Small Axe Podcast: Multifamily Real Estate | Buy Buildings, Build Empires

Today’s episode is going to be very interesting because we have a very cool, smart, generous, handsome, funny, and athletic guy grace this show--and that guy is none other than me! Kidding aside, I’ll be riding solo in this episode because I want to answer a few questions that I’ve been receiving from a number of people. I’m going to talk about multifamily real estate, how to begin investing, and why you should be listening to this podcast.

Make sure to sit tight and listen until the end of the show because I will be diving deep into what I call the Small Axe Passive Investor Cheat Sheet. I’m sure you wouldn’t want to miss it! 

[00:01 – 10:31] Opening Segment

• I welcome you to the podcast episode
• I explain what a multifamily real estate is
• I talk about why I love multifamily real estate over commercial real estate 
• A comprehensive guide to help everybody invest in multifamily real estate
• • Grab a copy through my website 
  • See link below 
• Cheat Sheet is perfect for people who: 
• • Like real estate
  • Want to be a passive investor 
  • Have capital to invest 

[10:32 – 44:16] How to Start Investing in Multifamily Real Estate

• Starting out as a limited partner in a deal 
• Consider your strategy based on your risk tolerance 
• Finding a sponsor 
• Find investors who has integrity 
• Things to look out for when you are presented with an opportunity to invest
• Analyze the properties 
• Multifamily is not liquid
• Fees that you show know about 
• Understand the underwriting

[44:17 – 25:25] Closing Segment

• Checkout the links below if you want to be a real estate investor
• Final words 

Tweetable Quotes:

“But just know that there are so many more benefits to investing in real estate as opposed to investing in the stock market.” -Nico Salgado

“Millennials are the largest population here in the United States. They are taking over the rental space and rentals are on the rise. Demand is huge supply is low.” -Nico Salgado

Find out more and connect with Alicia on Linkedin, Instagram, Facebook or visit their website at https://www.thejarboegroup.com/.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode.

I believe that you only need a small axe to build a lasting empire. Let’s start building yours!

To know more about me and all the real estate opportunities you can find, you can connect with me on LinkedIn, Instagram, and Facebook or check out my website https://smallaxecommunities.com/ and book a call with me.

In today’s episode, we have wife, mother, business partner and Director of The Jarboe Group, Alicia Jarboe. Alicia joined her husband, Justin, in real estate full time in August of 2016, coming from a high-end millwork and construction company where she worked for nearly a decade. Following the loss of nearly everything they had in 2013, it's taken grit and persistence to dig out and get to the level of success they have today. They run a successful real estate team and help people buy, sell, and invest all over Massachusetts and Connecticut. Alicia was also named a Regional Cultural Ambassador for all of New England Keller Williams offices for 2020.

Let’s listen to Alicia’s very inspiring story and learn about how she was able to bounce back from a foreclosure through practicing gratitude, giving back, and working hard. 

Let’s listen to Alicia’s very inspiring story and learn about how she was able to bounce back from a foreclosure through practicing gratitude, giving back, and working hard. 

[00:01 – 05:40] Opening Segment

• Let’s get to know Alicia Jarboe
• Alicia shares about her background
• Overcoming the early challenges of real estate

[05:41 – 15:25] Struggles and Lessons from the Foreclosure

• Alicia talks about her experience with a foreclosure
• Bouncing back from this huge setback 
• • Feeling guilt being emotional about it 
  • Going through a lifestyle change
• I share about my own setbacks 
• • The importance and power of sharing your struggles
  • Paying it forward when you can

[15:26 – 23:01] Sharpening the Axe and Cutting the Biggest Tree

• Focusing on cash flows
• • Focusing on bigger deals and commercial deals
• How it’s like to finally live in a single family home 
• • Experience parental guilt
  • Paying for mortgage 
• What’s next for Alicia and her business objective

[23:02 – 25:25] Closing Segment

• If your great-great grandkids are to write a book about you, how would you like it to be titled? 
• • It’s Complicated
• Connect with Alicia through the links below
• Final words from us 

Tweetable Quotes:

“There’s definitely power in sharing and helping other people.” - Alicia Jarboe

“Being able to keep your life together even when it’s falling apart, like literally, is something that I would definitely want to highlight.” - Alicia Jarboe

Find out more and connect with Alicia on Linkedin, Instagram, Facebook or visit their website at https://www.thejarboegroup.com/.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode.

I believe that you only need a small axe to build a lasting empire. Let’s start building yours!

To know more about me and all the real estate opportunities you can find, you can connect with me on LinkedIn, Instagram, and Facebook or check out my website https://smallaxecommunities.com/ and book a call with me.

The Prolific Investor is Chris Odegard. Chris is an average guy who had a white-collar job in the corporate world and followed the only thing he knew for decades, conventional wisdom and conventional investments. This worked relatively well until 2009 when he experienced an illiquidity event where he lost 55% of his assets and thousands of dollars per month in cash flow. Then, Chris read Robert Kiyosaki’s Rich Dad Poor Dad, and his mind was opened to a different type of investing, investing in real assets and private deals mostly insulated from the volatility, risk, and taxation of the stock market. In just nine years, Chris recouped the 55% he had lost and multiplied it many times over and now shares his experience and knowledge with you through this alternative investment blog.

Let’s listen to Chris and learn more about why "alternative investments" blow conventional investments away.

[00:01 – 06:40] Opening Segment

• Let’s get to know Chris Odegard.
• Chris shares his background and how he got to where he is today.
• The recovery journey.

[06:41 – 14:00] Why "alternative investments" Blow Conventional Investments Away

• Chris talks about the difference between conventional and alternative investments.
• The mountain of money theory
• The hierarchy of investors.
• The ability to use the leverage
• The insurability.
• The only advantage of conventional is the liquidity.

[14:01 – 25:29] Financial Education and Awareness

• Chris talks about his blog and how he shares the financial idea.
• Chris’s upcoming book titled “Get off your ass, and manage your money; why you need an alternative Investments.”
• • Steps by steps why alternative investments are better.
• The importance of teaching the new generation about alternatives investments.
• 4O1K vs. single-family rentals.
• OPM benefits.
• Educate yourself more on alternative investments.
• The benefits of alternatives investing.
• How Chris helps people to become aware of alternative investments.
• • Thirty minutes virtual coffee - free consultation program.
• Chris talks about the people that he is working with, especially the younger generation.

[25:30 – 30:55] Closing Segment

• If your great-great grandkids are to write a book about you, how would you like it to be titled? 
• • He kept his commitments big and small.
• The power of discipline.
• • If you have incredible discipline, you could do anything.
• Connect with Chris
• • See the links below. 
• Final words from Chris and me.

Tweetable Quotes:

“When something sounds too good to be true, don’t just run away from it, because it might be true.” - Chris Odegard.

“Yes, it requires more education, and you got to be smarter, but the benefits of alternative investments outweigh the extra work that's involved .” - Chris Odegard.

“If you have incredible discipline, you could do anything.” - Chris Odegard.

Find out more and connect with Chris on Linkedin, Instagram, Facebook and visit his websites at https://theprolificinvestor.net/.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode.

I believe that you only need a small axe to build a lasting empire. Let’s start building yours!

To know more about me and all the real estate opportunities you can find, you can connect with me on LinkedIn, Instagram, and Facebook or check out my website https://smallaxecommunities.com/ and book a call with me.

In today’s episode, we got two incredible speakers sharing with us, Nick Earls and Eric DiNicola. Nick and Eric are real estate investors focusing on multifamily. They purchase and syndicate large multifamily properties in the Southeast and develop luxury multifamily condominiums in the Boston market.  They also develop affordable housing and have experience with land entitlement.

Nick is the co-founder and managing principal of Winterspring Capital. He is an expert on multifamily condominium development, underwriting, and asset management in the multifamily space and is the author of the top-rated book “Making Millions through Multi-Family Development.” Eric is the co-founder and managing principal of Winterspring Capital, has a strong financial background spanning over a decade. Heading up their acquisitions team, Eric leans on his extensive broker network to keep Winterspring's deal pipeline full.

Let’s listen to Nick and Eric to learn more about their incredible stories.

[00:01 – 07:27] Opening Segment

• Let’s get to know  Nick Earls and Eric DiNicola.
• Nick and Eric share their background and how they got to where they are today.

[07:28 – 17:08]The Affordability Question

• How they start their business ‘Winter-Spring Capital’ together.
• Nick and Eric talk about their first condo development.
• Involvement of investors.
• Expansion and investment out of the state.
• The positive and negative side of being an investor in Boston.
• The politics and bureaucracy aspect.
• The effect of the Covid19 pandemic on the market and their business.
• Why multifamily and what to consider?
• • Diversifying risk.
• The affordability question.
• Subsidize affordable housing development.

[17:09 – 23:30] Structuring A Dynamic Partnership 

• The market focus.
• Broker relations.
• Certain unit counts 
• The teamwork in underwriting.
• How to structure a partnership.
• Nick and Eric talk about their roles in the business.
• The dynamic of their teamwork.

[23:31 – 28:09] Capital Raising

• The start of their capital-raising process.
• Building a good platform and networking
• The confidence in raising capital.
• The benefits of working with a team.
• The main matrix in returns
• The direction of Winter Spring Capital

[28:10 – 30:55] Closing Segment

• If your great-great grandkids are to write a book about you, how would you like it to be titled? 
• • Nick: The renaissance man.
  • Eric: The generous giants
• Connect with Nick and Eric 
• • See the links below. 
• Final words from me.

Tweetable Quotes:

“The affordability question is one of the biggest elephants in the room in the real estate industry .” - Nick Earls. 

“Multifamily provides much more stable and less risky cash flow for us and our investors..” - Eric DiNicola.

“We do not want to do all this so we could just sit on this money, but we want to make a difference and ultimate security ” - Eric DiNicola.

Find out more and connect with Nick and Eric via email at [email protected] and [email protected], Instagram, and Facebook. You can also visit their websites at  https://winterspringcapital.com/. 

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode.

I believe that you only need a small axe to build a lasting empire. Let’s start building yours!

To know more about me and all the real estate opportunities you can find, you can connect with me on LinkedIn, Instagram, and Facebook or check out my website https://smallaxecommunities.com/ and book a call with me.

Welcome back to Small Axe Communities Podcast! 

We have reached the end of the second quarter of the year, and in this episode, we are back with the second episode of The Accountability Series.  Joining us today are three inspiring multifamily investors, with Jhae Antoc, Jonny Wilson, Joey Arico, and.  They are back to share how their businesses have grown and the valuable lessons that they have experienced in the past three months.

Let’s listen to Jhae, Jonny, and Joey and tap into their inspiring stories.

[00:01 - 26:19] Jhae Antoc: The Mindset of A New Investor

• Jhae recaps his real estate experience from the past three months
• The mindset of a new investor. 
• The importance of constant education.
• Sharing and networking.
• Why he decided to hire a mindset/business coach.
• Get exposures.
• Appreciate your growth because seeds take time to grow.
• Keep pushing and have faith in the process.
• Jhae talks about his new market focus in Northwest Las Vegas.
• The challenges of Phoenix’s market.
• The needs and realization to pivot.
• Jhae talks about his current focus to get deals
• • Creating content and reaching out to people
• Provide value for people even when you are in the beginning stage.
• The meet-up plan with Sai-Kit and Nancy Wong.
• How to connect with Jhae.
• • See links below.

[26:20 - 51:50] Jonny Wilson, Joey Arico: Build Strength Through Showing Up.

• Jonny and Joey recap their real estate experience from the past three months.
• Finding the will to look at deals and repurposing theirs why.
• The benefits of joining a community.
• Jonny and Joey’s experience in creating their website.
• The importance of having a website.
• Why they are choosing the Phoenix market 
• The local property manager and market.
• The talk-tracks.
• Build strength through showing up.
• Time management.
• Rely on clarity to overcome the lack of motivation
• Broker’s script.
• The vision of their marketing materials.
• Educational driven marketing strategy.
• Share the vulnerability and growth of their journey.
• Make sure that we are ready when the deal comes.
• • Prioritizing our clients.
• How to connect with Jonny and Joey
• • See links below.

Tweetable Quotes:

 “You can’t not educate yourself! when you educate yourself, you would sound more credible to people and able to make people more confident in you.”  - Jorge Rodriguez

“You build strength through showing up.” - Jonny Wilson

“If it’s not the matter of ‘ifs,’ then when.” - Joey Arico.

Resources Mentioned

• Jake and Gino

Find out more and connect with Jhae, Jonny, and Joey, through the following:

Jhae: [email protected], and Facebook.

Jonny: (619-726-6673) [email protected], [email protected], and Facebook 

Joey: [email protected],  [email protected], and Facebook

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode.

I believe that you only need a small axe to build a lasting empire. Let’s start building yours!

To know more about me and all the real estate opportunities you can find, you can connect with me on LinkedIn, Instagram, and Facebook or check out my website https://smallaxecommunities.com/ and book a call with me.

Kent Ritter is the principal, with Hudson investing as the GP in over 500 units. Kent’s skill set as a multifamily operator drove his successful career as a Management consultant and start-up owner. He applies this skill set to transform apartment buildings and creates modern affordable housing for America’s workforce. 

Now having found Financial Freedom for real estate investing, Kent wants to help others do the same. He serves as a thought leader and educator through his podcast Ritter on real estate monthly networking events, Indianapolis multifamily investing meet-up, and his website www.kentritter.com  which acts as an informational hub for other investors.

Let’s listen to Kent and listen to his inspiring career path in real estate.

[00:01 – 05:14] Opening Segment

• Let’s get to know Kent ritter.
• Kent shares his background and how he got to where he is today.
• Kent’s current investing focus.
• Diversification in investment.

[05:15 – 12:39] Becoming an Active Investor

• Kent shares his journey and lessons being a passive investor for 3 years before finally pivoting to active investing,
• How he finds his spot in the GP team.
• • Building network and investment relation piece as a GP team.
  • Asset management piece.
• Understanding your market and the strategic questions to add value to the deal.

[12:40 – 19:09] The Capital Raise

• Kent talks about his first raise and deals when he was a GP for the first time.
• Shift people’s perspectives on how they view you.
• Raise money six months before you need them.
• The importance of building your brand in raising money
• Kent shares his big lesson learned of raising money when he was not meeting his goal.
• Meet people where they are in sharing knowledge on real estate.
• Why he gravitated more towards assets management?

[19:10 – 30:50] Cultivating the Relationship for Investment

• Kent’s networking strategy during the pandemic.
• Nurture the relationship for the following months to invest.
• Thought leadership platform.
• Kent’s marketing strategy.
• • Consistently communicating and building warm leads.
• Indianapolis Multifamily Investing Meetup.
• Being the main deal finder.
• Partner on a deal-specific basis.
• How real estate has given him the time freedom.

[30:51 – 34:35] Closing Segment

• If your great-great grandkids are to write a book about you, how would you like it to be titled? 
• • His Own Path
• Connect with Kent
• • See the links below. 
• Final words from Kent and me.

Tweetable Quotes:

“Understanding your market and the strategic questions to add values to the deal.” - Kent Ritter

“People won't just hand you money for raising capital unless you really shift the perspective of how they view you.” - Kent Ritter

“you should start thinking about raising money six months before you actually need the money by building your brand.” - Kent Ritter

Find out more and connect with Kent on Linkedin, Instagram, and visit his websites at www.kentritter.com You can also check out Ritter on Real Estate Podcast.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode.

I believe that you only need a small axe to build a lasting empire. Let’s start building yours!

To know more about me and all the real estate opportunities you can find, you can connect with me on LinkedIn, Instagram, and Facebook or check out my website https://smallaxecommunities.com/ and book a call with me.

Welcome back to Small Axe Communities Podcast! 

We have reached the end of the second quarter of the year and in this episode, we are back with the second episode of The Accountability Series.  Joining us today are three inspiring multifamily investors, Jorge Rodriguez, Chad Tucker, and Brian Hemedinger.  Jorge, Chad, and Brian are back to share how their businesses have grown in the past three months and how they helped people create passive income with real estate.

Let’s listen to Jorge, Chad, and Brian and tap into their inspiring stories.

[00:01 - 21:27] Jorge Rodriguez: The List, Getting Action, and Phone Calls 

• Jorge recaps his real estate experience from the past three months
• Calling 10 brokers a week, exhausting your list
• Not Just Another Pestering Investor
• Jorge talks about flipping houses
• Knowing People Beyond Numbers
• The story of Jorge’s multifamily deals
• • Jorge shares how he gets multifamily deals
  • Debt, Finances, and Partners
• Be more focused and know your role. 

[21:28 - 43:09] Chad Tucker: I Want the B+

• Chad recaps his real estate experience from the past three months
• How to be Successful in a Competitive Market
• Relationships and Long-Term Goals
• • “You gotta see where you fit in.”
• Chad tells the story of how he found his managing assets partner
• The Difference between A, B, and C Buildings
• Chad talks about limiting units
• The Seller, The Buyer, and Me
• Chad’s Next Learning Curve
• Giving Away More

[43:10 - 01:07:51] Brian Hemedinger: The 3 Routes of Capital Raising

• Brian recaps his real estate experience from the past three months

• Brian talks about capital raising
• The Gravitational Pull
• Clarity and Action 
• The 3 Routes of Capital Raising
• Transactional Income or Equity?
• • Fund Special Purpose Vehicle
• Brian talks about using what he recommends to investors
• Building an Investor Base and Building Relationships with Operators
• Building from the Ground Up
• Jake and Gino
• • Education plus action equals result
• Looking Forward to the Deadline

Tweetable Quotes:

 “I humanize myself.. I’m not just another investor calling them.”  - Jorge Rodriguez

“You’re not gonna know what your role is until you try on other roles.” - Jorge Rodriguez

“This is a relationship business.” - Chad Tucker

“It’s all about knowing your brokers, knowing what they like and then finding out what the seller wants, too…” - Chad Tucker

“Multifamily is a team sport.” - Brian Hemedinger

“Clarity is power.” - Brian Hemedinger

Resources Mentioned

• Securities Industry Essentials (SIE) Exam
• Hunter Thompson
• Who Not How
• Jake and Gino

Find out more and connect with Jorge, Chad, and Brian through the following:

Jorge: [email protected] and Instagram  

Chad: [email protected], Facebook, LinkedIn, and 850 206 4603

Brian: [email protected], Facebook, and Instagram   

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode.

I believe that you only need a small axe to build a lasting empire. Let’s start building yours!

To know more about me and all the real estate opportunities you can find, you can connect with me on LinkedIn, Instagram, and Facebook or check out my website https://smallaxecommunities.com/ and book a call with me.

Steven Pesavento is the Host of The Investor Mindset Podcast and an active investor who curates Commercial Real Estate Investments for clients at VonFinch Capital. He has raised $10’s of millions of dollars, which has successfully cycled through multiple assets. Beginning in Single Family as an operator he flipped over 200 houses in under 3 years, prior to expanding into commercial to focus on building a business around working with his ideal client - successful high-income earners like himself who are investing to create flexibility and independence. Through his Top-Rated Podcast and Private Investor Community, he brings together real estate investors to not only learn, but also how to put these strategies to work in their lives.

Let’s listen to Steven and listen to his impactful and inspirational philosophy.

[00:01 – 09:38] Opening Segment

• Let’s get to know Steven Pesavento
• Steven shares his background and how he got to where he is today
• • He shares his real estate journey
  • Investor Mindset Podcast
• Going out and partnering with true experts

[09:39 – 21:03] Setting Yourself for Success 

• Steven talks about moving to the desired path
• A real estate philosophy
• Real estate trading: Telling others something you do not have
• Steven shares his partnership success story
• Managing the Cruise and Running the Numbers through Commitment and Communities

[21:04 – 35:21] The Power of Partnerships

• Steven talks about the importance of roles in a team
• • Finding what you’re good at and focusing on it 
• Streamlining complex deals
• Steven stresses the power of partnerships
• Doing more by doing it together
• How to Find Great People
• • Listening to podcasts 
  • Going to conferences
  • Mentorship or Masterminds
• Steven talks about his long-term goals and realizations
• • Serving the ideal client
  • Making an impact

[35:22 – 40:00] 

• If your great-great grandkids are to write a book about you, how would you like it to be titled? 
• • Making an impact, inspiring people, creating a better life, enjoying life to the fullest.
  • Not being a perfect person but having a life that was well-lived.  
• Connect with Steven.
• See the links below. 
• Final words from Steven and me.

References Mentioned:

• Rich Dad Poor Dad
• Investor Mindset Podcast
• Who Not How

Tweetable Quotes:

“It does take that commitment of capital to say, “I’m a 100% in this.”” - Steven Pesavento

“Get in a community.  By being a part of the community that you’re in, you’ve been able to have huge change happen.” - Steven Pesavento

“I am not going to do every piece of the puzzle.  I don’t want to.” - Steven Pesavento

Find out more and connect with Steven on Linkedin, Youtube, and email [email protected]. Or you can visit his websites at https://stevenpesavento.com, https://www.investormindset.com/, and https://www.vonfinch.com. 

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode.

I believe that you only need a small axe to build a lasting empire. Let’s start building yours!

To know more about me and all the real estate opportunities you can find, you can connect with me on LinkedIn, Instagram, and Facebook or check out my website https://smallaxecommunities.com/ and book a call with me.

Welcome back to Small Axe Communities Podcast!

In today’s episode, we are joined by Savannah Arroyo, a.k.a. The Networth Nurse. She's a full-time registered nurse in Los Angeles, California. She uses her skills as a leader in healthcare operations to manage multi-family syndications. She also helps busy professionals create passive income through real estate investing.

Let’s listen to Savannah and tap into her inspiring story.

[00:01 – 05:07] Opening Segment 

• Let’s get to know Savannah Arroyo
• Savannah shares her background and how she got to where she is today.
• • She shares the beginning of her journey in real estate investment.
  • From single-family to multifamily syndication.

[05:08 – 20:14] Develop A Strong Relationship Within Your Team

• Savannah talks about the education piece of investing in real estate.
• • Podcasts and books.
  • Why she is very passionate about her podcast.
• Savannah shares about her first syndication experiences.
• Some tips to get into real estate investing and syndication during the pandemic.
• • Research of the market.
• Why she chooses the Oregon market.
• The investment in a coaching program and a mentor to solidify her underwriting skills.
• Savannah shares about her market investment returns and growth.
• • Underwrite conservatively.
• Build a strong relationship with the property management team.
• Savannah shares her bad experiences and learning lesson on dealing with the wrong management team.

[20:15 – 28:35] Creativity in Leveraging The Good Debt

• Savannah shares how she got the information about the storage unit in the area.
• Savannah talks about the current multifamily syndication that she is working on.
• Another advantage of investing in Oregon as an energy-efficient and green state.
• The risk capital
• Creativity in leveraging good debt.
• How to balance the W2, job parenting life, and real estate.
• • Get super specific on your “Why.”
  • Reverse-engineer your goals to lay out the blueprint.

[28:36 – 32:33] Closing segment

• If your great-great grandkids are to write a book about you, how would you like it to be titled? 
• • Perseverance, the leadership, do the right thing, spread love to others.
• Connect with Savannah.
• • See the links below. 
• Final words from Savannah and me.

Tweetable Quotes:

“ When you write down the ‘why’ of your goals, it gives you so much more motivation especially when things get hard to keep persevere and push through.”- Savannah Arroyo.

“You have to be creative in leveraging good debt in the equity that you already have available.” - Savannah Arroyo.

“it was very important for us to research the market and the trend that was going on in the city we were investing in, especially when we are getting into real estate investing syndication during the pandemic ” - Savannah Arroyo.

Find out more and connect with Savannah on Linkedin, Instagram and Youtube Or you can visit her website at https://thenetworthnurse.com/.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode.

I believe that you only need a small axe to build a lasting empire. Let’s start building yours!

To know more about me and all the real estate opportunities you can find, you can connect with me on LinkedIn, Instagram, and Facebook or check out my website https://smallaxecommunities.com/ and book a call with me.

After a stint at Ford Motor Company, Paul Moore co-founded a staffing firm where

he was a finalist for Michigan Entrepreneur of the Year two years straight. After selling the staffing firm to a publicly traded company, Paul began investing in real estate, founded multiple investment and development companies, appeared on HGTV, and eventually built and co-managed a successful multi-family development.

Paul is also the host of How to Lose Money Podcast and the contributor to Fox Business and Bigger Pockets, producing live video and blog content on a weekly basis. Paul is the author of The Perfect Investment – Capitalize on America’s Obsession with Stuff by Investigating Self-Storage. Paul is the Managing Director of three commercial real estate funds at Wellings Capital.

Let’s listen to Paul as he shares his inspiring life story and gain more knowledge about investing in multifamily, self-storage, and mobile home parks.

[00:01 – 04:15] Opening Segment 

• Let’s get to know Paul Moore.
• Paul shares his background and how he got to where he is today.
• • Speculating vs. investing 
• The benefits of investing over speculating.

[04:16 – 14:15] Speculating vs. Investing

• Paul shares his definition of speculating and investing.
• The exception of speculators that are exposed in movies and books.
• The misconception of being financially free and getting wealthy fast.
• Speculation in using leverage.
• Why Multifamily investing is a great place for investment.
• The benefits of the multifamily coaching and mentoring program.
• Paul talks about his book ‘The Perfect Investment: Create Enduring Wealth from the Historic Shift to Multifamily Housing.’
• The supporting factors of Multifamily.
• The overpopulation and other recent issues on multifamily.

[14:16 – 29:35] Create Profit Machine from Self-Storage and Mobile Home Parks

• Paul talks about his pivot to self-storage and mobile home parks.
• Create a profit machine by upgrading self-storage and mobile home parks.
• The effect of a massive compression of cap rate to Mom and Pop mobile home parks owners.
• The potential upsizes and the criteria list of mobile home parks.
• Evaluating the value of mobile home parks.
• • the net operating income derived from lot rent: the cap rate + the based depreciated value of the mobile homes
• Value add opportunities to self-storage facilities.
• The main criteria to buy a self-storage facility.
• Reasons why we should not build a self-storage facility from the ground up.

[29:36 – 40:00] Go From Riches To Rags Back To Riches Again

• Paul talks about his ‘How to Lose Money Podcast’ and how he started it.
• Sharing the true story of pain and struggle.
• Paul shares the story of how he got out of 2,5 million dollars debt by faith in 13 months.
• What would George Müller do?
• Paul talks about his friendship with Whitney Sewell.
• Why we should have our ‘Big Why’ in life.
• The importance of having the bigger why that is much bigger than ourselves and what we are doing.

[40:01 – 42:45] Closing segment

• If your great-great grandkids are to write a book about you, how would you like it to be titled? 
• • Paul Moore, an Honorable man.
• Connect with Paul.
• • See the links below. 
  • To get access to his ebook, visit www.wellingscapital.com/resources 
• Final words from me.

Tweetable Quotes:

“ If you keep playing double or nothing with most or all of your capital, you'll eventually land on nothing then you'll have nothing left to double.”- Paul Moore.

“Our goal is to give people hope. If they know that the successful people had pain too, they will realize hey I can make it too.” - Paul Moore.

“ I think it's really important that we all have a bigger why, that's much bigger than ourselves, what we are doing, our bank account.” - Paul Moore.

Find out more and connect with Paul on Linkedin Or you can visit his website at https://www.wellingscapital.com/.

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I believe that you only need a small axe to build a lasting empire. So let’s start building yours!

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