Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Eric Gerakos

Eric Gerakos has started 0 posts and replied 617 times.

Post: How do I buy my 2nd property??

Eric Gerakos#4 General Real Estate Investing ContributorPosted
  • Investor
  • Costa Mesa, CA
  • Posts 631
  • Votes 876
Quote from @Benita Matheson:

@Dave Skow. Awesome. I have a goal of owning 5 properties in 5 years, and just have no idea where to go next. I'll remember your advice on refinancing my FHA when I'm at that point. I will likely keep saving so I have a solid down payment.


 While it's important to have financial goals, make sure you take your time and buy the right properties. Always remember the goal isn't to see how many properties you can own before you go bankrupt. The goal is to buy wisely so that every property makes money.

Post: Where can I find $250,000 for a down payment?

Eric Gerakos#4 General Real Estate Investing ContributorPosted
  • Investor
  • Costa Mesa, CA
  • Posts 631
  • Votes 876

Finding $250,000 isn’t that hard. Start by looking under your couch cushions for change. Do you have a big piece of cardboard and a felt pen? You’ve got this!

All toilets smell before they are flushed. That is why we flush them. 

Post: Is this a good plan?

Eric Gerakos#4 General Real Estate Investing ContributorPosted
  • Investor
  • Costa Mesa, CA
  • Posts 631
  • Votes 876

No.

Post: Should we put our own child on lease?

Eric Gerakos#4 General Real Estate Investing ContributorPosted
  • Investor
  • Costa Mesa, CA
  • Posts 631
  • Votes 876

I personally think putting children on a leash is inhumane.  

Post: Need advice for finding tenants near train tracks

Eric Gerakos#4 General Real Estate Investing ContributorPosted
  • Investor
  • Costa Mesa, CA
  • Posts 631
  • Votes 876

Your best best is finding a local school for the deaf. You should be able to find a tenant there.

Post: How people scale at a fast rate

Eric Gerakos#4 General Real Estate Investing ContributorPosted
  • Investor
  • Costa Mesa, CA
  • Posts 631
  • Votes 876

Keep in mind that most of the time when someone claims they went from 0 to “2,000 doors” in a year they really don’t own 2,000 units. They bought into a syndication and only have a small percentage of ownership. Always keep in mind that the goal isn’t to quickly build a highly leveraged stack of cards that can be toppled by a single unexpected expense. The goal is to have every property you own make money. 

Post: First Flip Fail (featuring chickens)

Eric Gerakos#4 General Real Estate Investing ContributorPosted
  • Investor
  • Costa Mesa, CA
  • Posts 631
  • Votes 876

Not many investors are brave enough to post fails but they are often more helpful to other investors than success stories. Thanks for posting.