Results for ‘Success’ category

Why we’re sticking to our knitting

Regularly get asked the following questions: Are you planning to venture out to other cities? Start doing other product types (office, retail, etc.)? The answer to both is that I would love to branch out. Aside from the intellectual stimulation that comes from learning new things, expanding the pool of potential projects would allow us

Finishing up a five unit

Just finished a cool five unit building in an area we know really, really well. It’s actually the third building we’ve done on the same block! To be honest, we knew this deal was a great one the moment we got it under contract… it was so good that the broker tried to chase us

Long term holds

Why do real estate private equity investors sell assets? After all, most private owners of real estate generating really nice cashflow hold forever. And selling forces you to either re-place the capital via a 1031 exchange under duress (eg with a short window) or to pay huge tax bills. So, again, why do the smartest

One unit left at our brand new complex on Ave 50 in Highland Park

Think we still have one unit left at the small building we just built on Ave 50, right near all the cool stuff in Highland Park. It’s a 3/2 with two parking spaces, laundry, AC, etc. for around $3000. Figueroa there is probably the most interesting retail corridor in the city right now… loads of

Imagining a cashflow monster

Regular readers know I’m an avid follower of Berkshire Hathaway, Warren Buffett’s company. One interesting thing about BH is that Buffett never issues dividends. His argument is that he can find better uses for cash the company generates than the investors could on their own (particularly given that dividends are subject to taxes at the

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