All Forum Posts by: Kyle Stevie

@heshelmangel where is your property in our beautiful MSA?

Congrats!  You two are a step closer to leaving us behind in the 9-5 world.  Jealous!

Sparen Capital is excited and honored to host an evening with Mr. Adam Koehler. Mr. Koehller is one of the PROUDEST citizens of Greater Cincinnati that you will find. Every business that Mr. Koehler has started has been with the purpose of creating a thriving entrepreneur community in our area. Mr. Koehler was one of the founders of DotLoop which was purchased by Zillow for over $100 million. Additionally, Mr. Koehler started Reversed Out and has seen it grow to a multi-million dollar valuation. Most recently he helped create CPROP, which utilizes blockchain to digitize the closing of Real Estate purchases. The common sense application of blockchain in certain aspects of the closing allows for a more transparent and trustworthy closing process. This is NOT the only future application of CPROP's technological advances. Come listen to one of the most engaging and enjoyable speakers you will ever find as he discusses the evolution of technology in an industry naturally resistant to change. You will not find this information any where else! Donations taken at the door for the charity of Mr. Koehler's choice.

Clickbait title, sorry.  I don't have a list.  I was hoping to compile one with the help of the community.  If you just want to contribute one that you hear frequently and what you do to overcome it, we will create a list.  It will only help all of us.  Just add to the list in your reply.  Here are two that I face.

#1 I don't want to invest in a property outside of my area.

Rebuttal:  While I completely get it, the offered deal is in a market experiencing more population and employment growth than our area.  Additionally, this particular property is outdated/mismanaged.  There are numerous avenues to add value and the strong fundamentals in the area will support the anticipated rent growth.

#2 The hold time is too long.

Rebuttal:  What alternatives are you planning to invest in, I'm always looking.  All I have found are investments that require either more risk, or better timing than this offering.  If you are looking at putting the funds in a mutual fund, or some other similar vehicle, what returns is the manager projecting?  Here are the projected numbers for our offer.  This is a cash-on-cash projection.  This does not take into account for the tax benefits of being a part owner of the property.  You'd need to touch base and discuss with your CPA or other professional, but I feel like the bonus of the tax benefit puts our offer on a different level.  

Please add to this.  I want to compile this for my own knowledge.  

Is there Key Bank in Arizona?  They offer it in first position.

My mother-in-law grew up in Shively.  You will need a good property manager to screen your tenants b/c there are a lot of headaches in that income range.

Sparen Capital is excited and honored to host an evening with Oakley Farris. Mr. Farris has been one of Northern Kentucky's most successful real estate investors ever. More importantly to our community, Mr. Farris and his wife, Eva, have been among the most generous philanthropists in the area. They have turned their real estate fortune into a source of wealth for the education systems in Northern Kentucky through their numerous contributions. Come listen to one of the most engaging and enjoyable speakers you will ever find. After Mr. Farris's presentation, please stick around to network with like minded investors to expand your professional network. We cannot wait to see you there!

There will be a $5 charge for tickets. All proceeds will benefit Children's Inc.

As a father of twin 17 year-olds, I have been trying like heck to instill this in them.  I'm jealous that you are able to start this early!  If I were you I would do whatever type of real estate work that you can do in Fayetteville during the school year and work for a contractor over the summers in Fort Smith.  This way, IMO, you will gain knowledge of how to look at a future property and know not only the market value, but the cost of repair.  You will be able to avoid a lot of mistakes and gain so much knowledge.  Also, I echo the "Don't date until you are 25."  DO NOT DO IT until you take care of you first.  When you are financially stable, it takes away so much unneeded stress that impacts your interactions with a person that you are supposed to be completely relaxed around.   

Who do I contact regarding contributing an article for my company?