Investing vs. Speculating with Paul Moore

In this conversation, Paul Moore shares his journey from engineering to real estate investing, detailing his transition from residential to commercial real estate and the founding of Welling's Capital. He discusses the importance of protecting investors' money, the lessons learned from early investments, and the significance of communication and transparency with limited partners (LPs). Paul emphasizes the need for due diligence and diversification in investing, while also addressing the challenges faced in the real estate market and the pitfalls of speculation.00:00 Investor vs. Speculator00:50 From Engineering & MBA to Real Estate02:59  Oil Boom Housing to Multifamily Syndication03:45 Why Multifamily Stopped Working (and the 2018 Pivot)07:39 The Responsibility Jump in 201709:39  Scams, Complexity, and Extreme Due Diligence11:23 How Track Record, NDA Vault, and 27-Point DD13:47 NOI Audits & Walking Away at the Closing Table16:02 60-Year-Old Apartments, Water Leaks, and Returning 82%20:01 Calls, Zooms, and the Over/Under-Communication Line23:58 Fraud Risk & Why Diversification Is Non-Negotiable25:16 Overpaying, Floating-Rate Debt & Speculation27:42 Where to Find Paul Follow Paul:  https://www.linkedin.com/in/paul-moore-3255924/Find top-reviewed sponsors on investclearly.com If you’ve invested in a private real estate deal, help others by sharing your experience and leaving a reviewAre you a sponsor and want to appear in a future episode? Claim your profile today at investclearly.com. Show Sponsor: ScaleIRReady to scale your investor relations and capital raising effectiveness? Visit ScaleIR.com to learn more and book your strategy call today.