Regular readers know I’m not a big fan of leverage. Yes, it has the ability to dramatically improve your results in upside scenarios. But I got started in this business during a total wipe-out and I’m determined not to expose myself or my investors to any real risk of losing properties in the event of
Am spending most of the day today at RealShare, the big real estate conference in Century City. If you’re attending, too, come say hello. I’ll be the guy with the inappropriately shaggy hair and beard (because I’m not selling anything).
Today is a very, very good day for Boyle Heights. The Exide battery recycling plant, the one that has been poisoning the air and ground in BH for decades, is shutting down. The company made a deal with the US attorney to close in exchange for the feds not pressing criminal charges for illegal dumping /
Went to an inspection today on a deal we’re thinking of buying. This was a weird one, in that the listing broker allowed all the buyers to walk through the property prior to having an accepted offer. I think this is good practice on the part of the listing broker, because it gives the seller
Have just been invited to join the panel at an Urban Land Institute forum on acquisitions. I’m going to have to figure out how to tone down my habitual profanity so that they’ll invite me back. Would love to see / meet readers there. Here’s the link for registration. The flyer is below: