All Forum Posts by: Lukas Zupan

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

@Terry Campbell What are the kinds of people and/or companies that do studies like that? Is there a term for them, do you have any examples?

Lukas

Thanks @Scarlett Mulligan and @David Thompson,

and yes, @Adam Robinson I can see how the optimization would be ever-increasingly critical. I appreciate the tips and will certainly look into investing with a syndication as an educational option.

Lukas

@Terry Campbell Thank you sir! Very helpful indeed. A lot of what you have mentioned matches up with what this man told me in regards to how and why the deal works... he implied that the details and variables he were above me and would be difficult to explain. At the time they indeed were, and may even still be. But hearing you say similar things lends credibility to his explanation as well. Because he has done this in the past he said he is very picky about the location, surrounding market ("rooftops") etc... This location he said, is somewhat an exception to his typical size limit, and would be situated on nearly 10 acres. Due to this, he allotted for 50,000sqft of indoor storage with room for expansion, and the rest is outdoor/RV. As to climate control, I havent asked about it, but have seen the humidity control as you mentioned for "business storage" options. And yes, we should absolutely talk separately about your site and your work in OKC. 

@Rob Beardsley I understand, and will do!

@Ali Boone The Saturation element you spoke of seems completely obvious, but I somehow totally missed and never thought 'bout that, good point! And indeed the unbuilt facility is certainly the risky business I'm worried about xD. I will certainly make sure to do adequate research with others involved to investigate the real possibilities. The fact that you, and Mr. Campbell both echoed some of his descriptions really helps me out, because I'm primarily just trying to gauge the possibility of this deal type as opposed applying it to this particular situation. Hearing you both say that these returns aren't impossible "under the right conditions" is very helpful. And I will be sure to educate myself on such factors.

@George Fitz Yes 90k/mo is the accurate and "conservative number" From his demeanor I know this guy knows his stuff, and all his calculations were ultra-conservative for this situation. He'd rather undercut predictions that overshoot, and even those numbers were an accurate gross 1.08 mill annually. A reason I mentioned above was that this would be an unusually large facility. Not a tiny half-acre self-storage plot, such as inner-city options.

Again, thank you all for your input, and if anyone else has any thoughts to add, please! The more people I'm hearing from, the more helpful this is!

Lukas

@Matt Leonard Of course, you are correct about the too-good-to-be-true either being so, or needs more investigating. That is why I posed the question, maybe someone here has personally invested in the storage space or even specializes in it. As far as the gentle trying to swindle me out of the deal...truth is it would be a HUGE deal to me, but it's pennies to him. He is primarily a builder and works with projects worth tens of millions. But I'll be sure to cover me assets!

@Rob Beardsley is the show itself called "best ever". If not, where can i find these podcasts?

To everyone else! Know of any podcasts here on BP that make mention to the storage element? I have listened to a few so far, but I haven't screened the content of them all yet..hehe... 

I have speculated from every angle about this, but truly the biggest factor here is my ignorance. I'm doing various other research as well and talking to some local investors but if any of you have experience with this market, please feel free to set my thinking straight in any way you can!

Thanks y'all,

Lukas

Hey guys, this is my first question posted, so hopefully it's in the right place!

I am really new to the real estate game, (mere months) and so far have only partnered with local investors who flip and hold SFR's... Despite only working the residential side of things so far, I have been trying to educate myself on all matters commercial as well, and at least be familiar with terminology and the differences etc...

So to my questions really, I recently met with a gentleman who I talked with (a commercial builder and investor) who said he has designed and built several mini storage facilities (primarily outdoor space). We got started talking and he told me about a deal where from land acquisition to turnkey build costs the whole project would be wrapped up in 3.5 million. Now, from what I've learned leveraging single family property acquisition with a 15 year note, or even a 10 year note is like...really amazing. The cashflow as he illustrated for this type of investment for the specific factors on this facility would proceed to net 90k/mo. Now from all i've learned...Those numbers are...insane. Like, too good to be true insane.

Does anyone have experience with the mini storage market who can give some incite? I really don't know much about it at all except when people say "oh, its a cash cow" "oh, its recession-proof" etc... Are those kinds of returns even remotely feasible? Is there any credibility to these numbers? And also, any ideas on the best way to finance a deal like this. Would you have to go in with the lender as equity partners, or would someone be willing to simply gain 8-15% simple interest on their money...?

Thanks everyone,

Lukas