All Forum Posts by: Andrew Syrios
Andrew Syrios has started 74 posts and replied 10135 times.
Post: New investor in Atlanta, GA
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
Welcome to BiggerPockets Maggie!
Post: Kansas City vs Chicago
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
Originally posted by @Bart H.:
Originally posted by @Andrew Syrios:
I think the biggest difference is simply that Kansas City is smaller and generally less expensive, which would make it a better cash flow market. But Chicago probably has better prospects for appreciation.
Does Chicago really have better prospects for appreciation? Chicago has a TERRIBLE credit rating, Chicago and Illinosi have incredibly high taxes, there is a mass exodus of people from the state. It has an anti landlord leasing rules, and an incredibly high violent crime rate.
I am from Illinois originally, I just see a lot of decay along with a terribly corrupt political system and wonder if Chicago/Illinois isn't the next failing city/state.
You very well might be right. Generally, such large urban areas that don't fall under "flyover country" have a higher appreciation potential. But Chicago has been struggling of late. I haven't looked into to closely, but it may be both more expensive and riskier.
Post: Hi! Noob from Silicon Valley (SF Bay Area)
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
Welcome to BiggerPockets Dave!
Post: What are your buy and hold criteria?
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
Our main criteria are:
- 75% market value
- Cash flows even with a 100% LTV 8% interest only loan on it (aiming for $100/month at least)
- Decent area (doesn't need to be great, but not a warzone)
Post: Kansas City vs Chicago
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
I think the biggest difference is simply that Kansas City is smaller and generally less expensive, which would make it a better cash flow market. But Chicago probably has better prospects for appreciation.
Post: Investor from Miami, FL - SFH
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
Welcome to BiggerPockets Fernando!
Post: Semi-experienced investor, new to BP and loving it!! Newark Ohio
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
Welcome aboard Erik!
Post: New to BP and the Charlotte area, looking for a mobile home park!
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
Welcome to BP Scott and best of luck investing!
Post: New Member from Pomona, California
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
Welcome to BiggerPockets Joel!
Post: What do you do when you are 100% rented?
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
If you have no vacancies, I don't see a need to advertise (unless you have been given a notice that someone is moving out). But, if you might want to consider raising your rents going forward.