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!
In This Episode We Cover:How Andrew and Phillip “get things done.”How the brothers started in REIFlipping 200 houses… impossible?How discipline has helped them buy propertiesWhat “IDEAL” real estate investing is… and why it mattersThe truth about depreciationHow to find the true value of propertiesTips for newbies on getting startedWorking with private lenders to fund dealsThe 4 pieces that need to work in order to have a good buy and hold investmentThe most important things to know as a property managerRunning a family businessAnd SO much more.Links from the Show:BP Podcast 117: Maximizing Productivity to Get Things Done with David AllenBuy & Hold Real Estate is the Ultimate Investment: Here’s Why (blog)How to Buy a Small MultiFamily Property: A Step by Step Case StudyThe BiggerPockets Book on Flipping HousesBiggerPockets ForumsBooks Mentioned in this ShowGetting Things Done: The Art of Stress-Free Productivity (revised edition) by David AllenBrandon Turner’s The Book on Investing in Real Estate with No (and Low) Money DownThe Book on Estimating Rehab Costs by J. ScottThe Millionaire Real Estate Investor by Gary KellerThe Landlord’s Survival Guide by Jeffrey TaylorHow to Win Friends & Influence People by Dale CarnegieGreat by Choice by Jim CollinsGood to Great by Jim CollinsTweetable 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!)“If you’re the property manager, then you should be the good guy and always on their team.” (Tweet This!)“Success builds on itself.” (Tweet This!)Connect with AndrewAndrew’s BiggerPockets ProfileAndrew’s Real Estate WebsiteConnect with PhillipPhillip’s BiggerPockets ProfilePhillip’s YoutubePhillip’s Twitter