All Forum Posts by: Andrew Syrios
Andrew Syrios has started 74 posts and replied 10137 times.
Post: $37 Out of Pocket 1st STR Deal!!!
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,504
- Votes 5,100
Congrats Wyatt!
Post: My first Brrrr investment.
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,504
- Votes 5,100
Welcome to BiggerPockets Dennis and best of luck investing!
Post: Tips for Finding a Contractor
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,504
- Votes 5,100
Go to your local REIA or Meetup and ask for referrals or see if there are any vendors there. I've also heard of people showing up at Home Depot at 6:00 am and see which contractors are there. They're the most dedicated so ask them if they're looking for more work. I haven't tried that one but I've heard it is effective. You can also just look on Angies List or Indeed and then try the person out. In those cases, I wuold definitely start them on a smaller project and not make the final payment until everything is done.
Post: Introduction from Guam
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,504
- Votes 5,100
Welcome to BP Michael!
Post: My first buy and hold.
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,504
- Votes 5,100
Great job! FHA on a triplex is basically the best way to get into real estate that exists. Congrats!
Post: New to real estate investing
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,504
- Votes 5,100
Welcome to BiggerPockets and best of luck investing!
Post: No inspection period
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,504
- Votes 5,100
The inspection period is a negotiable item. Generally it's 10 days but in this market, it's so hot that many buyers are waiving the inspection period which basically means the earnest money you put down is immediately "hard" and you would have to forfeit it if you walk. You could still make an offer with an inspection period but it will likely be rejected given what the agent said and the reality of this market.
Post: Hello for Northern Illinois!
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,504
- Votes 5,100
Welcome to BiggerPockets John and good luck investing!
Post: After Two Years, It Finally Arrived! BRRRR
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,504
- Votes 5,100
Nice!
Post: What if I cannot find an end buyer?
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,504
- Votes 5,100
If you can't find an end buyer you either need to renegotiate and lower the price/extend the close or lose your option and hand over the earnest money. You should be honest with the seller about what you're doing so they know it's not 100% that you'll be able to close. You'll lose some deals this way, but it will make it easier when if you can't close and it's just the right thing to do to be honest.