Checking in on our “rehab” deal

And… we’re back. As you know, we’re in the process of “rehabbing” a 4plex in Echo Park right now. I say “rehabbing”, because it’s effectively new construction, as you will see below. When we started this project, I was mentally prepared to treat it like a standard rehab deal, except with slightly more risk and … Continue reading “Checking in on our “rehab” deal”

Speaking at the Southern California Apartment Summit next week

Just agreed to join a panel at the Southern California Apartment Summit taking place in Irvine on Thursday, December 17. Here’s a link to the conference website. My panel will be about the state of the “middle market”, eg non-institutional scale properties. Think this panel and, indeed, the whole conference, will be of interest to readers … Continue reading “Speaking at the Southern California Apartment Summit next week”

First concept for interiors on our first true ground-up project

Am unreasonably excited today because we got the drawing below via email from our architect: That’s his first crack at the interiors on the new fourplex we’re building in Highland Park. Now, I’m quite certain that Jon is going to have a field-day marking this baby up (for example: that kitchen is pretty damn small!). … Continue reading “First concept for interiors on our first true ground-up project”

The difficulty in building a money management business

Had an interesting dinner last night with a couple of guys who work for other people but are thinking about going out on their own to do deals. Found myself explaining the difficulty inherent in doing so and think it might interest you, my readers. The money management business is fundamentally amazing at scale. Here’s … Continue reading “The difficulty in building a money management business”