All Forum Posts by: Eric Gerakos

I would hold on to your current rental. Always keep in mind that the property where you are moving to is “more affordable” because it is less desirable and it will attract a less desirable tenant than your current rental. Owning many cheap properties can sound desirable but is usually less profitable.

That “cashflow” is paper cashflow. When you consider who your tenants will be, vacancy, evictions, and maintenance that are part of owning property in an undesirable area, the reality can often be negative cashflow.

I usually tell people that I’m an unemployed, unemployment counselor. 

Welcome. You’ve got this. Lots of support here.

I never accept partial payments.

I find that owning fewer but better and more profitable properties has made it easy for me to self manage and have more time for other things. 

"I told him a partnership could never work because he's an a-hole." Negotiating gold, lol.

Sam, Jay Hinrichs daughter is an agent in Vegas. Reach out to him. I've spoken with her and she's good.