Today's email might sound familiar and that is because we have sent it before...
But after we sent it the first time last year we received more responses than any other email and it's due for another round. Let us know what you think!
In today's Wichita Life Update:
Opportunity of a lifetime
The Math
Think of the possibilities
Let's get to it!
- Landon Huslig
TOGETHER WITH THE CITY OF WICHITA
A cyber security incident occurred over the weekend.
Certain online City Services were made unavailable as the system was thoroughly reviewed and assessed the incident. As part of this review, the city computer network was shut off (so if you wanted to report a pothole, it may not have worked).
These types of decisions are not made lightly, but are very necessary to ensure the whole system is good to go.
For continued updates on incidents like this (or incidents like water boils), be sure to visit https://www.wichita.gov/1199/Alert (p.s. PSA - you do have to have the s in httpS:// for wichita.gov to work, the S stands for secure).
In the Riverside area of Wichita, there is a literal castle just sitting there.
In the past, Campbell Castle (1155 N River Blvd) was a bed and breakfast known as The Castle Inn Riverside, but today it is just sitting on Zillow waiting for someone to show it some love.
Here are some details about the home:
17 bed, 19 bath
14,622 sq ft
1.76 Acres
Built in 1888
Fireplaces, hand carved fretwork, German Stained Glass, and 300 year old Grand Staircase all imported from London
Separate Carriage house
Fun fact: its for sale.
(well...it was for sale when we originally sent out this email last March. It was recently removed from Zillow, but there are no details if it was actually sold or not, so for the sake of this story, we will assume we can still buy it).
The Opportunity of a Lifetime
So I had a crazy idea over the weekend - why don’t we buy it?
Don’t let the price tag scare you, its only $2,950,000 AND we’re going to split it.
(This is partially inspired by the MFM Podcast where they pitched buying Michael Jordan’s house.)
Pros of buying a castle:
Investment - everyone knows buying real estate is a smart, safe investment*
Community - we'll be building a community of like-minded individuals who appreciate the finer things in life
Unique Opportunity - It’s awesome. Who else can say they own a castle?
*this is not investment advice
The Math
I’m not a big fan of public math and I know I’m about to get a few responses about how this is not feasible and my math is completely wrong. That’s fine, I welcome the constructive criticism.
But please do cut me some slack, I have to make a lot of assumptions.
Option 1:
So we’re looking at just under $600k for a down payment. The goal for this is to find an Angel Investor that’s interested in putting it down.
Next step is to sell monthly memberships to the house.
If we sell 200 memberships at $100 a month, that’s $20k which is more than enough for the mortgage + some for maintenance and whatever else we want!
Option 2:
This option might be even better. If just 1000 of us put in $2950 each, we could buy it outright. For context, there are over 18,500 people receiving this email.
That’s right, if you cut Starbucks and Netflix out of your budget, WE COULD OWN A CASTLE!
The best part - since we’re crowdfunding this, you can sell your share of the castle at any time rather than being stuck with a $3 million castle you can’t sell. Because let’s be honest, there is always a market for people interested in owning a castle.
(All of above math assumes the just under $3 million price tag which it was previously listed as. Considering it sat for years and at around that price, maybe we could get a steal and grab it closer to the Zestimate price which is only $1,399,100)
What can we do with it?
Now you ask, why would we do this? But I say, why not?
The options are endless and this is where it gets fun. We can use the space for our own good times as well as creating a few revenue streams.
AirBNB or Regular BNB aka Bed & Breakfast (cause no one needs all those unnecessary fees these days)
imagine waking up and getting a home cooked breakfast with some hot coffee here. how cute.
Soho house - esque “non country club” - Soho House is a private social club. If you own a share of the home, you own a membership to use the house. We can iron out the details later.
Events - We could host so many events with this place. Parties, Murder Mysteries where you have to talk in ridiculous accents like Daniel Craig in Knives Out, Weddings, Bachelor / Bachelorette Parties, Haunted tours, Séance, ya know, the normal stuff.
I can't be the only one who gets Knives Out vibes from this castle
Instagram Worthy - The Museum of Ice Cream has ice cream, yes. But it is mainly a photo heavy museum where you walk through and take pictures. So let’s deck out the castle and make it even more unique so people would LOVE to share. The idea is for you to take a picture IN the museum and IN the art then share it on social media. Built in marketing baby.
We will make the Campbell Wichita Life Castle a must-see destination in Wichita where people will come from all over to visit. If we did this, it would go viral which alone helps us recoup some of our investments.
This may be a dumb idea, but some of the greatest ideas of all time were just dumb ideas, but went on to be big successes (I’m looking at you pet rock).
So what do you say sharks, who is ready to join me as a King and/or Queen of Riverside?
If you enjoyed this harebrained idea, let me know! Last time I had a bunch of people who were semi-interested in the idea and ready to cut a check.
Now, this is not financial or investment advice, but maybe you are having some thoughts like this...
December 23, 2024 | Sign Up | Support Us Good morning, Wichita! This is the final Update for 2024. I hope you all have a great Christmas, New Year, and Holiday Season. See you in 2025! - Landon p.s. Go Shockers. Great dub on Saturday! TOGETHER WITH YOU As approach 2025, we are looking for a couple local small businesses to work with. You know how you're reading this right now? So are thousands of other people. Wouldn't it be awesome to get your business or event in front of thousands and...
December 20, 2024 | Sign Up | Support Us TOGETHER WITH Good morning, Wichita! I'll stop bringing it up after today, but you have approximately 13 hours left to enter our 12 Days of Giveaways! You can enter over on our Instagram or by sharing this link: [RH_REFLINK GOES HERE] Today's giveaway is $500 in gift cards to 5 of the best food spots in Wichita. Let's get to it! - Landon Huslig NEWS The End of Free Parking u/trav2974 The verdict is in. Starting in the summer of 2025, downtown visitors...
December 19, 2024 | Sign Up | Support Us Good morning, Wichita! Only 6 days until Christmas! And only 2 days left to enter our 12 Days of Giveaways! Share this link: [RH_REFLINK GOES HERE] or head to our Instagram to enter! Let's get to it! - Landon TOGETHER WITH YOU As approach 2025, we are looking for a couple local small businesses to work with. You know how you're reading this right now? So are thousands of other people. Wouldn't it be awesome to get your business or event in front of...