All Forum Posts by: Eric Gerakos

As a conservative investor, I love my “perfect notes “ that pay 9%. In more than 20 years I’ve never had a late payment or default. I buy notes when rates are relatively high and buy more properties when rates are low. I was able to retire the first time at 35 using this strategy.

I have done very well buying condos in desirable areas as opposed to affordable areas. Properties and rents have doubled in the last 5 years and I have a waiting list for tenants. 

If you’re looking for passive cash flow why not just buy first trust deeds secured by real estate? Currently paying over 9%

Welcome from another OC investor. 

Considering that performing first trust deeds with conservative LTV are currently paying 9% or more, why would anyone do this?

This is why properties in “affordable” neighborhoods are usually no bargain……

Nope. Nothing happening there.

I don’t see the dilemma. Why would you rent to someone who won’t provide their SSN? Sounds like you need a property manager……

I would do what I’m doing. Be the bank. Buy performing first trust deeds currently paying 9%. That’s $7,500.00 a month in passive income.