All Forum Posts by: Andrew Syrios
Andrew Syrios has started 74 posts and replied 10135 times.
Post: Hello From Oshkosh, WI
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
Welcome to BP Charlie and good luck investing!
Post: Thoughts on my first owner-finance offer?
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
Originally posted by @Victoria Townsend:
Looks like quite a few people are commenting on making sure about property location since average rent is $475/month, so I figured I would post up the area.
I've attached an image of the 3 duplex locations below:
Owner mentioned he hasn't raised rents in years and that there is opportunity to do so.
Zip codes are 64123, 64124, and 64125. They're all 2/1 duplexes.
Would love anyone's follow-up thoughts :)
That area is pretty rough. You can make it work, but I would be very cautious, particularly if you aren't experienced with lower end rentals. It's got pretty high crime and the schools aren't very good. You can get a lot of demographic info about zip codes and even subdivisions at CLRSearch.com and City-data.com and I'd recommend checking those out. But generally, I would be very cautious about that area.
Post: Starting Young In Real Estate: Hi My Name Is Nathan
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
Starting young is the way to go. Welcome aboard Nathan and best of luck!
Post: Alex Henderson Fort Myers, Florida
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
Welcome aboard Alex!
Post: New Member from Sacramento, California
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
Welcome to BiggerPockets Lorayne and best of luck investing!
Post: Thoughts on my first owner-finance offer?
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
Sellers won't give really high LTV seller financing unless you've built a lot of rapport and they trust you (unless they're extremely motivated).
Post: Thoughts on my first owner-finance offer?
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
I can't tell you whether it's a good deal unless I know the condition, location and size of the units. Most owners would want a larger downpayment, but if you can get it for only $10,000 down, that's great. Some owners will definitely do that, especially if they're motivated. But I would feel him out and see if that sounds like something he would be interested in.
Post: new from jacksonville florida
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
Welcome aboard Rene!
Post: New Member from Boca Raton, FL
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
Welcome to BiggerPockets and good luck investing Ken!
Post: Tools for finding the best schools in an area
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
City-data.com and Neighborhoodscout.com both have school ratings. And you can always ask around, people will definitely tell you about that.