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In this episode, we ask:
- Who is Paul Moore?
- What happened with Paul in December 2007?
- How did Paul GIVE his way out of debt?
- When did Paul get into real estate?
- How can you activate a 2.5x multiplier effect on a property?
- What is the power of commercial real estate?
- What about mobile home parks?
- What about self storage?
- What about multifamily operators?
- What about raising the lot rent?
- What about Paul’s podcast, How to Lose Money?
- What opportunities does Paul talk about?
- What is wellingscapital.com?
- How does a Bank On Yourself type policy work with opportunities?
- What’s the different between investing and speculating?
- What did Nobel Prize winner, Paul Samuelson say?
- What civil rights issue is Paul working on?
- How does Paul think long range?
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 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. Paul is married with 4 children and lives in Central Virginia.