cover of episode 140: The Riches Are in the Niches (Like Student Housing) with Bill Syrios

140: The Riches Are in the Niches (Like Student Housing) with Bill Syrios

Publish Date: 2015/9/17
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BiggerPockets Real Estate Podcast
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Shownotes Transcript

    <p>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!</p><p>In This Episode We Cover:</p><ul>
  • 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

    Books Mentioned in this Show

    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

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