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All Forum Posts by: Eric Gerakos

Eric Gerakos has started 0 posts and replied 734 times.

Lot's of lessons here. NEVER have a verbal leasing agreement. If tenant won't sign a lease they need to go. Set a fair rent and don't negotiate. If you struggle with any that, use a PM.

Post: Hey everyone! I’m Kristina — excited to be here!

Eric GerakosPosted
  • Investor
  • Costa Mesa, CA
  • Posts 750
  • Votes 1,022

Welcome, Kristina. 

Post: Relatively New Investor Looking to Connect / Seeking Mentorship

Eric GerakosPosted
  • Investor
  • Costa Mesa, CA
  • Posts 750
  • Votes 1,022
Quote from @Brittany Corbin:
Quote from @Eric Gerakos:

Brittany, welcome. Did you have any specific questions about investing? 


Hi Eric, I'd like my strategy moving forward to include purchasing homes in the triangle that require a lot of work, flip, and sell for profit. I don't know if this is a good strategy or if there is another option that would be "better" to use in this specific market. I used to want to buy and hold but I've recently rented out one of my most favorite homes (yes, I got emotional about it) and did not like the experience of being a landlord. Eric, what has your experience been and what do you enjoy doing the most with REI? Thanks!


 Brittany, I've been investing in buy and hold properties and trust deeds for about 25 yrs. Knowing that you don't enjoy being a landlord is the best kind of self knowledge. Maybe your niche is being a flipper or a lender. I only buy in high end areas and enjoy my tenants who are responsible professionals. My main criteria for buying rentals is who my tenant pool is going to be, which is why I don't buy cheap midwest properties that attract undesirable, high maintenance tenants. Take your time and be an expert in the market you want to invest in.

Post: Relatively New Investor Looking to Connect / Seeking Mentorship

Eric GerakosPosted
  • Investor
  • Costa Mesa, CA
  • Posts 750
  • Votes 1,022

Brittany, welcome. Did you have any specific questions about investing? 

Post: I forcaest that Rents will shoot up

Eric GerakosPosted
  • Investor
  • Costa Mesa, CA
  • Posts 750
  • Votes 1,022

How does one "forcaest" and does it require special shoes?

Post: Newbiest newbie from the North

Eric GerakosPosted
  • Investor
  • Costa Mesa, CA
  • Posts 750
  • Votes 1,022

Welcome, Hillary. There are plenty of experienced investors here to help you.

Post: Hi everyone! My Name is Taron

Eric GerakosPosted
  • Investor
  • Costa Mesa, CA
  • Posts 750
  • Votes 1,022

Welcome, Taron. Best of luck to you.

Post: Just getting into this ---

Eric GerakosPosted
  • Investor
  • Costa Mesa, CA
  • Posts 750
  • Votes 1,022

Welcome, Shikhar. Plenty of experienced investors here to answer your questions. 

Post: How would you handle a tenant asking you to remove your shoes?

Eric GerakosPosted
  • Investor
  • Costa Mesa, CA
  • Posts 750
  • Votes 1,022

It’s a reasonable request. I would do it.

Post: Seeking a mentor

Eric GerakosPosted
  • Investor
  • Costa Mesa, CA
  • Posts 750
  • Votes 1,022

Amy, welcome. No need to "move fast." Better to move slow and consider the long game for maximum profit.