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Daniel Sperling-Horowitz

OfferMarket CEO

Daniel Sperling-Horowitz is an entrepreneur and real estate investor based in Baltimore, Maryland. He is currently the CEO and Co-Founder of OfferMarket, a residential real estate investing platform.1

Professional Experience

OfferMarket

Daniel has been leading OfferMarket since March 2020. The company provides various services for real estate investors, including:

  • OfferMarket Capital: A private credit platform offering DSCR loans, Fix and Flip loans, Ground Up Construction loans, and personally guaranteed asset-backed loans
  • OfferMarket Insurance: Providing landlord and Fix and Flip insurance
  • OfferMarket Marketplace: A commission-free investment property marketplace1

Previous Roles

Prior to OfferMarket, Daniel's career included:

  • Founder of Zentail (2011-2020): A multichannel commerce operations management SaaS platform
  • Financial Industry Analyst at Lemma Senbet Fund (2010-2011)
  • Co-Founder of Trade Assurance International (2009-2011)
  • Junior Analyst at Morgan Stanley (Summer 2009)1

Education

Daniel's educational background includes:

  • Bachelor of Science in Finance from the University of Maryland College Park (2008-2011)
  • Participation in Y Combinator's S2012 batch
  • Competitive golf at IMG Academy (2006-2007)1

Personal

Daniel is married to Kelly and is a father to Conrad and Annie.1

Highlights

Aug 30 · linkedin

Reading Adam Smith's The Wealth of Nations, his impact on Warren Buffett and modern value investing is obvious:

"That the chance of loss is frequently undervalued, and scarce ever valued more than it is worth, we may learn from the very moderate profit of insurers. In order to make insurance, either from a fire of sea-risk, a trade at all, the common premium must be sufficient to compensate the common losses, to pay the expense of management, and to afford such a profit as might have been drawn from an equal capital employed in any common trade."

Here Smith reasons through the insurance business in relation to other business models, focusing on return on capital employed.

Buffett's 1979 letter to shareholders:

"The primary test of managerial economic performance is the achievement of a high earnings rate on equity capital employed (without undue leverage, accounting gimmickry, etc.) and not the achievement of consistent gains in earnings per share."

#investing

May 29 · linkedin

Fascinating insight from Mike DelPrete, in his words:

  • The amount of homes listed for sale and then delisted – taken off the market without selling – is rocketing to all-time highs.
  • This is the start of a price correction; sellers are bringing more inventory to market, but with “aspirational pricing” that buyers are not willing to pay.  - The record number of pricing corrective measures will likely lead to an overall correction – lower prices – as supply and demand continues to rebalance.

https://lnkd.in/exaxCjjx

#realestate

Related Questions

What inspired Daniel Sperling-Horowitz to start OfferMarket?
How did Daniel Sperling-Horowitz's experience at Morgan Stanley influence his career?
What challenges did Daniel Sperling-Horowitz face while founding Zentail?
How does OfferMarket differentiate itself from other real estate investing platforms?
What role did Y Combinator play in Daniel Sperling-Horowitz's entrepreneurial journey?
Daniel Sperling-Horowitz
Daniel Sperling-Horowitz, photo 1
Daniel Sperling-Horowitz, photo 2
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Location

Baltimore, Maryland, United States