All Forum Posts by: Eric Gerakos

If you are a high wage earner, you are wasting your time chasing cash flow in the midwest. All of that work in order to find a property with a little cash flow and modest appreciation is not a good use of your time. 

Trying to dig up your own deals is at least a full time job- the ROI on it doesn't really start to materialize until a year or so in to full time plus efforts.

If you are making good money, you should be focusing on two things: tax mitigation and long term wealth building. You can do that by buying B or better properties in growing, desirable areas. 

No, they probably won't cash flow in a traditional sense right away, but you'll put much more money in your pocket using tax mitigation strategies that you'd ever get from cash flow on SFH in the midwest.

As those properties grow in value and become more and more desirable, you'll be building up a very nice nest egg that will pay off in spades 10 years from now, and you'll be making money all along the way. That's where generational wealth happens. 

Best of luck!

 Own, crypto, the ethical asset!

The woman’s face lit up with a malignant anger. “That is the house of Shaws!” she cried. “Blood built it; blood stopped the building of it; blood shall bring it down. See here!” she cried again—“I spit upon the ground, and crack my thumb at it! Black be its fall! If ye see the laird, tell him what ye hear; tell him this makes the twelve hunner and nineteen time that Jennet Clouston has called down the curse on him and his house, byre and stable, man, guest, and master, wife, miss, or bairn—black, black be their fall!”