285: 3 Reasons Multifamily Rentals Might Be the Perfect Investment with Paul Moore | Bigger Pockets Podcast
Is there such thing as a “perfect investment?” According to today’s guest, yes. Today on the BiggerPockets Podcast we sit down with Paul Moore, a real estate investor whose 18-year journey through real estate has included house flipping, new construction, hotels, and finally—multifamily. In this episode, Paul shares three powerful reasons why multifamily might just be the most perfect real estate investment. You’ll learn how Paul discovered the vital difference between investing and speculating, why falling in love (with a deal) is incredibly dangerous, and the huge real estate gamble that Paul made that cost him $40,000. If you plan to eventually buy small multifamily properties, this is one podcast episode you can’t miss!
In This Episode We Cover:
Paul’s history and how he got into real estate
Bought a house for $34,000—painted it, and sold it for $65,000
Never fall in love with a deal
From two failed flips to 50 successful ones!
The difference between gambling and investing
How he built a Hyatt hotel with a partner and lost money
Some reason behind the dropping of homeownership
Why he thinks multifamily properties are perfect investments
How he looked at 180 deals this year
He sold an HR company in ’97 for almost $3 million. Ten years later he was 2.5 million in debt.
How he was able to end up debt free 13 months later
Financing an $8.7 million multifamily property
What is a green loan program?
The journey to a syndication process
How he’s been able to write a book, have a podcast, and write for BiggerPockets
Networking through BiggerPockets
And SO much more!
Links from the Show
BiggerPockets Forums
BiggerPockets Webinars
Tim Ferriss Show
BiggerPockets New Member Introductions Forums
NMAC Conference
Books Mentioned in this Show
Mastering the Rockefeller Habits by Verne Harnish
The Perfect Investment by Paul Moore
The Complete Guide to Buying and Selling Apartment Buildings by Steve Berges
The ONE Thing by Jay Papasan and Gary Keller
Fire Round Questions
What is a good way of finding multifamily owners if it’s owned by an LLC?
Where do you gets your numbers when it comes to multifamily units?
Tweetable Topics:
“Every percent drop in home ownership means a million new people in the renter pool.” (Tweet This!)
“When baby boomers rent, they never return to buying again.” (Tweet This!)
“Don’t fall in love with a deal.” (Tweet This!)
“Wealth built up slowly over time is the key to become successful.” (Tweet This!)
Connect with Paul
Paul’s Company Website
Paul’s Podcast
Paul’s Posts on BiggerPockets
Paul’s BiggerPockets Profile
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