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Welcome to the Wichita Life Update!

🌾Let's buy a castle

Published 12 days ago • 5 min read

May 8, 2024 | Sign Up | Support Us

TOGETHER WITH

Good morning, Wichita!

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).

Castle in Wichita

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:

  1. Investment - everyone knows buying real estate is a smart, safe investment*
  2. Community - we'll be building a community of like-minded individuals who appreciate the finer things in life
  3. 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)
  • 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.
  • 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...

Click here and let me know what you think!

WICHITA LIFE JOB BOARD

Did you know that there is a local Wichita job board made just for local Wichita jobs?

That's right. You can find jobs and talent right here in Wichita.

Check out a handful of our current job postings:

Jobs are posted daily and dozens of people are applying!

We are extending our 50% off for job postings! Use code 50OFF to post your job today.

Quick Event Rundown

That's it for today! We hope you enjoyed this deep dive.

Thanks!

- Landon

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Welcome to the Wichita Life Update!

by Landon

The Wichita Life Update goes out 3x per week to cover local news, events, and everything else in Wichita to keep you updated in just 5 minutes.

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