Commercial Real Estate Investing in Self Storage with Paul Moore | EP128
Working Capital The Real Estate Podcast
Paul Moore is a returning guest on our podcast. He is the founder and CEO of Wellings Capital. Paul is the author of Storing Up Profits: Capitalize on America's Obsession with Stuff by Investing in Self-Storage. He is the go-to expert on investing in self-storage, and the king of profiting from storage units in America. In this episode we talked about: * Paul’s Background and Journey into Real Estate * Paul’s View on Self Storage * Raising the Capital and Finding Deals Operations Overview * Investment Philosophy * Warren Buffett's Rules for Real Estate Investing * 7 Unique Paths to Commercial Real estate Investing Useful links: https://www.wellingscapital.com/resources The book by Paul Moore "Storing Up Profits" - https://store.biggerpockets.com/products/storing-up-profits
Investing In Self Storage Units & Identifying Market Cycles | Paul Moore
The A Game Podcast: Real Estate Investing For Entrepreneurs
Join Nick Lamagna as he sits down with guest Paul Moore, one of the most seasoned and experienced real estate investors to date on the show. Paul is the author of such books as "The Perfect Investment" and "Storing Up Profits," published by the world famous BiggerPockets, as well as being featured on HGTV's House Hunter's Paul is now best known as the Founder and Managing Partner of Wellings Capital who Help high earners and high net worth individuals protect and grow their wealth through passive commercial real estate with a heavy focus on self storage units. Paul has done it all from fix and flips, selling waterfront lots, oil and gas, mobile home parks and more and brings a lifetime of experiences to keep you from wasting time and losing money on your journey to financial freedom. You will not want to miss this incredible individual share his knowledge. Topics for this episode include: ✅ How to lose money in Real Estate ✅ Why are Self Storage Units A Good Asset Class To Invest In ✅ How Shiny Object Syndrome can cost you your health and money ✅ How to invest in changing real estate market cycles ✅ How real estate is the best way to protect your money against inflation ✅ Fighting Human Trafficking ➡️ More! See the show notes to connect with Paul Text Nick today to do some real estate deals together whether you are new or experienced at (516) 540-5733 --- Connect with Paul: https://www.wellingscapital.com/ https://www.wellingscapital.com/resources Paul's Book "Storing Up Profits" Here --- Connect with Nick Lamagna www.nicknicknick.com Text Nick (516)540-5733 Connect on ALL Social Media and Podcast Platforms Here FREE Checklist on how to bring more value to your buyers
Leveraging Recession-Proof Real Estate Assets For Maximum Profitability With Paul Moore
Life and Money Show
Basic commercial real estate knowledge that beginners should knowFactors affecting property values and prices in different market conditionsHow to find lucrative real estate dealsMom-and-pop properties: What they are and how they impact the value of off-market dealsIs multifamily still a wise investment for the coming years? The Life & Money Show Spotlight:Your Life & Money: What is one thing you’re doing to live a meaningful and intentional life by design?Other’s Life and Money: What is one life or money hack that you can share that will make an impact in others’ lives right now? Life & Money in the World: What’s the one thing you’re doing right now to make the world a better place? RESOURCES/LINKS MENTIONED How to Lose Money PodcastPaul SamuelsonThe Perfect Investment by Paul MooreMark Cuban Warren BuffetBRRRR method Rick GrafThe Hands-Off Investor by Brian Burke | Paperback and Kindle80/20 Sales and Marketing by Perry Marshall | Paperback and KindleHow To Give Your Way To Success In Real Estate, With Paul Moore Do you want to figure out the on-ramps in commercial real estate? Visit https://www.wellingscapital.com/resources and get a deep dive into investing strategies for real estate investors through Paul’s audiobook, eBook, and eCourse! ABOUT PAUL MOORE Paul Moore is the Founder and Managing Partner of Wellings Capital. After graduating with an engineering degree and then an MBA from Ohio State, Paul entered the management development track at Ford Motor Company in Detroit. After five years, he departed to start a staffing company with a partner. They scaled and sold the company to a publicly traded firm five years later. After a brief “retirement” in his early 30s, Paul began investing in real estate in 2000 to protect and grow his own wealth. CONNECT WITH PAUL MOORE Website: Wellings CapitalLinkedIn: Paul MooreEmail: email@example.comNumber: 1-800-844-2188 CONNECT WITH USTo connect with Annie and Julie, as well as with other Investing For Good listeners, and to get the latest scoop on new and upcoming episodes, join Life and Money Show Podcast Community on Facebook. To learn more about real estate syndication investment opportunities, join the Goodegg Investor Club. Be sure to also grab your free copy of the Investing For Good book (just pay S&H)--Thanks for listening, and until next time, keep investing for good!
S7, Episode 22 - Do’s and Don’ts of Self Storage with Paul Moore of Wellings Capital
The Freedom Formula for Physicians | How Doctors Cut Debt & Slash Taxes | Business Of Medicine | Financial Education
Investing in self-storage is a smart idea that can provide you with a lot of good benefits and experiences. But, with many different factors involved, it's hard to know where to start and what you need to do before (or after) making an investment. This is your opportunity to learn as Paul Moore of Wellings Capital will share the do's and don'ts of self-storage that everyone should be aware of. After a stint at Ford Motor Company, Paul co-founded a staffing firm where he was a two-time finalist for Michigan Entrepreneur of the Year. After selling to a publicly traded firm, Paul began investing in real estate. He founded multiple investment and development companies, appeared on HGTV, and completed over 100 commercial and residential investments and exits. He has contributed to Fox Business and The Real Estate Guys Radio and is a regular contributor to BiggerPockets, producing live video and blog content. Paul also co-hosted a wealth-building podcast called How to Lose Money and he has been a featured guest on over 200 podcasts. Paul is a three-time real estate author and BiggerPockets recently published his new book called Storing Up Profits - Capitalize on America's Obsession with Stuff by Investing in Self-Storage. Paul is the Founder and Managing Partner of Wellings Capital, a real estate private equity firm. Wellings Capital designates a portion of its profits to thwart human trafficking and rescue its victims. In this episode, Dave and Paul talk about… The story about what was Paul's exposure to money and investing as he was growing up? How did Paul start investing? His opinion about what achieving freedom is? When is someone financially free? Benefits of Self storage What point do you consider moving on from Self storage? How to get into commercial real estate? What is the most dangerous time to invest in self-storage? Resources Mentioned: Website: Wellings Capital Locum Story Books: The Perfect Investment: Create Enduring Wealth from the Historic Shift to Multifamily Housing by Paul Moore Storing Up Profits: Capitalize on America's Obsession with STUFF by Investing in Self-Storage For all the show notes, and more, check out the podcast website at www.doctorfreedompodcast.com ----more--------more--------more---- Investment advice is only offered in jurisdictions where Centurion Financial Strategies, LLC (“Centurion”) is appropriately registered or exempt from registration. Our Form ADV Part 2 brochure can be obtained free of charge at https://adviserinfo.sec.gov by searching for our firm by name or its unique CRD number (316454). This podcast is not a solicitation to provide advisory services in any jurisdiction in which we are not appropriately registered or excluded from registration. The information, statements, and opinions contained in this podcast have been obtained from or are based upon information obtained from sources which we believe to be reliable, but we do not warrant or guarantee the timeliness or accuracy of any such information. This podcast is intended for informational purposes only and should not be construed as personalized investment, tax, or legal advice. Opinions expressed by any guest are their own opinions and do not necessarily reflect the firm’s views. You should carefully consider your unique financial circumstances and needs prior to making any investment in securities or purchasing any insurance products. Past performance is not indicative of future results. Investing in securities involves the risk of loss. Insurance products are backed by the financial strength and claims-paying ability of the issuing insurance company and may be subject to restrictions, limitations, and early withdrawal fees which vary by issuer. You should consider the charges, risks, expenses, and investment objectives of any insurance products before entering a contract.
#170: How To Vet Real Estate Sponsors with Paul Moore
Multifamily Investing with Multifamily Attorney Charles Dobens
Paul Moore is the Founder and Managing Partner of Wellings Capital, a real estate private equity firm. Paul and I discuss how to properly vet real estate sponsors before investing in a deal. For more information or to get started in multifamily investing, please visit: https://www.multifamilyinvestingacademy.com/.
Why would a commercial real estate investor, author, and syndicator move away from apartments and become a self-storage investor?https://www.youtube.com/watch?v=0y_47Zr3F6gPaul Moore, real estate investor and author of Storing Up Profits, demonstrates how to capitalize on America's obsession with stuff by investing in self-storage.So, if you want to find out what's to love about self-storage, learn the risks and downsides of self-storage, and get the scoop on how it performed during the pandemic ... tune in now!Table of contentsPrior Interviews with Paul MoorePaul's Introduction to Self-StorageBigger PocketsWhy Self Storage?What is Value-Add in Self Storage?The Risks of Self StorageHow to Get Started in Self-StorageConnect with Paul Book A Strategy CallPrior Interviews with Paul MooreLessons from a Commercial Multifamily Investor, with Paul MooreWellings Capital: Opportunities in Commercial Real Estate, with Paul MoorePaul's Introduction to Self-StorageAfter selling his company to a public firm in his 30s, Paul thought he was going to get out of the game and focus on his family. However, he quickly realized that he wasn’t fulfilling his calling, and therefore was not being the husband or father he wanted to be. On top of that, he was bored. This spurred him to seek a way to fill his time in a purposeful way that could also help him protect his family’s wealth. What occurred to him was real estate, so he started flipping houses and lots, and finally building houses.[4:28] “I found out something really important that everybody needs to know. If you don’t know how to tighten the doorknob on your own house, you probably shouldn’t build a house.”Eventually, he found his place in multi-family real estate. But after a while, he felt like what he thought was the “perfect investment” was no longer perfect because he had to overpay to get it. After research and time, his team discovered self-storage investments and created a fund to invest in that space.Bigger PocketsPaul started his work with Bigger Pockets as a blogger, sharing his wisdom on real estate. And every six months, he would ask, “Is there anything else I can do to serve you?” Because Paul was invested in their success, and helping Bigger Pockets succeed, they’d let him do videos, live shows, and write books through them.[7:17] “Bill Gates, he did three things to become the wealthiest person in the world. Number one, he decided at a young age what he wanted to do and he stayed in that lane… Second, he… found the biggest, most influential platform in the world that would be willing to let him partner with them. And then the third step is… not obvious. He did everything in his power to make them successful. Not himself, but them.”Why Self Storage?One of the benefits to self-storage, as Paul shares, is the short time frame the asset operates on. When you lease commercial property to someone, those leases are often a decade or two long, which means that rent is locked in. With self-storage, leases occur on a month-to-month basis, so you can raise prices as you see fit each month. [10:58] “The thing I like best, though, is the fragmented industry. Now self-storage has about 53,000 facilities in the US. That’s about the same as McDonald’s, Starbucks, and Subway combined.”About 75% of these facilities are run by independent operators, and two out of every three independents own one facility. This means they’re classified as a mom and pop, and they don’t have to have a lot of knowledge to make a good profit. However, this creates opportunities for experienced investors to come in and acquire the property, and capitalize on any oversights to drive further profits. What is Value-Add in Self Storage?[18:06] “The first time I heard value-add and self-storage, I think I laughed out loud. I mean, where are the countertops and cabinets and flooring and bark park and lighting and, you know,
Investing in Self Storage: Capitalize on America’s Obsession with Stuff featuring Paul Moore
The Weekly Juice | Real Estate, Personal Finance, Investing
This week, the Juice Boys interviewed Paul Moore, the founder and CEO of Wellings Capital. Paul is the author of Storing Up Profits: Capitalize on America's Obsession with Stuff by Investing in Self-Storage. He is the go-to expert on investing in self-storage, and the king of profiting on storage units in America. To top it all off, Paul is an incredible human with the best intentions, and he wants nothing more than to help others and see people succeed. If you're looking for a new way to invest in high profit real estate, this is the episode for you!-🍊 SOCIAL MEDIA: @weeklyjuicepod▶️ SUBSCRIBE to us on YouTube📸 FOLLOW us on Instagram🐥 TWEET with us on Twitter📚 EXPLORE our Book Recommendations
Paul Moore - Storing Up Profits - Capitalize on America's Obsession with Stuff by Investing in Self-Storage
The Self Storage Show with Jim Ross
Jim interviews Paul Moore from Wellings Capital and author of Storing Up Profits - Capitalize on America's Obsession with Stuff by Investing in Self-Storage ======================== About Paul Moore Website: www.wellingscapital.com Book: Storing Up Profits: Capitalize on America's Obsession with STUFF by Investing in Self-Storage https://amzn.to/3a3Dmoc Paul has founded multiple investment and development companies, appeared on HGTV, and completed over 100 commercial and residential investments and exits. He has contributed to Fox Business and The Real Estate Guys Radio and is a regular contributor to BiggerPockets, producing live video and blog content. Paul also co-hosted a wealth-building podcast called How to Lose Money and he has been a featured guest on over 200 podcasts. Paul is a three-time real estate author and BiggerPockets recently published his new book called Storing Up Profits - Capitalize on America's Obsession with Stuff by Investing in Self-Storage. Paul is the Founder and Managing Partner of Wellings Capital, a real estate private equity firm. Wellings Capital designates a portion of its profits to thwart human trafficking and rescue its victims. ======================== Jim Ross - The Self Storage Show & 3 Mile Storage Management The Ultimate Self Storage Management Playbook! This is the Most Incredible Free Gift Ever...Designed To Increase Leads, Rentals, and Revenue For Your Self Storage Business! https://www.3milestorage.com Click Here To Schedule A Time To Discuss 3 Mile Storage Management Services https://calendly.com/jimross/3milestoragemanagement ======================== Connect With Me Facebook Community: https://www.facebook.com/groups/selfstoragecommunity Website: https://3milestorage.com/ Podcast: https://podcasts.apple.com/us/podcast/the-self-storage-show-with-jim-ross/id1387362783 LinkedIn: https://www.linkedin.com/in/selfstorageservices/ YouTube: https://www.youtube.com/channel/UC2bGLy48wzIus-1ncSNVM6g ======================== About Jim Ross I started out in the self storage industry as a self storage manager. I moved up and became a district manager. Eventually after many years in the self storage industry I knew I could use my knowledge and expertise to help owners skyrocket the value of their self storage investments. That lead me to create 3 Mile Storage Management. 3 Mile Storage Management offers self storage property management solutions for self storage facility owners that want to dominate their local 3 mile market. I enjoy proving value to the self storage industry through speaking at industry events, putting together virtual summits, hosting The Self Storage Show podcast, weekly newsletter and compiling much of the content and online events I've done into the The Ultimate Self Storage Management Playbook.
As a real estate developer in late 2007, Paul was $2.5 million dollars in debt and If he didn't pay, he was going bankrupt. It was right at this time he felt compelled to increase his charitable giving beyond anything he'd ever done before. Many of those around him thought his idea was crazy. Yet 13 months later, despite going thorough America's worst financial crisis since the great depression in 2008, he miraculously paid off everything and became debt-free.Special Guest: Paul Moore.Links:Meet PaulPaul's WebsitePaul's LinkedIn ProfilePaul's Facebook PageFind Out More About the Real Faith Stories PodcastMeet the Host of Real Faith Stories
#153: How To Purchase Multifamily In The Current Market with Paul Moore
Multifamily Investing with Multifamily Attorney Charles Dobens
Paul Moore is the Founder and Managing Partner of Wellings Capital, a real estate private equity firm. Paul and I discuss how to purchase multifamily and what to look for in the current market. For more information or to get started in multifamily investing, please visit: https://www.multifamilyinvestingacademy.com/.