All Forum Posts by: Eric Gerakos

Agree with Adam that very high HOA's make them undesirable as rentals.......

Run away 

What's a Squater? 

 Basing your life choices on the perception of others is never a good idea. I'm not comfortable with you driving anything but a 1972 Pinto......

This is why a good inspector is worth his weight in gold. I’ve used same guy for 10 years. He’s saved me $$$$$$$$.

No.

Fear of failure and fear of looking foolish stops many people from ever achieving anything. Just do it.......

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.