MFM Chapter Leader Spotlight (from Los Angeles)
Wednesday, December 28
My name is Jason Malabute. I am a real estate investor born and raised in Los Angeles. I was born with cerebral palsy. Growing up, some people believed in me, but a lot didn’t.. I never cared about society’s expectations of me. I remember thinking, “I just want the world to see me how I see mysel...
WHY YOU SHOULD SELL NOW?
Sunday, August 21
If you are considering selling your apartment building, yesterday was the best time to sell. The next best time to sell is now. Below I will explain why you should sell your building now if you are thinking of selling. I understand this might make some people mad… Oh well! A few months ago, we w...
WHY YOU SHOULD SELL NOW
Monday, August 08
If you are considering selling your apartment building, yesterday was the best time to sell. The next best time to sell is now. Below I will explain why you should sell your building now if you are thinking of selling. I understand this might make some people mad… Oh well! A few months ago, we w...
WHY I WALKED AWAY FROM A 28 UNIT DEAL
Wednesday, August 03
It started with a phone call from my rep. The owner picked up the phone in a grumpy voice. The owner said he would be open to selling his 28-unit apartment for $48k per unit. Most apartment properties in the market are trading for $75-115k. The owner elaborated that his parents built the property...
how much is your property is worth?
Friday, July 29
If you are wondering how much your property is worth today, you will need to know the net operating income and cap rate. A local broker will be your best resource for the cap rate. Net operating income equals gross rent minus physical vacancy minus economic vacancy divided by operating expenses....
I walked away from a 74 unit deal
Sunday, June 19
My broker sent me a 74-unit deal. I normally wouldn’t look at the deal because I am laser-focused on my 50ish unit deal criteria. However, the broker was pushing me to look at this deal. The thing that made me look at the deal closely was that the deal has been on the market since December (origi...