Results for ‘How to’ category

Inspection day (again)

We have a buyer inspecting one of the properties from Fund 1 today, so I thought this would be a good opportunity to discuss how you ought to behave when you, as a seller, attend a buyer’s inspection of your property. Here are the key things to keep in mind: Be honest. You never, ever

Why most Angelenos waste water

Our on-going drought was a big part of Gov. Brown’s State of the State speech today. One of the iron-clad rules of conservation is that people only conserve when they directly feel the cost of not doing so. And yet, in LA, the majority of households do not pay their own water bills, and therefore

What do I think you should do?

Go buy a 2-4 unit apartment building in reasonable condition, at a reasonable price, with reasonable debt. Don’t sell it, even when the price goes up. Save money. When you’ve saved enough, buy another one. Do this four times, after which you won’t be able to get another 30 year fixed mortgage. Then move on

What is a good NOI?

I see what people search on Google that brings them to my blog. This was a question yesterday that I thought begged for an answer. First, let’s review what “NOI” is. It’s “Net Operating Income”, or what’s left over after you take in your rents and pay out all of your expenses, including property taxes,

Catching up

There are a lot of new readers here recently. Welcome. You may have noticed that the topics here jump around some. I tend to write about whatever I’m working on at any given moment, and that can vary. But it’s important to me that you get what you are presumably here for – an education

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