All Forum Posts by: Eric Gerakos

Cheap properties often end up being the most expensive and least profitable. High maintenance, high vacancy and low appreciation but look great on paper for cash flow if tenants actually pay the rent. Not recommended.

1 Vote

$8.17.

0 Votes

I never accept partial rent. I run a business not a charity.

0 Votes

Saint Paul, Minnesota

Yes, you absolutely need reserves.

1 Vote

Amarillo, Texas

Quote from @Nicholas L.:

@Rebekah Miller

no offense intended, but wholesaling is difficult, and I don't believe it's a way to quickly generate cash. if it's something you want to do, go for it. but i always get nervous when I see new investors saying they are going to "wholesale to generate cash" or "flip to generate cash."

if you have specific questions, just post them here.

This.

0 Votes

Austin, Texas

No.

0 Votes

Columbus, Ohio

You don't need a "coach. "

0 Votes

Baltimore, Maryland

I would be less concerned with “good prices” and more concerned with not buying in a bad neighborhood with high maintenance and high vacancy that looks good on paper but turns out to be a nightmare……

0 Votes

As others have said. Very bad idea.

0 Votes

If you’re just looking for a good, relatively safe return on your cash I would suggest first trust deeds. I’m currently getting 8.75% with a company I’ve used for ten years.

1 Vote

All Forum Posts by: Eric Gerakos

Eric Gerakos has started 0 posts and replied 675 times.

Post: Has Anyone Ever Looked into Camden, NJ for Investing

Post: How much rental income do you need to net per month to quit your job?

Post: Collecting rent when tenant says they don't have it

Post: Reserves and Business plan

Post: Steps to wholesaling

Post: Are in-person meetups dead?

Post: Looking for new real estate coach.

Post: Foreign investor just decided to start !

Post: Handyman/caretaker to work on projects in exchange for room?

Post: Safe investments for all cash buyer