The Wealthy Blueprint: Lessons from Rags to Riches with Paul Moore | Know your why #271

EPISODE SUMMARY:

Could the key to thriving in the ever-shifting sands of real estate investment be a lesson in simplicity from Warren Buffet's playbook? Real estate investor and author Paul Moore rejoins us to share the wisdom of his journey, emphasizing the power of a lean, diversified approach akin to Berkshire Hathaway's model. Paul, a beacon of experience, unpacks the virtues of collaborating with top-tier professionals across various asset classes.

We examine the idea that you don't need to wear every hat yourself to strike gold; instead, focus on the 20% that yields 80% of the results and leave the fine details to the experts. As interest rates climb, they reshape the landscape of real estate investing, creating a labyrinth of new challenges and opportunities. We navigate through the complexities of alternative financing methods which rise in prominence as traditional lending tightens its belt. Mezzanine debt, preferred equity, and their potential to blend risk with reward enter our discourse, highlighting the importance of adaptability and keen insight when one is charting a course through the tumultuous waters of today's economy.

Paul's mission transcends the boundaries of business, as he turns his gaze to the prevailing issue of human trafficking. With a passion that stirs the soul, he shares how he dedicates a portion of his success to combating this harrowing global crisis, championing a crusade that intertwines purpose with profit. This episode is not just a treasure trove of financial acumen but also a clarion call to harness our achievements for a cause far greater than ourselves. Join us for an exploration of investment strategies intertwined with a heartfelt appeal to make a tangible difference in the world.

PAUL'S BIO:

Paul's professional journey began with a notable stint at Ford Motor Company before co-founding a successful staffing firm. His entrepreneurial prowess earned him the distinction of being a 2x Finalist for Michigan Entrepreneur of the Year. After the firm's successful acquisition by a publicly traded company, Paul redirected his focus towards real estate investment.

A trailblazer in the real estate arena, Paul has established and led multiple investment and development ventures. His expertise has been showcased on platforms like HGTV, Fox Business, and The Real Estate Guys Radio. A prolific contributor to BiggerPockets, Paul produces live shows, recorded videos, and insightful blog content. Notably, Paul co-hosted the wealth-building podcast "How to Lose Money" and has been a sought-after guest on over 200 podcasts.

His literary contributions include "Storing Up Profits – Capitalize on America’s Obsession with Stuff by Investing in Self-Storage" (BiggerPockets Publishing 2021) and "The Perfect Investment – Create Enduring Wealth from the Historic Shift to Multifamily Housing." Paul Moore is the visionary Founder and Managing Partner of Wellings Capital, a distinguished real estate private equity firm.

GET IN TOUCH WITH PAUL :

www.wellingscapital.com

EPISODE CHAPTERS:

(0:00:00) - Diversification and Investing With Experts Paul Moore shares insights on diversification, working with top operators, and the current economy's impact on investments.

(0:09:47) - Challenges and Opportunities in Interest Rates Challenges in real estate investment due to rising interest rates, reduced leverage, and shift towards preferred equity.

(0:17:33) - Inflation, Economy, and Investing Options Inflation and interest rates may remain high, multifamily properties are resilient, and alternative assets are popular due to JOBS Act and social media.

(0:30:37) - Investing and Fighting Human Trafficking Mixing market-rate and affordable housing increases asset appraisal, eliminates property taxes, and raises awareness for human trafficking.

If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara

Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/

Artist: http://audionautix.com/