The kind of regulation that drives me crazy

Hat tip to Adrian over at Curbed for noticing a new, irritating piece of regulation from LA’s city council. Here’s the regulation, in a nut-shell: “The LA City Council … preliminarily pass[ed] an ordinance that will make it illegal to covertly demolish buildings more than 45 years old… The ordinance requires property owners to notify neighbors and their … Continue reading “The kind of regulation that drives me crazy”

See awesome construction pics

Adaptive finally has an Instagram account with tons of pics of our ongoing renovation projects. The tech-savvy among you can follow @adaptiverealty for on-going updates. The less tech-savvy (including, for example, me), can check out the pics here: instagram.com/adaptiverealty Going forward, we’re going to document all of our on-going projects (and there are a ton!) … Continue reading “See awesome construction pics”

My thoughts on the anti-gentrification march on York this weekend

So this weekend a bunch of residents held an anti-gentrification march on York Blvd. in Highland Park. Here’s a description from the Eastsider: “A group of anti-gentrification protestors – some of them masked and waving banners – paraded down the sidewalks of York Boulevard tonight, taping “Eviction Notices” on new businesses…” Neither I nor anyone in … Continue reading “My thoughts on the anti-gentrification march on York this weekend”

Are there any good deals out there?

Well, I’ve written 4-5 offers this week. And I just stumbled across a deal that’s going to end up being somewhere between an 8.5-9.5% unlevered yield (eg cap). Of course, these things aren’t just falling off trees. You need some combination of superior local knowledge, skill / experience, and sufficient capital. Inventory is definitely tight, … Continue reading “Are there any good deals out there?”