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All Forum Posts by: Eric Gerakos

Eric Gerakos has started 0 posts and replied 672 times.

Post: Lessen 401k contribution and use it for rental property!?

Eric GerakosPosted
  • Investor
  • Costa Mesa, CA
  • Posts 688
  • Votes 951

Yes.

Post: Real Estate Market in Greenville NC

Eric GerakosPosted
  • Investor
  • Costa Mesa, CA
  • Posts 688
  • Votes 951

Cheap properties and a high poverty rate are good reasons to “run away.” High maintenance and high vacancy……

Post: Any Suggestions just stated wholesaling

Eric GerakosPosted
  • Investor
  • Costa Mesa, CA
  • Posts 688
  • Votes 951

I suggest that you stop wholesaling and save your money to buy your own property.

Post: Raising rents and feeling guilty??

Eric GerakosPosted
  • Investor
  • Costa Mesa, CA
  • Posts 688
  • Votes 951

I have a solution to your problem. Instead of being a greedy, heartless landlord and profiting from your investments. Send your rent payments to me! No more guilt! Problem solved!

Post: Buying cashflow properties

Eric GerakosPosted
  • Investor
  • Costa Mesa, CA
  • Posts 688
  • Votes 951

No.

Post: Selling an 8 unit to pick up a 43 unit in a worse location

Eric GerakosPosted
  • Investor
  • Costa Mesa, CA
  • Posts 688
  • Votes 951

As was already stated a worse area means lower quality tenants, more maintenance and higher vacancy rates. I would find ways to maximize cash flow with what you already have. More units isn’t always better.

Post: I want half but don't want to do ant work

Eric GerakosPosted
  • Investor
  • Costa Mesa, CA
  • Posts 688
  • Votes 951

What do you have against ant work? They are hard working little creatures.

Post: How many have been burned when paying a Contractor 50% upfront?

Eric GerakosPosted
  • Investor
  • Costa Mesa, CA
  • Posts 688
  • Votes 951

I haven’t because I don’t.

Post: Cash Flow States out of California

Eric GerakosPosted
  • Investor
  • Costa Mesa, CA
  • Posts 688
  • Votes 951
Quote from @Amby Bhagtani:

Thanks for responding. Why do you think CA will always appreciate? I know historically it has and I personally have made money off it but what would cause this market to keep going up? 


 Supply and demand. 

Post: how much money do i need

Eric GerakosPosted
  • Investor
  • Costa Mesa, CA
  • Posts 688
  • Votes 951

$17.48.