54. Deal deep-dive: Mobile home parks with Paul Moore

Description

ABOUT PAUL MOORE:

Paul is the Founder and Managing Partner of Wellings Capital, a real estate private equity firm. 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. He is also a co-host of a wealth-building podcast called How to Lose Money and a three-time real estate author.

THIS TOPIC IN A NUTSHELL:

[02:11] Why does Paul love mobile home parks

[03:37] Intrinsic value of self-storage

[04:33] How they found the deal

[08:34] How to partner with Tenants/owners

[09:25] Managing utility bills

[09:50] Reducing overall expenses

[10:45] Value add formula done to the property

[15:53] Leasing out mobile homes

[17:51] Tax benefits of mobile home parks

[20:04] Best way to reach out to Paul Moore

KEY QUOTE:

“Mobile home parks had been tied with the best investment I have ever made. I mean you if lease mobile homes out, you'll gonna likely be so sorry but if you leased out dirt which is the mobile home park to the tenants, it's a very high potential profit.”

SUMMARY OF BUSINESS:

Wellings Capital is a real estate private equity firm that manages a number of investment funds. We work with accredited investors and provide diversification across self-storage and mobile home park assets. Wellings Capital designates a portion of its profits to thwart human trafficking and rescue its victims.

ABOUT THE WESTSIDE INVESTORS NETWORK

TheWestside Investors Network is your community for investing knowledge for growth. For real estate professionals by real estate professionals. This show is focused on the next step in your career... investing, for those starting with nothing to multifamily syndication.

The Westside Investors Network strives to bring knowledge and education to the real estate professional that is seeking to gain more freedom in their life. The host AJ and Chris Shepard, are committed to sharing the wealth of knowledge that they have gained throughout the years to allow others the opportunity to learn and grow in their investing. They own Uptown Properties, a successful Property Management, and Brokerage Company. If you are interested in Property Management in the Portland Metro or Bend Metro Areas, please visit www.uptownpm.com. If you are interested in investing in multifamily syndication, please visit www.uptownsyndication.com.

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CONNECT WITH PAUL MOORE:

Email: paul@wellingscapital.com

Website: https://www.wellingscapital.com/

LinkedIn: https://www.linkedin.com/in/paul-moore-3255924/

BiggerPockets: https://www.biggerpockets.com/users/paultmoore

Twitter: @PaulMooreInvest

Instagram: @paulmooreinvest

CONNECT WITH US

For more information about investing with AJ and Chris:

· Uptown Syndication | https://www.uptownsyndication.com/

· LinkedIn | https://www.linkedin.com/company/71673294/admin/

For information on Portland Property Management: