In this episode, Michael Blank is joined by seasoned investor Paul Moore, founder of Wellings Capital, to unpack the journey from flipping houses and chasing every real estate strategy… to raising over $200 million in capital and building a fund-based business that finally delivered real wealth. Paul shares how a single moment with a mentor forced him to stop winging it and build a true capital-raising system.

They dive deep into how capital raisers can grow with or without a deal, the myths about passive income, and why commercial real estate is fundamentally different (and more powerful) than residential. This episode is a masterclass in focus, mindset shifts, and breaking through plateaus by specializing.

Key Takeaways:

• Passive Income Is a Lie—Until You Do This: Both Paul and Michael learned the hard way that flipping houses isn’t passive—and the real path to financial freedom is cash-flowing commercial assets.
• Focus Beats Hustle: Paul was stuck chasing inconsistent deals until he narrowed in on raising capital and built a repeatable system to attract investors.
• Raising Capital Is a Skill, Not a Gift: Whether you do it 1-on-1 or through content marketing, anyone can learn how to raise millions—if they follow a proven playbook.
• Why the "Old Boys Club" Ignores You: Breaking into commercial real estate requires more than desire—you need credibility, partners, and a real strategy to be taken seriously.
• Commercial Real Estate Is Based on Math, Not Hype: Unlike residential, you can force appreciation through net income. That means you have control over value.
• The Fund Manager Model: Paul explains how capital raisers can scale faster—and stay compliant—by launching their own funds and partnering with proven operators.

Connect with Paul Moore:

• Website: wellingscapital.com
• Resources: Free eBooks on multifamily, self-storage, and mobile home park investing → wellingscapital.com/resources
• Books: Author of The Perfect Investment, Storing Up Profits, and Warren Buffett’s Rules for Real Estate Investors
• Social Media: Find Paul on LinkedIn, YouTube, or search for Paul Moore Wellings Capital
• Philanthropy: Support his anti-human trafficking work at aimfree.org

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Forget what you’ve been told about retirement. In this episode, Michael Blank breaks down why chasing the dream of sitting on a beach at 65 is not just outdated—it’s dangerous. He unpacks the flawed math behind 401(k)s, FIRE, and single-family rentals, and lays out a smarter, faster path to freedom through multifamily syndications. If you're a high-income earner chasing control over your time, this episode will reframe how you think about “retirement” and show you how to buy your time back—on your terms.

Retirement Is Not the Goal—Freedom Is

• Traditional retirement means doing nothing, and that’s not fulfilling for most people.
• After a short break, high performers crave impact, purpose, and productivity.
• Financial freedom gives you options—to work, to rest, to choose how you live.

The Math of Retirement Doesn’t Work

• The 4% Rule requires you to save $3M+ for $10K/month in passive income—before inflation.
• With inflation, that number balloons to $7.3M to maintain your current lifestyle.
• Very few people are saving $2K–$15K/month for 10–30 years consistently.

Why the FIRE Movement Falls Short

• FIRE (Financial Independence, Retire Early) demands extreme frugality—up to 70% savings rates.
• It's built on sacrifice and still relies on fragile stock market assumptions.
• Once “retired,” most FIRE followers still live lean—without true freedom or fulfillment.

Why Rentals Are Better—But Still Not Enough

• Even buying one rental per year doesn’t get you to $10K/month cash flow fast.
• 50 rentals = $10K/month at $200/month per property—a huge operational burden.
• BRRRR and flips can help, but they’re still slow, time-intensive, and hard to scale.

Multifamily Syndications: The Fast Track to Freedom

• Acquisition fees from one deal can replace your income and give you a 12-month runway.
• Syndications have multiple profit centers: fees, cash flow, equity, and backend profits.
• With the right coaching, you can quit your job within 1–2 years—not 30.

Break the “DIY” Trap: Why Coaching Matters

• Most people try to figure it out alone and stay stuck for years.
• Multifamily syndications are a team sport—scale comes from partnerships, not hustle.
• Without a roadmap, you’ll hit a ceiling fast or never start at all.

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How do you scale to 350 multifamily units in a high-regulation, tenant-friendly market like Massachusetts—starting with a single house hack and a HELOC?

In this episode, Andrew Freed breaks down how he did exactly that. He shares how he transitioned from a high-paying W-2 to full-time real estate investor, why he leaned into a market most investors avoid, and how strategic partnerships and capital raising unlocked serious growth. You’ll learn what actually worked, what didn’t, and how Andrew built a business that now self-manages 250+ units—all without starting rich or flashy.

If you're serious about scaling and want a real-world blueprint from someone who's done it in a tough market, this one's worth your time.

Turning a W-2 Into a Real Estate Exit Plan

• Why Andrew stayed at his W-2 way longer than he needed to
• The mastermind moment that finally pushed him to quit
• How he 5X’d his income after going all-in

How to Go from One House Hack to Hundreds of Units

• The simple playbook he used to scale with zero previous experience
• Why he ditched the “one duplex a year” plan and went big
• How small, boring properties (2–30 units) became his superpower

Raising Capital Without Feeling Salesy or Sleazy

• How Andrew raised over $20M—even as an introvert
• The mindset shift that made all the difference
• What NOT to do when asking people to invest

Investing Where No One Else Wants To

• Why he’s buying in Massachusetts—and crushing it
• How Section 8 became a secret weapon
• His strategy for thriving in “landlord-unfriendly” markets

Partnering the Right Way (So You Don’t Get Burned)

• How to structure roles, control the money, and build trust
• Why partnerships skyrocketed his growth—and what to watch out for
• His “video game” approach to business (seriously)

https://freedommanagement.net/

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