Michael Albaum
@MichaelAlbaum
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Professional remote real estate investor | Airbnb Superhost | Building an education platform to help 1,000 people purchase their first investment property
California, USA
Joined May 2020
Buying a rental that provides you with $200/mo cash flow is equivalent to having $60k invested in the stock market paying a 4% dividend . Oh, and the rental gets you tax benefits. Remind me what the stocks give you?.
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Would it be good or bad for the economy if rates got lowered right now?.
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Easiest way to generate $1M in tax free income:. - Buy a primary residence that needs fixing up.- Slowly rehab the property over 2 years.- Sell the property and get $500k (as a married person) in tax free capital gain.- Repeat. That's $1M tax free in 4 years. Agree or disagree?.
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In order to live where we wanted to, we house hacked. Bought a duplex, lived in 1/2 and rented 1/2. The rental income didn't cover our entire mortgage, we still had to pay monthly to live there. People said it was a failed house hack. We moved out and now it cash flows. in CA.
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You call and leave a message for a property manager as a prospective new investor client. How long should you expect to have to wait to hear back?.
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What's the minimum cash on cash you're willing to accept on a deal today?. Mine is 8%.
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When would it make sense to NOT do a cost segregation study on an investment property?.
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How will we know when we've hit the bottom of price reductions?.
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If you weren't required to get property insurance, is there ever an instance where you wouldn't?.
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How much do you set aside for turn reserves per unit on your pro forma?.
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Do you require all your tenants to carry renters insurance?.
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What are you doing today to get you closer to your next deal?.
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Just closed on a quad with under market rents. In place rents: $4900/mo.Projected renovations: $50k.Projected rents: $6,750/mo. ROI on renovation dollars: 44%. Seems like a no-brainer right?.
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How do I get back to valuable things showing up in my feed?.
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You go out to eat with friends and only order a side salad and water. Everyone else orders an appetizer, an entree and 2 drinks. When the bill comes and everyone says "let's split it". if you say something does it make you:. 1. Smart/money savvy.2. Cheap.3. Something else.
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If everyone is talking about it, does that make it a bad investment?.
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Just got solar installed. Have never been so happy to not have to give money to PG&E.
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What's the best way to showcase to know nothing about real estate investing? . Wrong answers only. .
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Got an insurance quote for a 4-plex I'm in escrow for. $3,500 annual premium for a $2k deductible. OR. $3,200 annual premium for a $2.5k deductible. Which one would you choose?.
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