Exploring Real Estate Investments That Make The Most Sense

Paul Moore joins us on The Art of Passive Income to share valuable insight on which real estate investments make the most sense.Paul graduated from Ohio State with an Engineering degree and an MBA and after working at the Ford Motor Company for five years, Paul left to start a staffing company with a partner in which they had scaled and then sold to a publicly traded firm five years later.After a brief retirement, in 2000, Paul entered the real estate sector to protect and grow his own wealth. He has flipped over 50 homes, 25 high-end waterfront lots, appeared on HGTV’s House Hunters, rehabbed and managed dozens of rental properties, built a number of new homes, developed a subdivision, and started two successful online real estate marketing firms.Paul is also the author of The Perfect Investment – Create Enduring Wealth from the Historic Shift to Multifamily Housing. And, he also co-hosts a wealth-building podcast called, How to Lose Money.Paul is currently the managing director of two commercial real estate funds at Wellings Capital.Paul Moore is a big deal!Listen in as Paul talks about why he came out of retirement to start investing in real estate and dives into the lessons he has learned in those 20 years as an investor.“If you keep playing double or nothing with all of your capital, you're going to land on nothing at some point and you'll have to start over.”Paul does a deep dive into commercial real estate and unlike residential, where the market dictates the housing values, commercial is based on a value formula which Paul shares with us today along with specific things you can do to force appreciation.We also discuss:Why Paul titled his podcast, How To Lose MoneyThe best asset class for new investorsFinding access to commercial opportunitiesPaul also addresses the stigma behind mobile home parks and why it’s important to have a recipe to follow and get to a place where we're willing to deal with, survive and thrive with the monotony of boredom.TIP OF THE WEEKMark: Learn more about Paul Moore—his investment philosophies, his funds. Go to WellingsCapital.com.Scott: Go to SubscriptionZero.com to set up an email address where you can get all your subscriptions in one weekly digest.Paul: Check out the book, Building a StoryBrand: Clarify Your Message So Customers Will Listen by Donald Miller. If you want to learn more, you can go to their website and learn how to tell your story, it will help you a lot.Isn’t it time to create passive income so you can work where you want, when you want and with whomever you want?