Recently, I’ve written offers on REOs (“real estate owned” – this is short for “owned by a bank because they foreclosed on the last owner”) for three readers of this blog. A lot of people are interested in these kinds of properties, either as potential flips or to fix up and hold as income properties.
OK, team. Here’s the plan: On Saturday, May 12, at 1pm, my partner, Jon Criss, and I are going to lead a project tour. The idea is to show you how we do what we do. Here’s what we’ll cover: The math behind our business: We’ll do a quick, in person explanation of how you
Have been spending a lot of time looking at 2-4 unit apartment buildings in the Miracle Mile area recently and let me tell you: That is one ridiculously hot market. First, let’s define what we mean by “Miracle Mile”: It’s the area loosely bordered by Wilshire to the North, Pico to the South, La Brea
Quick question for you regular readers based here in Los Angeles: Would you be interested in taking a guided tour of some of our projects? In my mind, I’m envisioning looking at 1-3 of our projects in detail. We would discuss: The forecast that led us to buy the property The cost of relocating the
I’ve got an offer out on a 4 plex for a couple I’m working with. It’s a pretty amazing REO (bank-owned) property in Miracle Mile. Knowing that the list price was a bit low for the area, we offered $115,000 ABOVE list for the property. We also jumped through a series of increasingly annoying hoops