Truly Passive Income
Paul Moore reviewed over 1,100 deals last year and invested in only six, a filter rate that reveals just how seriously the founder of Wellings Capital approaches risk in today's market. Paul Moore runs Wellings Capital, a real estate private equity firm managing roughly $180 million across self-storage, mobile home parks, industrial, and multifamily assets. A self-described former "certified shiny object chaser," Paul now applies Warren Buffett's principles directly to commercial real estate, focusing on what he calls the boring investor approach. In this conversation he breaks down the critical difference between investing and speculating, explains how his team uses preferred equity and JV hybrid equity positions to protect downside while preserving upside, and shares the 31-point due diligence checklist Wellings Capital uses to vet operators. Paul also discusses why fraud remains the number one risk in passive investing and how capital stack positioning has become central to his strategy after the painful lessons of the last three years. CHAPTERS * [0:00] Investing vs. Speculating * [3:52] Lessons from the Market Shift * [10:22] Capital Stack Positioning * [18:15] Due Diligence on Operators * [25:42] Asset Classes Right Now * [33:40] How Wellings Capital Works RESOURCES Disclosure: Some links below are affiliate links. We may earn a commission at no cost to you. As an Amazon Associate we earn from qualifying purchases. * The One Thing by Jay Papasan and Gary Keller [https://www.amazon.com/ONE-Thing-Surprisingly-Extraordinary-Results/dp/1885167776?tag=tpi2026-20] * The Hands-Off Investor by Brian Burke [https://www.amazon.com/Hands-Off-Investor-Passive-Estate-Syndications/dp/1947200984?tag=tpi2026-20] * Wellings Capital free resources and 31-point due diligence checklist [https://wellingscapital.com/resources] Get our free Passive Investor Starter Kit [https://trulypassiveincome.com/starterkit/] Follow us: YouTube @trulypassiveincomepod | Instagram @truly_passive_income
156 episoder
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