All Forum Posts by: Lukas Zupan

@Dave Foster That sounds like an immeasurably tough place to be in - but it also sounds like you were tougher than that rock that you got steam-rolled under. And tougher than the times. Tough enough to recount all that and still be optimistic. (even on your reply to Nicole you lay out the truth. The truth that you don't choose what is dealt to you, just how you handle it) Heck - even be on this forum! Kudos to you Dave. Thanks for telling me about your experience, glory and all. ;)

@Michael P. Exactly!!! I'm so glad to hear you echo that sentiment - AKA: my plan. Many of my favorite investors that I know and trust say the same. I appreciate the video link!

@Nicole Heasley Beitenman I'm so happy you joined the discussion! Despite being only 17 at the time, I would never want to exclude your experience. If you are here on Bigger Pockets you are definitely in the sphere of people I'm interested to hear about. I'm only 20 myself and my own 08 story is one filled with complete ignorance that "real estate" is even a thing. ;) (so I appreciate you adding your $.02)

That being said I can see how that would have been a jarring and life-altering time for you, perhaps especially at your age. I could chat with people about 401k's and the like for HOURS. This is my life and I love it. (investing) This is certainly an overly broad generalization, but I find that most entrepreneurs vs employee's simply have a more acute sense of personal responsibility. I can tell you aren't an exception and I'm glad you take such responsibility for your life - that will lead you to a much happier life that to not. :D

To your comment about not being risk-averse, It's my own opinion that the most risky things to do are those you are unfamiliar with. Doing what you have and learning about REI will make you more familiar and thus it will become less risky. I would almost go so far as to say it's one of the least risky things to be involved in, and you can make more money and security during the "crash" as a knowledgable RE investor. You got this! My goal is to buy assets until my time is free forever.

Steve, I'm very impressed with all the observations you've made in regard to the experiences you've had. Others would blame, but you've taken those experiences and decided to be better prepared instead. Love it! Thank you for sharing.

Originally posted by @Steve Vaughan:

"Now I have fat reserves, fat equity and don't mind purchasing with cash .I use private lenders vs commercial loans and you couldn't get me to blanket collateralize multiple properties if you paid me.  Helocs have fine print and gotchas.  401k loans are due right after you get paid off.  But keep on borrowing if you want to.

While most others are partnering, syndicating, refinancing to max leverage,  I'm ok to zag.  I will have a good chair when the music stops and won't miss a single nap."

That part of your post is my favorite, many of my friends are now more aware - also prepping with cash and minding the gotchas ;) It's very cool to watch those who have learned through brutal and uneasy experience get ready. Either to gobble up more cheap houses with a new experience badge, or to just be prepared against a similar happening.

Zag on brother, Nap on.

@Corey Hawkinson I appreciate you sharing! I've definitely heard from others that they could have been more aggressive during the down market than they were... You'll know for next time!

Very happy to hear you got into real estate and loved it, perhaps becoming an accidental landlord was a good thing? ;)

@Caleb Heimsoth I think I was in 2nd grade, so...same! Definitely no real estate for me haha. (yet)

For those of you who don't want to know about me and instead want to get to the point of this post move on to "2". 

1.)

My name is Lukas Zupan - I'm a real estate investor in OKC, and I also own a RE photography business that specializes in 3D Tours. I have been in this game for 3 years now and I love studying real estate and learning, and since I started, I've overcome false beliefs and acquired new mindsets. (including realizing I should have and more importantly *could* have bought most if not all the houses I wholesaled while I learned) Still, I regret none of it and I carry on learning!
I was 8 years old when my family moved from Vegas to Oklahoma City when our land-lord collected rent for a few months on our apartment complex at the time (2008) and skipped to Brazil. Or that apparently was the story, and I have since realized that also happened to many people. Much of my memory of that time makes more sense now, however...I was certainly not an 8-year-old real estate investor just chomping at the bit to get houses for pennies again. Now, over 10 years later I realize that all the markers are in place to betray another correction is imminent, and..."overdue". 

2.)

Boom. Personal blurb complete. The reason I am deeply interested in your personal story surrounding the market crash/correction of 2008 is that my perspective of market cycles is largely from second-hand experience. While I'm interested in your experience of market cyles in general, (you Veterans out there!) and I don't mind mentions of historic trends and crashes prior to '08, I would like to keep the specifics more related to our most recent cycle.

There is no right or wrong answer, just feel free to share whatever comes to mind about your story around that time. I look forward to chatting!

-Lukas Zupan

@Mike Cumbie

Thank you good sir! I appreciate you taking the time for such a detailed reply. Have you ever used the 3D rendering/tour add-on? If so...what do you think of it?

Hey y'all!

I'm Lukas! I'm in Oklahoma, but I absolutely love making connections over BP on all kinds of discussions...

In this post I just want to see who uses professional real estate photography, and why you do! (or not, hehe)

I'm totally biased, I own a business that services real estate professionals of all kinds regardig their marketing needs. We focus on "3D" photography, as well as your typical 2D photos and video content. However, I'm not selling anything which is why I'm posting outside of my local market. I'm just looking to here from the kinds of people I serve to gleen how I can improve. :D

So once again, do you use someone? What do you like about it? Why do you do it, instead of just whipping that smartphone out?

Good to hear from you all in advance!

Lukas

Hi all,

I have a property here in Norman OK, about half a mile from one of our biggest state colleges (OU). The numbers for returns on this property make beautiful sense as a room-rented student rental, and are skimpy otherwise. It's a large house with 3 full rooms and 3 full bathrooms. The garage was converted into a 4'th room, and has been rented as such before. (a little less than the others) Will gross 2300/mo minimum and tbh should be more but I'll keep it on the low side. I have CMA for ARV as well.

Interested in someone with cash to close ASAP. Price 185k room to wiggle.

https://my.matterport.com/show/?m=No49XkBMF3E&mls=1

405.434.3597

Lukas