Investing in self-storage is a smart idea that can provide you with a lot of good benefits and experiences. But, with many different factors involved, it’s hard to know where to start and what you need to do before (or after) making an investment.
This is your opportunity to learn as Paul Moore of Wellings Capital will share the do’s and don’ts of self-storage that everyone should be aware of.
After a stint at Ford Motor Company, Paul Moore co-founded a staffing firm where he was a two-time finalist for Michigan Entrepreneur of the Year. After selling to a publicly traded firm, Paul began investing in real estate. He founded multiple investment and development companies, appeared on HGTV, and completed over 100 commercial and residential investments and exits.
He has contributed to Fox Business and The Real Estate Guys Radio and is a regular contributor to BiggerPockets, producing live video and blog content. Paul also co-hosted a wealth-building podcast called How to Lose Money and he has been a featured guest on over 200 podcasts. Paul is a three-time real estate author and BiggerPockets recently published his new book called Storing Up Profits – Capitalize on America’s Obsession with Stuff by Investing in Self-Storage. Paul is the Founder and Managing Partner of Wellings Capital, a real estate private equity firm. Wellings Capital designates a portion of its profits to thwart human trafficking and rescue its victims.
In this episode, Dave and Paul talk about…
- The story about what was Paul’s exposure to money and investing as he was growing up?
- How did Paul start investing?
- His opinion about what achieving freedom is? When is someone financially free?
- Benefits of Self storage
- What point do you consider moving on from Self storage?
- How to get into commercial real estate?
- What is the most dangerous time to invest in self-storage?