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Name
Eric Scharaga
Title
Author, Founder, & Portfolio Manager
Bio
Eric Scharaga is the founder of Damen Capital Management, an investment firm that purchases residential mortgage loans nationwide.
Before focusing full-time on mortgage loan investing, Eric worked for 23 years as a public high school teacher. In 2001, after reading Rich Dad, Poor Dad, he began investing in rental properties, with the dream of leaving his job to become a full-time investor.
Unfortunately, after thirteen years dealing with the constant stresses and unpredictability of landlording, he came to the realization that he would never achieve his goal of financial freedom through rental properties.
He found the business of landlording even more volatile than the stock market, and developed a strong understanding that most investors should not invest in their own rental properties.
In 2016, while still teaching, Eric transitioned to the more stable and passive cash flow of mortgage loan investing, which allowed him to leave his full-time job in 2019.
He resides in the suburbs of Chicago with his wife and two children and is passionate about personal finance and financial freedom. His goal is to continue introducing investors to the power of reliable investment yields.
Before focusing full-time on mortgage loan investing, Eric worked for 23 years as a public high school teacher. In 2001, after reading Rich Dad, Poor Dad, he began investing in rental properties, with the dream of leaving his job to become a full-time investor.
Unfortunately, after thirteen years dealing with the constant stresses and unpredictability of landlording, he came to the realization that he would never achieve his goal of financial freedom through rental properties.
He found the business of landlording even more volatile than the stock market, and developed a strong understanding that most investors should not invest in their own rental properties.
In 2016, while still teaching, Eric transitioned to the more stable and passive cash flow of mortgage loan investing, which allowed him to leave his full-time job in 2019.
He resides in the suburbs of Chicago with his wife and two children and is passionate about personal finance and financial freedom. His goal is to continue introducing investors to the power of reliable investment yields.
