Podcasts about storing up profits

In this episode, Michael Blank is joined by seasoned investor Paul Moore, founder of Wellings Capital, to unpack the journey from flipping houses and chasing every real estate strategy… to raising over $200 million in capital and building a fund-based business that finally delivered real wealth. Paul shares how a single moment with a mentor forced him to stop winging it and build a true capital-raising system.They dive deep into how capital raisers can grow with or without a deal, the myths about passive income, and why commercial real estate is fundamentally different (and more powerful) than residential. This episode is a masterclass in focus, mindset shifts, and breaking through plateaus by specializing.Key Takeaways: Passive Income Is a Lie—Until You Do This: Both Paul and Michael learned the hard way that flipping houses isn't passive—and the real path to financial freedom is cash-flowing commercial assets.Focus Beats Hustle: Paul was stuck chasing inconsistent deals until he narrowed in on raising capital and built a repeatable system to attract investors.Raising Capital Is a Skill, Not a Gift: Whether you do it 1-on-1 or through content marketing, anyone can learn how to raise millions—if they follow a proven playbook.Why the "Old Boys Club" Ignores You: Breaking into commercial real estate requires more than desire—you need credibility, partners, and a real strategy to be taken seriously.Commercial Real Estate Is Based on Math, Not Hype: Unlike residential, you can force appreciation through net income. That means you have control over value.The Fund Manager Model: Paul explains how capital raisers can scale faster—and stay compliant—by launching their own funds and partnering with proven operators.Connect with Paul Moore:Website: wellingscapital.comResources: Free eBooks on multifamily, self-storage, and mobile home park investing → wellingscapital.com/resourcesBooks: Author of The Perfect Investment, Storing Up Profits, and Warren Buffett's Rules for Real Estate InvestorsSocial Media: Find Paul on LinkedIn, YouTube, or search for Paul Moore Wellings CapitalPhilanthropy: Support his anti-human trafficking work at aimfree.orgConnect with MichaelFacebookInstagramYouTubeTikTokResourcesTheFreedomPodcast.com Access the #1 FREE Apartment Investing Course (Apartments 101)Schedule a Free Strategy Session with Michael's Team of AdvisorsExplore Michael's Mentoring ProgramJoin the Nighthawk Equity Investor...

Paul Moore is the Founder and Managing Partner of Wellings Capital, a real estate private equity firm. After beginning his career at Ford Motor Company, he co-founded a staffing firm, becoming a two-time finalist for Michigan Entrepreneur of the Year. Following its sale to a publicly traded company, Paul transitioned into real estate, launching multiple investment and development companies and completing over 100 commercial and residential deals.   A recognized industry expert, Paul has contributed to Fox Business, The Real Estate Guys Radio, and BiggerPockets, where he produces live shows, videos, and blogs. He has been featured on over 200 podcasts and co-hosted *How to Lose Money.* He is also the author of Storing Up Profits and The Perfect Investment.   In this episode, we talked to Paul about the fund structure, his book, The Perfect Investment, the ideal investor for this structure, the future of the market, and much more.   Get ready for REWBCON 2025, happening from April 10th to 12th! Use my code JOHN at checkout for 10% off your ticket.   Real Estate Investment;   02:33 Paul's background; 05:42 Paul's book, The Perfect Investment 12:50 An insight into the fund structure 17:40 The ideal investor for this; 21:35 An insight into the future of the market; 24:10 Round of Insights   Announcement: Learn about our Apartment Investing Mastermind here.   Round of Insights   Apparent Failure: Making a wrong investment choice back in late 90's. Digital Resource: Slack & Voxer. Most Recommended Book: The Unsold Mindset. Daily Habit: Meditating, reading and journaling every morning. #1 Insight for thinking like an investor and not a speculator: Become an expert in the one thing you're focusing on. Best place to grab a bite in Lynchburg, VA: William & Henry.   Contact Paul: Website Check out our first interview with Paul: Episode 154   Thank you for joining us for another great episode! If you're enjoying the show, please LEAVE A RATING OR REVIEW,  and be sure to hit that subscribe button so you do not miss an episode.

Connect with the host:LinkedIn: https://www.linkedin.com/in/brandon-e-jenkins/Website: https://www.birchprosper.com/ --About the guest:Paul Moore is the Founder and Managing Partner of Wellings Capital, a real estate private equity firm. He transitioned from a successful stint at Ford and co-founding a staffing firm—earning him 2x Finalist for Michigan Entrepreneur of the Year—to becoming a prominent real estate investor. Paul has completed over 100 commercial and residential deals, appeared on HGTV, and contributed to Fox Business and BiggerPockets. He also co-hosted the podcast "How to Lose Money" and authored Storing Up Profits and The Perfect Investment. Connect with Paul Moore: Email: invest@wellingscapital.comWebsite: https://www.wellingscapital.com/Episode Highlights:✔️ How to find your 'Big Why'✔️ True investing vs speculation✔️ Surviving debt and financial crisis✔️ Impact of FOMO on investment decisions✔️Advice for new investors--

Are you tying to get into commercial real estate ? Do you know the difference of investing and speculating? Do you want to know how to find your niche ? Paul Moore is the founder and managing partner of Wellings Capital, a company that vets and invests in large-scale commercial real estate projects, including self-storage syndications. In the real estate sector, Paul has been investing for more than twenty years—he has completed more than one-hundred real estate investments and exits, appeared on an HGTV special, developed a waterfront subdivision, built and managed a large multifamily property, and launched a successful online real estate marketing firm. Paul is the author of Storing Up Profits and co-hosted How to Lose Money, a wealth-building podcast, contributes to BiggerPockets.com and Fox Business, and is a two-time Finalist for Michigan Entrepreneur of the Year. In Today's Episode, Paul has some advices for the newer ! he walks us through his journey in real estate, how he overcomes the barriers to entry commercial real estate, and how to know what to hold onto and get off in your plate in orfer to get to your next level success ! Connect with Paul Moore : Website : https://www.wellingscapital.com/ LinkedIn : https://www.linkedin.com/in/paul-moore-3255924/ Twitter : https://twitter.com/PaulMooreInvest Instagram : https://www.instagram.com/paulmooreinvest/ Connect with us Today : Facebook: https://www.facebook.com/MIT-Capitals... Instagram: https://www.instagram.com/mit_capitals/ Email: info@mitcapitals.com Leave a comment and share your thoughts: https://open.firstory.me/user/cl1iz13pq047b0h3n6uyvakqk/comments Powered by Firstory Hosting

Are you tying to get into commercial real estate ? Do you know the difference of investing and speculating? Do you want to know how to find your niche ? Paul Moore is the founder and managing partner of Wellings Capital, a company that vets and invests in large-scale commercial real estate projects, including self-storage syndications. In the real estate sector, Paul has been investing for more than twenty years—he has completed more than one-hundred real estate investments and exits, appeared on an HGTV special, developed a waterfront subdivision, built and managed a large multifamily property, and launched a successful online real estate marketing firm. Paul is the author of Storing Up Profits and co-hosted How to Lose Money, a wealth-building podcast, contributes to BiggerPockets.com and Fox Business, and is a two-time Finalist for Michigan Entrepreneur of the Year. In Today's Episode, Paul has some advices for the newer ! he walks us through his journey in real estate, how he overcomes the barriers to entry commercial real estate, and how to know what to hold onto and get off in your plate in order to get to your next level success ! Connect with Paul Moore : Website : https://www.wellingscapital.com/ LinkedIn : https://www.linkedin.com/in/paul-moore-3255924/ Twitter : https://twitter.com/PaulMooreInvest Instagram : https://www.instagram.com/paulmooreinvest/ Connect with us Today : Facebook: https://www.facebook.com/MIT-Capitals... Instagram: https://www.instagram.com/mit_capitals/ Email: info@mitcapitals.com Leave a comment and share your thoughts: https://open.firstory.me/user/cl1iz13pq047b0h3n6uyvakqk/comments Powered by Firstory Hosting

Are you planning to dive into self-storage investing but don't know what and where to go? Wanna know more about how to use Cryptocurrency in your real estate transactions? Want to learn how to invest In distressed assets and make a profit? There is a wide range of investment possibilities if you choose to become a passive investor. One can invest in self-storage, build-to-rent, industrial or office buildings, mobile home parks, multifamily apartments and hotels to name some of the options. Like everything else, each asset type offers certain benefits with different downsides and risks. Joining us this week on Exit Strategies Radio Show is SCOTT KRONE who specializes in self-storage units and multi-family. He's been featured on NBC, Houzz, and was published in Paul Moore's book Storing Up Profits. Most recently, he founded Stor which allows crypto investors to invest in storage and also allows consumers to rent storage via coin. Scott walks through his mind-blowing journey, how he transitioned from other real estate asset classes into self-storage investing, its pros and cons, and essential things to do if you're looking to establish yourself to really build, grow, and accumulate wealth. What You'll Learn From This Episode: Who is Scott Krone and what got him to where he is today What is CODA Management Group and his other company, The difference between traditional investing versus self-storage investing. How to invest in distressed assets and how to make a profit? The true meaning of real estate according to Scott. Two massive things to improve the valuation of the property Best practices for finding a property value? Self-storage investing on the blockchain (Crypto). What is a Coin? How to utilize the Stor coin for self-storage customers? Multifamily or single-family properties. Which is a better investment? How to claim the freebies from this show? Factors to consider when investing in self-storage. You won't want to miss our latest podcast episode with Scott Krone. Simply refer this show and get a FREE BONUS: Feasibility Study - not only covers the self-storage industry as a whole, but it also covers why you should invest in that specific location Self-Storage Deal Analyzer - a tool used to compare deals whether it be a multifamily or single family. Connect with Scott Krone@ Email: info@codamg.com Facebook: https://www.facebook.com/CodaManagementGroup Connect with Corwyn @: Instagram: https://www.instagram.com/exitstrategiesradioshow/ FB Page: https://www.facebook.com/exitstrategiessc/ Youtube: https://www.youtube.com/channel/UCxoSuynJd5c4qQ_eDXLJaZA Website: https://www.exitstrategiesradioshow.com Email @: corwyn@corwynmelette.com --- Support this podcast: https://anchor.fm/corwyn-j-melette/support

IN THIS EPISODE, YOU'LL LEARN: 01:36 - What self-storage investing is.01:36 - Why self-storage investing has become so popular and competitive.11:26 - How to leave your W2 job for real estate investing.14:53 - What to look for in a self-storage facility.35:10 - What to avoid in a self-storage facility.38:08 - How to maximize cash flow.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.BOOKS AND RESOURCESRobert's book The Everything Guide to House Hacking.Paul Moore's book Storing Up Profits.Related Episode: Masterclass on Self-Storage w/ Nick Huber - REI077.Related Episode: Mastering Self-Storage w/ Paul Moore - REI108.Related Episode: Multifamily to Self-Storage Conversions w/ Scott Krone - REI151.NEW TO THE SHOW?Check out our Real Estate 101 Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Keep up with the latest news and strategies on real estate investing with the best real estate podcasts.P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSGet a FREE audiobook from Audible.Invest in high quality, cash flowing real estate without all of the hassle with Passive Investing.Get personalized, expert advice that helps you see things clearly with ATB.Save time and money on your rental property insurance with Steadily. Get a commitment-free quote today.If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.Ship with FedEx and be ready for this holiday season with picture proof of delivery.Support our free podcast by supporting our sponsors. Connect with Robert: Website | Instagram | TwitterConnect with Sultan of Storage: TwitterSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In this week's episode, we will be taking a look at storing up profits with founder and managing partner of Wellings Capital, Paul Moore. Tune in to find out more!"One thing that we've been surprised about with self-storage is that it's recession resistant but it's actually strengthened during boom times."-Paul MooreHere are 5 Key Takeaways from this episode:Why Paul ended up moving in the self-storage direction?The risks of investing in self-storageRedeveloping old buildings to self-storage: is it an opportunity?Major differences that makes self-storage an attractive assetHow getting a deal with U-Haul works for self-storage ownersHonorable Mentions & Useful LinksThe ONE Thing: The Surprisingly Simple Truth About Extraordinary ResultsStoring Up Profits: Capitalize on America's Obsession with STUFF by Investing in Self-StorageThe Investor's Guide to Growing Wealth in Self-Storage: The Step-By-Step Playbook for Turning a Real Estate Asset into a Thriving Self-Storage BusinessConnect with Paul Moore:LinkedInWebsiteEmail: paul@wellingscapital.comPhone: (800) 844-2188Ready to take the next steps in your Military Real Estate Investing journey? Watch our Masterclass and claim your EPIC reward for action. Tap here to register today!Are you looking for a loan for your next project? Look no further! Check out ADPI Financial Services for all of your residential and commercial lending needs!No Time...No Worries! Get all the info you need now by texting DEAL to 33777Ready to become a PASSIVE INVESTOR? Check out ADPI Capital™ and learn how you can get started passively investing in commercial real estate for only $500! Tap the link above or text ADPI to 33777Helpful ResourcesConnect with the ADPI: Facebook |  Instagram | YouTubeSupport the show

Creating true wealth is having assets that produce cash flow, which is often found in commercial and residential rental real estate. This notion is what our guest, Paul Moore, founder, and managing partner of Wellings Capital, imparts in this episode of Purpose-driven Wealth. As someone who's been in the business for years, Paul sees that many folks are speculating instead of investing and have no idea what's the difference between the two. Take, for example, the things that can be done to multifamily as a great investment and turn it into speculation. He then shares how to refine your investment thesis through strategies for investing, recession-resistant investment, market insight, and more! So tune in and enjoy! In this episode, Paul talks about… Paul's background in real estate The Perfect Investment Recession-resistant investments Inflationary hedge component of real estate. What is the likelihood of stagflation in the future? The two most powerful forces ever known to man What were the previous funds like, and how are they structured? Finding good sponsors   About Paul Moore… Paul Moore is the founder and managing partner of Wellings Capital, a company that vets and invests in large-scale commercial real estate projects, including self-storage syndications. In the real estate sector, Paul has been investing for more than twenty years—he has completed more than one-hundred real estate investments and exits, appeared on an HGTV special, developed a waterfront subdivision, built and managed a large multifamily property, and launched a successful online real estate marketing firm. Paul co-hosted How to Lose Money, a wealth-building podcast, contributes to BiggerPockets.com and Fox Business, and is a two-time Finalist for Michigan Entrepreneur of the Year. Catch Paul Moore on… Wellings Capital website: https://www.wellingscapital.com/   Storing Up Profits book: https://www.amazon.com/Storing-Profits-Capitalize-Obsession-Self-Storage/dp/1947200488/ref=sr_1_1?crid=3AK57H09T7O0N&keywords=paul+moore+storing+up+profits&qid=1648843416&sprefix=paul+moore+%2Caps%2C225&sr=8-1   The Perfect Investment book:  https://www.amazon.com/Perfect-Investment-Enduring-Historic-Multifamilyebook/dp/B01M0UDZ4D/ref=sr_1_1?keywords=the+perfect+investment&qid=1648843484&s=digital-text&sprefix=paul+moore+the+perfect+inve%2Cdigital-text%2C133&sr=1-1 Connect with Mo Bina on… Website:          https://www.high-risecapital.com/ Medium:          https://mobina.medium.com/ YouTube:        https://www.youtube.com/channel/UC5ISsEKBHlkX7lk9b68SKLA/featured Instagram:      https://www.instagram.com/highrisecapital/ For more information on passive investing in commercial real estate, please check out our free eBook — More Doors, More Profits — by clicking here: https://www.high-risecapital.com/resources-index                                              

The Investor Relations Real Estate Podcast Episode 129 - It's An Easy Way Into The American Dream Host: Jonny Cattani Guest: Scott KroneProducer: April MunsonJonny Cattani is joined by Scott Krone to discuss:Self storage Transformation Mr. Krone is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. During his time at Optima, Krone's responsibilities included such notable projects as the 400 unit Cormandel in Deerfield, IL, the 40 unit HedgeRow in Winnetka, IL, and the 51 unit Optima Center Wilmette in Wilmette, IL.In 2012, Krone founded Coda Management Group – a firm who specializes in managing real estate assets. Since its inception, Coda has managed a wide range of real estate including multi-family homes, retail, commercial warehouse, multi-use flex athletic spaces, and self-storage. Currently, the platform of investments is in excess of $70 million consisting of self-storage assets. In 2020, Krone co-founded One Stop Self Storage with facilities across the Midwest.In 1998, Krone founded Coda, an award winning Design + Build | Sustainability | Consulting firm. Since its inception, Coda has won numerous design/build awards including the international Green GOOD Design Award in 2010, International Realty 2.0 Leadership Award, Best of Houzz 2014, 2015, and 2017, and Design Evanston Award. Their work has been featured in notable publications as Storing Up Profits by Paul Moore, Dream Homes - Chicago, Midwest Luxury Homes, Crate & Barrel 2010 Best Catalogs, NBC TV Show Taste, and national ACE Hardware Commercials.Linked material referenced during the show: Book: The Road Back To You - Morgan Cronhttps://www.amazon.com/The-Road-Back-to-You-audiobook/dp/B01M0TPG72/ref=sr_1_1?crid=3FGU3T427MG9T&keywords=the+road+back+to+you&qid=1664450618&qu=eyJxc2MiOiIxLjc4IiwicXNhIjoiMS40MyIsInFzcCI6IjEuNTgifQ%3D%3D&sprefix=the+road+back+to%2Caps%2C98&sr=8-1Connect with Scott!Email: info@codamg.comWebsite: www.codamg.comWebsite: www.onestopselfstorage.com Connect with Jonny!Cattani Capital Group: https://cattanicapitalgroup.com/Invest with us: invest@cattanicapitalgroup.comLinkedIn: https://www.linkedin.com/in/jonathan-cattani-53159b179/Jonny's Instagram: https://www.instagram.com/jonnycattani/IRR Podcast Instagram: https://www.instagram.com/theirrpodcast/TikTok:https://www.tiktok.com/@jonnycattani?lang=enYouTube: https://www.youtube.com/channel/UCljEz4pq_paQ9keABhJzt0AFacebook: https://www.facebook.com/jonathan.cattani.1

Join Nick Lamagna as he sits down with guest Paul Moore, one of the most seasoned and experienced real estate investors to date on the show.  Paul is the author of such books as "The Perfect Investment" and "Storing Up Profits," published by the world famous BiggerPockets, as well as being featured on HGTV's House Hunter's Paul is now best known as the Founder and Managing Partner of Wellings Capital who Help high earners and high net worth individuals protect and grow their wealth through passive commercial real estate with a heavy focus on self storage units. Paul has done it all from fix and flips, selling waterfront lots, oil and gas, mobile home parks and more and brings a lifetime of experiences to keep you from wasting time and losing money on your journey to financial freedom. You will not want to miss this incredible individual share his knowledge. Topics for this episode include: ✅ How to lose money in Real Estate ✅ Why are Self Storage Units A Good Asset Class To Invest In ✅ How Shiny Object Syndrome can cost you your health and money ✅ How to invest in changing real estate market cycles ✅ How real estate is the best way to protect your money against inflation ✅ Fighting Human Trafficking  ➡️ More! See the show notes to connect with Paul Text Nick today to do some real estate deals together whether you are new or experienced at (516) 540-5733  --- Connect with Paul: https://www.wellingscapital.com/ https://www.wellingscapital.com/resources Paul's Book "Storing Up Profits" Here --- Connect with Nick Lamagna www.nicknicknick.com Text Nick (516)540-5733 Connect on ALL Social Media and Podcast Platforms Here FREE Checklist on how to bring more value to your buyers

Today's Guest: Scott Krone Scott has been in self-storage for the last 9 years after transitioning from real estate to multifamily investments. Scott is a Chicago native whose career in architecture began in 1991 after pursuing his Master of Architecture from the Illinois Institute of Technology. In 2012, Scott founded Coda Management Group, a firm that specializes in managing real estate assets. Scott is also a co-founder of One Stop Self Storage with facilities across the Midwest and the founder of Coda, an award-winning design and build consulting firm. Coda has won numerous design/build awards, including the international Green GOOD Design, Best of Houzz, and Design Evanston Award. Their work has also been featured in notable publications such as Storing Up Profits by Paul Moore, Dream Homes, Midwest Luxury Homes, NBC TV Show Taste, and more. Highlights From The Show: We begin the episode with Scott sharing his background story and how he ended up in the self-storage space. Scott shares that he grew up as a creative kid involved in various sports but was fortunate to study architecture in high school. However, Scott gave up architecture to play sports and do normal college things rather than being dedicated to a studio. Scott wanted to get into their family business after graduating from college, which was not possible, so he had to go back to architecture. Fortunately, at that time, they had new programs that allowed him to earn a Masters in architecture. He jumped into it and was again fortunate to get connected to a professor who owned a real estate development architecture company and got right in multifamily. Scott started his own company in 1998, with single-family, multifamily, mixed-use, and institutional properties, and then the market crashed. Scott started exploring other options because it was difficult in the residential market except for apartments. This led him to self-storage, which had a lot of similarities to multifamily, but it was more resilient, especially in recession and massive downturn markets. We then talk about why self-storage is more resilient than other real estate investments, including multifamily. Scott shares that it is difficult in the market, and self-storage gives viable options to address these problems and overcome the challenges. Scott went back and analyzed every recession since 1979 and compared self-storage occupancy in each of them. Scott shares that no other class of real assets has a natural resilience like self-storage, even the housing market. In recession markets, housing slows down, renovation slows down, and construction stops, but self-storage will always continue to thrive. Next, we discuss how you can break into the self-storage world of investing as a new investor. Scott shares that there are three asset classes within self-storage, and they all differ from multi-family. They include class A, B, and C assets. According to Scott, Class C assets include first-generation self-storage (small under 200 units from mom and pops), and they give a nice return on a regular basis. The next one is class B which is a more suburban, larger driver facility and sometimes with primary control. At the top is class A, a property with both appreciation and cash flow, which comprises large institutions in the city. According to Scott, the three assets represent different strategies, and the easiest way to get into self-storage is by buying class C properties. However, if you want to do a B or A, he recommends joining a venture or partnership group. We then talk about how to find opportunities and people who own self-storage and want to sell. He shares that you get more opportunities by driving for dollars. Scott tells me that if you are looking for class C, it's pretty hard to find them because they are not corporate, and the properties might be under their own name. They also use them as bank accounts with cash flow coming in to pay their bills. According to Scott, there are similar institutions for self-storage as there are on the residential side, and the larger ones, classes B and A, are predominantly done by brokers. Make sure you don't miss another amazing episode of the Just Start Real Estate Podcast with Scott Krone and get valuable information on how to invest successfully in self-storage! Notable Quotes: “In self-storage, you can alter the unit's configuration to match the market condition, but you don't have that flexibility in multifamily.” Scott Krone “Self-storage unit portfolios are valued exactly the same way multifamily houses are done using CAP rate and ROI.” Scott Krone “During recessions, housing and renovation often slow down, and construction stops, but self-storage always continues to thrive.” Scott Krone Thank You for Listening! Connect with Mike on Twitter, Instagram, YouTube, Linkedin, Facebook Help Out the Show: Leave an honest review on iTunes. Your ratings and reviews really help, and I read each one. Subscribe on iTunes. Resources and Links From Today's Show: Coda Management Group Onestop Self-Storage Coda Design and Build Scott on LinkedIn Scott's Email More Resources From Mike: Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months WINNING DIRECT MAIL - How to CRUSH IT with direct mail! 7 Figure Investor Video Course - Scale your business to 7 figures. I'll show you how!

“If you are getting an asset, you should be looking for an asset with intrinsic value you can unlock.” - Paul Moore   Today I am interviewing Paul Moore for the 2nd time here on the Real Estate Breakthrough Show. He is the Managing Partner and Founder of Wellings Capital and is an investor, author, and educator. Paul has presented at my FIBI Pasadena meeting numerous times and is a world class real estate investor. He recently released a book called Storing Up Profits and will have his recent FIBI Pasadena presentation available on our Youtube Channel. He is still a renaissance man, remains a good friend, and a trusted resource.    Paul Moore: has his BA in engineering and MBA from Ohio State. He has successfully managed and rehabbed 40+ properties and completed investments and exited over 85 real estate deals. Paul authored his first book  The Perfect Investment, which spells out everything you need to know about apartment investing. He authored his 2nd book Storing Up Profits, which breaks down the value of investing in self storage. He is the co-host of the How to Lose Money  podcast and a contributor to Bigger Pockets and more.    TOPICS COVERED IN THE EPISODE   What is Wellings Capital  Investing vs speculating  Who is Benjamin Graham  The wisdom of Warren Buffet  Why did Paul get into real estate investing Why multi-family is not the perfect deal  Are we overpaying to compete  Can self storage maintain during a downturn  Does does inflation impact self storage  How large rental buildings become owned by corporations  75% of self storage is still owned by mom and pop investors What types of value adds align with self storage  Christina's first multi-family property  What is the knowledgeable investors choice  When do we start babysitting the market  Upgrading mom and pop investments  What happened with Zillow  Listen now and find out how Paul found his Real Estate Breakthrough! The Real Estate Breakthrough Show with Christina Suter is where we talk about the reality of real estate, the mindset you need and the tips and tricks to get you moving forward in investing. Join us every week and learn everything you need to know to invest in real estate education and create real wealth for a lifetime. Find out more about Paul here:    Website Wellings Capital Twitter @PaulMooreInvest Linkedin Paul Moore YouTube Paul Moore

Why would a commercial real estate investor, author, and syndicator move away from apartments and become a self-storage investor? https://www.youtube.com/watch?v=0y_47Zr3F6g Paul Moore, real estate investor and author of Storing Up Profits, demonstrates how to capitalize on America's obsession with stuff by investing in self-storage. So, if you want to find out what's to love about self-storage, learn the risks and downsides of self-storage, and get the scoop on how it performed during the pandemic ... tune in now! Table of contentsPrior Interviews with Paul MoorePaul's Introduction to Self-StorageBigger PocketsWhy Self Storage?What is Value-Add in Self Storage?The Risks of Self StorageHow to Get Started in Self-StorageConnect with Paul Book A Strategy Call Prior Interviews with Paul Moore Lessons from a Commercial Multifamily Investor, with Paul MooreWellings Capital: Opportunities in Commercial Real Estate, with Paul Moore Paul's Introduction to Self-Storage After selling his company to a public firm in his 30s, Paul thought he was going to get out of the game and focus on his family. However, he quickly realized that he wasn't fulfilling his calling, and therefore was not being the husband or father he wanted to be. On top of that, he was bored.  This spurred him to seek a way to fill his time in a purposeful way that could also help him protect his family's wealth. What occurred to him was real estate, so he started flipping houses and lots, and finally building houses. [4:28] “I found out something really important that everybody needs to know. If you don't know how to tighten the doorknob on your own house, you probably shouldn't build a house.” Eventually, he found his place in multi-family real estate. But after a while, he felt like what he thought was the “perfect investment” was no longer perfect because he had to overpay to get it. After research and time, his team discovered self-storage investments and created a fund to invest in that space. Bigger Pockets Paul started his work with Bigger Pockets as a blogger, sharing his wisdom on real estate. And every six months, he would ask, “Is there anything else I can do to serve you?” Because Paul was invested in their success, and helping Bigger Pockets succeed, they'd let him do videos, live shows, and write books through them. [7:17] “Bill Gates, he did three things to become the wealthiest person in the world. Number one, he decided at a young age what he wanted to do and he stayed in that lane… Second, he… found the biggest, most influential platform in the world that would be willing to let him partner with them. And then the third step is… not obvious. He did everything in his power to make them successful. Not himself, but them.” Why Self Storage? One of the benefits to self-storage, as Paul shares, is the short time frame the asset operates on. When you lease commercial property to someone, those leases are often a decade or two long, which means that rent is locked in. With self-storage, leases occur on a month-to-month basis, so you can raise prices as you see fit each month.  [10:58] “The thing I like best, though, is the fragmented industry. Now self-storage has about 53,000 facilities in the US. That's about the same as McDonald's, Starbucks, and Subway combined.” About 75% of these facilities are run by independent operators, and two out of every three independents own one facility. This means they're classified as a mom and pop, and they don't have to have a lot of knowledge to make a good profit. However, this creates opportunities for experienced investors to come in and acquire the property, and capitalize on any oversights to drive further profits.  What is Value-Add in Self Storage? [18:06] “The first time I heard value-add and self-storage, I think I laughed out loud. I mean, where are the countertops and cabinets and flooring and bark park and lighting and, you know,

CHANGING THE GAME through Real Estate Ep: 30#recessionproofinvesting #recession2022 #storingupprofitFeaturing: Paul Moorewebsite: ( https://www.wellingscapital.com/ )Instagram: (  https://www.instagram.com/paulmooreinvest/?hl=en )HOST: Tyler Wynn Website: ( https://linktr.ee/Wynningteam757 )Instagram: ( https://www.instagram.com/wynningteam757/?hl=en )In this Episode Paul will discuss his story on how he made millions became millions of dollars in debt and how he invests now! He will also discuss who is Paul Volcker and why is he so important to what it to come. He also discusses what numbers you will need to have to protect yourself in the coming downturn and what you should be doing to prepare! he also discusses what his purposes is and what has motivated him in the past and the future!MUSIC : King Reynard (https://www.instagram.com/kingreynard11/?hl=en )*****DISCLAIMER****I AM NOT A CPA, ATTORNEY, INSURANCE, CONTRACTOR, LENDER, OR FINANCIAL ADVISOR. THE CONTENT IN THESE  VIDEOS SHALL NOT BE CONSTRUED AS TAX, LEGAL,INSURANCE, CONSTRUCTION, ENGINEERING, HEALTH OR SAFETY, ELECTRICAL, FINANCIAL ADVICE, OR OTHER AND MAY BE OUTDATED OR INACCURATE; IT IS YOUR RESPONSIBILITY TO VERIFY ALL INFORMATION YOURSELF. THIS IS A PODCAST AND YOUTUBE VIDEO FOR ENTERTAINMENT PURPOSES ONLY

Paul Moore had a brief stint at Ford Motor Company, he co-founded a staffing firm where he was a two-time finalist for Michigan Entrepreneur of the Year. After he sold the firm, he got started investing in real estate and found multiple investment streams, appeared on HGTV, and has done over 100 commercial and residential deals. He wrote the book Storing Up Profits, launched by Bigger Pockets, and that's what he's here to talk about today. Key Talking Points of the Episode [01:24] Listen to Simple Passive Cashflow! [03:20] What has Paul been doing recently?  [04:40] What happened with Paul's self-storage business? [06:42] How does Paul interpret value-add in business? [08:15] Where does the value of commercial real estate come from? [10:00] Are there value-add opportunities in self-storage? [13:39] What is Storing Up Profits about? [15:31] Who should read Storing Up Profits? [16:25] Where can people buy a copy of Storing Up Profits? Quotables “Wall Street Journal, New York Times, and others have said it's the best emerging asset class in real estate since COVID.” “That's what we're looking for. We're looking for operators that are good at spotting and extracting intrinsic value.” “Value add would be finding an asset that has something missing or something that can be added, or intrinsic value that can be extracted.” “You can actually control at least the numerator in that equation, the net operating income, to some degree.” “Regardless of what the market is saying in general as far as comps, your math can actually give you a much higher appraisal.” “A mom-and-pop may just be looking at the storage unit itself, not realizing how much more potential there could be.”

My guest in this episode is Paul Moore. Paul 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. Interview Links: Wellings Capital Storing Up Profits Book Grab My Book: The 21 Best Cashflow Niches™: www.cashflowninja.com/21niches Programs: The Cashflow Ninja Cashflow Investors Club™: www.cashflowninja.com/club Your Own Banking System™ : www.yourownbankingsystem.com Your Own Family Office™: www.cashflowninja.com/familyoffice The Crypto Investing Method™: www.cashflowninja.com/crypto The Cashflow Creator Formula™: www.cashflowninja.com/creator The Cashflow Core Builder™: www.casflowninja.com/core The Cashflow Multiplier™: www.cashflowninja.com/multiplier The Cashflow Quantum™: www.cashflowninja.com/quantum Connect With Us: Website: http://cashflowninja.com Podcast: http://cashflowinvestingsecrets.com Facebook: https://www.facebook.com/cashflowninja/ Twitter: https://twitter.com/mclaubscher Instagram: https://www.instagram.com/thecashflowninja/ Pinterest: https://www.pinterest.com/mclaubscher/cashflow-ninja/ Linkedin: https://www.linkedin.com/in/mclaubscher/ Youtube: http://www.youtube.com/c/Cashflowninja Bitchute: https://www.bitchute.com/channel/cashflowninja/ Rumble: https://rumble.com/c/c-329875 LBRY.tv: https://lbry.tv/@Cashflowninja:9?r=DoJHKKGqTbf8sdChMP1oLtCrJWEYK3ZM Brighteon: https://www.brighteon.com/channels/cashflowninja Brandnewtube: https://brandnewtube.com/@cashflowninja Parler: https://parler.com/profile/cashflowninja/ Gab: https://gab.ai/cashflowninja Minds: https://www.minds.com/cashflowninja Biggerpockets: https://www.biggerpockets.com/users/mclaubscher Medium: https://medium.com/@mclaubscher Substack: https://mclaubscher.substack.com/

Self-storage investing and promoting my new book called Storing Up Profits

Join us LIVE every Thursday at 12:00 PM Eastern for the Real Estate Investor Show - Hard Money for Real Estate Investors. This week, the Carolina Capital Management team is joined by Paul Moore, the Founder and Managing Partner of Wellings Capital. https://www.wellingscapital.com/ 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", Paul began investing in real estate in 2000 to protect and grow his own wealth. He completed over 85 real estate investments and exits and began to narrow his focus on commercial real estate in 2010. Paul is the author of two books on commercial real estate and is the Managing Partner of Wellings Capital, a private equity real estate firm. Timestamps: 0:01 - Introduction: Self-storage, Investment returns and Preserving wealth 1:00 - https://www.CarolinaHardMoney.com 1:20 - Wednesday with Wendy: https://calendly.com/wendysweet/wedne... 2:07 - Today's guest: Paul Moore, Managing Partner of Wellings Capital 4:56 - What most true investors are looking for. 8:34 - Retaining vs. Building Wealth - The Boring Investor 12:23 - Investing in Self-Storage 13:14 - Creating growth Vs. Cashflow 14:48 - Carolina Capital Management investing in Self-storage 16:19 - “Storing Up Profits” - a book by Paul Moore about investing in self-storage 18:21 - Capital rates of Self-storage assets 20:27 - Self-storage investing value-add. 26:55 - Equations for commercial real estate. 27:45 - Wellings Capital Fund 29:40 - Connect with Paul Moore - https://www.wellingscapital.com/ Carolina Capital is a hard money lender serving the needs of the “Real Estate Investor” and the "Small Builder" borrower who is striving to build wealth and generate income for themselves and their families. We offer “hard money rehab loans” and "Ground-up Construction Loans" for investors only in NC, SC, GA, VA, and TN (some areas of FL, as well). As part of our business practices, we also serve as consultants for investors guiding them to network with other investors and educating them in locating and structuring transactions. Rarely, if ever, will you find a hard money lender willing to invest in your success like Carolina Capital Management. Listen to our Podcast: https://thealternativeinvestor.libsyn... Visit our website: https://carolinahardmoney.com YouTube Channel: https://www.youtube.com/channel/UCYzC... Facebook: https://www.facebook.com/CarolinaHard... https://youtu.be/yKDSthbVwhk

We have been wired throughout our lives that nothing is perfect, but for Paul Moore, something is. A veteran in the real estate space, Paul has completed over 85 real estate investments and exits and has been serving as Managing Partner of Wellings Capital, a private real estate equity firm.  He wrote the best-selling book, “The Perfect Investment,” to educate new and seasoned real estate investors on how multifamily investing can create wealth that lasts generations. In this book, he reveals the secrets that the super-wealthy don't want us to know, including the ways–legal, of course–to generate large-scale profits while paying essentially no taxes.    [00:01 - 01:50] Opening Segment Here's a quick recap of when Paul Moore was a guest in our show for the first time Why you should listen to Paul on how to beat inflation [01:51 - 10:22] The Perfect Investment The reason Paul believes that multifamily is the best investment The difference between intrinsic value and value-add How to add value to a property? Listen to this step-by-step explanation from Paul [10:23 - 20:48] “The Darling of Real Estate” Paul talks about why you should invest in self-storage properties He gives us a sneak peek about his other book, “Storing Up Profits” Watch out for this $250-million fund that Paul's team will launch This will offer options not available in normal syndications [20:49 - 21:45] Closing Segment Your way to make the world a better place Fighting to eradicate human trafficking Reach out to Paul  See links below  Final words   Tweetable Quotes “Value-add is when you're adding things to increase the net operating income and therefore increase the value of the property.” - Paul Moore “Self-storage is the best commercial real estate inflation catcher that I know of because…you can raise rents just like a commercial airline or hotel, books, rooms, or seats. You can do it dynamically.” - Paul Moore “What we do is we go out and find the very best operators with the best deals and we put them together in a diversified fund to give our investors sort of a mutual fund of highly vetted operators with intrinsic value-laced self-storage, mobile home park, apartment, RV parks, and even light industrial deals.” - Paul Moore -----------------------------------------------------------------------------   Email Paul at paul@wellingscapital.com or follow him on LinkedIn and Facebook. Passive commercial real estate investing does not have to be challenging! Visit Wellings Capital to invest in real estate now.  Connect with me: I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns.   Facebook LinkedIn   Like, subscribe, and leave us a review on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on.  Thank you for tuning in!   Email me → sam@brickeninvestmentgroup.com   Want to read the full show notes of this episode. Check below:    Paul Moore  00:00 Self-storage is the best commercial real estate inflation catcher that I know of. Because think about it, I have a friend who buys and or builds Amazon warehouses. And then he leases them to Amazon for 20 years. Well, he knows what his income is going to be, or at least his revenues in 19 years, but self-storage, man, you can raise the rents every month you can catch inflation and man, self-storage has responded so well, during this inflationary period. Because people, I mean, you can raise rents just like commercial airline or hotel, you know, books, rooms or seats, you know, you can do it dynamically.   Intro  00:38 Welcome to the How to Scale Commercial Real Estate Show. Whether you are an active or passive investor, we will teach you how to scale your real estate investing business into something big.   Sam Wilson  00:50 Hey, I'm welcoming back to the show today, Paul Moore. And for those of you that don't know, Paul came on the episode or came on the show on Episode 228 back on July 15, 2021. So if you have time, go back and reference that show. That was a fantastic show, where Paul really took the time to break down inflation and how savers are losers. But today, you know, and how you can profit from inflation. That's a fun episode there. Again, number 228. Go back and find that and listen to it. All the second time guest come on the show today. And really today, Paul, we're going to talk about how to find deals in any market and then maybe take a few minutes to kind of talk about your latest book coming out. So Paul, welcome to the show.    Paul Moore  01:28 Hey, it's great to be here again, Sam.   Sam Wilson  01:30 The pleasure is mine. I mean, let's just jump right in. You know, normally, there's kind of the preview where we ask guests to kind of tell about themselves, et cetera. But you've already done that for us on the previous episode. So let's take this time today to really just get right down to the nuts and bolts of it. So Paul, tell me, why have you begun thinking about how to find deals in any market? And then really, if you can just break down the actual mechanics of that?   Paul Moore  01:51 Yeah, great question. So I have been sounding an alarm. I wrote a book called The Perfect Investment, humbly titled, book about multifamily. And I do believe that multifamily is the perfect investment. If I had to put a million dollars somewhere and leave it there for 100 years, I'd put it in multifamily because I'm not sure you know what's going to happen in the future of self-storage, or what's going to happen in the future of anything. It's sort of like Warren Buffett said, look, he said, I'd rather invest in Wrigley's than the tech boom in 1999. Because I know how people will be chewing gum in 10 years, I don't know where the tech boom will be. And of course, he was mocked and scorned. And then two years later, he was heralded as a hero once again because he didn't lose so much money like the other guys. But at any rate, we've been worried that multifamily is getting overheated. And we were the victims of this ourselves. For time's sake, I won't get into it. But I'll tell you, we overpaid for a deal. And it hurt. It hurt us it hurt our investors. And we ended up, we got out of that for more than we paid. But nevertheless, you know, it just seems to me that this is the time when the very, very best of the best investors are getting the best deals. And I was really concerned that we weren't one of those we had only been around, you know, I only been doing multifamily since 2011. And I was even like that was kind of quasi hotel multifamily. And so we were concerned that maybe that the best deals like if the market turns, we don't want to be like buying for top dollar, which means minimum profit potential at the top of the market. Now, the good news is inflation like we talked about last time might save a lot of marginal deals, but I don't want to count on inflation to save my deal. And so I started thinking, what, how can you find deals that make sense in any market. Michelangelo was considered the greatest sculptor of all time. And he made a comment something along the lines of, well, he said, when I see that piece of marble, I don't just see a block of stone, I see an angel, it's inside. And I need to set the angel free to do that I need to chisel away all the superfluous stuff. And that just reminds me of the whole idea of intrinsic value. Value-add is when you're adding things to you know, increase the net operating income and therefore increase the value of the property. And that absolutely works. intrinsic value is a slightly different take on that. And that's when an expert operator or acquisition team can go look at an asset and see intrinsic value, you know, 90% or so of mobile home park operators, which is another type of multifamily, are mom and pop operators. They don't have the desire the resources or the knowledge to increase income and maximize value. 50% of self-storage operators are mom and pop operators and many of them are operating really well. But why would these folks need to increase income, some of them are mediocre, to be honest. But they're okay with that, because it's been cash flowing for years or decades. And the market has more than doubled the value of their property. I watched a Green Street webinar yesterday, it said, mobile home parks in particular have more than doubled in a short time. In other words, the cap rate has gone down to less than half of what it was right? So the thing is, a lot of these properties have intrinsic value buried in them. And so that's why we started looking for these. And we're excited to work with operators who know how to find these deals that have intrinsic value baked in, we can talk about that more if you want.    Sam Wilson  05:42 That's really, really intriguing. So when you say find deals in any market, you're thinking more in terms of the market keeps rising? Yeah, necessarily, in terms of everything falls into pieces, and then you're trying to find something that still works. Is that right?   Paul Moore  05:58 It's both. When I say any market, I'm not talking about geography here, though, that would be an application of this as well, right? But I'm talking about the fact that in a rising market, you need to find stuff when people are paying a 3.8 cap rate for stabilized deals. Well, those might be institutional investors who are willing to do that, but I'm not willing to do it. But am I willing to pay 3.8% cap rate or even less for a deal that's a mess, like the place in Grand Junction, Colorado, the self-storage facility that had 80% delinquency, which is easy to fix and self-storage by the way? Yeah. Am I willing to pay, you know, 3.8% cap rate in a mobile home park that has the opportunity to almost double the income in a year or two, just by fixing some things that are badly broken by a mom and pop operator? Yeah. Because that makes sense. And that's what I'm talking about when we're talking about finding intrinsic value.   Sam Wilson  06:58 Right. And that's less contingent upon the deal. And far more contingent upon the business plan and the operator implementing it.   Paul Moore  07:06 That's right. It's based on the current operator and how poorly they're running it, it might not even be poorly, it might just be that they don't see all the upside that they could create. It's also based on finding a great operator who is willing to buy that asset and make the upgrades. Here's a simple example, if I could do one. So imagine you buy a $2 million self-storage facility. Okay? That would be perhaps, you know, 25, 30,000 square foot self-storage facility, it's not important. Anyway, you pay 2 million for it. And let's say the rents are 20% below market. And so you bring those up. Well, that increases the value of the property, we know the value formula value equals income divided by cap rate. So that brings the value of the property up more than 20%. If you keep the cost fixed, if you can increase the revenue by 20, you might be able to increase the noi, the net operating income by 25 to 28%. Number one, that's one simple example that everybody knows, but here's something that some people wouldn't think of. Imagine adding U-Haul to a property. Okay. Now, U-Haul, let's say there's not much U-Haul in the area. And you can add U-Haul, you can get between one and $5,000 a month in income from which is basically commissioned from putting a U-Haul out front. Now you already have an employee there. And so you're not paying that much more, you have no CAPEX out of pocket. And let's say you can add $3,000 a month from adding U-Haul. 3,000 a month is $36,000 a year, $36,000 a year divided by a cap rate of let's say 6% point zero-six would be a $600,000 increase in value. Now, if you bought that for 2 million, and you increased it by 600,000, you just increased your value by 30%. And if you increased the rents by 28 or you got money from the rents, that's another 28%. So just in round numbers, let's just say you increase the value 50%. But if you got leverage, let's say you got a million dollars in debt, and a million dollars in equity, you only put a million dollars into that property. If you increase the value by 50%. You just doubled the value of your equity by two simple value adds but there's like 20 potential value adds in self-storage.   Sam Wilson  09:36 That's brilliant. Yeah, and that's one of the things that people are overlooking right now that I think you're bringing up some really valid points is that you have to have skilled operators that can identify poorly performing assets, generally in a fragmented industries such as mobile home parks, or even self-storage where it's still largely non-institutionally-owned, although we're seeing obviously in self-storage and mobile home parks, institutional expertise coming into the space but there's still opera tunity there. So that's really, really intriguing. What are you doing right now? I mean, obviously, you can leverage your, you know, decades of relationships. Maybe I'll ask this question differently. What do you suggest other people do to identify those skilled operators? Because there's a lot of people out here slinging deals. And there's a lot of people out you're slinging deals that I want nothing to do with. So tell me what you see. And how are you identifying that?   Paul Moore  10:23 Well, the last 1/3 of my book called storing up profits, which just came out on BiggerPockets in November, goes over seven different paths to make a fortune, if you will, in self-storage, but also multifamily mobile home parks, RV parks. And those seven paths, you know, would be including being a deal finder, being a capital raiser, finding a paid coach or mentor. But passive investing would be the one that I think I'm going to answer your question on passive, investing passively would be finding a fantastic operator, and then doing everything in your power to vet them carefully, and then invest heavily with them. So if that's your question, you know, if it's finding a great operator, I would recommend using Brian Burke's book, “The Hands-off Investor,” and The Hands-off Investor is a great guide to betting operators. And again, I would look for operators with lots of experience who know how to find these intrinsic value deals.    Sam Wilson  11:27 Yeah. And that's really intriguing. One of the things obviously, you know, I think you spoke to this, maybe we'll just take a left turn here for a second. But in storing profits, you said, Hey, you can you know, go into these deals with a capital raiser. And I think, you know, for the average person, like spending the time that it takes to understand the dynamics of the different types of investments, the different operators, what their return profiles are, I find I can bring incredible value to other people by vetting all of these deals myself out of the gate going okay, no, no, no, no. I mean, there's probably 100 deals that come to me one of them I might be really interested in. Right. Yeah. So I think that's an interesting, just kind of side point that you make there in storing up profits is that I mean, you can bring incredible value to those people. If you're the investor that doesn't want to spend the time learning Brian Burke's methods, find somebody like myself or lots of other people out there know the industry well or yourself. Obviously, you do this, you know, you're involved in this as well, where you pick out excellent operators, you can really short right process as well. So talk to us about the book, “Storing Up Profits.” I know you've touched on this briefly, but it is out or it is coming out.    Paul Moore  12:29 Yeah, it's out. And I want to be clear, before we leave that last point that I'm not saying you can go out and get a commission for raising money for other operators. If that interests you, dive deep into the SEC regulations and do it right. You don't want to lose sleep for years wondering if you did something illegal. And it's easy to do, right, Sam?   Sam Wilson  12:47 Correct. Absolutely. Thank you for pointing that out. Yeah, a lot of pitfalls to that. And you need to make sure you've dotted your I's and cross your T's.   Paul Moore  12:54 Right. So, Storing Up Profits. When I got into self-storage a number of years ago, I was looking for a great book, I was actually trying to order every book on Amazon about self-storage. And I didn't find that many, and some of them were self published. So I actually concluded, hey, I'm going to go ahead and write my own. And so the first third of the book is the overall view of self-storage. And of course, I wrote it to be honest before COVID hit full stride. And since COVID, Green Street and others have said Wall Street Journal, New York Times that self-storage is sort of the darling of commercial real estate right now. There's a lot of reasons for that. But I'll tell you that there's 53,000 or so self-storage facilities in the US. That's the same as McDonald's, Subway and Starbucks combined. Three out of four are run by independent operators and two out of every three of those are mom and pops with one operation. Many of those view this as a, you know, just a big metal boxes that spit out cash. Great. I'm glad you think that and I'm glad it happened for you. But if we can be an operator that goes in and buys that facility, pays them you know, honestly, pretty high price top dollar, we can increase the income. And we can you know, sometimes even compress the cap rate by actually putting together a portfolio of deals. We talked about inflation six months ago on your show, and self-storage is the best commercial real estate inflation catcher that I know of. Because think about it. I have a friend who buys and or builds Amazon warehouses, and then he leases them to Amazon for 20 years. Well he knows what his incomes going to be, or at least his revenues in 19 years but self-storage man you can raise the rents every month you can catch inflation and man self-storage has responded so well during this inflationary period because people, I mean, you can raise rents just like a commercial airline or hotel, you know, books rooms or seats, you know, You can do it dynamically. That's one thing a mom and pop would rarely ever consider doing. I mean, I talked to a mom and pop last night who hasn't raised rents in six years and doesn't think anything of that. Well, there's a lot of potential in a deal like that. And there's a lot of other reasons there is. The second third of the book, the first third is about the overall industry and the value adds and the math and all that, the second third of the book is four different strategies to build a self-storage empire. And those would be buying an existing performing asset to buying a value-add asset, intrinsic value deal, like we've talked about, three retrofitting an Old Sears, Kmart, or office building and making it into self-storage. And we know a lot of people who have done that. And then fourth, the fourth strategy would be obviously building from the ground up and I go into those four strategies. Then the last third of the book is the seven paths to success in any commercial real estate asset, whether like I said, whether it's self-storage, or multifamily or whatever, I have seven paths in there in detail for how somebody in residential can make the jump over to commercial.   Sam Wilson  16:10 I love it. That's right in line with the thrust of the show, which is how to scale commercial real estate. Yeah, that's awesome. Thanks for putting that together. For our listeners, I want to kind of circle back there. And this is something we've talked I know we probably talked about on the last show a little bit, but I think it's an intriguing conversation, which is the ability to reprice assets in an inflationary environment. So you mentioned that in self-storage, I mean, you guys every 30 days, good reprice, you know, you say, Hey, I'm sorry, guys, you know, like this last year, the published inflation was, what 7% 6.7? Something like that. That's the published one. That's not the one that you know, pre-1980 or 81, when they tweak the numbers, so like, yeah, Shadow stats are somewhere like that. And something like, you know, 12 to 15%, because they took out all the things that actually mattered to us as consumers food, right. I mean, the stuff that we care about when it inflates…   Paul Moore  16:57 and they conveniently substitute whatever they want. If they say beef is too high. We assume people buy chicken, we just substitute chicken this month. Chicken, right. Really…   Sam Wilson  17:06 really? Yeah, maybe not. Yeah, so that's really intriguing. You know, I love that idea that you can reprice assets in a hurry. And that's one of the things I've struggled with on industrial like, gosh, you're locked in for five years, like, no, got it unless you've got a CPI or an inflation floater in there that reprice is every year, that's, you're taking on a lot of risk. But the other thing that we really benefit from, I think, is borrowing long term debt on fixed rates. I mean, you can do your inflation risk tremendously with that. And that's something in self-storage, of course that you can get.    Paul Moore  17:38 Right, like we talked about before, it's a unique time in world history. I mean, we've got pretty high inflation, I won't say massive yet. I mean, you know, I'm looking at this $10 trillion, Zimbabwe bill and thinking, Okay, we're not in massive hyperinflation. Right. But we have high inflation. But unlike 1979 to ‘83, or ‘84, we don't have high interest rates to go with it. We have historically low interest rates, that combination, as far as I know, it's unprecedented.   Sam Wilson  18:08 Right, yeah. Which then could point to stagflation, you know, down the line. But yeah, right. We'll see how that shakes out. I know, this was not the point of the show. But it's an interesting topic, and certainly one that's on a lot of investors minds right now. So Paul, I've really enjoyed this. Thank you for taking the time to get to kind of break down, you know, your book, and then you know, how to find deals in any market vetting operators looking at, you know, the values of self-storage and the other things you're investing in. Real quick, what's something you are working on right now, in your business that you find exciting?   Paul Moore  18:36 Yeah, so we concluded and I hinted at this earlier that we weren't a great operator. And we did not have the team, the track record the technology. I mean, when we jumped in to commercial real estate 11 years ago, we were so far behind so many people that had already been doing it for years, and even people who were newer, for some reason, we're getting better deals in us. So we concluded that our best way to serve our investors was to actually put together, to become a due diligence partner for them. So what we do is we go out and find the very best operators with the best deals, and we put them together in a diversified fund, to give our investors you know, sort of a mutual fund of highly vetted operators with intrinsic value laced self-storage, mobile, home park, apartment, RV parks, and even light industrial deals. So that's what we do. And right now we're excited. We're getting ready to launch a $250 million fund sometime this spring that will be actually publicly registered, not publicly traded, and it will give investors lots of options that they couldn't get with our normal syndications.   Sam Wilson  19:50 Man, love it. Lots of good stuff going on there, Paul, let's jump into the final two questions. And you may have answered this one differently on the last one when it comes to investing in the world, what's one thing you're doing right now to make the world a better place.   Paul Moore  20:01 Yeah, I did talk about this last time really trying to continue to bang the gong about letting people know about human trafficking. You know, I mentioned before, if you took the record profits of Apple, General Motors, Nike and Starbucks added those together, double that number, I think I said tripled before but double that number, you'd have the record, you would have the average annual profits of human trafficking worldwide. Since we started this show, roughly 200 People have been captured or sold into slavery. And this is a massive problem. And so I'm working with people like Jay Papasan, from Keller Williams and others to put together information and funds to try to fight this problem and to rescue victims.   Sam Wilson  20:48 Wow, that's incredible. Thanks for doing that. Look forward to tracking with you on that front as well. Paul, if the listeners want to get in touch with you or learn more about you and your fund, what is the best way to do that?   Paul Moore  20:58 You know, they can go to Wellings, W-E-L-L-I-N-G-S, that's wellingscapital.com. And if you go slash resources, you can get some free special reports on self-storage, mobile home parks, access to my book on multifamily and some other free stuff.   Sam Wilson  21:15 Awesome. Paul, thank you for your time today. It was a pleasure again to have you on the show.    Paul Moore  21:19 Yeah, you bet, Sam. Thank you, man.   Sam Wilson  21:20 Hey, thanks for listening to the How to Scale Commercial Real Estate Podcast. If you can do me a favor and subscribe and leave us a review on Apple Podcasts, Spotify, Google Podcasts, whatever platform it is you use to listen, if you can do that for us, that would be a fantastic help to the show. It helps us both attract new listeners, as well as rank higher on those directories. So I appreciate you listening. Thanks so much and hope to catch you on the next episode.

Mr. Krone is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology. While obtaining his degree, he also worked as a Project Manager for Optima, Inc. During his time at Optima, Krone's responsibilities included such notable projects as the 400 unit Cormandel in Deerfield, IL, the 40 unit HedgeRow in Winnetka, IL, and the 51 unit Optima Center Wilmette in Wilmette, IL. In 2012, Krone founded Coda Management Group – a firm who specializes in managing real estate assets. Since its inception, Coda has managed a wide range of real estate including single and multi-family homes, retail, commercial warehouse, multi-use flex athletic spaces, and self-storage. Currently, the platform of investments is in excess of $60 million. In 2020, Krone co-founded One Stop Self Storage with facilities across the Midwest. In 1998, Krone founded Coda, an award winning Design + Build | Sustainability | Consulting firm. Since its inception, Coda has won numerous design/build awards including the international Green GOOD Design Award in 2010, Best of Houzz 2014, 2015, and 2017, and Design Evanston Award. Their work has been featured in notable publications as Storing Up Profits by Paul Moore, Dream Homes - Chicago, Midwest Luxury Homes, Crate & Barrel 2010 Best Catalogs, NBC TV Show Taste, and national ACE Hardware Commercials. In addition, Krone has authored High Performance Homes – Navigating the Green Road to Your Dream Home, a book for homeowner's seeking to incorporate green technology into their home. Get in touch with Scott Krone: www.codamg.com www.onestopselfstorage.com #RealEstate #Tips #PreReal For informational purposes only. Always consult with professionals. This is not meant to be used as legal or tax advice or otherwise. Any projections, opinions, assumptions, or estimates used are for example only. All information should be independently verified and is subject to errors and omissions. Check out some of our other videos and listings: PreReal Podcast https://www.youtube.com/watch?v=pTgZYyrkRyU&list=PLbyMUN39hTNWUFWH-tprcR0sTOwdqCfuk Becca's Real Estate Tips https://www.youtube.com/watch?v=hSQsDJUTOW8&list=PLbyMUN39hTNVu6OeabosHIP_CTfuqg_4X Prendamano Real Estate of staten island, NY is a real estate marketing firm that is focused on lead generation for all its properties for sale. More leads equals bigger pockets in the end for everyone. If you are house hunting and looking for a house for sale don't hesitate to give us a call (718)200-7799. If you think it is time to sell your house, we can get you top dollar for your property. Visit us at www.prereal.com Follow us on: Facebook: https://www.facebook.com/PrendamanoRealEstate Instagram: @prerealpodcast @prerealestate TikTok: @prerealestate Twitter: @prereal

IN THIS EPISODE, YOU'LL LEARN: 02:27 - All about self-storage.07:14 - Why self-storage is so popular right now.07:14 - How commercial real estate is valued.23:27 - Why commercial real estate's valuation method is so powerful.23:27 - Why buying from mom-and-pops is such a great strategy.30:22 - How to get started in self-storage investing.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.EPISODE RESOURCESGet more content from Robert.Learn about our Investing Starter Packs on real estate.Robert Leonard's book The Everything Guide to House Hacking.Paul Moore's book Storing Up Profits.Gary Keller's book The Millionaire Real Estate Investor.Garry Keller and Jay Papasan's book The ONE Thing.REI097: Deep Dive into My RV Rental w/ Robert Leonard.All of Robert's favorite books.Support our free podcast by supporting our sponsors.See the all-new 2022 Lexus NX and discover everything it was designed to do for you. Welcome to the next level.Yieldstreet allows you to invest beyond the stock market with an evolving marketplace of alternative investments. Create your account today.Feel safe online: anywhere, anytime with NordVPN. Listeners can get up to 70% off your NordVPN Plan + 1 additional month for free!Learn more about how you can get started investing in some of the best cash flow markets today with Rent to Retirement.Take your business online with Wix, the leading website creation platform that's got all the tools you need to create, manage and grow your brand. Push your team to do their best work with Monday.com Work OS. Start your free two-week trial today.Provide future financial protection to the people who matter most to you with the help of TD Term Life Insurance.Be part of the solution by investing in companies that are actively engaged in integrating ESG practices with Desjardins.Canada's #1 employee benefits plan for small businesses! The Chambers Plan evolves with the way you work and live while keeping the rates stable. Opt for the simple, stable, and smart choice for your business.Connect with Robert (@therobertleonard): Website | Instagram | TwitterConnect with Paul: Website | Facebook See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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. To learn more about or connect with Paul, visit wellingscapital.com We hope you were able to take some value away from todays episode. To learn more or connect with Danté or DJ visit victorycapgroup.com Dante Belmonte is a Licensed Real Estate Salesperson with HUNT Real Estate ERA in New York State.

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. Tyler and Paul's discussion focused on the open playing field that is self-storage, covering its many perks as well as acquisition strategies and mindsets for success.  Highlights include: How Paul sources so many high-quality self-storage deals Paul's list of potential self-storage value-add opportunities, including how you can leverage U-Haul for $1,000 - $5,000 in monthly commissions How to manage self-storage assets and the case for full automation Why dislocation has boosted the self-storage industry Paul's seven paths to get involved in commercial real estate The best way to raise capital and stay in the right mindset Investing versus speculation  The importance of focusing on only one thing Connect with Paul: Website: http://www.wellingscapital.com/resources LinkedIn: https://www.linkedin.com/in/paul-moore-3255924/   The following books were mentioned in the show: Storing Up Profits by Paul Moore The Hands Off Investor by Brian Burke   Listen to Paul's first episode on Elevate: https://elevatepod.com/episodes/episode-33   Are you a real estate investor looking to elevate your income, freedom & lifestyle? If so, optimize your daily performance by downloading our free guide, Raising the Bar - 5 Steps to Elevate Your Habits, at elevatepod.com. In this guide, created by your host Tyler Chesser, you'll learn why you do what you do, how to easily institute cues in your environment to trigger desired behavior, directly applicable steps to create a fulfilling future and much more. Get your free copy at elevatepod.com and kick-start your new habits today. Your future self will thank you! This episode of Elevate is brought to you by CF Capital, a national real estate investment firm. CF Capital's mission is to provide property investment and asset management solutions to help investors like you maximize their returns by investing in high-value multifamily communities.   If you are looking for risk-adjusted alternative investments in quality apartment communities, and are seeking tax optimized cash flow with appreciation upside without all the hassle of management, you might benefit from learning more about investing alongside our team. You're invited to reach out and learn how you can invest with us by visiting cfcapllc.com. We're also currently offering a free ebook called The Bottom Line - 10 Ways to Increase Cash Flow in an Apartment Complex. Whether you're a new or an experienced investor, we're confident you'll find massive value in this resource. Get your free copy today at cfcapllc.com.  

Timeline   [00:05] Introduction to the episode. [01:43] Introduction to today's guest, Paul Moore. [02:22] Paul's professional experience. [04:04] One word that describes Paul personally and professionally. [05:48] A defining moment in Paul's life/career. [11:20] How living a life devoted to Christ has helped Paul. [12:19] How Paul got involved in real estate. [14:22] The goal of Wellings Capital. [15:37] How to vet potential operators. [17:31] Underwriting and analyzing cap rates. [23:35] Adding value to a property. [25:20] Expenses in self storage. [25:47] Holding onto assets for a long period of time. [29:11] Paul's new book, Storing Up Profits. [31:43] Paul's health and how he's doing personally. [33:21] Paul's “Insider Secret” for new investors.  [34:10] Bonus questions round. [36:19] Resources to learn more about investing. [37:05] Closing remarks. 

Paul Moore returns with another brilliant episode. We go down a bit in memory lane comparing ‘the perfect investment' of 2016 to other asset options of today. Self-storage investment has emerged as an awesome investment opportunity, we compare this to Mobile Home Parks and its similar lucrative potential. But the question is, are they all overpriced? Learn about classic value add and why self-storage is being recommended and utilized so much by top fund managers in their funds. Together Mike and Paul break down the dilemma of Refi properties and holding long enough for greater IRR or pulling out investments for lesser, and redeploying for other deals. Great piece of information you don't want to miss! Finally, Paul provides even more wisdom in fixed low-income debts, inflation, and the opportunity of building wealth during this COVID pandemic, especially with self-storage. Make sure to watch the episode until the end and learn about Paul's newest Evergreen fund with Wellington Capital. Headache or unique investment opportunity? HIGHLIGHTS OF THE EPISODE 01:15 – Storing Up Profits, published by Bigger Pockets01:34 – The Perfect Investment book, 201602:18 – Speculation in investment03:08 – How to Lose Money Podcast03:56 – Diversification Specialist and DD partner05:16 – Self-storage and Mobile Home Parks07:11 – Classic Value Add08:58 – Refi or flip for greater IRR09:20 – Why do people flip properties10:11 – MHP and fixed low-income debt10:50 – Self-storage and capturing inflation12:06 – Refi and redeploying for other deals13:48 – Current inflation is a chance to build wealth15:11 – Number one risk of self-storage15:52 – Rise of Self-storage during COVID17:00 – Self-storage oversupply18:17 – Welling’s Capital's New Evergreen Fund21:52 – biggerpockets.com/storage22:21 – wellingscapital.com/resources Thank you for joining us in another episode. We are committed to inviting more guests that give value to our real estate journey. Stay tuned for more episodes. To learn more, visit our website at www.tempofunding.com. CONNECTING WITH THE GUEST Storing Up ProfitsThe Perfect InvestmentWelling's Capital

It's easy to get caught up in the world of residential real estate investing. Maybe buy a single-family buy-and-hold deal, or try and flip a house, or why not BRRRR? But, residential real estate comes with many challenges: complicated evictions, clogged toilets, a noisy tenant in your upstairs unit, and many, many more. But, there is an asset class you can invest in without toilets, tenants, or trash problems.Paul Moore, author, capital raiser, and real estate educator joins us to talk about his newest obsession: self storage investing. Why self storage? Maybe it's because nobody is living in the property, or that many existing facilities have HUGE value-add potential, or maybe it's the tax savings, or the ability to increase equity by hundreds of thousands, if not millions, seemingly overnight.There are so many reasons why self storage investing could be one of the greatest yet rarely spoken of assets in the world of real estate investing. Wondering how you can get started in this high-profit, low-maintenance investing world? Grab Paul's new book, Storing Up Profits!In This Episode We Cover:Why commercial real estate allows you to build wealth faster, smarter, and with scale The four strategies you can use to build your self storage empire The massive tax-saving strategies you may be missing out onLooking for value-add that's hidden in plain sightThe seven paths a new investor can take to get started in the self storage industryIncome opportunities that could turn thousands in revenue into millions in equityAnd So Much More!Links from the Show:BiggerPockets ForumsBiggerPockets BlogsBiggerPockets Podcast 285: 3 Reasons Multifamily Rentals Might Be the Perfect Investment with Paul MooreBiggerPockets Podcast 286: $13M in Equity from One Deal & Cash Flowing Despite Being Comatose with AJOsbornePaul Moore's Blogs in BiggerPockets BlogBlackstoneU-HaulAirbnbForbesAmazonWellings CapitalCheck the full show notes here: https://biggerpockets.com/show533See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Paul Moore of BiggerPockets joins Craig and Zeona in today's show to talk about his real estate journey. After a 5-year stint at Ford Motor Company, he became a serial entrepreneur and then a commercial real estate developer. Now, he is a managing partner at Wellings Capital, a podcast host, and an author. Paul goes a little bit into his books “The Perfect Investor” and “Storing Up Profits” as he explains why he jumped from residential to commercial real estate investing. He weighs in on the pandemic, triple net leases, and even offers marriage advice. Tune in until the very end for an interesting story on how he gave(!) his way out of a $2.5-million debt.