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

<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&nbsp;Bill Syrios, an investor from Oregon who specializes in the incredibly lucrative field of&nbsp;student housing&nbsp;(as well as numerous other niches!). You’ll learn how he transformed an early real estate setback into a business that&nbsp;owns hundreds of properties&nbsp;in multiple states!</p><p>In This Episode We Cover:</p><ul><li>Times when the Syrios family&nbsp;has been on the&nbsp;BP Podcast!</li><li>How Bill&nbsp;got started&nbsp;in investing</li><li>What the interest rates were like in&nbsp;1980</li><li>What kept him going despite&nbsp;market crashes and failures</li><li>How to treat&nbsp;your real estate investing as a&nbsp;business</li><li>The importance of becoming an expert in a&nbsp;niche&nbsp;market</li><li>How he got&nbsp;started investing in&nbsp;student housing</li><li>The&nbsp;pros and cons&nbsp;of student housing</li><li>Tips for handling&nbsp;student&nbsp;turnover</li><li>What you should know about finding a&nbsp;property manager&nbsp;for these properties</li><li>What&nbsp;Loan Care Services&nbsp;is</li><li>How to deal with&nbsp;difficult&nbsp;rental situations</li><li>Important&nbsp;legal restrictions&nbsp;for campus properties</li><li>The details on a 48-unit&nbsp;fraternity house renovation</li><li>Bill’s&nbsp;current&nbsp;portfolio&nbsp;and the states he invests in</li><li>The concept of&nbsp;giving over ownership</li><li>And SO much more!</li></ul><p>Links from the Show</p><ul><li><a href="http://biggerpockets.com/meet" target="_blank">BiggerPockets Meet</a></li><li><a href="http://biggerpockets.com/forums" target="_blank">BiggerPockets Forums</a></li><li><a href="https://www.biggerpockets.com/blog/2015/05/07/bp-podcast-121-the-ideal-real-estate-investing-with-andrew-and-phillip-syrios/" target="_blank">BP Podcast 121: Creating the IDEAL Real Estate Investing Business with Andrew and Ph