Multifamily Investment In LA Moves East
Monday, August 20
A recent article posted July, 30th on Globe St. (link below) discusses how more investors are beginning to move to East LA out of the Westside submarkets. The prevalence of value add opportunities has created a valuable opportunity for investors to grow their equity quickly.I've seen this myself ...
Cap Rates, Bond Yields, GRM and Expressions of Risk
Saturday, August 04
I go to real estate networking events obsessively. As a result, I hear a LOT of pitches. Something I hear oft repeated by those presenting is that it doesn't make sense to invest in California because of the low cap rates.Before I begin: I am not writing this blog to challenge the assertion that ...
What is Proposition 13? Why Does It Matter?
Saturday, August 04
Proposition 13 is under attack in California. Current supporters of repealing the bill claim that reform would be a big step towards solving the state's affordability crisis. Repeal would also have an adverse effect on real estate investors in the state.Background: Passed on June 6, 1978 Prop 13...
What is Proposition 10? Why Does It Matter?
Thursday, August 02
As November nears, many California residents are hearing about Proposition 10 - if you're not intimately involved in real estate you might be unaware of it, but it has massive ramifications for investors in California moving forward for years to come.Proposition 10 calls for the repeal of the 199...
Milken Conference Panel For Investors
Tuesday, July 31
Short Post Today -I had a client give me a pass to the Milken Conference earlier this year. The theme of the event was navigating a world in transition. The event brought speakers from a variety of fields which were incredibly varied. They had a panel that was really eye opening for me though whi...
Have A Plan - The Importance of Time Value Money
Tuesday, July 31
I closed on a particularly difficult 1031 exchange for a client today, and had a buyer I represent cancel on a deal we had worked equally hard on earlier in the week.I was reflecting on what made each client different, both were repeat clients who had equally ambitious goals for their investing f...