All Forum Posts by: Andrew Syrios
Andrew Syrios has started 74 posts and replied 10135 times.
Post: Newbie from Wilmington Delaware
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
Welcome to BiggerPockets Ricky and good luck investing!
Post: Seller Demanding Specific Performance
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
Are you past the inspection period? They can only demand performance if you're past that date. I would scope the sewer line and see if there is a break. If so, I would retrade off of that.
Post: Appraisal much higher than Purchase. What would you do?
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
I really doubt you'll be able to get a HELOC above your first loan. Before the crash banks might do that, but now, I doubt it. Do you have a bank that has made such an offer? If not, I would go ahead and do the upgrades then refinance then.
Post: Been listening for a year, time to jump in and post!
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
No experience in the Waikiki area, but welcome and good luck investing!
Post: Newly Licensed in Denver
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
Welcome to BiggerPockets Dustin and good luck investing!
Post: April 2017: Kansas City (MO) Pulse Check
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
Originally posted by :
I was very late to KC you guys were right on time and very bright to move from Willamette valley there.. at first I thought KC was like a Memphis or something.. I did not realize that KC is the jewel of that part of the world.. and I had NO idea the money there and the mansions and all the other stuff.
I have been funding many deals by Cerner for about 3 years now.. probably 200 plus.. driven through it many times and other areas of KC>.
Honestly, I think we got here about 2 years after I wish we had, but I can't complain. It has been very a good market!
Post: Brand new from Davenport, FL!
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
Happy Birthday Ben and best of luck investing!
Post: BRRR- Appreciation or Cash flow more important?
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
Long term, appreciation (and principal paydown) are more important IMO. But short term, you need the cash flow, especially if you don't have a lot of cash reserves.
Post: April 2017: Kansas City (MO) Pulse Check
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
No problem, and that would definitely be an area I would recommend looking into.
Post: April 2017: Kansas City (MO) Pulse Check
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
Originally posted by @Rohan J.:
Great post Andrew - always appreciate hearing your thoughts.
Do you have any properties near Bannister Mall, and if Yes, how's vacancy issues?
Yeah we have quite a few. Vacancy rates aren't bad, although those properties take a bit longer to rent and qualify tenants for than say in Grandview. Overall, right now, it's a good cash flow rental area, but I think with the Cerner development, it also has a big appreciation upside potential, making it a double whammy.