Real Estate Investors Association of Greater Cincinnati

Northern Kentucky Focus Group

with...  Multiple Speakers

IS IT TIME TO MAKE MONEY BY GOING TO CHURCH?

Tuesday, May 23, 2017

PeeWee's Place
2325 Anderson Rd.
Crescent Springs, KY

2.00

OPHP Credits
What is OPHP
IS IT TIME TO MAKE MONEY BY GOING TO CHURCH?

 I would say “ya damn right” but we are talking about a church here.

Scott Call will be our guest Tuesday night, May 23rd @ Pee Wee’s in Crescent Springs.  He is currently converting an old church and school buildings into 129 very unique condos in Norwood.  Scott will share how he raised capital for this project through an online crowd funding portal and how he moved from single family projects to $10m projects.

Scott has a very eclectic background with 40 years of real estate investing and development experience.  While Scott is focused on these large projects now it was not always that way.  He started out with single family rehabs on the weekend.  He did about 15 to 20 house flips in his first three years.  His ROI was 40-60% depending on the property / location. 

Scott moved to England in 1986 and continued buying single family homes but at the higher end of market. The profit per house was good but the ROI fell to about 12-15% for the same work.  Scott then moved into properties that he could divide into either apartments or duplexes and then sold individually. This increased the ROI but the competition was fierce.

Scott started looking at old industrial/commercial/secular buildings that were for sale in heavy residential areas.  He bought these outright and then applied for a change of zoning.

After 21 years living out of the country Scott moved back to the states in 2007 and started a development company.  He had his challenges but persisted and prevailed as evidenced by his sweet project in Norwood.  Some of what you will learn at our meeting:

  •          Why ROI is such an important metric
  •          Spotting market niches
  •          The willingness to change course when needed
  •          How to find non-conforming buildings in residential areas for redevelopment
  •          Raising capital through online capital formation, private lenders,  and self-directed IRAs
  •          Private placement memorandums –  pool money for large projects.
  •          Capital stacks – using raised capital to leverage bank funding for larger projects.
  •          Anything else you would like to know— we will have a generous Q&A session

This is truly a unique opportunity to hear from someone who has been eminently successful in real estate investing and development.  Scott very rarely speaks about his experiences so we are fortunate to have him join us.


Free Event


Date: Tuesday, May 23, 2017
Time: 6:30 PM - 8:00 PM

Location:
PeeWee's Place
2325 Anderson Rd.
Crescent Springs, KY

Google Map

OPHP Credits:
Management (2.00 hours)
What is an OPHP Credit?

Share this Event with your Friends