Investing in Passive Real Estate Syndications, Value-Add Commercial Funds, and Tiny Cabin Vacation Rentals: Paul Moore of Bigger Pockets and Wellings Capital

Paul Moore, Founder of Wellings Capital and host at Bigger Pockets podcast “Ask Me Anything Live: Real Estate Investing”, joins Chad Corbett for the Estate Professionals Mastermind Podcast Ask The Expert series.

In this episode, Paul shares why he saw better opportunities in commercial real estate vs. residential real estate sales, how he made that pivot, and why his business mindset allows him to turn down deals with 60% ROI.  Paul also discusses important lessons he’s learned that apply to any business or business relationship.

Watch on YouTube: https://youtu.be/LWt-fv-epJk

0:00 Who is Paul Moore?

2:38 How to get started in commercial real estate

5:07 Podcast recommendations: How to Lose Money podcast

6:37 What to invest in when everything is overpriced

9:45 Residential vs. commercial real estate investing: Real estate formulas

11:20 Value-add vs. intrinsic value extraction: Deep value asset classes

15:40 The 80-20 rule of team-building and business strategy (Pareto's principle)

16:58 The pivot to value-add commercial funds

19:38 Why you should re-think your side hustle (and so should your clients!)

24:40 Sponsor vs. the underlying asset: Due diligence for any deal

26:04 How to recognize terrible deals on beautiful slide decks and avoid overpaying for assets

28:50 Cash on cash return with tiny cabins for AirBNB, VRBO

36:16 Why I would pass on a 60% ROI deal: How to stay focused in your work

Connect with Paul:

Wellings Capital

Paul’s How To Lose Money podcast

Paul Moore on BiggerPockets.com

Learn more at www.probatemastery.com