Thought you would appreciate seeing some pics of our latest project, 363 S. Leslie Way, a fourplex we just finished renovating in Highland Park. Now, obviously, doing fourplexes is not an efficient way for us to put out capital. But our partner was in a 1031 exchange, the clock was ticking, and we liked the deal.
Was talking over the weekend to a friend of mine about a deal he’s doing with a partner. His partner pulled a pretty impressive negotiating jui-jitsu move on a counter-party of theirs, one that neither my friend nor I would have even considered, let alone attempted.* My friend explained that his partner is not really
Today, I want to talk about windows. Still here? Good. Windows are a controversial part of the repositioning process. Replacing them is pretty expensive (on the order to $400-500 / window) and, while new windows open / close easily and look nice, no one ever rented an apartment because of the windows. Still, we intend
BL, a reader of this blog, sent me an interesting article yesterday about the interaction between Uber/Lyft use and car ownership. Regular readers know I regard ride sharing as a major force that will re-shape the nature of in-fill real estate development. If you’re just joining us: As the price of ride sharing falls (which
Just lost out on a deal that I wanted to do, despite being the highest bidder. So, how did I lose? Well, this was a development deal. And the land was super-hilly. So I wanted to have five days to get a geologist, an engineer and an architect out to take a look at the site