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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

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,

14 unit re-positioning deal

The 14 unit deal I mentioned late last week is going out to the mailing list around 5pm today. If you want to understand how the numbers work on a larger apartment project, this is a good one to take a look at. To join the mailing list, click here and follow instructions. Should take

How to choose a broker to sell your property

First things first. Don’t sell property if you can avoid it! But, if you must sell, use a broker. Choosing a broker and figuring out how to work with him* successfully is the most important part of any sale process. (*Note I’m using “he” and “him” here, but many of the best brokers are female. Just a

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

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