Acquiring Assets From Mom & Pop Sellers With Paul Moore

Todays #RitterOnRealEstate guest is Paul Moore. After a stint at Ford Motor Company, Paul Moore co-founded a staffing firm where he was finalist for Michigan Entrepreneur of the Year two years straight. After selling the staffing firm to a publicly traded company, Paul Moore began investing in real estate, founded multiple investment and development companies, appeared on HGTV, and eventually completed 85+ real estate Investments and exits, including a large multifamily development. He has contributed to Fox Business and is a regular contributor to Bigger-Pockets, producing live video and blog content regularly. Paul also co-hosted a wealth-building podcast called How to Lose Money and he’s been a featured guest on 200+ podcasts. Paul is the author of The Perfect Investment – Create Enduring Wealth from the Historic Shift to Multifamily Housing and 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. Key Points From This Episode: Stumbling into real estate in 2000 after working for Ford Motor Company and selling a staffing company. Early interests in real estate syndication. The importance of good margins when buying and selling deals.Acquiring assets from Mom & Pop sellers.The value-add opportunities that come with buying from Mom & Pop sellers.Undercapitalized and mismanaged deals.Why mobile home parks are underrated investments. Forced appreciation and why it's important when investing in real estate. The importance of time management. Books Mentioned:Mastering the Market Cycle by Howard MarksThe One Thing by Gary KellerCheck us out on socials: InstagramLinkedInYoutubehttps://hudsoninvesting.com/Production by Outlier Audio