Paul Moore has made money, lost it, and now believes in investing in real estate for retirement with rungs on the board to prove his investing success. Learn why investing in real estate for retirement makes sense?
Know why life can be so much better with a plan and a why. Paul Moore made money young and retired early. That was his first mistake retiring without a plan. He then went on and thought he was investing but learned the hard way the difference between investing and speculating. On todays show we learn how not to lose money and know why life can be so much better with a plan and a why.
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 sold it to a publicly traded firm five years later for $2.9 million.
Along the way, Paul was Finalist for Ernst & Young’s Michigan Entrepreneur of the Year two years straight (1996 & 1997).
Paul later entered the real estate sector, where he flipped over 50 homes and 25 high-end waterfront lots, appeared on HGTV’s House Hunters, rehabbed and managed rental properties, built a number of new homes, developed a subdivision, and started two successful online real estate marketing firms.
Three successful developments, including assisting with the development of a Hyatt hotel and a very successful multifamily project, led him into the commercial multifamily arena.
Paul in now part of Wellings Capital, an income-focused multifamily real estate investment firm centered on providing stable, yield-producing investments to their clients. They follow a reliable blueprint: an active, personalized approach to portfolio and asset management coupled with a conservative investment philosophy.
Paul is the author of The Perfect Investment – Create Enduring Wealth from the Historic Shift to Multifamily Housing (2016). Paul also co-hosts a wealth-building podcast called How to Lose Money, is a featured guest on numerous real estate podcasts, and is a regular author for Bigger Pockets.
On today’s show Ann Nelson chats to Paul Moore about how not to loose money and why he believes in investing in real estate for retirement.
SUMMARY
3:25 Paul Moore’s background
5:00 Know the difference between investing and speculating
6:00 Lessons from investing mistakes
8:00 Multi family real estate pays off
13:00 Working with syndications
15:50 About Wellings Capital
21:00 Investors need a Why
26:30 How to Lose Money podcast
Connect with Paul online
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