140: The Riches Are in the Niches (Like Student Housing) with Bill Syrios | Bigger Pockets Podcast
Real estate investing is a BIG field, and there are hundreds of ways to build wealth. However, according to our guest today, the riches are in the niches! On today’s show we sit down with Bill Syrios, an investor from Oregon who specializes in the incredibly lucrative field of student housing (as well as numerous other niches!). You’ll learn how he transformed an early real estate setback into a business that owns hundreds of properties in multiple states!
In This Episode We Cover:
Times when the Syrios family has been on the BP Podcast!
How Bill got started in investing
What the interest rates were like in 1980
What kept him going despite market crashes and failures
How to treat your real estate investing as a business
The importance of becoming an expert in a niche market
How he got started investing in student housing
The pros and cons of student housing
Tips for handling student turnover
What you should know about finding a property manager for these properties
What Loan Care Services is
How to deal with difficult rental situations
Important legal restrictions for campus properties
The details on a 48-unit fraternity house renovation
Bill’s current portfolio and the states he invests in
The concept of giving over ownership
And SO much more!
Links from the Show
BiggerPockets Meet
BiggerPockets Forums
BP Podcast 121: Creating the IDEAL Real Estate Investing Business with Andrew and Phillip Syrios
Ultimate Beginner’s Guide to Real Estate Investing
Airbnb
BRRRR Strategy
BP Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan
Books Mentioned in this Show
The Everything Landlording Book: An All-in-one Guide To Property Management by Judy Tremore
Good to Great by Jim Collins
Built to Last by Jim Collins
7 Habits of Highly Effective People by Stephen R. Covey
The 8th Habit by Stephen R. Covey
First Things First by Stephen R. Covey
The Millionaire Real Estate Investor by Gary Keller
The ONE Thing by Gary Keller and Jay Papasan
The Black Swan by Nassim Nicholas Taleb
Outliers: The Story of Success by Malcom Gladwell
The Tipping Point by Malcolm Gladwell
What Got You Here Won’t Get You There by Marshall Goldsmith
Triggers: Creating Behavior That Lasts by Marshall Goldsmith
Profit by Investing in Student Housing by Michael Zaransky
Smart Essentials For College Rentals by Dan Gooder Richard
Tweetable Topics:
“Even if you only own one property from day one, you treat it as a business.” (Tweet This!)
“Every business, every niche has an obstacle.” (Tweet This!)
“That’s where real estate investing starts—it starts with a great deal.” (Tweet This!)
Connect with Bill
Bill’s BiggerPockets Profile
Bill’s son, Andrew’s BP Blog (He’s the writer!)
Bill’s Company Website: StewardshipProperties.com
Another Niche Website: StewardshipCapital
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