Join our community of RE investors on Skool: https://www.skool.com/the-real-estate-investing-club-5101/about?ref=44459ba83f5540f19109c8a530db4023<br /><br />0:00 Episode Introduction<br />0:58 From Engineering to Real Estate Empire Journey<br />3:34 Why Paul Abandoned Multifamily for Better Assets<br />5:56 Mobile Home Park Deal Finding Strategies<br />8:59 Park-Owned vs Tenant-Owned Home Conversions<br />12:07 Self-Storage Investment Thesis and Value-Adds<br />16:00 Small Town Success: Beeville Texas Case Study<br />18:14 U-Haul Partnership Revenue Reality Check<br />21:37 How to Lose Money Podcast Wisdom<br />25:11 Circle of Competence: Warren Buffett's Advice<br />27:17 Geographic Investment Strategy Revealed<br /><br />FROM ENGINEERING TO ALTERNATIVE INVESTMENTS EMPIRE 🏗️➡️🏢<br />In this powerful episode of The Real Estate Investing Club podcast, host Gabe Petersen interviews Paul Moore, a seasoned commercial real estate investor who pivoted from multifamily syndication to focus exclusively on mobile home parks, self-storage, and RV parks. Paul's journey from engineering to building a diversified alternative investment portfolio offers invaluable insights for investors seeking higher returns outside traditional asset classes.<br /><br />THE 347% IRR MOBILE HOME PARK GOLDMINE 📈💎<br />Paul shares an incredible success story from February 2020, when his team acquired a mobile home park for $7.1 million and received a $9.5 million offer just one week later. Despite COVID uncertainty, they held the asset and eventually sold for a staggering 347% IRR after implementing strategic improvements. This deal exemplifies the hidden value in mom-and-pop owned alternative assets that institutional investors often overlook.<br /><br />WHY MULTIFAMILY BECAME OVERPRICED AND OVERSATURATED 🏢❌<br />Unlike most real estate investors who praise multifamily investing, Paul explains why he abandoned the sector around 2018. With hundreds of guru-trained investors chasing the same deals, multifamily properties became overpriced and over-leveraged. Paul recognized that believing in perpetual 11.2% annual rent growth was unrealistic, leading him to seek assets with genuine intrinsic value following Warren Buffett's investment principles.<br /><br />MOBILE HOME PARK ACQUISITION STRATEGIES 📞🎯<br />Paul's operating partners employ a systematic approach using eight full-time team members who contact over 1,000 mom-and-pop mobile home park owners weekly. Their persistence pays off, as demonstrated by a seven-year relationship-building process with an 88-year-old owner who finally sold at age 95. This long-term nurturing approach often results in below-market acquisitions from motivated sellers who value relationships over maximum profits.<br /><br />Join our community of RE investors on Skool: https://www.skool.com/the-real-estate-investing-club-5101/about?ref=44459ba83f5540f19109c8a530db4023
