FBF #790: Learning to Invest and Manage Properties Remotely

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:

• 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!
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• 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. 
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• Looking for the ultimate guide to passive investing? Grab a copy of my latest book, The Cash Flow Investor at KevinBupp.com. 
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• 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.