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All Forum Posts by: Spencer Morey

Spencer Morey has started 1 posts and replied 6 times.

Post: Have you benefited from getting your Real Estate licence?

Spencer MoreyPosted
  • Portland, OR
  • Posts 6
  • Votes 12

Did you go and get it? What was your experience?

@Chibuzor Nnaji Thanks, I will research more about it and see what direction it takes me. I was planning on getting my real estate brokers license in Oregon as well as find a mentor that I can work with. 

Thank You!
Originally posted by @Dave Visaya:

Hello @Spencer Morey, welcome to the site! It's great to have you here.

@Chibuzor Nnaji Thanks for the advise. In your opinion what is the most effective way to create capitol for passive investing. House Flipping?Realestate agent/broker?Loan officer?

I make decent money now but would like to increase my income so I can have more equity. I was thinking to get my RE license and start selling. 

Thanks for the reply,

The end goal is to be more passive. I have been saving for a year and looking to continue for another year(possibly longer)before I make a move. In the meantime I would like to increase my income and knowledge of real estate investing and the workings of a deal. 
What would you recommend for a source of education? 
Any books or organizations that you recommend to increase my knowledge base? 

Ps. I lived in Dallas a few years back, everything I hear is that it's a great place to invest! 

best,
Spencer 
Originally posted by @Chibuzor Nnaji:

@Spencer Morey thats not a bad approach. To be clear is your end goal to invest passively in multi family apartments OR be a lead sponsor/operator/ more of an active investor in the deal thats included in the general partnership. If your end goal is to be more passive then yes finding ways to accumulate capital to invest passively is the way you should go. But if you want to be more of an active guy in that arena, well then I'd say start working on your education right now and networking as well, and when you feel ready to take action you can move forward in becoming an operator/sponsor of deals. I hope this helps feel free to reach out if you have any other questions.

Hello Everyone, 

My name is Spencer and I am new to this forum, and real estate in general. I am an entrepreneur looking for advice. 

I am currently financing deals for luxury and sports cars. I have been successful in sales and am looking to find out more about real estate. 

I am interested in all aspects of real estate. My end goal is to invest in multi-family apartments to allow me to achieve financial freedom. I was considering getting my real estate license and selling houses to also learn the business and get contacts for later investing while providing an opportunity for additional cash flow. 

What are your thoughts?