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The Military Millionaire Podcast

194 EpisodesProduced by David PereWebsite

Our goal is to teach service members, and the working class how to build wealth, and invest in real estate so that you can achieve financial freedom and live the life you've always dreamed of!

52:31

RV Parks, Multifamily Apartments, and a Track Record of Success with Paul Moore!

Episode: 166

Paul Moore

Join your host David Pere and Alex Felice in this episode with guest Paul Moore as they dive into self storage investing and how experience helped him brand experts differently from "gurus" in the world of investing.

 

"He who chases two rabbits catches neither." As someone who used to marvel at the thought of being a serial entrepreneur, Paul had to learn this lesson the hard way through losing millions of dollars. But, with his years of experience and exposure, Paul saw that making a profit isn't always about the "exciting" stuff.

 

In this episode, Paul explains why investing is supposed to be boring, how Warren Buffett rose above the tech bubble burst, his take on investing in self storage, and why he has coined the term "nuru" as a replacement for the title "guru."

 

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.

 

He completed over 85 real estate investments and exits, appeared on HGTV's House Hunters, rehabbed and managed dozens of rental properties, and developed a subdivision.

 

After completing three successful real estate developments, including assisting with the development of a Hyatt hotel and a very successful multifamily project, Paul narrowed his focus on commercial real estate in 2011. Paul is married with four children and lives in Central Virginia.

 

Outline of the episode:

 

  • [03:00] How do these rich guys get involved in real estate?
  • [05:16] Investing should be boring!
  • [10:03] Bigger Pockets: The Blind Leading the Blind?
  • [15:41] Warren Buffett was called senile in 1999
  • [20:30] Paul Moore – what I love about self storage
  • [26:06] Wellings Capital's search for expert RV park operators
  • [31:17] You literally own the pad when you invest in RV parks
  • [36:27] There's never been a sustained drop in real estate prices—really?
  • [41:06] Cap rate decompression can crash a lot of people
  • [46:13] A great operator thinks like Michelangelo

 

Resources:

 

Website:              https://www.wellingscapital.com/

LinkedIn:             https://www.linkedin.com/in/paul-moore-3255924/

 

Follow The Military Millionaire Podcast's journey on:

 

Website:              https://www.frommilitarytomillionaire.com/

YouTube:             https://www.youtube.com/c/Frommilitarytomillionaire/

Facebook:           https://www.facebook.com/groups/1735593999901619/

Instagram:          https://www.instagram.com/frommilitarytomillionaire/

 

Become A War Room Mastermind Group Member:

https://military-millionaire-academy.teachable.com/p/the-war-room

 

Grab your book copy of The No B.S. Guide to Military Life - How to Build Wealth, Get Promoted, and Achieve Greatness, Book by David Pere:

https://www.amazon.com/B-S-Guide-Military-Life-greatness/dp/1736753010

 

From Zero to One: Real Estate Investing for Beginners:

https://military-millionaire-academy.teachable.com/p/from-zero-to-one-real-estate-investing-101

 

Grab hold of your 2-Week FREE Trial of Propstream Now:

https://trial.propstreampro.com/militarytomillionaire/

 

Sponsor: let us help you find the perfect real estate agent and/or VA Lender! https://www.frommilitarytomillionaire.com/va-realtor/

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Real Estate Investing Course: https://www.frommilitarytomillionaire.com/teachable-rei

Recommended books and tools: https://www.frommilitarytomillionaire.com/kit/

Become an investor: https://www.frommilitarytomillionaire.com/investor/

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SUBSCRIBE: https://bit.ly/2Q3EvfE

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Website: https://www.frommilitarytomillionaire.com/start-here/

Instagram: https://www.instagram.com/frommilitarytomillionaire/

Facebook: https://www.facebook.com/groups/militarymillionaire/

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My name is David Pere, I am an active duty Marine, and have realized that service members and the working class use the phrase "I don't get paid enough" entirely too often. The reality is that most often our financial situation is self-inflicted. After having success with real estate investing, I started From Military to Millionaire to teach personal finance and real estate investing to service members and the working class. As a result, I have helped many of my readers increase their savings gap, and increase their chances of achieving financial freedom! - Click here to SUBSCRIBE: https://bit.ly/2Q3EvfE to the channel for more awesome videos!

THIS SITE IS INDEPENDENTLY OWNED AND OPERATED. ALL OPINIONS EXPRESSED HEREIN ARE MY OWN. THE VIEWS EXPRESSED ON THIS SITE ARE THOSE OF THE AUTHOR OR THE AUTHOR’S INVITED GUEST POSTERS, AND MAY NOT REFLECT THE VIEWS OF THE US GOVERNMENT, THE DEPARTMENT OF DEFENSE, OR THE UNITED STATES MARINE CORPS.

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