All Forum Posts by: Eric Gerakos

The best way to avoid vacancy is to buy rentals in desirable as opposed to "affordable" areas. I just raised my rents again and have a waiting list for tenants. Better appreciation too. 

If you want "huge rents" don't buy in Ohio. Rent prices are based on supply and demand. More desirable areas have higher rents.

Sandra, for most people wholesaling is a colossal waste of time and energy. Many newbies think that it’s an easy path to save some money for investing but it actually takes considerable resources to be successful at it. I think you would be better off saving money and educating yourself about investing. Best of luck to you.

Silly fantasy.....

Sounds like you learned an important lesson about the relationship between bad neighborhoods and bad tenants. Unfortunately, plenty of newbies learn the hard way that cash flow on paper doest always equate to actual cash flow.

It's usually a terrible idea. High maintenance, high vacancy. Looks good good on paper but the reality is often a great way to lose money.

I have a waiting list of tenants and high rents but but my properties aren’t in Ohio. They’re where people actually want to live near Palm Springs.

Find another PM. Never pay up front.

No.