All Forum Posts by: Andrew Syrios
Andrew Syrios has started 74 posts and replied 10135 times.
Post: Just Closed My First Deal!
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
Congrats Michael! That's certainly a great rent-to-cost.
Post: Rookie From Kansas City, MO
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
Welcome to BiggerPockets and the KC market Nate!
Post: Kansas City Real Estate Market Update
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
Geez that is a huge jump!
Post: NEWBIE FROM PENNSYLAVANIA
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
Welcome to BiggerPockets Paul!
Post: Wholesaling properties in a VERY hot market
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
In hot markets it's easy to find buyers but harder to find sellers. In cold markets it's harder to find buyers but easy to find sellers. Almost every market has an advantage and disadvantage. So I think wholesaling can certainly work in this market.
Post: Building buyers list
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
MAREI, the local real estate association is definitely the best place to start.
Post: Newbie from NJ (North/Central)
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
Welcome to BiggerPockets Jon and good luck investing!
Post: AirBNB Rental Business
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
I have a friend who specializes in renting properties out on AirBnb and makes a lot of money. A couple of points I would definitely look into first though:
1) How does the city government look at short term rentals
2) Are you buying in a building or neighborhood with an HOA and what are their rules about it (spoiler: they're usually not a fan)
3) Are you buying in an area that people staying short term will stay much. In other words, is it a good place for motels and hotels.
It's also more labor intensive (more cleanings and phone calls to take), but it can be very profitable.
Post: Newbie in Baltimore County Maryland
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
Originally posted by @Odie Ayaga:
Welcome @Monica Young! If I could make one suggestion only it would be to listen to every single podcast as quickly as you can. Every book I'd recommend to you I probably got from there. They provide a varied look at so many different ways to invest in real estate and best of all a lot of the guests are available right here for you to reach out to if their episode piques your interest! Case in point @Andrew Syrios above who was kind enough to say hi above and is also on one of my top five favorite podcasts linked in his signature! Happy listening Monica!
Thank you for the kind words Odie, I'm glad to hear you enjoyed our podcast!
Post: New purchase- who gets rent
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
It can be whatever is negotiated, but the usually the rent is pro-rated. So basically the seller would receive 7/31 of the rent and you would receive 24/31 of it (assuming it closes in a month with 31 days) that would be distributed at closing.