4.9 • 675 Ratings
🗓️ 6 September 2024
⏱️ 37 minutes
🧾️ Download transcript
Today's Flash Back Friday episode is from #463 that originally aired on July 18, 2022.
Real estate investment expert, and fellow podcaster, Michael Albaum.
Michael is a real estate investor and Program Manager/Head Coach of Roof-stock Academy, which is one of the world's leading real estate investment marketplaces and has exceeded more than $6 billion in transactions and continues to disrupt the industry with cutting-edge technology and innovations.
In the last decade, Michael has done a variety of deals ranging from single-family homes to longer-term NNN lease properties with national chain tenants. After years of investing, he found his niche in long-distance, value-add multifamily investing. Michael recently left the 9-5 world and prior to the pandemic was traveling around the world with his wife, who is also able to work remotely.
Quote:
“As I grew organically in the real estate space, my purview grew as well. And I found short-term rentals are an asset class that can make a lot of sense for a lot of people.”
Highlights:
05:45: Why getting laser-focused on particular markets led to Michael’s success
07:45: The systems and processes Michael uses to manage investments remotely
09:50: How Michael manages his multi-family investments
13:05: Getting multi-family units ready to lease using property management companies
17:05: How the pandemic and today’s financial market impacted Michael’s investment strategy
22:00: Getting funding for rehab projects
28:10: How short-term rentals have been impacted by increases in post-covid travel
31:35: Finding financing for short-term rental investments
32:40: What advice Michael would give to himself 10 years ago
Guest Website: https://www.roofstockacademy.com/
Recommended Resources:
Learn more about Kevin’s investment company and opportunities for Lifetime Cashflow at sunrisecapitalinvestors.com.
Click on a timestamp to play from that location
0:00.0 | Welcome to this week's edition of Flashback Friday. |
0:05.0 | 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. |
0:13.0 | 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 invest with sunrise.com. Enjoy the show. |
0:27.8 | You've been searching for the best way to generate passive income in your life and heard that |
0:32.8 | real estate is a great way to do it. But you're tired of all the so-called gurus who are all talk and no substance. |
0:40.6 | Get ready to celebrate |
0:42.0 | because Kevin Buck has spent 14 years |
0:44.8 | successfully making it happen. |
0:47.1 | This is the Real Estate Investing for Cash Flow podcast. |
0:50.7 | Now, here's Kevin Buck. |
0:57.2 | Hey guys, Kevin Bup here, and I want to welcome to another episode of the Real |
1:00.3 | Estate Investing for Cashflow podcast. |
1:02.4 | Our mission is to help you build and maintain massive amounts of cash flow through |
1:06.0 | income producing real estate investments. |
1:08.2 | And our guest for this week's show is entrepreneur, real estate investment |
1:10.8 | expert, and fellow podcaster Michael Albaum. Now, Michael is a real estate investor and program manager |
1:16.2 | and head coach of Roofstock Academy, which is one of the world's leading real estate investment |
1:20.6 | marketplaces, which has exceeded more than six billion in transactions and continues to disrupt |
1:26.3 | the industry with cutting edge technology |
1:28.1 | and innovations. |
1:29.3 | Now, in the last decade, Michael has done a variety of deals ranging from single-family homes |
1:33.7 | to longer-term triple net lease properties with national chain tenants. |
... |
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