All Forum Posts by: Eric Gerakos

What may look like a "deal" on paper can often turn into a nightmare. You need to consider the type of tenant that a high crime area will attract. Higher maintenance costs, higher vacancy, tenants not paying rent. There is a reason that most investors avoid rough areas. Sometimes they can be profitable but you really need to look before you leap and know what you're getting yourself into.

Bad.

I just did a cash out refi on one of my rentals with Aimloan at 3.5%. Went pretty smoothly.

55+ properties are often priced lower because they have big HOA dues......

 Quoting the, "Confiteor." Impressive......

 Don't forget to gnash your teeth. It makes everything better.

Where's your townhouse?

What a great post. My son is 12 and has grown up with an investor mindset that I didn't grow up with.

Exactly why I don't buy C or D properties. They look great on paper........

Is there a bad smell coming from the unit?