Secrets To Real Estate Investing Show

SREI 0044 Paul Moore-From $1.5M in the bank to $2.5M in debt and back to debt-free 13 months later

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Sinopsis

On this episode of House Flip Masters Holly is joined by guest Paul Moore. Holly was intrigues by Paul’s story of having $1.5 million dollars in the bank to $2.5 million dollars in debt and 13 months from that moment he freed himself of all his debt.  Paul has an MBA and an engineering degree. He worked at Ford Motor Company for 5 years before he realized he was dying there and wanted to become an entrepreneur. At the age of 35 Paul had become semi-retired but decided that he needed to keep busy and he decided to start flipping homes with his friends. Not heeding the warning signs of the real estate market prior to the crash Paul found himself $2.5M in debt in late 2007.  In January of 2008 Paul asked himself what would George Mueller do? George Mueller lived in the 1800’s and he was a man who cared for over 10,000 orphans. George also kept track of every penny spent and every penny that was earned. It is estimated that Mueller raised about $180M at that time just with his faith, Mueller never asked for money