Fund thesis: You're an older owner of Class C apts in LA. Tenants aren't paying, understandably. By law, they have 12 months to repay. CA blocks eviction filings until 90 days post crisis. From filing, each case takes 2-6 mo's and costs $5-20k. Do you push thru? Or sell?
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I'm the buyer, with cash!
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What's the unlevered yield?
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Ask my buddy Sam. If you don't already know this project, check it out. It's fun.pic.twitter.com/crSLY8OBxx
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