All Forum Posts by: Andrew Syrios
Andrew Syrios has started 74 posts and replied 10137 times.
Post: Newbie in Baltimore County Maryland
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,504
- Votes 5,100
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 10,504
- Votes 5,100
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.
Post: New to Real Estate investing in North Central Washington State
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,504
- Votes 5,100
Welcome to BiggerPockets Joe and good luck investing!
Post: New Member from Knoxville, TN
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,504
- Votes 5,100
Welcome aboard Phillip!
Post: Newbie in Baltimore County Maryland
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,504
- Votes 5,100
Welcome to BiggerPockets Monica!
Post: Kitchen Cabinets - Keep, Piant or Replace?
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,504
- Votes 5,100
It would definitely depend on the price point and condition of the cabinets. But as an extremely crude and vulgar rule of thumb, I would lean toward painting them on rentals and replacing them on flips.
Post: No question, but I accidentally got a full time job.
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,504
- Votes 5,100
One thing about life is you never know where the opportunities will come from, you just got to be ready to take them. Successful people often have a lot of "accidents" which are really just jumping at opportunities that become available from being proactive.
Post: New BP Member from Louisiana
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,504
- Votes 5,100
Welcome to BiggerPockets Derrick and best of luck investing!
Post: What am I missing? 6-plex deal
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,504
- Votes 5,100
A lot of small towns have rather inexpensive properties, particularly in the midwest. Are there any other apartments that have sold recently to compare it to? And do your expenses factor in debt service? Also, does the previous owner have an operating history. That would be helpful to look at. It very well could be a good deal, but I would want to get some more information on it.
Post: How identify the "war zone(s)" within the city?
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,504
- Votes 5,100
Check the crime stats, per capita income and property values at sites like CLRSearch.com. Drive the neighborhoods to see if there are lots of boarded up, vacant or burnt properties, how much pride of ownership there is and the general condition. And ask around. Those are probably the best ways to figure out where the proverbial war zones are.