Results for ‘Buying’ category

Truly insane appreciation expectations

Oh man, the brokers are at it again. Got a set-up a few days ago on a smaller, rent controlled apartment deal where the broker is pricing in 8% annual appreciation in order to estimate the profit a buyer can expect on the deal. To understand why this is so ridiculous, you need to understand a few

A new kind of deal for our brokerage

Today, one of the clients of our brokerage is closing on a really interesting fourplex deal. The minute I saw this one on the MLS, I liked it… it’s big, (mostly) non-rent controlled, in an interesting area, on a large lot (so plenty of parking and outdoor space), etc. The reason I’m writing about it

Winning an auction by losing

Just had an interesting experience at probate court. Jon and I had signed a non-contingent deal to purchase 229 N. Burlington St., which is a triplex south of the 101. It’s on a big lot that’s zoned for six units. We were intending to renovate the existing building and build two more units… the numbers would

An interesting deal we won’t win

I got a call about an interesting building in Highland Park a few weeks ago. Ordinarily, these are the types of calls I love… an interesting deal, a broker with whom I’ve done plenty of business, etc. But this one is almost definitely not happening, and here’s why: Because it’s a bankruptcy sale conducted under

Here we go again

We recently started work on another project, this one an eight unit deal in East Hollywood, right near some other projects we’ve done. It’s an interesting project: The front four units are going to be huge 3 beds and the back four (which were built later) will be reasonable sized 1/1s. We’ve got some parking

Page 10 of 56« First...89101112...203040...Last »