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All Forum Posts by: Eric Gerakos

Eric Gerakos has started 0 posts and replied 671 times.

Post: Looking into cheap properties <70k

Eric GerakosPosted
  • Investor
  • Costa Mesa, CA
  • Posts 687
  • Votes 951

As a fellow Californian I understand how cheap houses can look great on paper. High maintenance and non paying tenants are often the reality. Cheap houses should generally be avoided as they often have a lower return than nicer properties. 

Post: New Agent - Should I Americanize My Name?

Eric GerakosPosted
  • Investor
  • Costa Mesa, CA
  • Posts 687
  • Votes 951
Quote from @Jim K.:
Quote from @Bruce Woodruff:

@Sapir Simply Well there you have it! Looks pretty lopsided in favor of retaining your REAL name....go out and take advantage of that incredible name!

No, you have a lot of lopsided support for this BS about authenticity from people with Anglo names and weak imaginations who didn't grow up here being told repeatedly to go back to where they came from.

Bruce, my first name is not really Jim. It's the Greek version of that. My last name is also Greek as hell. I can still remember in the first grade when the teacher specifically asked me to spell out my first name AS IT WAS WRITTEN ON MY BIRTH CERTIFICATE (my mom and dad always called me "Jim"), I was unsure of the spelling. My parents had never shown me my long-form American Born Abroad birth certificate. I'd only ever seen my birth name written in the Greek alphabet.

My first-grade teacher turned to the entire class, laughed spitefully, and said, "Imagine that. Not being able to spell your own name."

Bruce, I sincerely doubt you ever had an experience like that.

I don't need to be more REAL than I am. My people were writing philosophy when yours were worshipping the grass snake and drinking each other's blood out of skullcaps. I instead need to get along with "the bumpkins," to quote Paul Revere's father for why he changed his own name from Apollos Rivioire when he moved to the New World.


 My dads name was Demetrios but he changed it to Jim in the first grade when the other kids couldn’t pronounce it and made fun of him......

Buy and hold. 

Post: Sweet 80 year old tenant can’t afford rent

Eric GerakosPosted
  • Investor
  • Costa Mesa, CA
  • Posts 687
  • Votes 951

Do the kind thing and offer to help her pack. 

Post: How do I buy my 2nd property??

Eric GerakosPosted
  • Investor
  • Costa Mesa, CA
  • Posts 687
  • Votes 951
Quote from @Benita Matheson:

@Dave Skow. Awesome. I have a goal of owning 5 properties in 5 years, and just have no idea where to go next. I'll remember your advice on refinancing my FHA when I'm at that point. I will likely keep saving so I have a solid down payment.


 While it's important to have financial goals, make sure you take your time and buy the right properties. Always remember the goal isn't to see how many properties you can own before you go bankrupt. The goal is to buy wisely so that every property makes money.

Post: Where can I find $250,000 for a down payment?

Eric GerakosPosted
  • Investor
  • Costa Mesa, CA
  • Posts 687
  • Votes 951

Finding $250,000 isn’t that hard. Start by looking under your couch cushions for change. Do you have a big piece of cardboard and a felt pen? You’ve got this!

All toilets smell before they are flushed. That is why we flush them. 

Post: Is this a good plan?

Eric GerakosPosted
  • Investor
  • Costa Mesa, CA
  • Posts 687
  • Votes 951

No.

Post: Should we put our own child on lease?

Eric GerakosPosted
  • Investor
  • Costa Mesa, CA
  • Posts 687
  • Votes 951

I personally think putting children on a leash is inhumane.