1205 - How Our Deal Broke Down at the Last Minute—And Why I’m Happy About It by Paul Moore

BiggerPockets Daily

English - February 01, 2024 07:00 - 9 minutes - ★★★★★ - 284 ratings
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Previous Episode: 1204 - Here’s How I’m Growing My Portfolio This Year—And How You Can Too by Dave Meyer

Next Episode: 1206 - Commercial Real Estate Had a Tough 2023—Here’s How You Can Buy It Now by Paul Moore

I’m really a pretty nice guy. I’ve met hundreds of you in person and spoken to a few thousand more prospects/investors by phone or on Zoom. So, hopefully, most of you agree.
But as I write this, I’m a bit miffed. You see, our Wellings Capital team is like family. We love and care for each other. So, I hate to see anyone on our team taken advantage of. But it feels like that’s what happened here.
Our team recently spent over five weeks heads-down on what should have been a straightforward preferred equity investment. I did the due diligence trip in the fall. It was a beautiful mobile home park, and we were eager to add it to our investment portfolio.
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I’m really a pretty nice guy. I’ve met hundreds of you in person and spoken to a few thousand more prospects/investors by phone or on Zoom. So, hopefully, most of you agree.

But as I write this, I’m a bit miffed. You see, our Wellings Capital team is like family. We love and care for each other. So, I hate to see anyone on our team taken advantage of. But it feels like that’s what happened here.

Our team recently spent over five weeks heads-down on what should have been a straightforward preferred equity investment. I did the due diligence trip in the fall. It was a beautiful mobile home park, and we were eager to add it to our investment portfolio.

Learn more about your ad choices. Visit megaphone.fm/adchoices