In this episode, Yakov Smart sits down with Arn Cenedella, founder of Spark Investment Group, who shares valuable insights from his 40+ years of experience in the real estate industry. Arn discusses how the market has transformed from the 70s and the tried and true strategies he still uses today. He reflects on his transition from single-family investments to multifamily syndications, providing advice for new and seasoned investors alike.
Key Takeaways:
- The ways real estate has changed and stayed the same
- Tried and true real estate strategy
- Balancing local market knowledge with experience-based intuition
- Long-term holds and effective risk management strategies
- The reality of emotional decision-making
- Teamwork is vital in multifamily investing
More about Arn:
Arn Cenedella is a seasoned real estate broker and investor with over 46 years of experience. He began his career in 1978 with his family’s brokerage, Cenedella and Co., in Menlo Park, CA, where he built a successful career as a broker and expanded his single-family rental portfolio in the San Francisco Peninsula and Austin, TX. In 2014, Arn relocated to Greenville, SC, and in 2020, founded Spark Investment Group to transition from single-family rentals to multifamily properties. Currently, Arn manages a portfolio of over 968 multifamily units valued at over $127 million, and he is a limited partner in over 500 units across the Southeast and Mountain West. Spark specializes in multifamily investments in Greenville, SC, one of the top emerging markets in the U.S. Arn offers his investors the advantage of his in-depth local market expertise, supported by a team with over 60 years of combined experience. Spark Investment Group helps busy professionals achieve passive income and financial freedom through multifamily syndication.
Connect with Arn:
https://investwithspark.com/
https://www.facebook.com/investwithspark/
https://www.linkedin.com/company/spark-investment-group/
https://www.facebook.com/arn.cenedella/
https://www.linkedin.com/in/arncenedella
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Connect with Yakov:
https://www.linkedin.com/in/yakovsavitskiy/
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