All Forum Posts by: Eric Schultz
Eric Schultz has started 5 posts and replied 264 times.
Post: Any insight on Palm Springs market? Looking into a flip deal.

Eric SchultzPosted
- Investor
- San Diego, CA
- Posts 265
- Votes 305
Carlos Cristiani
Palm Springs has a unique fluctuation in population each year. The snowbirds leave by April / May and don’t return until Oct / Nov. Trying to fix & flip in the summer months could be challenging with the heat as there is less economic activity. Check comps for # of days on the market even as far back as this time last year. Plan on extra hold time or you may experience a reduced sale price.
I would presume the condo complex has a pool? This is almost an expectation in the desert.
Post: Vinyl Plank Flooring

Eric SchultzPosted
- Investor
- San Diego, CA
- Posts 265
- Votes 305
Stephen DiNanno
Good flooring choice for a rental. Go with a local floor & tile supplier. Floating is definitely a cleaner and quicker install.
Post: Invest with Leverage or no leverage for rental income

Eric SchultzPosted
- Investor
- San Diego, CA
- Posts 265
- Votes 305
Vic Hartounian
It all depends on what pace you wish to build up your rental portfolio. With smart leverage, you can acquire more units sooner, which should translate to higher positive cashflow.
Post: Fully Furnished Rental With Cash Flow

Eric SchultzPosted
- Investor
- San Diego, CA
- Posts 265
- Votes 305
Stephen Husted
Is this a corporate rental with an appreciation play?
Post: Question: Cash Flow or Appreciation?

Eric SchultzPosted
- Investor
- San Diego, CA
- Posts 265
- Votes 305
Michael Thurston
Even if the property only appreciates 1% per year on average, this is still an additional 5% ROI with 20% down payment (5:1 leverage).
Post: Furthest you have ever bought an investment property?

Eric SchultzPosted
- Investor
- San Diego, CA
- Posts 265
- Votes 305
Cameron Riley
Coffee farm parcels. Long long term hold.
Post: Furthest you have ever bought an investment property?

Eric SchultzPosted
- Investor
- San Diego, CA
- Posts 265
- Votes 305
San Diego to Boquete, Panama will be my longest distance investment at 3,680 miles this year.
Post: Negative cashflow on Rental Property .

Eric SchultzPosted
- Investor
- San Diego, CA
- Posts 265
- Votes 305
Vinh Huynh
I’m sure you knew going into this investment that it was not a cash flowing property. Back in 2009-2013, you may have had much better numbers.
For what it is worth, your income property ROI calculation with 25% down may look something like this then:
-4% cashflow + 12% (3% at 4:1 leveraged) market appreciation + 5% tax savings & benefits + 4% loan paydown by tenant + 3% inflation-profiting / debt erosion = 20% ROI
It still beats an S&P 500 index fund right now, and the stock market is doing considerably well. There should still be some real estate market appreciation that lags the current stock market performance by a few months.
Post: 15yr or 30 yr?? But big delta in interest rates...

Eric SchultzPosted
- Investor
- San Diego, CA
- Posts 265
- Votes 305
Alexander Cabrera
If you are trying to create a lifestyle in which your passive income covers your expenses on a monthly basis, I would stick with the 30-year fixed.
Equity buried in a property has zero return.
Post: What to do with a slum lord across the street from you

Eric SchultzPosted
- Investor
- San Diego, CA
- Posts 265
- Votes 305
Jim Morris
Does this landlord know who you are?
If not, call them up to find out if there is a vacancy and ask to see it as a prospective tenant. Get some intel on the interior conditions. Find a partner and make an offer. Maybe they would be interested in seller financing and work out some win-win terms.