Spend enough time looking at Los Angeles apartment listings and you will find one that says something like “Property in REAP. Looking for an all-cash buyer”. Or, much worse, you might get a letter from the Los Angeles Housing Department (LAHD) threatening to place your property in REAP if you don’t comply with their demands.
Lots of buyers ask me about holding properties within an entity like an LLC, instead of in their own names. I’ll share the advice I give them with you, but only if you promise to remember that I am not a lawyer and this is not legal advice. First, let’s be clear about why someone
Potential apartment building owners occasionally ask me about earthquake insurance, which is not included in a standard property insurance plan. It’s kind of scary for owners with commercial mortgages, because recourse loans require you to pay up, even in the event of the building being seriously damaged or destroyed. I’ve never bought EQ coverage
We’ve previously discussed why active real estate investing can be challenging for individual investors here. And then we talked about investing in syndicated deals. This post is about investing in real estate funds, also called “blind pools”. The kind of funds we’re interested in today don’t start out owning any properties (the ones that do
What an amazing response to the Westmoreland sale post! Am really looking forward to working with a number of you who got in touch. For those who are thinking of dipping a toe in the market but don’t really know how to start, I suggest reading the following pieces: What does success in real estate look