All Forum Posts by: Eric Gerakos

Welcome, Natasha. As a fellow California investor I would first question your reasoning for investing out of state,paying for property management and not being able to readily visit your property. There are great returns to be had in California if you know where to buy. In my opinion the first step is to have a very clear financial goal. 

Forgot to mention there was no age restriction for buying, only for living there.

I owned rentals in an "over 50" community. Those properties are generally less expensive than comparable properties . The main downside was that like many retirement communities the HOA was high and always going up which is why I sold for a nice profit and invested elsewhere.

Just say no.....

Seems like those of us who drive nice cars are avoiding this thread. I'm a "car guy" so I buy used Porsches, BMW's etc. I always buy used and pay cash. Never trying to impress anyone, I just like how German cars drive....

As others have said renting to family is asking for trouble.

I personally would never buy a property “sight unseen” but that’s just me.

I only buy in California. If you know where,what and how to buy you can still get great returns.

Collections.....

I would like to invest in an unconscious community. Keep the tenants in a state of suspended animation. No late night phone calls. Rent always paid on time......