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Analysis of Investing in Multi-Family Real Estate with Michael Albaum
Manage episode 336778546 series 2833722
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You will want to explore adding multifamily investing to your portfolio at some point especially after you listen to this episode.
A multifamily property is any private property that contains more than one lodging/housing unit. No matter how you decide to put resources into a multifamily property, this venture can be an extraordinary financial building tool.
Michael Albaum is our guest on Unstoppable REI Wealth to discuss how he invests in multi-family real estate properties, remotely, while embodying the nomadic lifestyle of living in a van and traveling with his wife full time.
Michael Albaum is a real estate investor and Program Manager/Head Coach of Roof-stock Academy. In the last decade, he 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 before the pandemic was traveling around the world with his wife, who is also able to work remotely. Having seen the benefits that real estate can provide, Michael is extremely passionate about helping others to achieve their goals by using real estate as a vehicle. Michael is also the host of The Remote Real Estate Investor Podcast, which interviews RE industry professionals about remote real estate investing.
Below are the topics that Michael discussed in the show to educate the listeners:
• Nomadic Investing - How to manage/invest in RE while living in a van/traveling full time
• Hands off NNN vs Remote Value Add Multifamily - Why Michael landed on Multifamily
• How much passive income is needed to live nomadically and travel constantly?
• How to start investing in RE as a side hustle while having a full-time job to fund purchases.
• How to make the mental mindset shift around never seeing, or touching an investment property before purchasing or ever during the lifecycle of ownership.
• Why I dove headfirst into the commercial multifamily asset class (5+ units)
• What actionable steps do you need to take today to get yourself on the road to investing in rental properties?
• How to scale your side hustle investment properties into a portfolio that could give you financial freedom.
If you want to connect with Michael Albaum, here are his social links:
Michael Albaum LinkedIn - https://www.linkedin.com/in/michael-albaum-297a8534/
Michael Albaum Twitter - https://twitter.com/MichaelAlbaum
The Remote Real Estate Investor Podcast - https://apple.co/3MAgH1J
Roofstock LinkedIn - https://www.linkedin.com/company/roofstock/ (12.1k followers)
Thank you all for listening and I will see you in the next episode.
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