Michael Albaum

Professional remote real estate investor | Airbnb Superhost | Building an education platform to help 1,000 people purchase their first investment property

[Michael Albaum @MichaelAlbaum]

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?

[Michael Albaum @MichaelAlbaum]

@DannySimsMusic They’re trying to charge me a prepay 🤦‍♂️

[Michael Albaum @MichaelAlbaum]

I just gave up a 3.25% loan on a piece of property and am 1031'ing into a property with a new loan of 6.25%

Did I make a mistake?

[Michael Albaum @MichaelAlbaum]

@MVP_Media I thought about doing that, but TBH, this property has been a bit of a headache for a while now so I was glad to say bye bye

[Michael Albaum @MichaelAlbaum]

@DannySimsMusic I did! Expense load is like 1.5x what I currently had but the gross income is 2x so figured it was time to make a move

[Michael Albaum @MichaelAlbaum]

@ThinkAppraiser Even if it was a commercial mortgage with a balloon payment in a few years and the balance was $80k?

[Michael Albaum @MichaelAlbaum]

Has anyone invested in Anchorage, AK real estate and would be open to sharing their experience?

[Michael Albaum @MichaelAlbaum]

Did real estate investing just get easier this week?

[Michael Albaum @MichaelAlbaum]

What’s the best rate on a primary residence cash out people have seen right now?

[Michael Albaum @MichaelAlbaum]

Just got quoted an 80% LTV cash out refi on our primary at 5.375% on a 5/6 ARM with $2500 in closing costs…does that seem good right now and if not, anyone got recs for who can beat it?

[Michael Albaum @MichaelAlbaum]

The Fed has cut rates twice and hopefully a 3rd time today, and the 10 yr continues to climb higher

Make that make sense

[Michael Albaum @MichaelAlbaum]

Do you use a specific credit card for specific purchases based on the points it offers?

[Michael Albaum @MichaelAlbaum]

We are absolutely headed into a national housing crash

Agree or disagree?

[Michael Albaum @MichaelAlbaum]

If you're looking to buy the S&P500 ETF, does it matter which one you get?

FXAIX
VOO
SWPPX

[Michael Albaum @MichaelAlbaum]

Is commercial real estate as we previously knew it dead?

[Michael Albaum @MichaelAlbaum]

Now is one of the best times ever to purchase real estate

Agree or disagree?

[Michael Albaum @MichaelAlbaum]

What rate will cause you to refinance?

[Michael Albaum @MichaelAlbaum]

@johnkoko707 Not in my experience...the estoppel only confirmed the rent and deposit amounts

[Michael Albaum @MichaelAlbaum]

Just closed on a property and a tenant brought a bunch of repair issues to my attention that they said the old owner about

I’m kicking myself for not interviewing every single tenant as part of DD and asking if there are any unresolved maintenance requests 🤦‍♂️

Do you do this?

[Michael Albaum @MichaelAlbaum]

@Financi86885957 It’s entirely possible as the data is always lagging by a bit, so tough to get anything more up to date, but I’m not sure overall sentiment has changed much since the article, but can only say anecdotally for that

[Michael Albaum @MichaelAlbaum]

Cancelled real estate transactions just hit an all time high

What does that mean to you?

[Michael Albaum @MichaelAlbaum]

@NorthrupKip Redfin