More deals, more complexity

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Jon and I have, so far, built a career on building and renovating sub-institutional scale assets. (By this, I mean apartment properties with 4-27 units.)

The upside is that the returns are better than anything I think you can achieve in LA with larger multifamily properties.

The downside is that we have a ton of balls to juggle.

For example, right now, I’m in the process of refinancing four (soon to be six) buildings we bought last year.

The numbers on the deals are awesome. The pain is going to come from having to push four different loan applications through, attend four different appraisals, etc.

I’m personally pretty adept at keeping multiple threads going in my head at once. But I can see how, if we keep doing this particular business¬†for decades, things are going to get pretty damn complicated around here!

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