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 estateBought a house for $34,000—painted it, and sold it for $65,000Never fall in love with a dealFrom two failed flips to 50 successful ones!The difference between gambling and investingHow he built a Hyatt hotel with a partner and lost moneySome reason behind the dropping of homeownershipWhy he thinks multifamily properties are perfect investmentsHow he looked at 180 deals this yearHe 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 laterFinancing an $8.7 million multifamily propertyWhat is a green loan program?The journey to a syndication processHow he’s been able to write a book, have a podcast, and write for BiggerPocketsNetworking through BiggerPocketsAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets WebinarsTim Ferriss ShowBiggerPockets New Member Introductions ForumsNMAC ConferenceBooks Mentioned in this ShowMastering the Rockefeller Habits by Verne HarnishThe Perfect Investment by Paul MooreThe Complete Guide to Buying and Selling Apartment Buildings by Steve BergesThe ONE Thing by Jay Papasan and Gary KellerFire Round QuestionsWhat 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 PaulPaul’s Company WebsitePaul’s PodcastPaul’s Posts on BiggerPocketsPaul’s BiggerPockets Profile