E234 Paul Moore - How to Build a Self-Storage Empire, Source Deals and Strategize for Success

Paul Moore is the Founder and Managing Partner of Wellings Capital. 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 scaled and sold the company to a publicly traded firm five years later. After a brief “retirement” in his early 30s, Paul began investing in real estate in 2000 to protect and grow his own wealth.

Tyler and Paul’s discussion focused on the open playing field that is self-storage, covering its many perks as well as acquisition strategies and mindsets for success. 

Highlights include:

• How Paul sources so many high-quality self-storage deals
• Paul’s list of potential self-storage value-add opportunities, including how you can leverage U-Haul for $1,000 - $5,000 in monthly commissions
• How to manage self-storage assets and the case for full automation
• Why dislocation has boosted the self-storage industry
• Paul's seven paths to get involved in commercial real estate
• The best way to raise capital and stay in the right mindset
• Investing versus speculation 
• The importance of focusing on only one thing

Connect with Paul:

Website: http://www.wellingscapital.com/resources

LinkedIn: https://www.linkedin.com/in/paul-moore-3255924/

 

The following books were mentioned in the show:

Storing Up Profits by Paul Moore

The Hands Off Investor by Brian Burke

 

Listen to Paul’s first episode on Elevate: https://elevatepod.com/episodes/episode-33

 

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This episode of Elevate is brought to you by CF Capital, a national real estate investment firm. CF Capital’s mission is to provide property investment and asset management solutions to help investors like you maximize their returns by investing in high-value multifamily communities.

 

If you are looking for risk-adjusted alternative investments in quality apartment communities, and are seeking tax optimized cash flow with appreciation upside without all the hassle of management, you might benefit from learning more about investing alongside our team.

You’re invited to reach out and learn how you can invest with us by visiting cfcapllc.com.

We’re also currently offering a free ebook called The Bottom Line - 10 Ways to Increase Cash Flow in an Apartment Complex. Whether you’re a new or an experienced investor, we’re confident you’ll find massive value in this resource. Get your free copy today at cfcapllc.com.