Results for ‘Brokerage’ category

Deadlines and documents

When we write offers for apartment buildings, we usually want a 17-21 day loan contingency. The concept is to give us some assurance that we will be able to get the loan we want before we irrevocably commit to doing the deal. Pretty standard. But lately, I’ve been running into the same problem over and over

Why I don’t love 1031 exchanges

We’ve talked a bit about 1031 exchanges before, but here’s a re-cap: 1031 is a tax loophole designed to allow a seller to avoid paying capital gains tax on a property when he sells To do so, seller sells his property and has escrow transfer his equity to a so-called 1031 facilitator Then, seller has

Brokers… can’t live with ’em

Just ran across a listing which has been sitting on the market for a month in Northeast LA. The listing puts the price at $1,250,000 and the square footage at 2,170 sq ft. That’s $576 / sq ft, which is ridiculous, even in today’s inflated market. I decided, on a whim, to look the property

A vote of confidence

Had a great phone call today that I’m going to brag about. Sue me. A guy who runs a fairly large brokerage office called me asking for advice. He has a client who wants to list a medium-sized apartment building and the broker doesn’t really know anything about doing multifamily sales. He got my name

Growing the team

An update for those of you following our progress in building the Adaptive Realty team: We’ve added a new property manager, Ignacio, who will be responsible for overseeing all of our existing apartment properties and assisting Jon with the properties we have under construction. We’ve added a new leasing agent, Bana, who will be handling

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