All Forum Posts by: Julian Peter Yun

Thanks for all the reply everybody!  Makes me happy to know that there are still other areas that may be potential investment opportunities. 

Now for those that actually invest out of state, what were your protocols in going into the investment?  Would you do all the calculations first, to see if they made sense, then fly out and check the property out?  Would you fly out multiple times?

Last time I was looking out of town, specifically Austin, I stayed there for a week and had a local Realtor take me around to look at some investments.  Just wanted to see what you guys do as well. 

Julian. 

By the way guys, what management rates are you seeing when investing away from your home city?  I manage properties myself and my rates range from 6-8%. 

 You seem to know a lot about OKC!  Are you an agent or investor only?  

 I am also looking for turn key investments as well.  Funny to see that you are in Venice, but looking at the Midwest.  I was actually looking into buying a property in Venice and doing a short term rental to break even, but bank on appreciation, till I came to my senses =) 

Tell me about some of your deals in the Midwest!  I'm all ears!

 Alyssa, we should connect so you can tell me more about OKC yet all the weather over there has me worried!  I guess that's why property insurance is so important!

 More so with buy and holds as I don't have the time/energy to do a flip.  Also, not really looking into flips as I just want to build a buy and hold portfolio.  

I did some research on flips and unless you add SQFT, you're still buying in such an expensive market, that rents will not cover all your expenses at the end of the day. 

Prices are just so expensive here that nothing really seems to make sense for me to buy. You’d be lucky if you break even in terms of cash flow and cap rates are just above what my online CDs are giving me.

I want a duplex, triplex or 4plex with some cash flow.

I’m a real estate broker here in Los Angeles and even the “off market” deals that I encounter seem to not make so much sense.

Where else should I look? Am I just being obtuse and not seeing the deal? I’d consider out of state but just not familiar with anywhere else than SoCal.

Would love everyone’s thoughts!

Unfortunately there will always be noise and hubbub when it comes to internet forums (especially Facebook pages).  Part of the job is to sift through all the noise and finally find that one person who you or you can help.  Paying for a pro membership will not automatically fix this issue for you, but it still helps.  Man, you should really see some of the Facebook real estate groups that I am a part of.  Talk about shady stuff.  It seems like scamming and horrible grammar is the norm, but SOMETIMES there is interesting/useful information in there as well.  Don't even get me started on Instagram.  Le Sigh.

Anyways, everyone is here to make money and that is why there is always potential "interest."  Just in case something might work. People like to talk a lot and puff their chest.  It good to know that at least you can keep it real.  Just keep truckin'!

Julian. 

Hey guys, 

I am a real estate broker in Los Angeles and I have a client who is looking for a ranch style vacation home in Bozeman.  I would to connect with any of you agents out there and see if you could help.  I would honestly like to work with someone that would give a referral bonus as well.  

Anyways, message me if you guys know of anyone!  Thank you!

Hey guys!

One of my clients needs an apartment building developer/architect to help him develop vacant land in Tustin, California.  Any references/referrals would be appreciated.  Thanks!