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All Forum Posts by: Andrew Syrios

Andrew Syrios has started 74 posts and replied 10135 times.

Post: Eager Newbie ready to invest!

Andrew Syrios
ModeratorPosted
  • Residential Real Estate Investor
  • Kansas City, MO
  • Posts 10,502
  • Votes 5,099

Welcome to BiggerPockets Mia!

Post: I failed because I was not persistent enough

Andrew Syrios
ModeratorPosted
  • Residential Real Estate Investor
  • Kansas City, MO
  • Posts 10,502
  • Votes 5,099

Everyone fails sometimes, and the failures you discuss are pretty small. I think you have a great attitude about it and have learned some good lessons. Good luck!

Post: Grandview MO House Value

Andrew Syrios
ModeratorPosted
  • Residential Real Estate Investor
  • Kansas City, MO
  • Posts 10,502
  • Votes 5,099

That's the Belvedere area of Grandview, which is fairly rough. I would say probably around $65,000 if it's in decent shape. Tough to know without seeing pictures and spending more time to comp it out. But that's probably a decent ballpark.

Post: The Hot Portland Market

Andrew Syrios
ModeratorPosted
  • Residential Real Estate Investor
  • Kansas City, MO
  • Posts 10,502
  • Votes 5,099

Personally, unless the real estate market nationwide tumbles (which is possible), I don't think Portland will go down much because demand is increasing as people continue to move up to Oregon from California (a trend I see no evidence of slowing down) and there isn't really a way to add infastructure like roads and highways in the city center. The suburbs will grow, but Oregonian cities generally have a densification policy. So I think in all liklihood, if the national economy remains stable, Portland housing will continue to appreciate.

Post: Greetings from Bellevue, NE!

Andrew Syrios
ModeratorPosted
  • Residential Real Estate Investor
  • Kansas City, MO
  • Posts 10,502
  • Votes 5,099

Welcome to BiggerPockets and good luck investing Ryan!

Post: OFF-MARKET 61-UNIT APARTMENTS IN KANSAS CITY METRO

Andrew Syrios
ModeratorPosted
  • Residential Real Estate Investor
  • Kansas City, MO
  • Posts 10,502
  • Votes 5,099

Hey Jim, I might be interested in that. Could you email me the NCA? Thanks

Post: New Investor-Kansas City

Andrew Syrios
ModeratorPosted
  • Residential Real Estate Investor
  • Kansas City, MO
  • Posts 10,502
  • Votes 5,099
Originally posted by @Kim Tucker:

quite a few years ago we rehabbed a house at 80th and Tracy and over a weeks time the neighbors worked very hard to steal the AC, they removed a bolt on the cage around it, one bolt at a time, they were down to the last bolt when we had the AC guy remove it and store it until the new owner purchased and placed a tenant.

Pretty much, you want to be West of Holmes - although between about 63rd to about 78th, between Paseo and Holmes is a bit better area.

The closer you get to 85th though the worse it gets. 

Then again I know several people here on BP that invest in that area, but it all depends on the street. Right @Andrew Syrios

 Yeah, I definitely prefer to be west of Holmes, but Kim is right. Between Holmes and Troost is OK and between Troost and Paseo in the high 60's and 70's is tolerable. Be careful there as there is more crime and the values are less so you can easily rehab out your equity. It's definitely a cash flow area and not one for appreciation. I wouldn't go east of Paseo unless you specialize in that kind of housing though.

Post: New Member Cleveland, Ohio

Andrew Syrios
ModeratorPosted
  • Residential Real Estate Investor
  • Kansas City, MO
  • Posts 10,502
  • Votes 5,099

Welcome to BiggerPockets Howard!

Post: Background Checks in Rentals

Andrew Syrios
ModeratorPosted
  • Residential Real Estate Investor
  • Kansas City, MO
  • Posts 10,502
  • Votes 5,099

The criteria varies from property management company to property management company and from apartment to apartment. Although, I will say, most don't accept people with recent felonies. The only way to know for sure is to call various PM companies and ask them as all their criteria will be somewhat different.

Post: My 12 year old bought his first house

Andrew Syrios
ModeratorPosted
  • Residential Real Estate Investor
  • Kansas City, MO
  • Posts 10,502
  • Votes 5,099

Get them started young, nice!