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Updated about 1 month ago on . Most recent reply

Spencer Ware's profile image
Spencer Ware's profile image
Spencer Ware
  • Member since Dec 14, 2021
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Spencer Ware's profile image
Spencer Ware's profile image
Spencer Ware
  • Member since Dec 14, 2021
Connect
Spencer Ware
19
Votes |
7
Posts
Out of State Investing

Retired NFL Player 2x SB Champ

Spencer Ware
Posted

Looking to start expanding portfolio.  Would like to be more hands off as well. Seeking connections, advice, deals. Thanks 

  • Spencer Ware
    • Cincinnati, Ohio
    17 Votes
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    Calvin Thomas's profile image
    Calvin Thomas's profile image
    Calvin Thomas
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    • from New York City, NY
    • Member since Dec 8, 2015
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    Calvin Thomas's profile image
    Calvin Thomas's profile image
    Calvin Thomas
    • Developer
    • from New York City, NY
    • Member since Dec 8, 2015
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    Calvin Thomas
    • Developer
    • New York City, NY
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    Calvin Thomas
    • Developer
    • New York City, NY
    Replied
    Quote from @Spencer Ware:

    Looking to start expanding portfolio.  Would like to be more hands off as well. Seeking connections, advice, deals. Thanks 

    Be careful about what you post here.  The vultures are coming out already.  My one suggestion: do not conduct business with anyone (here or anywhere) without having your lawyer and maybe even your CPA reviewing all the paperwork.

    Also, stay far away from LPs. You can lose your shirt... Just look at how many LPs are pausing distributions now.  Connect with a local real estate agent and run the numbers.  Factor 8%-10% for a reliable property manager (use AllPropertyManagement.com).

    After that, you're golden.

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