All Forum Posts by: Eric Gerakos

I would worry less about “scalability” and more about losing the roof over your head. As others have said, being over leveraged can be disastrous. Best of luck.

Mario, instead of focusing on "20 properties" I would buy fewer but better properties. Avoid affordable (undesirable) properties that will typically have higher maintenance and vacancy, and buy A or B properties with less maintenance and better appreciation, which is where the real money is made. Best of luck!!!

This is why renting to family or friends is generally a bad idea.

My condos have been some of my most profitable rentals. I buy in upscale areas and my appreciation is much better than "affordable" SFH in the Midwest.

Welcome to Bigger Pocket!!!

Welcome, Tyson. Do Florida rentals still pencil out with current insurance rates? I'm considering buying a house in nearby Palm Coast as I travel there for business.

The hardest part is getting their little paws to hold a pen.......

No.

The “everyone” who talks about scaling quickly are typically new investors and agents. Experienced investors don’t worry about scaling quickly. We want fewer but better properties. Collect money, not properties….

Zoe, when new investors talk about, “scaling as quickly as possible” that is often a recipe for financial disaster. Buy quality properties in quality areas. Save your money. The goal is to make money, not to see how many cheap (undesirable) money losing properties you can own. Best of luck to you.