With the market seeming less than ideal these days, it can feel overwhelming to figure out your next moves. However, our guest today might just change your mind. With decades of experience in real estate, Andrew Syrios is here today to ease your mind and share much-needed advice on handling market volatility, raising private money, and house hacking in today’s market.
Tune in as Craig and Eric discuss the everpresent conflict of any real estate investor: do I jump in the housing market now or wait out the uncertainty? Andrew provides valuable insights as someone who’s been flipping houses during the infamous 2008 recession. He dives into the topic of benchmarking mortgages, short sales, Subject 2 deals, and knowing your buy box. If you’ve also wondered how realtors manage to find private lenders, Andrew lends us his step-by-step guide to getting started on all that!
Whether you’re a newbie to real estate investing or a long-time investor, this episode is full of expert advice from an investor and business owner who’s survived (and thrived) regardless of market conditions.
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Watch the episode here
Listen to the podcast here
Podcast Highlights:
[3:35] Andrew’s Unique Origin Story
[8:50] The Advantage of Student Housing
[10:40] Flipping During The ‘08 Recession
[13:00] Andrew’s Advice On The Market
[14:50] How Much Mortgage Is Too Much Mortgage?
[16:25] Why You Should Keep Your Eye on Short Sales
[19:10] Advice On Subject 2 Deals
[24:55] On Finding Private Lenders
[26:10] Why You Should Start With House Hacking
[31:00] Andrew’s Road To Kansas City
[36:15] Taking Advantage Of ANY Market Condition
[41:05] Knowing Your Buy Box
[43:40] Why Time In The Market > Timing The Market
[47:00] The Best Piece Of Advice
[53:10] Why You Should Add More Tools To Your Toolbox
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