All Forum Posts by: Eric Gerakos

Grant, many time I have seen new investors post that went from 0 to 300 "doors" in 6 months. Then after much adulation from other new investors they admit they invested $25,000 in a syndication. Scaling fast and owning lots of crappy properties shouldn't be a goal. Collect money not properties.

I have a waiting list of tenants and charge high market rent. Of course my rentals are all in high demand areas of California. In my opinion California investors can always have better long term profits buying locally if they know where to buy. Probably true for those in the Midwest who do well because they buy locally and know where to buy.

My advice would be to buy some conservative LTV first trust deeds, currently paying 9%. That's what I'm doing with all the equity cash I cash out refied at 3.5% when rates were low. Your $250,000 at 9% that's $1,875.00 a month and totally passive.

I always do. I have used the same inspector for many years and he has saved me plenty.

With all due respect, wholesaling for most investors is a colossal waste of time and energy. Many new investors see it as an easy way to make money to invest. It's not and requires resources to be successful at it.

I hear people are dying to move in.....

“Fentanyl and Prostitutes.” That’s what I look for when choosing where to invest. 

The seller is not “delusional.” He’s seeing how badly you want his property. It’s called negotiating……

 Wait, that's exactly what a humble note master would say, lol.