All Forum Posts by: Lukas Zupan

Here in Oklahoma at least, Chase, that completely depends on your property manager and the contract as well. @Danny Randazzo and @Thomas S. have the right idea with a property management company that will try to hold you to the contract. Some will have it in the legal stuffs that you either have to pay them for the rest of the agreed management term, or will charge a fee for "cancelling". In that case, certainly get the seller to sort that out first or you could have a headache.

The property management company that I like and trust never hold you to such obligations from the start, they operate with the highest quality of service and basically maintain that if you don't like them you don't need to work with them. Change of owners or unsatisfactory results and you can drop them no strings attached.

Does that help you?

@David Gonzalez

Apologies for missing your comment, I must have skipped over it that day. Oklahoma still has a lot in the way of oil as an economic factor, although we are also growing up in energy and aerospace as well. Certainly oil is not an exclusive deciding factor anymore.

@Cory Vines, @Ana Perez Thank you for y'all's thoughts.

@Jonathan Orr I appreciate the feedback... it's great to hear about the different methods people follow. Understandable that it varies, everyone has their way of evaluating and doing deals, the same is true here. Exactly why I posed this question to the forum, to grasp a better understanding of how it's done in Californ-I-A.

Thanks everyone for the thoughts...I suppose i've heard from a ton of you all now that big metro area in Cali are just not rental focuses, right? Can anyone say otherwise? If so, what kind of annual returns do you see?

Keep it coming!

Lukas

@Dan H.

Thank you for the detailed breakdown of how you account for your profits. Very helpful. As @Ron Harris mentioned, cashflow is THE huge factor for investors here. Everyone determines the value differently, of course, but I have seen rental cashflow as high as 30-40% here, and I'm talking all-in expense (100% of purchase value and rehab cost). Those are generally cash deals because they are so high, and, obviously after a few years you have all your money back. This though is more for very niche towns. Again, most people turn their noses up at anything but 10%+ here.

As far as calculating all the factors you mentioned, that is possible here as well, the only difference is that your margins for appreciate, forced or otherwise are much smaller. OKC is pretty steady and predictable for long-term rentals in that regard.

Again, I appreciate your input. Perhaps we could connect and discuss it further via PM 

@Dan H.

Thank you for the thoughts, you are the first investor I've talked to that can boast such numbers...That's great! :D

Anyway, are your properties returning 30-50% annually in some cases based on the rental returns, or are you implying that due to negative cashflow, you turn your money into 30% returns by flipping/turning your properties? Thank you.

@Brent Coombs

I believe you misunderstand my intent. I'm not looking to buy in Cali, in fact what I do is sell property to investors in certain cities in california. The purpose of this post is to hear from other investors around cali to hear what types of returns they see and expect where they invest themselves. I assume that while perhaps similar, the numbers and expectations in LA are not identical in Frisco...etc.

Thank you for the bit about appreciation..It makes sense that you would bet on that instead of the rental value. Very helpful.

To everyone else reading this thread! I just want to gather information! If you invest in any part of california please feel free to tell me how you fair and what type of returns you are happy to see...high side...low side and all that jazz :)

@David Song

Cool deal man. From an investor standpoint you will love it. Just let me know when you are in town I'd be happy to show you around the city :)

PM me and I'll send you my info

@Anthony Dooley

Thank you for your exuberance, 'tis a fact I'm well aware of sir! Between my partner and I we have about 20 years of experience in the OKC market. ( I don't plan to change that) We provide type-a investments to our investors in Cali and other places with less predictable or desireable long-term rental markets. I am merely exploring the variations in the different cities of California as far as expected returns and comman investment numbers. I just want some opinions of those figures so we can serve people in new areas better.

@David Song

Thank you sir for your detailed account of figures, greatly appreciated! If you have questions about OKC, I'd be happy to help in any way I can. (just pm me and we can do a call or something ;)

@Brent Coombs

I certainly don't like the idea of borrowing at a loss or minor profit. Precisely the opposite. Returns here in OKC are pretty standard and quite achievable at 8-12%. In conversations with investors from the Cali market, I have actually been literally called a liar when talking about our figures. Based on this I just want to hear from you guys what the actual expections are for your areas...

Hey guys,

I am doing some research and am interested in the California Real Estate market. I know it's a very big and broad market, so maybe tailor your feedback and thoughts with a location you come from or deal in. To the point, I just want to hear what you experienced investors see from your market...what do y'all expect from an annual ROI percentage standpoint...what is a typical cost (or range) of acquisition for either rentals or flips.

I've done a bit of research in bigger markets like LA and San Diego, but I'd love to hear it from the avid investors! Tell me about your market :D

Thank you,

Lukas

Hi everyone!

My name is Lukas :) I am just trying to get a feel for how many people really use direct mail as part of their marketing. (and to what degree)

If you use direct mail, please post approximately how much you mail per month, and if you hand-address envelopes, or send other pieces instead. :D

Also, if you are that guy/gal that networks and knows everyone, how many people in your state/city do you estimate use direct mail in volume excess of 500 pieces/mo?

Thank you all so much,

I appreciate it!

~Lukas

Hi everyone!

My name is Lukas :) I am just trying to get a feel for how many people really use direct mail as part of their marketing. (and to what degree)

If you use direct mail, please post approximately how much you mail per month, and if you hand-address envelopes, or send other pieces instead. :D

Also, if you are that guy/gal that networks and knows everyone, how many people in your state/city do you estimate use direct mail in volume excess of 500 pieces/mo?

Thank you all so much,

I appreciate it!

~Lukas