All Forum Posts by: Eric Gerakos

None of the above. The first think i look at is area and tenant pool. If the locals are broke, the other numbers won't matter. This is why D properties look great on paper, until the tenant stops paying rent.

No.

I have condos that have had great appreciation and constant rent increases. I buy in upscale areas where people want to live, as opposed to buying in the cheapest, “affordable” areas.

I do both. I need the rentals for tax write offs.

 I think you're smart buying higher end properties. Less hassles and more profits. 

As others have said, keep in mind that C or D properties attract C or D tenants. Higher maintenance, evictions etc.......

Welcome, Albert. I think you’re smart to educate yourself before buying anything. As a beginner, flips may not be the best strategy as they require lots of knowledge and it’s very easy to lose money in the current market.

I would focus more on collecting money, not rentals.  They're not the same thing. 

Eli, do you think the area that is more expensive near you is more or less desirable than a cheaper property some distance away? Do you think a more expensive area will attract more or less desirable tenants, and have fewer maintenance and eviction issues than a less desirable property?

Not judging success by the number of homes but buy the profitability and appreciation potential of each home.