Spent some time this morning looking back at all the deals we’ve done to see if I could learn anything about how we have historically sourced. Here are the numbers: Total deals done (as a buyer myself or as part of our fee-for-service business): 81 Of the total, number that were brokered: 74 Total number
Got a phone call today from a great pair of brokers with whom I have long-standing, mutually-profitable relationships. They were calling to congratulate me on closing our most recent deal. On the call, I told them again how much I appreciate their continued help (particularly on this deal, which got a little hairy). But also
Yesterday, I noted that pricing for apartment buildings in LA has become detached from the underlying cashflows the buildings can generate. But some deals are still getting done at (semi-)reasonable prices and I want to discuss how, and why it’s a problem for me. Right now, listing brokers and sellers are pricing properties very aggressively.
One of my agents called me yesterday to see if I had any ideas to help her. She’s got a great client who has been making strong offers on single family homes and getting outbid. Everyone is frustrated. As it happens, my parents are in the market for a home on the Eastside (working with
Recently, we’ve had a little burst of scammers copying our rental ads and using them to rip people off. I suppose on some level, this is flattering… they probably feel like the pics of our units will get people fired up enough to wire money to Nigeria or where-ever the hell the scammer live. But I’m