All Forum Posts by: Eric Gerakos

Just keep in mind that buying turnkey isn't somehow a safer option than finding properties yourself. It requires the same due diligence. BP is full of turnkey horror stories. 

The best way to get quality tenants is to buy quality properties. New investors often buy cheap properties in the the midwest, and then are somehow surprised when their tenants stop paying rent and trash the place.

Welcome. I would suggest that you take advice from those that are more than just a "few steps ahead." Best of luck to you.

The first mistake you should avoid is to not, "buy as many units as you can buy." The number of units is much less important than the quality of the units. Owning a big portfolio of money losing properties isn't the goal. Collect money, not properties. 

Since you live California you can invest in fractional trust deeds. They currently are paying around 10% secured by real estate. No tenant hassles, etc.

Welcome, Jaime. 

Think about something else.

Growing quickly should be the least of your concerns. It's too easy to end up with a big portfolio of money losing crapboxes. Take your time and buy quality properties. 

If you're concerned about getting quality tenants, buy quality properties. Cheap crapboxes attract undesirable tenants with higher maintenance and vacancy. 

Welcome, Sarah.