15: Paul Moore - The Perfect Investment!

The Real Estate Lab

Show Notes

Paul's Contact Info:

www.WellingsCapital.com

Twitter: @PaulMooreInvest

Email: [e-mail]

[00:01:32] IF you want to stick with your resolution and goals, read Atomic Habits by James Clear - https://amzn.to/38ZBqHq

[00:02:22] Paul's book is called The Perfect Investment: Create Enduring Wealth from the Historic Shift to Multifamily Housing - https://amzn.to/2ScvBj7

[00:04:35] Paul realizes that his degree in Petroleum Engineering tied to oil prices.

[00:05:14] A few years after getting his MBA, Paul started to work for Ford Motor Company.

[00:05:46] Paul and his friend started a staffing company.

[00:07:02] Paul explains the differences between investing and speculating.

[00:08:29] True wealth are our assets that produce income.

[00:09:19] Commercial real estate's value formula.

[00:11:53] Warren Buffett Model

[00:13:03] Paul mentioned Gary Keller's book. The One Thing - https://amzn.to/37SLrGj

[00:13:35] Adding value to self storage units.

[00:18:42] Paul explains how well self-storage units did in the last downturn.

[00:21:34 - 00:23:45] How to research what area needs more self-storage units.

[00:24:39] How to research the operator.

[00:33:50] Things to look for during due diligence of a self-storage unit.

[00:38:19] Learn to pull the plug quickly

[00:45:16] Paul suggests finding a book on senior living and read

Check out full transcript at www.RealEstateLab.live

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