FBF #673: Growing Your Investment Portfolio Using Mid-Term Rentals

Real Estate Investing for Cash Flow with Kevin Bupp

Kevin Bupp

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4.9 • 675 Ratings

🗓️ 24 November 2023

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today's Flash Back Friday episode is from episode #585, which originally aired on 5/1/23.

Real estate investor Michael Albaum splits his time between full-time real estate investor as well the program manager for Roofstock Academy. His experience runs the gamut of single family investments all the way to NNN properties with national credit tenants and a little bit of everything in between. Additionally, Michael has built an expertise at long-distance, value-add multifamily investing and has structured lifestyle that has allowed him to continually invest while traveling the world with his wife.

Quote:

Don’t pretend you know everything, because you don’t. Be humble and willing to ask questions and to learn.

Highlights:

04:55: Getting laser focused on one market to get better results

07:35: Utilizing local, state and national grants to help buy and fix up properties

15:10: The work Michael does teaching real estate investors at Roofstock

17:25: How Roofstock’s mission and business model has shifted to adjust to the current market

20:15: Why mid-term rentals have helped Michael weather current market conditions

25:25: How Michael traveled full-time in a van while managing his investments

27:30: Where Michael’s business is headed in the next five years

33:25: The types of mid-term rentals that are most in-demand

Guest Website: https://www.roofstock.com/

Recommended Resources:

Accredited Investors, you’re invited to Join the Cashflow Investor Club to learn how you can partner with Kevin Bupp on current and upcoming opportunities to create passive cash flow and build wealth. Join the Club!
If you’re a high net worth investor with capital to deploy in the next 12 months and you want to build passive income and wealth with a trusted partner, go to InvestWithKB.com for opportunities to invest in real estate projects alongside Kevin and his team.
Looking for the ultimate guide to passive investing? Grab a copy of my latest book, The Cash Flow Investor at KevinBupp.com.
Tap into a wealth of free information on Commercial Real Estate Investing by listening to past podcast episodes at KevinBupp.com/Podcast.

Learn more about Kevin’s investment company and opportunities for Lifetime Cashflow at sunrisecapitalinvestors.com.

Transcript

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0:00.0	Welcome to this week's edition of Flashback Friday. It's your opportunity to get some good review by listening to episodes from the past that Kevin is handpicked to help you along your investment journey. If you like to partner with Kevin and join his team at Sunrise Capital Investors, head to invest with sunrise.com to learn more. That's
0:22.1	invest with sunrise.com. Enjoy the show. Now, our guests for this week's show is real estate
0:27.8	investor, Michael Albam. Now, Michael splits his time between full-time real estate investor as well as
0:32.7	the program manager for Roofstock Academy and as a podcast host of the SFR show, which focuses primarily on
0:39.4	single family residential real estate. Now, his expertise runs the gamut of single family
0:44.3	investments all the way to triple net properties with national credit tenants and a little
0:49.3	bit of everything else in between. Additionally, Michael has built an expertise at long distance value at multifamily investing
0:56.4	and has structured a lifestyle that has allowed him to continually invest while traveling the world
1:01.5	with his wife in a van, which hopefully we're going to be talking about here today. And so with that,
1:05.2	guys, it's an honor to welcome Michael Albaum to the show. Michael, how you doing today?
1:10.6	Hey, great, Kevin.
1:11.5	Thank you so. Anyone watching this can tell I'm red blushing. Thank you so much for the warm,
1:15.9	kind introduction. Appreciate it. Yeah, I'm excited to have you here. Excited to learn about your story,
1:20.4	you know, pull back the curtain, as I like to say, and just get a better understanding of you
1:24.8	as an individual, but also your business and just really where
1:28.6	you're at today in the real estate world. So I guess first and foremost, I gave you that brief
1:31.7	introduction, Michael, maybe take a few moments. I'll pass it back to you. Tell the listeners a little
1:36.3	more about yourself, your background, how you found your way into this crazy real estate world.
1:40.6	And then ultimately what you're up to today. Yeah, sure thing. So I did, I think what so many
1:45.6	of your listeners probably did, I went to school, got good grades, went and got a good job. And pretty
1:49.4	early on in that career realized that I wasn't going to get where I wanted to go fast enough.
1:53.1	And I thought I hit the mountaintop because I had this great corporate job. I went to school for
	...

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