Naturally, I wanted to find out whether we would be able to build a brand-new fourplex in Los Angeles County. 

Property taxes creep up, exterior repairs , and a brand new HVAC last year wiped out $11k of reserves.

It was a great crash course on the basics of a RAL business from location, staffing, patient selection, and branding.

The first acquisition, according to Santarelli, was Dressbarn, a nationwide retail brand that “we bought,” (37:18).

In some areas, bandit signs still work if used correctly.Building a strong brand and being visible as an investor also helps bring deals to you.

They are running a personal brand, and I would rather donate my money to a good cause than their next mountain home. 

It's all in how conservative you are in your approach to underwriting your deals.Even when a Seller says they've improved the property, the tenants are still tenants and do damage to brand new improved units. 

If you can brand yourself as someone with a strong track record of getting VA buyers to the closing table efficiently, realtors will take notice and vouch for you and your clients as offers are submitted and this will show tremendous value to borrower clients.  

I bought this property as a brand-new turn-key property in December 2022 (3bed & 2bath-1544 sq-ft).

Increased revenue and decreased parking demand allowed us to carry income-restricted units as well.We originally planned on spinning it out into a brand, but we never had the bandwidth to do so.Our largest hurdle has been education as most of our tenants are coming in to rent traditional units.Investors did not love it.