Paul Moore of Wellings Capital shares lessons from losing millions, shifting into recession-resistant assets, and building a fund with 990+ investors. In this episode of RealDealChat , Jack sits down with Paul Moore , managing partner at Wellings Capital , to discuss his journey from engineering and entrepreneurship to becoming a respected commercial real estate fund manager. Paul shares the mistakes that took him from $1.5M in the bank to $2.5M in debt, and the key lessons that reshaped his investing philosophy. He breaks down why chasing shiny objects nearly destroyed his wealth, and why true success in real estate comes from focus, due diligence, and discipline. Key insights from this conversation include: The importance of avoiding risky floating rate debt Why “it’s different this time” is the biggest lie investors tell themselves How Wellings Capital vets 700+ deals a year and only invests in ~5 The recession-resistant power of mobile home parks & self storage Value-add strategies that force appreciation in commercial real estate Why busy professionals should consider passive investing over DIY Trends in multifamily, retail, and office space heading into 2025 Wellings Capital’s philanthropic mission to fight human trafficking 📌 Learn more at WellingsCapital.com 💡 Want help scaling your real estate business with AI and automation? Schedule your free strategy session today: https://realdealcrew.com Call to Action: Learn more at https://realdealcrew.com Timestamps 00:00 – Paul Moore’s journey: engineer → entrepreneur → real estate 02:00 – Losing millions chasing shiny objects 03:00 – Flipping homes & land before moving into commercial 04:00 – Multifamily lessons & writing The Perfect Investment 05:00 – Early mistakes & lack of due diligence 06:00 – Thoughts on Grant Cardone’s “buy any multifamily” advice 08:00 – Why floating rate debt is so dangerous 09:00 – The case for mobile home parks & affordable housing 11:00 – Self storage value-add opportunities explained 12:00 – Why passive investors need strong fund managers 13:00 – Wellings Capital’s 27-point due diligence process 15:00 – Saying “no” at the closing table & lessons learned 16:00 – Economic trends and Buffett/Munger’s influence 18:00 – Pivoting to preferred equity for safety 19:00 – Multifamily’s future & the 3M unit shortage 20:00 – Retail resilience vs office struggles 21:00 – Success stories: focusing on recession-resistant assets 23:00 – Why most professionals fail at DIY investing 24:00 – Horror story: Ponzi schemes & chasing hype 25:00 – Lessons from distractions outside of real estate 26:00 – Wellings Capital’s mission to fight human trafficking 28:00 – The power of focus over decades 29:00 – Rapid fire: lies, advice, books & time-saving tools #RealEstateInvesting #CommercialRealEstate #SelfStorageInvesting #MobileHomeParks #MultifamilyInvesting #PassiveIncome #WellingsCapital #PaulMoore #RecessionResistant #RealDealChat #ValueAddRealEstate #DueDiligence #RealEstateFunds #AccreditedInvestors #GenerationalWealth RealDealCrew.com We empower real estate investors by optimizing your business processes through...
