Andrew Syrios
Why It’s Time to Move Beyond BRRRR
Back in April of this year, I saw a statistic I would have never believed possible. In Jackson County, Missouri where I live, the months of inventory on the market was a mere 0.6 months! This means for every 10 sales in April, only six properties remained on the market ...
With housing prices skyrocketing as they currently are, it’s understandable that most real estate investors are fixated on price appreciation as the benefit real estate investment has that far and away exceeds any other. If another benefit competes with price appreciation in the minds of most investors, it’s cashflow. Indeed, ...
The Eviction Tsunami That Won’t Be
As the federal eviction moratorium continued to linger, headline after headline screamed hysteria such as the following: “According to one study, as many as 40 million people in 17 million households risk eviction by the end of the year.” - The New York Times “Mass evictions are a looming threat ...
Think Realty Podcast #200 – Look Strong to Lenders
The first step into finding financing doesn’t always lead to hard money lenders. This episode dives into strategies to get your foot in the REI door. You will learn some surprising sources to fund your deals, how to put your best foot forward, and so much more! For more from ...
How Inflation Will Affect the Real Estate Market
Unless you have been living under a rock, you know that the Federal Reserve has printed an extraordinary amount of money over the last year. Something like 30 percent of all of the dollars in circulation were put there over the past 12 months. The authorities have clearly lost any ...
Think Realty Podcast #199 – Guiding Lights
What are some principals to follow when starting your real estate investing journey? This show outlines which lights will lead you on the right investment path. Plus, rental rate rules, property negotiations, due diligence, and when it makes sense to NOT be motivated. All that and more on this episode! ...
How to Buy Real Estate Out of State (If You Must)
Some places are so expensive these days that it’s all but impossible to find a rental property that will produce positive cash flow, particularly if you are buying with a loan. So it’s not surprising that many investors look out-of-state (and some out-of-country) to find rentals that will actually cash ...
How Real Estate Depreciation Can Help You Achieve Financial Freedom
Real estate prices might be skyrocketing across the country right now, but for whatever reason, the IRS believes they are falling. In fact, they have believed they are falling for a long time and at a very consistent rate. If you just bought your house today, in 27 and a ...
Should a landlord accept pets? And if so, which ones? Should there be any restrictions? Should landlords charge pet rent or a pet deposit? And if so, how much? Question 1: Should I Accept Pets? The answer to this question is Yes… most of the time. There are some 90 ...
Tips for Buying from Wholesalers
Wholesaling real estate has a mixed reputation among real estate professionals with some seeing it as a good way to get started in real estate and flip houses with little risk while others see it as something close to acting as a real estate agent without a license and doing ...
Leases are nice. Lease renewals are even nicer. Indeed, we have found that the biggest expense a property has tends to be turnover. In higher tax states, it might be property taxes. But where we are and for most, I expect, the biggest expense is the combination of fixing up ...
There are many plateaus real estate investors often reach as they build their businesses. And each can be difficult to climb out of. The first, of course, is to buy your first property. Then it may be to quit your day job and become a full-time investor. Ten properties is ...
Should Investors Focus More on Cashflow or Equity?
“Why not both?” might be your retort to this article’s title, and I would surely agree that a real estate investor should seek both cash flow and equity. There’s no reason to settle for just one or the other, of course. That being said, “focus” is the key word here; ...
How the Coronavirus Will Change the Real Estate Industry Going Forward
Now that the Biden Administration has lifted its mandate to wear masks in federal buildings and national parks (and recommended states do the same) for vaccinated individuals, we are starting to see a bit of light at the end of the tunnel for the collective Coronavirus nightmare that has affected ...
How to Find an Investment-Minded Real Estate Agent
There are many ways to find good deals. You can send out letters to potentially motivated sellers, build up an online presence with SEO marketing, scout FSBOs on Craigslist and other sites, network with wholesalers or become a real estate agent yourself and look through the MLS for potential deals ...
Can You Still Find Deals on the MLS?
The real estate market is really hot right now and has been for some time and finding good deals is not nearly as easy as it once was. Back around 2011, for us it was as simple as driving around and looking at one bank owned property after another. Nowadays, ...
Why Buy and Hold Is So Powerful
Anyone who has watched the real estate market of late (and by that, I mean the last decade) knows that owning real estate at any time since the crash of 2008 bottomed out was a great investment. And while real estate can certainly go down in value like any investment—as ...
Do You Need a Property Manager – Or Can You Do It Alone?
If you are looking to invest your money, investing in a real estate is the best investment around in my humble opinion. However, with great power comes great responsibility… or something like that. You will have to face several obstacles, most notably regarding property management, dealing with tenants, keeping the ...
Buying Portfolios: A Guide to Help You Build Your Real Estate Empire
So, you might already know your way around real estate and have picked up a property or two. And if that’s the pace you want to go at, there is absolutely no problem with that whatsoever. Not everyone needs nor wants to build an empire. But if you do want ...
A Brief Guide to Emergency Maintenance
Many people dread becoming a landlord due to the emergency maintenance calls they might receive late at night. They do not enter the business because they know they will have to deal with sewer backups, broken pipes, water leaks and the like at 2:00 am. Or worse, they worry such ...
The Best Way to Retain Tenants: Spoiler–It’s Good Maintenance
A new tenant might be impressed by all the bells and whistles of your newly furnished property, but after a while, that magic will wear off. A nice looking house is great for getting a property leased, but it is insufficient for keeping a property leased. The best way to ...
How to Find a Bank to Refinance Your Investment Property
Finding a bank that is ready to offer you financing at good rates is vital if you are trying to make it as a real estate investor. Obtaining good, long-term financing is something close to a law for real estate investment and financing. Getting Started It is very expensive to ...
One bad deal can cost you many more good ones in the future. Indeed, if bad enough, it has the capacity to break an investor’s future in real estate. This is why there are critical steps you need to take when purchasing a piece of real estate. And due diligence ...
Any real estate investor or property manager has heard a thousand times that the most important thing to do is to screen, screen and then screen some more. And it’s absolutely true. Not screening is a good way to put yourself out of business really fast. Indeed, I have heard ...
How to Resolve Tenant Disputes
Perhaps the worst part about managing rental properties is dealing with angry tenants. By its very nature, the relationship between landlords or property managers and tenants can be fraught with tension. No one likes paying their rent after all. And furthermore, if there are major maintenance issues, a maintenance issue ...
