What would Warren Buffett do if he invested in real estate?

In this episode, Brian Hamrick welcomes back Paul Moore, Founder of Wellings Capital and author of multiple real estate investing books, to explore safer, smarter strategies in today's market. Paul shares why he believes Buffett's investing principles apply directly to commercial real estate—and even argues that Buffett might have been more successful in property than in stocks.

Key topics we cover:

Preferred Equity 101: where it fits in the capital stack and why it can deliver debt-like returns with equity-style protection
Rescue Capital vs. Safer Structures: why Wellings avoids distressed bailouts and instead focuses on recapitalizations and acquisitions
Hybrid JV Equity: the new strategy that combines the protections of preferred equity with the upside of common equity
The Buffett Playbook: how timeless principles like intrinsic value, discipline, and saying "no" apply to real estate investors today
Asset Management as Risk Control: why fraud and people problems—not pro formas—are the biggest investor risks
Paul's upcoming book, Warren Buffett's Rules for Real Estate Investors
His nonprofit mission with AIM to fight human trafficking

Paul also opens up about the mistakes he's avoided (like floating-rate debt during the rate hikes) and the lessons he's learned from decades in the business.

📌 Resources & Links:

Free investor resources: wellingscapital.com/resources
Support AIM: aimfree.org/wellings
Follow Paul on LinkedIn: https://www.linkedin.com/in/paul-moore-3255924/

Today's episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area.

https://www.livegreenlocal.com

And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and medicare benefits.

https://www.rcbassociatesllc.com

Hannah McCarthy

The AI-powered Podcast Player