All Forum Posts by: Eric Gerakos

Eric Gerakos has started 0 posts and replied 808 times.

None of these ever seem to be written by seasoned investors. Hopefully things will be great long term but I'd like to see feedback at least a few years out with these type organizations.

Seasoned investors typically don't buy turnkey.

0 Votes

Real estate investing keeps me from being homeless. So there's that.

6 Votes

The best way to retain tenants is to buy property where people actually want to live.

1 Vote

Fine.

1 Vote

Quote from @Christopher Rubio:

Quote from @Eric Gerakos:

Started 25 yrs ago by buying fewer but better properties where renter demand was high. I’ve enjoyed low maintenance, low vacancy and 0 evictions. First thing I look at when considering a property is quality of tenant pool and appreciation potential. Not a fan of buying “affordable” properties in the Midwest with higher maintenance and vacancy, and less appreciation.

@Eric Gerakos

Thanks for sharing your perspective — that’s a great track record, and it’s encouraging to hear how focusing on better quality properties has worked out over the long term. I can see how low vacancy, minimal maintenance, and zero evictions would really add up over 25 years.

I'm just starting out and looking in the $80K–$125K range, mostly at out-of-state BRRRR and small multi-family opportunities. My biggest concern has been making sure I buy in areas with a solid tenant pool, so I really connect with what you said about that being the first thing you look at.

Curious — if you were starting again today, would you still focus on higher-quality markets even if it meant fewer doors up front, or would you mix in more “affordable” properties to get the ball rolling faster?

Christopher

You say, "fewer doors up front" like its a bad thing. More "affordable" properties doesn't get any ball rolling faster. The goal isn't to own a lot of cheap, high maintenance, low appreciating properties. The goal is to make money. So yes, I would still focus on higher quality markets.

5 Votes

Welcome, Lilly. Worry less about "Scaling" and more about learning how to be profitable. Understand the relationship between buying cheap properties and the tenant pool those properties attract. Take your time. Best of luck.

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Congrats on getting started. New investors are always worried about scaling. Take your time and stabilize your property, then do another HH. Collect money, not properties.

2 Votes

Welcome, Robert.

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Washington, DC

12 Votes

Keep in mind the maintenance and vacancy will depend on the tenant pool for where your property is located. A cheap property in a bad area will have more of both, and need more reserves. A better property will have less.

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All Forum Posts by: Eric Gerakos

Eric Gerakos has started 0 posts and replied 808 times.

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