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All Forum Posts by: Eric Gerakos

Eric Gerakos has started 0 posts and replied 710 times.

Post: Future of Highrise Condo market in Las Vegas?

Eric GerakosPosted
  • Investor
  • Costa Mesa, CA
  • Posts 726
  • Votes 983

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

Post: Termite Damage Repair

Eric GerakosPosted
  • Investor
  • Costa Mesa, CA
  • Posts 726
  • Votes 983

Run away 

Post: Anyone here dealing with squaters?

Eric GerakosPosted
  • Investor
  • Costa Mesa, CA
  • Posts 726
  • Votes 983

What's a Squater? 

Post: Weird question, is this a bad idea?

Eric GerakosPosted
  • Investor
  • Costa Mesa, CA
  • Posts 726
  • Votes 983

 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......

Post: Should we consider a lawsuit?

Eric GerakosPosted
  • Investor
  • Costa Mesa, CA
  • Posts 726
  • Votes 983

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

Post: Should I be waiting for a crash?

Eric GerakosPosted
  • Investor
  • Costa Mesa, CA
  • Posts 726
  • Votes 983

No.

Post: What do you think stops people from starting?

Eric GerakosPosted
  • Investor
  • Costa Mesa, CA
  • Posts 726
  • Votes 983

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. 

Post: 55 or over community

Eric GerakosPosted
  • Investor
  • Costa Mesa, CA
  • Posts 726
  • Votes 983

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

Post: 55 or over community

Eric GerakosPosted
  • Investor
  • Costa Mesa, CA
  • Posts 726
  • Votes 983

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.