A downturn is on the horizon, that’s just how it works. You should be concerned but you don’t have to panic. Our guest, Paul Moore, shares with us ideas that could greatly help in riding out this part of the market cycle.
Paul Moore is the Founder and Managing Partner of Wellings Capital. 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 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. He also co-hosted a wealth-building podcast called How to Lose Money and he’s been a featured guest on 250+ other podcasts including the BiggerPockets Podcast, The Real Estate Guys, and Entrepreneur on Fire.
In the event of an economic downturn, should you be speculating or investing? Which assets will stand the test of time? Tune in as Paul and Mike discuss these and more!
HIGHLIGHTS OF THE EPISODE
00:23 – Guest Intro: Paul Moore
00:56 – Wellings Capital was born out of failure
01:33 – Investing vs speculating
03:33 – Finding the best of the best in their asset classes
05:26 – Finding good deals in a downturn environment
08:16 – Interesting asset classes in a downturn economy
14:11 – RV camping, is it an exploding form of travel?
16:31 – Mobile home park opportunities
19:43 – Why are mobile home parks getting turned down and will cities change their mind?
22:10 – Supply chain problems
22:50 – What if the economy gets into a recession?
24:43 – About Wellings Real Estate Income Fund
28:02 – Looking to do quarterly valuations
31:22 – Final thoughts: William Greene’s “Richer, Wiser, Happier”
If you found this episode substantial and want to dig deeper into real estate, or maybe you want to discover better investment opportunities, be sure to check out www.tempofunding.com.
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