Just finished a sweet little 5-unit in Highland Park on behalf of another group. This one had concrete floors on the ground floor, so we polished them. The effect is a little industrial in the pics, but really cool in person. If you’re interested in an amazing, reasonably-priced 3 bed apartment in Highland Park, reach
Was talking to someone about whether she should buy a house last night and it dawned on me: Most people, even really smart people, don’t understand what they’re doing when they buy a house with a mortgage. Most people think, when they get a mortgage on a home, that they’re borrowing against the home. Wrong.
Two things to which I will definitely expose my kids well before they reach adulthood: Accounting. I know this is kind of lame, but accounting underpins the entire financial world. I regard it as a crime that learning basic accounting wasn’t required of me in highschool or college. Yeah, I would have protested at the time,
One of the themes to which we return again and again on this blog is the shift in consumer preferences from suburban, single-family homes to denser, urban apartments. I obviously love this shift, because it’s very good for our business. But, interestingly, the shift has not been good for housing sector, which is typically a
Just quoted a 4plex fee-for-service deal for a long-standing client. The headline numbers are: All-in for ~$1.45MM, inclusive of all renovation expenses and an acceptable fee to Adaptive 10.7x GRM 7% cap $291 / sq ft When it’s done, I think the owner would be able to refi the property at 75% LTV, pull out