How long should the contingency periods be?

As we’ve discussed before, when you write an offer on an apartment building in Southern California using the standard purchase agreement, what you’re really doing is handing the owner a proposed purchase contract filled out with the terms upon which you are prepared to buy the property. Theoretically, the owner could just sign the offer … Continue reading “How long should the contingency periods be?”

Why being a broker is sometimes harder than being a buyer

As regular readers know, I do two kinds of deals: Deals with investors, where I am generally given discretion to make all decisions relating to buying, renovating, and managing the property in question; and Deals I broker, where I am simply an expert intermediary (hopefully) helping my client to deploy capital into the multifamily space. … Continue reading “Why being a broker is sometimes harder than being a buyer”

Welcome

Looks like a lot of readers of the Eastsider are joining our conversation today… Welcome! In my day job, I work with investors to buy and fix up apartment buildings. I write this blog in order to meet like-minded people and also to share what I’ve learned from buying, renovating and selling 20 or so apartment … Continue reading “Welcome”

Los Feliz Rent Survey – July 2012

It’s time to continue our regular survey of Los Angeles rents. We do these surveys to give renters, landlords, developers, lenders, and appraisers access to up-to-date information on the rental market. This time, we’re focusing on Los Feliz. Things to note: This was a whopper of a survey, because Los Feliz is a huge neighborhood, … Continue reading “Los Feliz Rent Survey – July 2012”