have fulfilled their end of the bargain anyways given how they've behaved to this point.
Post: Long Distance Beginner Question
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
A few of the factors to look for are 1) relatively low crime, 2) population growth, 3) decent schools for the most part, 4) diversified industry base.
It would definitely be worth picking up @David Greene's book on long distance investing too: https://www.amazon.com/Long-Di...
Post: New to BiggerPockets and Real Estate
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
Welcome aboard Adrian and best of luck investing!
Post: New to BiggerPockets
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
Welcome to BiggerPockets Isabel!
Post: Hello, New real estate investor.
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
Welcome to BiggerPockets Joshua!
Post: Blueprint To Scale Single Family Housing
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
Quote from @Philip L.:
Quote from @Andrew Syrios:
I would humbly recommend reading two articles I wrote for BP on scaling a real estate company, which applies to SFR (as that's what we focus on predominantly):
https://www.biggerpockets.com/...
https://www.biggerpockets.com/...
These are great articles Andrew
Thanks Philip, I'm glad you found them helpful!
Post: Out-of-State vs. In-State
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
Quote from @Ryan Montbleau:
Quote from @Andrew Syrios:
All things being equal, it's a lot easier and less risky to invest in state than out. But if you're in a really expensive market like LA or NY where cash flow is all but impossible on anything but larger multifamily, then it might be worth going out of state. But I would always lean toward in state investing.
Hi Andrew,
Thank you! Boston is quite expensive, but nearby (1 hour) OOS markets seem to have more attractive investment properties with higher cash flow, lower prices, etc. particularly when it comes to multifamily homes.
Thanks!
When I think out of state, I think of the Midwest or West coasts where states are quite a ways from each other. If it's only an hour drive, that's very different and I would be much more open to that sort of thing.
Post: What is a reasonable commission split?
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
Yeah, I think 3/1 (or 75%/25%) or thereabout is fair.