In this episode of the BiggerPockets Podcast, learn how to build an incredibly successful real estate business using the "IDEAL" system. Andrew and Phillip Syrios have built an incredible rental property business in just a few short years and today they'll share all their best tips so you can do the same. Discover the truth about property management, getting dirty, working with family, rentals, flips, and more! This episode is destined to become one of the most talked-about (and fun) episodes in BiggerPockets Podcast history!
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This Show Sponsored By:
We just wanted to give a shout out to our podcast sponsor on today’s show: B2R Finance. A new commercial lender offering loans specifically for rental investors. B2R Finance could help you unlock equity from existing properties so you can get cash out now.
Learn more by visiting: B2RFinance.com
In This Episode We Cover:
How Andrew and Phillip "get things done."
How the brothers started in REI
Flipping 200 houses... impossible?
How discipline has helped them buy properties
What "IDEAL" real estate investing is... and why it matters
The truth about depreciation
How to find the true value of properties
Tips for newbies on getting started
Working with private lenders to fund deals
The 4 pieces that need to work in order to have a good buy and hold investment
The most important things to know as a property manager
Running a family business
And SO much more.
Links from the Show:
BP Podcast 117: Maximizing Productivity to Get Things Done with David Allen
Buy & Hold Real Estate is the Ultimate Investment: Here’s Why (blog)
How to Buy a Small MultiFamily Property: A Step by Step Case Study
The BiggerPockets Book on Flipping Houses
BiggerPockets Forums
Books Mentioned in this Show
Getting Things Done: The Art of Stress-Free Productivity (revised edition) by David Allen
Brandon Turner’s The Book on Investing in Real Estate with No (and Low) Money Down
The Book on Estimating Rehab Costs by J. Scott
The Millionaire Real Estate Investor by Gary Keller
The Landlord's Survival Guide by Jeffrey Taylor
How to Win Friends & Influence People by Dale Carnegie
Great by Choice by Jim Collins
Good to Great by Jim Collins
Tweetable Topics:
"The number of houses you flip is not that much important, the main thing is how much money you made." (Tweet This!)
"Grow in a sustainable consistent manner than trying to get from here to there in a snap of a finger." (Tweet This!)
"Deferring gratification and being able to see the long run is what buy and hold is." (Tweet This!)
"Every property has some sort of value." (Tweet This!)
"If you hate working, then nothing’s going to work." (Tweet This!)
"You’re only as good as your management." (Tweet This!)