121: Creating the IDEAL Real Estate Investing Business with Andrew and Phillip Syrios | Bigger Pockets Podcast

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 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!)

“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 Andrew

Andrew’s BiggerPockets Profile

Andrew’s Real Estate Website

Connect with Phillip

Phillip’s BiggerPockets Profile

Phillip’s Youtube

Phillip’s Twitter

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