Just closed an incredibly difficult fourplex deal in Boyle Heights, involving vacating tenants, a bunch of rehab, and re-negotiating the price a few times (due to appraisal issues), with Chris and Cat, two clients and (now) friends.
Some deals are smooth. Some aren’t. This one, frankly, wasn’t. I learned a ton (I’m always learning) and they did, too. I worked my ass off on this over the past few months but, at the end of the day, they had to pull the trigger. And they did.
Now, they’re the proud new owners of a big ol’ fourplex in Boyle Heights with great bones. They’ve got some work to do to freshen up the two units we vacated, but I’m totally convinced this deal is going to be a cashflow geyser for them.
Congratulations, guys!!