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We read a book a week and then interview the Author on Business, Real Estate, and Life.
Episodes
Friday Jul 27, 2018
Friday Jul 27, 2018
After graduating with an engineering degree and then an MBA from Ohio State, Paul started on 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 for $2.9 million five years later. Along the way, Paul was Finalist for Ernst & Young’s Michigan Entrepreneur of the Year two years straight. Paul later entered the real estate sector, where he completed 85 real estate investments and exits, appeared on an HGTV Special Real Estate episode, rehabbed and managed dozens of rental properties, developed a waterfront subdivision, and started two successful online real estate marketing firms. Three successful developments, including assisting with development of a Hyatt hotel and a multifamily housing project, led him into the multifamily investment arena. Paul co-hosts a wealth-building podcast called How to Lose Money and is a writer for Bigger Pockets. Paul is the author of The Perfect Investment – Create Enduring Wealth from the Historic Shift to Multifamily Housing (2016).
In today's episode you will learn about:
- Paul’s entrepreneurial path through life and what he learned
- What he learned from his loses in real estate
- Why is swinging for the fences not a good long term strategy
- Strategies on building multigenerational wealth
- Paul’s NEW book about the 7 different paths to multifamily mastery
- The numbers behind the multifamily growth
- Demographic trends
- Why diversity in an economy is important
- Toilets, tenants, and trash!
- How NOT to fall in love with commercial real estate
- Tips to be a great operator
- Taxes and difference between CPA and tax strategist
- Looking for flies: A Texas story
- Why he called his podcast How To Lose Money
- How he gives back and his Passion!
- What the #1 rule is in Real Estate
- Why investing should be like watching paint dry
Paul’s Website: wellingscapital.com
Paul’s Podcast: https://itunes.apple.com/us/podcast/how-to-lose-money-business-stories-life-lessons-navigating/id1170805348?mt=2
Blog: https://www.biggerpockets.com/renewsblog/author/paulmoore/page/2/ and https://www.wellingscapital.com/blog
His book: https://www.amazon.com/Perfect-Investment-Enduring-Historic-Multifamily/dp/153700395X
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