All Forum Posts by: Andrew Syrios
Andrew Syrios has started 74 posts and replied 10135 times.
Post: Just moved to Ottawa
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
Welcome aboard Siarhei!
Post: New member located in Texas
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
Welcome to BP Ron and best of luck investing!
Post: New to the Boston Area
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
Welcome to Biggerpockets Matt and good luck investing!
Post: How old is too old for a buy and hold strategy?
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
It's certainly worth looking at, but there are some older houses that have been kept up great, and we're more than willing to look at those. The big thing is you just have to be aware that rehab and maintenance costs will often be higher. Dealing with things like galvanized pipes, knob and tube wiring, asbestos ceilings, lath and plaster, etc. can all be pretty expensive.
Post: New member from Queens, NY.
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
Welcome to BP Linwood and best of luck!
Post: New Member Beginner
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
Welcome to BiggerPockets Maria and good luck investing!
Post: What CAP rate do you look for in a Mobile Home Park?
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
It depends on a whole host of factors, as the area and quality will effect the cap rate greatly, so we would need more info on this one.
Post: New Member from Fairfield County, CT
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
Welcome to BP Christian and best of luck investing!
Post: New member looking to move to Minneapolis
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
Hi Brock, welcome aboard and best of luck investing!
Post: Kansas City neighborhoods: 66102 and 64127
- Residential Real Estate Investor
- Kansas City, MO
- Posts 10,502
- Votes 5,099
They're both pretty rough areas, particularly 64127. They have pretty high crime rates, a lot of vacant and rundown properties and the like. There are good tenants there, but there are a lot more that won't be able to pay rent or pass a background check. And the rents usually aren't high enough to cover the added expenses unless you specialize in that area. Especially for someone investing from out of state, I would look to a nicer area.