https://www.youtube.com/watch?v=iHr-DsOLGYM
In this fascinating interview with Paul Moore, we discussed opportunities for investors to build generational wealth through commercial multifamily investing. Unfortunately, there are high barriers to entry into this investment sector. New investors to this space may lack the capital requirements, loan qualifications, and experience needed to gain a seat at the table. Through real estate investment firm, Wellings Capital, Paul Moore is making this asset class available to investors who would otherwise lack access. Wellings is a syndicator that allows investors to pool their funds to get the advantages of direct ownership of commercial multifamily real estate, along with its high returns, tax advantages, and low risk.
You’ll gain powerful business insights as you hear Paul share his thought-provoking and honest story. He confidently shares his monumental accomplishments and the significant failures that accompanied them along the way. When you listen, be prepared to learn just as much from his successes as from his stories of failure.
Paul Moore is masterful in business and marketing. You’ll come away with a new appreciation for continuous learning and reinvention, solving problems for others, and staying congruent with your life mission.
Where Entrepreneurship Fits into the Cash Flow System
We love Entrepreneurship. Business owners emphasize and focus on cash flow over accumulation.
In the Cash Flow System, you first increase cash flow by keeping more of the money you make. Then you protect your money. Finally, you increase and make more.
Entrepreneurship is part of Investing in stage 3. Building a cash-flowing asset portfolio of real estate and business accelerates time and money freedom.
Who Is Paul Moore?
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 a 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 as the only REALTOR® on HGTV’s House Hunters for a waterfront week special, rehabbed and managed rental properties, built many new homes, developed a subdivision, and started two successful online real estate marketing firms.
He also built several other companies and made quite a few medium and high-risk investments along the way.
Paul Moore’s Most Important Business Lessons
High Risk Does Not Equal High Returns
People often think that to get high returns, they have to take on high risk.
Instead of high risk leading to high returns, Paul Moore says that high risk leads to the potential of high returns, and more so to the potential of higher loss. Often, people think they’re investing, when really, they’re speculating or gambling.