Results for ‘Uncategorized’ category

Boyle Heights gentrification survival guide

Over the past 12 hours, I have been thinking about whether I have anything to add to the discussion / controversy kicked off by our now-infamous bike -tour flyer. This blog, which is usually read by a few thousand people interested in investing in LA real estate, is suddenly getting a lot of attention from people who

Thinking about retirement

(Not me – don’t get excited.) Over the past few days, I attended a conference for wealth managers. I won’t lie: My intention was to meet the people tasked with managing assets for affluent investors, with the idea of convincing some of them to steer their clients my way. Turned out to be the wrong

2514 London is sold

Just sold the second of our Fund 1 deals: 2514 London St., a fourplex just south of the 101 in Westlake / HiFi This one was pretty good, though not nearly as good as our 1947 Clinton deal. The numbers: In for around $850k Took in cash of approx. $20k during ownership Sold for $1,150,000

Mid City Neighborhood Council

Went to the Mid-City Neighborhood Council meeting last night at the invitation of my friend Michael Sonntag, the president of the council. Was my first time attending one of these meetings, so didn’t know what to expect. Two contradictory thoughts on the meeting: 1. The business of local government is small-bore in the extreme. What

Two pet peeves in business journalism

Sorry, have to vent: 1. “So and so grew the value of the business from $100MM in 1985 to $500MM today”. That sounds really impressive, but it’s only a roughly 5.9% annual growth rate with compounding. Any time a journalist quotes two numbers divided by a period of time, s/he should automatically give you the

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