Results for ‘Buying’ category

Hi Moses…

Hi Moses It’s been about a month since escrow closed on my purchase of [redacted]. I want to thank you for directing me to David and let you know that I’m really pleased with the way he helped me find and manage the deal. The deal was great for multiple reasons including a foreclosure that

What about the comps?

Had a client ask us to take a look at the comps on a small apartment building before making an offer. I think this brings up an interesting difference between our business (taking a rigorously quantitative approach to evaluating income producing real estate) and that of brokers who do single family homes. In the single

Our deal criteria

Have been reading Warren Buffett’s collected shareholder letters. Strongly recommend them to anyone interested in business / investing. One of the things that Buffett does in his letters is to set out his acquisition criteria. And, interestingly, as you read through the different years, you see that putting it in the letter works – he

Stalemate

If you take a look at the apartment market in our areas, you will see a stalemate between buyers and sellers that is keeping properties on the market for longer than sellers would probably prefer. (I know I’m getting sick of staring at the same properties day after day!) For 2-4 unit deals: Many sellers

Interesting fourplex deal

One of my agents ran across an interesting deal in an improving neighborhood in NELA. It needs a bit of work, say, $30k, but would work as a great owner user or investor property. If you are an owner-user, you could potentially use an FHA loan on it, which would allow you to buy with

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