Results for ‘Uncategorized’ category

The right strategy for selling

There are two basic strategies for selling property: Price it high and wait; or Price it low and have a bidding war The second one is much, much better. To understand why, let’s take a look at both. 1. Price it high and wait The theory behind price is high and wait is that, eventually,

Looking for a larger apartment deal?

I’m going to send a tasty one to the mailing list on Monday. It’s the kind of deal where you park $300k and get a very safe 12% return with the potential for a lot of upside. If this sounds like something you might be interested in learning more about (with me on board or

About last night…

…I woke up thinking about real estate again. All I can say is that I feel kind of bad for my (very patient) wife, Lucy, who found herself discussing an apartment deal when, by all rights, she should have been sleeping. As a percentage of the general population, the people who are intensely interested in

Did you miss out…

…on the fourplex deal I sent out to the mailing list today? It was a tasty one: A non-rent control fourplex where you put down $106k and get back $30k / year cash(!). In short, it’s homerun value-add deal. If you want to avoid missing these (infrequent) emails, get on the mailing list. If you

Rising rents

We’ve just turned over a few units in properties in Silver Lake and Echo Park and, boy, is the rental market heating up. We posted a studio at one property in south Silver Lake right by the border with Echo Park for $1,300 (up from $1,200, I think). The unit and the building are both

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