Results for ‘Uncategorized’ category

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

Learning from Larry

On Thursday, Larry R., one of the Kagansblog regulars, taught me a ton about South LA real estate. Larry’s an LA native who grew up on 111th St, which is a hell of a lot farther south than I’ve been in the city (besides going to the airport). Because he grew up down there and because

Frank McCourt did nothing wrong

Think of the Dodgers like an investment property. McCourt bought the property in 2004 from a bad owner (Fox) and dramatically increased the revenue. As revenue increased, the value of the property increased (cash-generative assets are valued at some multiple of the cashflow they generate; increase the cash, increase the value). The increase in value

All about FHA loans, with Justin Brown, loan broker

[MK: You really, really can buy income properties with as little as 3.5% down through FHA loans. Interested? Read on.] We’ve spent so much time talking about FHA loans, I figured I’d bring in a pro. Meet Justin Brown of Nu Home Financial. Justin’s a loan broker who has recently done some very good work

What I want from this blog: a community

Right now, this blog is very much a one-way conversation: I write about income properties and you read about them. It’s kind of like this: But I want more. I want this to be the kind of place that like-minded people come to discuss Los Angeles real estate. I want it to be like a

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