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Updated 4 months ago on . Most recent reply

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Spencer Ware
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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
  • Most Popular Reply

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    Calvin Thomas#2 Off Topic Contributor
    • Developer
    • New York City, NY
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    Calvin Thomas#2 Off Topic Contributor
    • 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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