All Forum Posts by: Eric Gerakos

When I first started investing, I built a portfolio consisting of a combination of "cash flow" properties and "appreciation" properties. I have since sold all of the "cash flow" properties. The properties bought strictly for appreciation ended up having not only much better overall returns thanks mostly to life-changing appreciation, but after a few years of strong rent growth due to being in good locations, not to mention less tenant issues and repair/capex issues, they actually spin off better cash flow than the properties bought for that purpose anyway. Location, location, location should be your biggest consideration and I'd strongly recommend staying within an hour of where you live. Read these forums for awhile and you'll notice a trend among new investors buying out of state in crappy locations strictly for cash flow (they tend to lose money for a few years then sell the properties at a loss). There are better ways to spend your hard-earned money. Hundreds of threads like this one on here to learn from other's mistakes rather than repeating them: https://www.biggerpockets.com/forums/12/topics/1133388-losin...

@Allan Kapoor if you knew you couldn't lose, what would you be doing differently?

So, what is stopping you from believing you won't lose?

This sounds like a Looney Tunes short!