Episode 48: Paul Moore Wellingscapital Create Multifamily Investing Wealth
Real Estate Investing Profit Masters by Cory Boatright
Release Date: 01/26/2017
Episode 80: Scott Smith Royal Legal Solutions
Real Estate Investing Profit Masters by Cory Boatright
Welcome back to the show! Today, I bring you another epic interview. This time, I get the chance to speak with Scott Smith of Royal Legal Solutions. If you’re a real estate investor, Scott’s business is a one-stop shop; he handles all kinds of legal issues that come up with real estate investing. Tune in to hear this really high-value episode and don’t forget to take notes! Minute Markers: [03:54] Scott describes his core team in Austin, TX. [04:29] Defining his ideal client. [06:10] His current holdings and what made him get into real estate investing. [09:10] Why people are mistaken...
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Episode 79: Gene and RAL
Real Estate Investing Profit Masters by Cory Boatright
Welcome back to the show, my party people! It’s been a while since the last episode, so I thought we’d dive right back in with a really hot topic: Residential assisted living. My guest, Gene Guarino, an expert in the field, is going to explain to us how we can turn a residential home into an assisted living facility. It’s a fascinating conversation and what he has to say will blow your mind. Tune in to hear how many ways you can skin this cat! Minute Markers [03:45] Gene introduces himself and describes his ideal client. [04:55] His foray into the world of assisted living...
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Episode 78: Lee Arnold Code Enforcement and Abatement Treasures
Real Estate Investing Profit Masters by Cory Boatright
Today, I speak with Lee Arnold, someone I’ve known for about a decade. He is someone I hold in high regard and respect him for his ability to have built his business based on biblical principles. We discuss how his personal history led him to his current career, as well as how his faith guides him in business. We also talk about his experience with code enforcement and abatements. Tune in to hear Lee’s story and what he does at Cogo Capital. MINUTE MARKERS [04:00] Lee calls in from the small town of Coeur d'Alene, Idaho. [05:50] Lee’s educational and professional history....
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Episode 77: Geremy Heath American Turnkey Properties
Real Estate Investing Profit Masters by Cory Boatright
Hello and welcome back to all my favorite investors and entrepreneurs. Today, we have another great show for you. I sit down and chat with Geremy Heath, the CEO of American Turnkey Properties and Six Sigma Black Belt. Together, we discuss not only his company’s mission, but the best ways to invest and methods for success. American Turnkey Properties is a real estate sales and management company. They fix up rental properties and find investors for said properties. These are great investments, as there are different ways to hold the properties. Tune in to hear our conversation about Geremy...
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Episode 76: David Lecko and DealMachine
Real Estate Investing Profit Masters by Cory Boatright
Hello and welcome back to all my favorite investors and entrepreneurs. Today’s guest is a special one. David Lecko, founder of the DealMachine app and community, is a man focused on personal development. If he wasn’t, he never would have designed this amazing real estate tool in the first place. DealMachine is an amazing mobile app designed specifically for real estate investors. David started out with rental properties and driving for dollars, but he quickly realized he needed a tool that could streamline all of his responsibilities. Thus, DealMachine was born! At first the app was just...
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Episode 75: David Dodge Ultimate Investing Tips and Strategies
Real Estate Investing Profit Masters by Cory Boatright
Keep the best and sell the rest. That’s the motto of David Dodge, a killer wholesaler from St. Louis. He’s on the show today dropping some real nuggets for real estate investors of all kinds. David is on fire right now, doing wholesales, fix and flips, and he just published his first book. Tune in now to catch this guy while you can, because his real estate investments are really about to take off! David then started renting properties out early on but quickly realized there’s a better way to do this business. That’s where the inspiration for David’s real estate investment strategy...
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Episode 74: Chris Miles Money Ripples Anti Financial Guru
Real Estate Investing Profit Masters by Cory Boatright
If you’ve never heard of an “infinite banking strategy”, today is your lucky today! Chris Miles is on the Profit Masters right now to help you figure out new ways to get some extra money coming in. These are strategies you may never have considered before because it really goes against all of the traditional things we’ve learned when it comes to banking, investing, and retirement funds. That’s why they call Chris the anti-financial advisor. He’s up here turning the industry on its head with some of the things he’s doing out here. Since retiring in 2006 - yes, that’s right, I...
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Episode 73: Aaron Chapman Mortgage Loan Officer Extraordinaire
Real Estate Investing Profit Masters by Cory Boatright
My guest today is LEGENDARY. He is crushing it right now in the mortgage industry. He closed over 700 deals last year! Aaron Chapman is one of the best mortgage loan officers, but don’t expect today’s podcast to be a stuffy banking episode. Aaron isn’t your ordinary mortgage broker - his beard is almost two feet long! But it’s not just his appearance that’s different, it’s his whole approach to real estate investing. Aaron’s created a niche for himself that really sets him above the rest of the mortgage industry. From a real estate investing standpoint it’s really refreshing to...
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Episode 72: Greg Helbeck Secret Genealogist Real Estate Gold
Real Estate Investing Profit Masters by Cory Boatright
Welcome back to the Real Estate Investing Profit Masters podcast! My guest today is really going to blow your mind. Greg Helbeck is only 23 years old but he is killing it with virtual real estate investing. That’s right - I said VIRTUAL. Greg is living in San Diego while working deals in New York and Texas. In fact, we’re doing a deal in Dallas together and that’s why I’m so excited to bring him on the show. Greg’s real estate investment strategy may surprise you. He’s out there using a genealogist to close on some real hairy deals. Greg breaks down his strategy for getting through...
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Episode 71: Joe and Matt Maximum Exposure with Podcasting and Traffic
Real Estate Investing Profit Masters by Cory Boatright
Buckle your seatbelts, party people! Today’s episode of Real Estate Investment Profit Masters is taking a different turn. I’ve brought on two of my good friends, Matt Wolfe and Joe Fier from the Hustle and Flowchart Podcast, to talk about how you can start your very own podcast. It might sound weird, I know. Real estate investing and podcasting? Whodathunk? But it’s seriously one of the best marketing strategies you can use as a real estate investor to get maximum exposure and authentically build your business. I know most of you are already familiar with all the different online and...
info_outlineI am amped about today’s episode of REIP. I haven’t been this excited for an interview in a really long time. My guest today is totally changing the scene through his investment strategies and his faith, and I couldn’t be more psyched to have him on today. Paul Moore is the real estate investor behind Smith Mountain Homes and Wellings Capital, and he’s got the perfect balance between earning and giving back. This interview is one of my favorites, so strap in and get ready to have your mind blown. And please watch us on the video because Paul’s got amazing charts and graphs that really illustrate how his multi-family investing strategy works.
Paul started out flipping properties like the rest of us, but how he got into multi-family investing is really interesting. He shares today how he launched an entrepreneurial venture in Detroit, got bored, and started flipping houses before flipping was even a thing. He started with mobile homes and moved up into waterfront properties. Things got tough when the housing bubble popped, like it did for most of us, but his recovery strategy was all about giving back. He was giving to others when he had nothing and it paid off in a huge way. He’s now working with multi-million dollar investments and teaching other investors how to benefit from the low risk and tax cuts of commercial investment in apartments and multi-family homes. Be sure to watch our interview video because Paul is sharing his graphs and his work illustrating how multigenerational profits work and how you can cash in on multifamily properties and investing. Start video at the 25 minute mark to see Paul’s charts and graphs that cover the on-going transformation of the housing market as we move through the 21st century.
MINUTE MARKERS
4:20 - Here is Paul Moore!
5:30 - Paul’s got his own podcast
6:25 - Paul got his start at Ford Motor Company
8:00 - How did get Paul get involved in real estate?
9:15 - Paul was his own inspirational leader at first
10:15 - Paul’s local business Smith Mountain Homes helps local real estate agents
14:10 - How did faith help Paul get out of his $2.5 million debt?
16:30 - What is WWGMD and who is George Muller?
19:20 - Paul’s fateful meeting in a Subway restaurant that changed his view of subdivision
22:28 - How did Paul’s experience shape his real estate investment strategy?
24:23 - What’s the difference between investing and speculating?
25:38 - What’s working for Paul’s commercial multi-family investing? (check the video!)
28:35 - Paul’s visual aids for the echo boom and how it effects home ownership
32:25 - The graph that convinced Paul’s financial planner to invest in multi-family
36:30 - The tax benefits of commercial investing
38:20 - How are fractional owners working for Paul’s multi-family investing strategy?
42:00 - A quick summary of cost segregation and the acceleration of depreciation
45:25 - Paul breaks down forced depreciation
50:15 - What’s Paul’s favorite motivation quotes?
52:30 - Paul absolutely loves HelpSpot
53:33 - Paul’s morning routine
56:40 - Paul talks about his Type A Personality sleep patterns
58:40 - What is Paul most grateful for?
59:25 - Paul recommends finding a mentor to help you kick start your next big move
1:01:50 - What does Paul’s company – Wellings Capital – have to do with Toms Shoes?
1:03:20 - Paul’s passion stops him from retiring
1:11:00 - Check out Paul’s book The Perfect Investment
If you email Paul your receipt at [email protected], he will match your amount with a donation to Exodus Cry Films
RESOURCES
Paul’s Podcast: How to Lose Money
Paul’s Website: Smith Mountain Homes
Paul’s Business: Wellings Capital
Paul’s Book: The Perfect Investment
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