Prosperity Through Multifamily Real Estate Investing
Prosperity Through Multifamily Real Estate Investing
Why You Should Invest in Self-Storage and Mobile Home Parks with Paul Moore
We’re often told to swing for the fences whenever we are making a major decision, regardless if it’s in our life or business. However, there are also times when we should not even think about it unless we want to create the common mistake that entrepreneurs commit.
Here to give us practical advice on real estate investing is Paul Moore, Founder and Managing Partner at Wellings Capital. Paul successfully jumped from corporate America into the real estate space and has helped investors to acquire more than 17,000 self-storage, manufactured housing, and multifamily units all over the country, the value of which totaling over $500 million.
In this episode, we cover:
[00:01 - 06:59] Opening Segment
- Let’s get to know Paul Moore
- Paul’s path from corporate America to real estate investing
[07:00 - 17:59] A Common Mistake of Entrepreneurs
Listen to Paul’s investing approach
- Not swinging for the fences
- A common mistake among entrepreneurs
- Navigating the ups and downs of real estate investing
[18:00 - 27:29] Expanding Your Asset Classes
Don’t miss this story from Paul on how he paid his debts
- Paul talks about Debt Service Coverage Ratio
- Why Wellings Capital expanded outside multifamily
[27:30 - 37:18] Investing in Self-Storage and Mobile Home Parks
- Why invest in the self-storage space
- Paul gives us a sneak peek about his book
- Link below
- Don’t miss Paul’s outlook for the self-storage and mobile home parks
- Should you invest in these properties now?
[37:19 - 49:13] The Strategy That Always Works in Real Estate
- Switching from syndication to fund structures
- The strategy that always works in real estate partnerships
- Paul talks about the beauty of podcasting
[49:14 - 52:16] Closing Segment
- Don’t miss these parting lessons from Paul!
- Connect with Paul
- Links below
- Final words
Tweetable Quotes:
“...in self-storage, there’s a demographic that says that the average person in America uses seven or eight square feet of self-storage.” - Paul Moore
“I think it’s easier to avoid failure than to replicate success.” - Paul Moore
Email paul@wellingscapital.com to get in touch with Paul. Connect with him on LinkedIn, Facebook and Twitter. Check out Wellings Capital and learn how to protect and grow your wealth with passive investing from real estate.
- Listen to his podcast, How to Lose Money
- Paul’s book: The Perfect Investment
- Watch out for his upcoming book on self-storage!
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