Los Angeles was developed as a giant real estate speculation by speculators looking to lure mid-Westerners out here for the weather. The great thing about the business model was that, because the weather is so mild, they could build houses pretty cheaply (out of wood and stucco, instead of brick and steel). The developers didn’t
Busiest day in a long time. Most important news is that Jon and I removed contingencies on the first deal for our new fund. We’re super-excited about this one. But it’s a bit like the excitement that a climber must feel when peering up at the summit of Everest from base camp. In other words:
I take them. With anyone who asks. Why? First, there’s a bit of altruism at work. I’ve made a ton of mistakes in this business and I am happy to share my experiences with people so they don’t make them, too. Second, I genuinely like talking to people about real estate (and lots of other
Sorry for the late post today. I’m up to my eyeballs in work and my kid just barfed all over the place. On the plus side: Jon and I just opened escrow on a great new deal. More info later when I can share more.
I am so bummed to part with this one that I’ve been putting off listing it. It’s the property in our portfolio that is best suited for a family to take down and hold for a long time. Wish it could have been my family, but I don’t have the dough! Anyway, here are the