Looks like a lot of readers of the Eastsider are joining our conversation today… Welcome! In my day job, I work with investors to buy and fix up apartment buildings. I write this blog in order to meet like-minded people and also to share what I’ve learned from buying, renovating and selling 20 or so apartment … Continue reading “Welcome”
Category: Uncategorized
Los Feliz Rent Survey – July 2012
It’s time to continue our regular survey of Los Angeles rents. We do these surveys to give renters, landlords, developers, lenders, and appraisers access to up-to-date information on the rental market. This time, we’re focusing on Los Feliz. Things to note: This was a whopper of a survey, because Los Feliz is a huge neighborhood, … Continue reading “Los Feliz Rent Survey – July 2012”
What’s a NNN (triple net) real estate deal?
Mostly, this blog covers apartment investing. That’s because apartments are the easiest part of the real estate game for new investors to enter and also the part that I know best. But there are other parts, some of them pretty interesting. Take NNN investing, for example. NNN (“triple net”) refers to a kind of commercial … Continue reading “What’s a NNN (triple net) real estate deal?”
Why you get the rents buttoned up BEFORE you list (part 2)
Apparently, the problem of not having the rents buttoned up before listing is not confined to 4plexes in West LA. Just had the same problem on a much larger deal. Before helping my client offer on the property, I requested the rent roll from the listing broker. We reviewed the information he provided, inputted it … Continue reading “Why you get the rents buttoned up BEFORE you list (part 2)”
How I got access to a property not on the MLS
A bunch of readers have asked variations of the same question about the Highland Park fourplexes I sent out two weeks ago: How is it that you can know a property is for sale without it being publicly available on the MLS? As anyone who follows real estate knows, almost all deals end up on … Continue reading “How I got access to a property not on the MLS”
Answering some questions
Time to start getting to some of the questions sent in by readers. I’ve lightly edited these, but they are from an actual reader (hey K A-M!): 1. Do you like LA particularly because of any demographic reasons (ie. local universities, business push, etc. ) or is its just important that you live in close … Continue reading “Answering some questions”
Maybe I’m insensitive, but…
…thank god the city’s finally doing something about the disgusting conditions on Skid Row. The LA Times had a good piece detailing the nearly 5 tons of filth removed from that neighborhood over the past few days. City workers removed “soiled mattresses, sofas, wheelchairs and portable commodes…[plus] 278 hypodermic needles, 94 syringes, 60 razor blades, … Continue reading “Maybe I’m insensitive, but…”
Get on the mailing list
Hey, you there: The person who just hit this blog after a google search for “buy apartment building in LA”. Or the one who searched for “multi units to be profitable price per door” or “what do I need to buy a building”. If you’re serious about buying apartment buildings in LA, the right thing … Continue reading “Get on the mailing list”
Kind of disappointed
I’m kind of disappointed in some of my readers. Sorry, guys. When I put out the word that I had a pair of amazing fourplexes that would really work for FHA buyers, not a single first-time buyer stepped up. Instead, the clients I’m working with on those deals are the kind of experienced investors who … Continue reading “Kind of disappointed”
How paying a mortgage can INCREASE your cashflow
I was recently asked by a client to explain why she should consider using debt to buy an apartment building. After all, having a mortgage would decrease the amount of money she had left at the end of the month. And, since she has a bunch of cash and she’s buying buildings to build a … Continue reading “How paying a mortgage can INCREASE your cashflow”