All Forum Posts by: Andrew Syrios

Well done Vince! What now is the second one.

Welcome to BiggerPockets Gabriela and good luck investing (and managing)!

Great job, congrats Cory!

Not a big fan of the Cincinnati market, but California is out of control both in terms of price and politically as it's gotten extremely anti-landlord. There's also no cash flow to be had. And while it's appreciation rates are better than many other places, with the major outflow of residents of late, I'm not sure it can keep pace. Here in KC, appreciation has been through the roof too. Maybe not quite as good but it also cash flows and the government hasn't lost its mind. So I guess I'll go with Cincy although I don't trust the Rust Belt.

The first one is the hardest. Congrats Teddy!

Welcome aboard Zach and good luck investing!

As for books, there are a lot of good ones on BP, particularly How to Invest in Real Estate by Brandon and Josh. Outside of BiggerPockets, The Millionaire Real Estate Investor is a classic.

Unless there's a cash flow issue (in which case the bank will usually drop the LTV so you can hit their DSCR requirements) I would try to borrow as much as you can reasonably do. You're just not going to beat the interest rates around these days. Cash flow is just the cherry on top.

You get wealthy in real estate through equity build up. That requires buying a number of properties and then riding the appreciation and principal paydown. You need them to not lose money but you really just need them to cash flow a little to 1) make the banks happy so they'll lend to you, 2) make sure you're not feeding the property so you can stay liquid and absorb a market downturn and 3) as mentioned before, the cherry on top.

Know that you're not getting much if any under market (and maybe a bit over market). Make sure to meet them in person, drive the area and walk the property. Stay out of bad areas when investing out of state! Ask for references and vet their property management and rehab branches. And don't be afraid to switch managers if they don't do well. 

Welcome to BiggerPockets Adam and best of luck investing!

Depends if you have somewhere to put that money you would pull out. As an active investor, I would think so which is why we usually go for the higher LTVs. But it depends on your goals.