June 8, 2023

SERIES HIGHLIGHT: How to Successfully Navigate The Long Distance Investing Landscape - Michael Albaum

In this special SERIES HIGHLIGHT episode with today’s guest, Michael Albaum, you’ll learn why Michael made the contrarian decision to invest beyond his own backyard and out of State in Real Estate, rather than sticking with his local market locations, and how you can know if it’s the right thing for you to do too. Michael’s explains how real asset investing is perfectly aligned with the way he likes to live his life.
Billy Keels
CEO and Founder FGCP

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Going Long Podcast SERIES HIGHLIGHT Episode 323: How to Successfully Navigate The Long Distance Investing Landscape

To see the Video Version of today’s conversation just CLICK HERE.

In this special SERIES HIGHLIGHT episode with today’s guest, Michael Albaum, you’ll learn the following:

 

  • [00:37 - 04:09] Show introduction with comments from Billy.
  • [04:09 - 07:08] Guest introduction and first questions.
  • [07:08 - 14:20] The backstory and decisions made that led Michael to this point in his journey.
  • 14:20 - 20:31] Why Michael made the contrarian decision to invest beyond his own backyard and out of State in Real Estate rather than sticking with his local market locations, and how you can know if it’s the right thing for you to do too..
  • [20:31 - 23:29] How Michael’s real asset investing is aligned with the way he likes to live his life.
  • [23:29 - 28:59] What Michael means when he says “If it’s not easy to do now, it’s not worth doing”.
  • [28:59 - 36:02] Some of the tactical elements of investing that Michael helps his students with.
  • [36:02 - 49:05] How people are using technology to facilitate their long distance investments, and what some of the risks can be in not being local to where you investment properties are.

Here’s what Michael shared with us during today’s conversation: 

 

  • Where in the world Michael is based currently: San Francisco Bay, California.
  • The most positive thing to happen in the past 24 hours: Michael found out that he may be able to buy his neighbor’s property which has just come up on the market.
  • Favourite European city: Sagres, Portugal.
  • A mistake that Michael would like you to learn from so that you don’t have to pay full price: Get out there and make some mistakes, learn from those mistakes and alo learn from the mistakes and success of other people.
  • Book Recommendation: Rich Dad Poor Dad, by Robert Kiyosaki.

Be sure to reach out and connect with Michael Albaum by using the info below:  

 

To see the Video Version of today’s conversation just CLICK HERE.

 

How to leave a review for The Going Long Podcast: https://youtu.be/qfRqLVcf8UI 

 

Start taking action TODAY so that you can gain more Education and Control over your financial life.

  

Be sure to connect with Billy!  He’s made it easy for you to do…Just go to any of these sites:

 

Episode Transcript

Billy Keels
Founder & CEO of FGCP
Billy is on a mission to share a roadmap and opportunities with other extremely busy, high-paid professionals on how to find financial freedom through investments. Listen in to learn how!
Guest speaker
Michael Albaum
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 prior to 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 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. We welcome a show trade if you invest remotely and you’re at all interested in being on his show.

Interested in learning more about how investing can lead to more financial freedom?

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