All Forum Posts by: Eric Gerakos

Ofir, everything happens when it’s supposed to. Best of luck in your investing.

Quote from @S. Lamont:

Thank you for your feedback Eric. If my risk aversion resides primarily with the down payment amount, are you saying its wiser to just wait and save more money for a more expensive (and nicer) property? Alternatively I have RSUs I could leverage which would significantly boost the DP amount. Realistically I could increase the amount to 300k without burden. I just became a bit enamored with properties in the midwest around 200k and have been using that as my benchmark. 

Always keep in mind that cheap properties are cheap because they are less desirable and will typically attract less desirable tenants with more maintenance and vacancy. I always advocate buying fewer but better properties. 

If you are "risk averse" a $200,000 4 plex will be a much riskier investment than spending more and buying where people actually want to live. Cheap properties are riskier.

Welcome, Frank.

Welcome, Jacob. Lots of experienced investors here to answer your questions. 

It's business, not personal. 

My condos have been great performers.

Raccoons are no laughing matter. At the very least make sure they give you a security deposit. 

Eden, a $30,000 property is probably not a bargain. It's cheap because it's undesirable and will attract undesirable tenants with higher maintenance, evictions etc. Buy where people want to live, not where its cheap (undesirable)

A fix/flip is not the lowest risk entry point. Best of luck to you.