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All Forum Posts by: Eric Gerakos

Eric Gerakos has started 0 posts and replied 672 times.

Post: Financial independence with Real Estate

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

I'm in real estate and/or I make my own schedule being self-employed. Depending on the person you will still get "must be nice"

I find the, "must be nice" crowd tend to lack any motivation for self improvement. It is usually uttered by those wallowing in self pity....   

Post: Strategy to get to 100 units?

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

Keep in mind 2 things. 

1. Many people who claim to "own" hundreds of doors on BP just have partial ownership through syndication. 

2. Owning hundreds of doors and possibly being in a bad financial position isn't the goal. It's not about the number of doors, it's the profit from each door that matters.

Post: When is it “ok”to overpay for a property ?

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

For me, never.

Post: Help!!! Would you rent to friends or family?

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

No.

Low appraisals are a common problem. Had one last year for a cash out refi and I just supplied my own comps and appraisal was adjusted.

Post: security deposit in installments

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

No.

Post: Age old question... buy or wait?

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

It’s always a numbers game. If the numbers make sense, buy. Don’t buy if they don’t.....

Post: What Fears you had buying your first Rental Property

Eric GerakosPosted
  • Investor
  • Costa Mesa, CA
  • Posts 688
  • Votes 951
Quote from @Matt M.:

@Ryan Hamaker

No fears. Nothing but excitement. Every.single.time.

This. No fear. Did my due diligence and killed it. Mostly just common sense.......

Post: Would you rent to people that work for you?

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

No.

Post: Do you provide fridge for you Rentals?

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

Always.