Results for ‘Uncategorized’ category

REAP / Code Enforcement / Eberly Company Summit Meeting

The LA Fair Housing Coalition, a group that fights for landlords, has arranged a meeting for members with officials from the LA Housing Department’s REAP and code enforcement offices and the Eberly Company, which was recently hired as a landlord outreach contractor by the city. The idea is to give landlords a chance to explain

$500k flip opportunity

Am going to blast out a tasty small apartment flip deal at around 2pm PST today to the mailing list. I’m intimately familiar with the deal and I think it’s a winner for someone who can bring $500k in cash to cover acquisition and renovation. The upside is $60-125k in profits within six months or

The Biggest Mistake LA Landlords Make

How do you feel about giving your tenants part ownership of your apartment building for free? Pretty terrible, right? If you own a rent controlled building in Los Angeles and don’t raise your rents by the amount allowed by the city each year, you’re effectively giving your tenants a stake in your building for free.

Ethics for brokers

Being a good broker is about keeping two different, competing ideas in your head at the same time: I am in business and want to maximize the amount of money I make; and I want to do the best possible job for my clients. It’s amazing how difficult some brokers find it to balance these

1239 N. Westmoreland is for sale

We’re selling 1239 N. Westmoreland Ave. in East Hollywood in order to realize some profits for our investors. It’s a pretty great building: 5 units, 4 one bed, 1 two bed Totally rebuilt in 2009-10 with permits; no deferred maintenance Monthly rent is $7,980 For sale at $949,000 (9.9x grm) Here’s the listing on Loopnet: http://www.loopnet.com/lid/17621152

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