Retired NFL Player 2x SB Champ

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Calvin Thomas
Developer · New York City, NY · Member since 2015 · 812 posts · 718 votes
1y
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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  • Obed Calixte
    Real Estate Agent · St Petersburg, FL · Member since 2019 · 320 posts · 182 votes
    1y

    Are you tapped into your local REI groups?

    0Reply
  • Jaycee GreenePro Member
    Real Estate Consultant · St. Louis MSA · Member since 2024 · 3k+ posts · 727 votes
    1y

    Hey @Spencer Ware, welcome to the BP Forum! Are you looking to invest in other people's deals as an LP? Given your background, you may want to connect with Devon Kinnard - he's got a real estate investing book you can buy on BP and he lends money on fix/flips in Arizona. You may already know him as you guys were in the league about the same time (and I believe you're the same age).

    [email protected]
    0Reply
  • Travis TimmonsPro Member
    Rental Property Investor · Ellsworth, ME · Member since 2021 · 1k+ posts · 2k+ votes
    1y

    The more hands off you get, the lower the returns. Unless you have some sort of subject matter expertise or access to an unfair advantage (cheap labor, ways to source off market deals, etc.), index funds are likely to provide an equal or better return with a MUCH lower hassle factor and more liquidity. You are completely liquid, don't have to take on the risk of failed deals, vendors/partners that steal from you, or trusting a stranger to manage your properties well.

    I know that "buy index funds, don't buy real estate" was probably not the take that you came here to get, but that's how I see it in the current market unless you want to be a hands on investor. Congrats on your success, good luck, and let me know if there is any way that I could be helpful. I have absolutely nothing to sell. 

    4Reply
  • Jordan FioreBusiness Member
    Real Estate Agent · Cincinnati, OH · Member since 2020 · 169 posts · 145 votes
    1y

    Hey Spencer, 

    Would be more than happy to connect. I work with numerous out of state investors that want to purchase here in Cincinnati and expand their portfolio. Each market has its on quirks to look out for!

    [email protected]513-646-1038
    Home to Investments Group - eXp Realty565 Reviews
    WebsiteView Page
    1Reply
  • Sam McCormackBusiness Member
    Real Estate Agent · Cincinnati, OH/NKY · Member since 2021 · 1k+ posts · 833 votes
    1y
    Quote from @Spencer Ware:

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


     Hey Spencer, shooting you a message now

    [email protected]859-443-4952
    Sam McCormack Realtor
    View Page
    0Reply
  • Aristotle Kumpis
    Specialist · Long Beach, CA · Member since 2011 · 875 posts · 394 votes
    1y

    Hey Spencer. Welcome to the form. I have actually have had the privilege to work with some pro athletes. We have been working with Devon Kennard and helping him expand his portfolio over the last several years. DM me if you want to connect. I am happy to assist. Thanks.

    1Reply
  • Kerlous TadresBusiness Member
    Realtor · Columbus, OH · Member since 2023 · 1k+ posts · 1k+ votes
    1y
    Quote from @Spencer Ware:

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


    Hey Spencer, 

    I own 4 doors here in Ohio and actually looking to add more. I'm looking to buy more 2-4 units and double my portfolio this year

    [email protected]614-490-1163
    Kerlous Tadres | Reafco Real Estate539 Reviews
    WebsiteView Page
    1Reply
  • Jackson Harris
    Realtor · Phoenix AZ, USA · Member since 2023 · 209 posts · 81 votes
    1y

    Hey Spencer as a Seahawk fan I'd love to connect sometime!

    On the other hand I'm an agent and investor in Phoenix, lots of deals out here that can be more passive investment types. Would love to get on a call and let you know more about this area for the future.


    I'll shoot you a PM

    0Reply
  • Marco FioreBusiness Member
    Real Estate Agent · Cincinnati, OH · Member since 2022 · 78 posts · 73 votes
    1y

    Hello Spencer! Glad to see you on BP seeking advise, connections, deals, etc. This is the best platform to create and build a lucrative investment team. 

    I am a realtor in Cincinnati who primarily focuses on small to large multifamily invest opportunities. Would love to speak more on this regarding the market, where I think things are heading, and some deals that might match up with your criteria/goals.

    Just shot you a friend request!

    eXp Realty - Marco Fiore Real Estate519 Reviews
    WebsiteView Page
    1Reply
  • James Wise
    Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 30k+ posts · 20k+ votes
    1y
    Quote from @Spencer Ware:

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


     We can give advice, but you gotta let us know what Tay-Tay is like 1st.

    1Reply
  • Ian IppolitoBusiness Member
    Investor · Tampa, FL · Member since 2015 · 1k+ posts · 1k+ votes
    1y
    Quote from @Spencer Ware:

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


    Hi Spencer, I have a seven-figure portfolio that is a combination of both hands-on (direct real estate) and hands-off (syndication and crowdfunding)

    In my opinion, both have their pros and cons and neither is 100% superior to the other. And I feel the ideal portfolio can benefit from the diversification of both.

    I feel directly owned properties are great because they give me maximum control and the ability to tweak them exactly how I want. So for example I'm very conservative and don't want any debt on them because I feel this hardens them in case of a severe recession. That's unusual and it would be very difficult to find a passive investment like that.

    Also direct control means I know exactly what's going on. And, for those people who have more time than money, they can put in sweat equity into directly owned real estate. This will increase the return above what can be obtained on a passive investment.

    The flipside of having the power to control everything is that it can be alot of work (and a full-time job if a person is putting in sweat equity). Not everyone wants that or is willing to put up with that. It also requires gaining a level of sophistication and knowledge that not everyone has the time, inclination or ability to do. And someone jumping into this as a complete newbie can expect that they have a decent chance of making some expensive newbie mistakes.

    On the other hand, I feel one of the main advantages of passive investments (via syndication/crowdfunding) is that I can hire a manager who has years more experience than I can ever hope to obtain myself. And once I finish the due diligence, my work is done: it's completely passive. Also, rather than taking a large amount of money and investing into one single directly owned property, I can split it up into much smaller chunks across many different passive investments. This gives much better diversification protection across geographies, asset types, strategies, investment subclasses etc. versus putting all the eggs into one basket.

    The downside is that it's not for everyone, and a person has to be comfortable with turning over control to someone else. That means learning how to vet a manager. Not everyone has the time and ability to do that and not everyone feels comfortable turning over control. So I feel it's not a fit for everyone. Also there is a management fee to pay for all of the above. So someone who is looking purely to maximize potential return (and has unlimited time) is unlikely to find this a good fit.

    Here are some good websites for seeing the variety of deals that are available for hands-off investing/passive.

    1) CrowdStreet.com
    2) 1031Crowdfunding.com
    3) Ark7.com
    4) Finresi.com

    Good luck!

    The Real Estate Crowdfunding Review
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    0Reply
  • John MorganPro Member
    Rental Property Investor · Grand Prairie, TX · Member since 2018 · 2k+ posts · 2k+ votes
    1y

    @Spencer Ware

    Single family is where it’s at. What area are you in?

    0Reply
  • Karmine Cramer
    Real Estate Agent · WI · Member since 2024 · 25 posts · 14 votes
    1y

    Hey@Spencer Ware,

    If you are serious about Real Estate investing out of state lets connect. Me and my partners operate Raise the Standard out of Milwaukee, WI an investor oriented full service business. We find deals, close them, and manage them all in house with a combination of our experience and skills.

    I'll pm you if your interested in a discovery call to see if we are a good fit to work together. 

    0Reply
  • Todd Dexheimer
    Rental Property Investor · St. Paul, MN · Member since 2016 · 3k+ posts · 3k+ votes
    1y

    @Spencer Ware what type of real estate are you most interested in? I have experience in single family fix and flip, 1-4 family rentals, small apartments (10-30 unit), 100+ unit apartments, development, commercial retail, industrial and office. I've done a ton active and some passive. I'd be happy to give you advice or refer you to someone. 

    They all have their pros and cons. 

    If you want to play a passive role, a real estate syndication or debt fund could be a great way to go. Make sure that you can find a sponsor that you trust. My company offers real estate syndications. I also have a lot of connections that offer debt funds. Investing in NNN lease (Walgreens, Dollar General, etc are your tenants) is also fairly passive, but you maintain a bit more control.

    0Reply
  • Jamie DietzBusiness Member
    Lender · Pittsburgh, PA · Member since 2015 · 175 posts · 90 votes
    1y

    Have you looked into private lending?  Its more hands off than being a landlord or flipping homes but you have know how to do it correctly.   Happy to chat if need resources.  

    Next Door Capital514 Reviews
    WebsiteView Page
    0Reply
  • Gregory Wilson
    Member since 2024 · 238 posts · 132 votes
    1y

    Sorry, NFL Player. You should not do what you say you want.
    What you have is money. That's all you bring to the game. Everyone has money. They don't even know what to do with it. Your dentist has $4,000,000 in his 401k plan. The guy that turns on and off the lights in the P&G lobby has a couple million in stock. The world values your money at 3 or 4% with no risk. 8 or 10% with moderate risk. And, if a higher return is offered with moderate risk, don't believe it. They wouldn't be coming to you.

    So you can get a gold standard investment advisor and give up .5 to 2% of your return, or you can send the money to one or more huge index funds like Vanguard 500 index fund and sleep well at night.

    But if you think you have something of value other than the generic value of money, you will be sorely disappointed. Now if you have name regocnition and want to be a front man that is a different story. . . . 

    0Reply
  • Sandra Morrison
    Investor · Cincinnati/Fort Thomas, KY · Member since 2015 · 206 posts · 183 votes
    1y
    Quote from @Spencer Ware:

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

    Welcome to BP and real estate investing. I am an investor in Cincinnati (not an agent/realtor), a native Cincinnatian and enjoy talking with anyone interested in the area. I volunteer and host an online group for our local chapter of the Real Estate Investors Association (REIA). Cincinnati and Columbus chapters are very active here and nationally and a great resource for networking, recommended contractors/vendors and education. Please message me and I can answer any questions you may have on real estate, local meetups or the local area.  You are also able to enjoy all of the resources Bigger Pockets offers here. Congrats on taking the first steps!
    3Reply
  • James Wise
    Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 30k+ posts · 20k+ votes
    1y
    Quote from @Gregory Wilson:

    Sorry, NFL Player. You should not do what you say you want.
    What you have is money. That's all you bring to the game. Everyone has money. They don't even know what to do with it. Your dentist has $4,000,000 in his 401k plan. The guy that turns on and off the lights in the P&G lobby has a couple million in stock. The world values your money at 3 or 4% with no risk. 8 or 10% with moderate risk. And, if a higher return is offered with moderate risk, don't believe it. They wouldn't be coming to you.

    So you can get a gold standard investment advisor and give up .5 to 2% of your return, or you can send the money to one or more huge index funds like Vanguard 500 index fund and sleep well at night.

    But if you think you have something of value other than the generic value of money, you will be sorely disappointed. Now if you have name regocnition and want to be a front man that is a different story. . . . 


     lol brother if everyone had that kind of money this website wouldn't exist. Pay attention to 99% of the posts on Bigger Pockets, most folks here have very little money.

    5Reply
  • Gregory Wilson
    Member since 2024 · 238 posts · 132 votes
    1y
    Quote from @James Wise:
    Quote from @Gregory Wilson:

    Sorry, NFL Player. You should not do what you say you want.
    What you have is money. That's all you bring to the game. Everyone has money. They don't even know what to do with it. Your dentist has $4,000,000 in his 401k plan. The guy that turns on and off the lights in the P&G lobby has a couple million in stock. The world values your money at 3 or 4% with no risk. 8 or 10% with moderate risk. And, if a higher return is offered with moderate risk, don't believe it. They wouldn't be coming to you.

    So you can get a gold standard investment advisor and give up .5 to 2% of your return, or you can send the money to one or more huge index funds like Vanguard 500 index fund and sleep well at night.

    But if you think you have something of value other than the generic value of money, you will be sorely disappointed. Now if you have name regocnition and want to be a front man that is a different story. . . . 


     lol brother if everyone had that kind of money this website wouldn't exist. Pay attention to 99% of the posts on Bigrisking the ger Pockets, most folks here have very little money.

    Well, hopefully, the folk here will bring something of value to a property. Like putting the deal together, renovating or upgrading,, management, etc. But if a person wants to be a "hands off" investor all he brings is money. And, if he doesn't have any money he comes to the property empty handed. 

    0Reply
  • Kate Zieverink McMinn
    Real Estate Agent · Cincinnati, OH · Member since 2018 · 17 posts · 16 votes
    1y

    I'm an investor-friendly agent in Cincinnati. Sent you a request–– here to help, discuss the market, etc. any time. 

    0Reply
  • Spencer Ware
    OP
    Member since 2021 · 7 posts · 22 votes
    1y
    Quote from @Obed Calixte:

    Are you tapped into your local REI groups?


    Have one of my own. Working with Batboys LLC . Acquired 3 lots on mulberry st near west end of Cincinnati about 3 years ago still sitting on it. Have not had much time really to put something on them yet.

    1Reply
  • Spencer Ware
    OP
    Member since 2021 · 7 posts · 22 votes
    1y
    Quote from @Kate Zieverink McMinn:

    I'm an investor-friendly agent in Cincinnati. Sent you a request–– here to help, discuss the market, etc. any time. 


     Thanks Kate. Will reach out !

    0Reply
  • Spencer Ware
    OP
    Member since 2021 · 7 posts · 22 votes
    1y
    Quote from @Sandra Morrison:
    Quote from @Spencer Ware:

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

    Welcome to BP and real estate investing. I am an investor in Cincinnati (not an agent/realtor), a native Cincinnatian and enjoy talking with anyone interested in the area. I volunteer and host an online group for our local chapter of the Real Estate Investors Association (REIA). Cincinnati and Columbus chapters are very active here and nationally and a great resource for networking, recommended contractors/vendors and education. Please message me and I can answer any questions you may have on real estate, local meetups or the local area.  You are also able to enjoy all of the resources Bigger Pockets offers here. Congrats on taking the first steps!

     Thanks looking forward to it .

    0Reply
  • Spencer Ware
    OP
    Member since 2021 · 7 posts · 22 votes
    1y
    Quote from @Gregory Wilson:

    Sorry, NFL Player. You should not do what you say you want.
    What you have is money. That's all you bring to the game. Everyone has money. They don't even know what to do with it. Your dentist has $4,000,000 in his 401k plan. The guy that turns on and off the lights in the P&G lobby has a couple million in stock. The world values your money at 3 or 4% with no risk. 8 or 10% with moderate risk. And, if a higher return is offered with moderate risk, don't believe it. They wouldn't be coming to you.

    So you can get a gold standard investment advisor and give up .5 to 2% of your return, or you can send the money to one or more huge index funds like Vanguard 500 index fund and sleep well at night.

    But if you think you have something of value other than the generic value of money, you will be sorely disappointed. Now if you have name regocnition and want to be a front man that is a different story. . . . 

    Um hahah. Thanks for the kind words.  I do not only have money to bring to any table.  I would like to pair or assemble a network other than the ones I have New Orleans ,LA / Baton Rouge . 

    or In the financial district in SF, California.  

    Can never learn too much. keep it coming.
    1Reply
  • Spencer Ware
    OP
    Member since 2021 · 7 posts · 22 votes
    1y
    Quote from @Jamie Dietz:

    Have you looked into private lending?  Its more hands off than being a landlord or flipping homes but you have know how to do it correctly.   Happy to chat if need resources.  


     Actually have thought about that. Would Love to chat. 

    0Reply
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