02.03.2020 - By Vee Khuu
Show Notes
Paul's Contact Info:www.WellingsCapital.com Twitter: @PaulMooreInvest Email: [email protected]
[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 Support this show http://supporter.acast.com/the-real-estate-lab. Hosted on Acast. See acast.com/privacy for more information.