The Powerful Transition from Residential to Commercial Real Estate

Paul Moore, from Wellings Capital, joins us to talk about how to leverage inflation to your benefit, transition from single-family rental properties to multifamily and commercial real estate, force appreciation, and how his company is giving back by helping combat the horrors of human trafficking. Paul Moore, wellingscapital.com Find Paul's podcast here: https://www.wellingscapital.com/podcast --- Transcript Before we jump into the episode, here's a quick disclaimer about our content. The remote real estate investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.   Michael: Hey, everybody, welcome to another episode of the remote real estate investor. I'm Michael Albaum, and today I have with me a very special guest, Paul Moore, you may have heard of him from BiggerPockets, you may know him as the founder managing partner of Wellings Capital, or you might know him better for his fight against human trafficking. And today, Paul is going to be talking to us about some pretty hot topics, specifically with regard to inflation, commercial real estate, and also what Paul and his team are doing to fight human trafficking. So without further ado, let's get into it.   Paul Moore, welcome to the show. Thanks so much for spending the time.   Paul: It's great to be here, Michael, thanks for having me on.   Michael: No, of course, of course. So, before we started recording here, I was learning a little bit about your background. But for all of our listeners who might not be familiar with you would love to learn a little bit more about kind of who you are, where you came from, and how you're involved in real estate today.   Paul: Yeah, absolutely. Um, let's see. So in the early mid 80s, I got an engineering degree, which was my first mistake. And then I went on and got an MBA went to Ford Motor companies spent five years there I actually really liked for but I had this desire to be an entrepreneur. So I quit started my own company. I ended up being entrepreneur finalists for Entrepreneur of the Year, Michigan a couple times and we sold that company to a public firm and 97 came to Virginia started flipping houses, then I started flipping waterfront lots then I built some modular and stick built homes. And I learned something you shouldn't build a house if you don't know how to tighten the doorknob on your own house. I don't know just something I just thought I'd tell people that. And, you know,   Michael: Word from the wise.   Paul: Yeah, right. So but that's one of the values of working with a company like roof stock, you know, you you know, if you're flipping houses or building houses yourself, you know, you might have a full time job or something else, you might not know what you're doing. And it's great to be partnering with somebody who does. That's just a side little advertisement for you guys. But anyway,   Michael: I appreciate the shout out!   Paul:Yeah. So but over the years, I was wondering how to get involved in commercial real estate, but I didn't know how. And so I actually started a website to generate residential leads for buyer's agents. And actually, we I mean, I had like 40,000 people on our list at one time that have come through our lead gen. And sold those to realtors that I'm still getting, you know, leads all the time. I got that running in the background, but at the same time, I started a multifamily and slash hotel and we build it I should say from in North Dakota. Then we did another one next door. My business partner did a hotel, I jumped back into multifamily syndication. And now I do self storage and mobile home parks as well. We have we're on our fourth fund with my company right now.   Michael