Welcome to The Remote Investor, an ongoing conversation on the topic of building wealth through real estate. Hosts Michael, Tom and Pierre discuss the messy world of owning rental properties in remote locations. Whether you’re a seasoned investor or just trying to break through the barriers to entry, this podcast is your go-to resource for invaluable knowledge gained through hands on experience.
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How 18-25 year-olds can prepare to invest in real estate
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Pierre Carrillo and Michael Albaum share insights on how young people can prepare for real estate investing despite financial challenges. Michael recounts how he maximized his savings by prioritizing jobs that offered valuable perks, such as car and phone coverage, and by sharing living expenses with roommates. He highlights the value of high-yield…
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How will lower rates affect home prices?
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Join Michael Albaum and Pierre Carrillo as they explore how the recent half-percent federal funds rate cut is shaking up the real estate market. Michael shares his personal experience with a loan modification, saving $500 a month on his mortgage, while the two debate whether lower rates will drive home prices up. They break down the effects of supp…
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How to Maximize Real Estate Returns: Cash or Leverage?
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Michael Albaum and Pierre Carrillo explore the differences between paying all cash for a property and using a mortgage. Mike demonstrates how each variable in the consideration effects the return. Through an example of a property that is listed at $250,000, they discuss how a minimal rent increases, or a small difference in interest rates can drast…
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5 Things I wish I knew before investing
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In this episode, Michael Albaum and Tom Schneider share key real estate investing insights. They emphasize acting quickly, learning from mistakes, and having financial reserves for unforeseen expenses. The duo highlights the long-term value of property appreciation, tax benefits like depreciation, and balancing cash flow with growth. They also disc…
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Master Your Credit: A lender’s guide to boosting your score for loan approval
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Resources mentioned: https://www.idiq.com/ https://www.youtube.com/@TheRateUpdatewithDanFrio https://www.myfiacademy.com/ In this episode, Michael Albaum and Dan Frio dive into practical strategies for maintaining and improving credit scores. Dan explains that while a 100-point increase in 30 days is unrealistic, incremental improvements are possib…
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The Minimum Cash Needed to Start Investing in Real Estate
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In this episode, we break down the true costs of getting started with remote real estate investing. We explore essential expenses like the 20% down payment, closing costs, and the often-overlooked costs such as property taxes, insurance, and management fees. We also discuss why having a reserve fund of $5,000-$10,000 is crucial for unexpected repai…
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Dan Frio has been in the mortgage business since 1990 and hosts a radio show that can be heard on WYLL 1160 AM Chicago Christians Talk Radio, "The Mortgage Update" Weekdays from 7:30-8PM. In today’s episode Dan shares his view on the current state of interest rates and their impact on housing market conditions. Dan first explains the Federal Reserv…
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Do not sell your home when you move out!
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Michael and Pierre discuss various considerations for converting primary residences into rental properties, including tax advantages, challenges, and entity structure. They also explore insurance coverage, utility management, and financing options. Michael emphasizes the benefits of self-management and cash out refinancing and provides valuable ins…
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Geoff Stuhr on the quest to create passive income
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In this episode, we host private equity fund manager, real estate investor, and podcast host Geoff Stuhr. We discuss his experiences and insights on real estate syndication, highlighting the lessons learned and challenges faced in this field. Geoff emphasizes the importance of transparency, mentorship, and team building to scale a successful busine…
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Turnkey Rentals: Outstanding opportunity or dangerous investment?
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In this episode, Tom and Michael discuss the pros and cons of investing in turnkey rental properties. They highlight the convenience of having a tenant already in place and the potential for a more “passive” income, but also acknowledge the lack of control over setting up the property, and the potential hidden fees. They also discuss red flags and …
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Refinance or HELOC? Make the right choice for your investment.
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Tom and Michael discuss using cash-out refinancing and HELOCs for investing in real estate. They explore the pros and cons of each option, considering loan-to-value ratios and timing for optimal financial outcomes. They also delve into the HELOC process, payments, and payment structure, highlighting the importance of understanding the mechanics of …
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Maximizing Tax Benefits: Primary vs Investment Property Comparison
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In this episode, we explore the tax benefits of primary residences versus investment properties. We highlight the mortgage interest deduction cap for primary residences and the lack of such a cap for investment properties. We also discuss house hacking, where individuals buy properties with extra units and rent them out to reduce living expenses. A…
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DEBATE: Primary Residence vs Investment Property
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In this episode, Tom and Michael hash it out over the topic: Should you buy a primary residence before purchasing an investment property, or should you invest in real estate first before settling into your own home? Through this debate we explore unique advantages and challenges of each approach, bringing in insights from our experiences as real es…
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How to effectively to turn a remote rental property
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A turn is the most active period for a real estate investor, apart from the acquisition itself. This is a critical time to rehab the property and make modifications that could increase the rent you can charge. But doing this on a property that is on the other side of the country adds a whole new layer complexity. Between the two, Tom and Michael ha…
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Mike's short-term rental performance update
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Tom and Mike discuss the evolving short-term rental industry, including regulatory updates, tax implications, and property management strategies. They share their experiences and insights on adapting to these changes and maintaining a successful short-term rental business, with a focus on personalized property management and understanding the local…
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3 Practical tips for investing in real estate remotely
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Investing in real estate remotely can be intimidating, to say the least. From selecting which market to invest in, to building a team of reliable and communicative vendors, each step of the process is critical to building a healthy portfolio of homes. In this video, Michael gives you three tips that can help you get it right from the start! Brought…
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Proven Tactics: How to hire the best property managers
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Hiring the best property manager for your out-of-state rental is critical to your bottom line, but how do you know which PM is best? In this episode, we go through, step-by-step, our process for vetting a selection of property managers in a remote market. Brought to you by: https://www.myfiacademy.com/ --- Transcript So they said, Hey, I need your …
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I bought a fix-and-flip and can't sell it. Help!
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In this episode, we analyze a case study of a fix-and-flip that wont sell after rehab. We discuss the various options available to the owner, identify strategy considerations, and extract a couple of lessons learned along the way. --- Transcript What's going on everyone? Welcome to another episode of the remote investor. I'm Michael Albaum. And tod…
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Navigating high-interest, high-price markets: 3 Winning investment strategies
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In this episode, we discuss 3 different real investment strategies that you can employ in a high-interest rate, high price real estate market. Transcript: Hey, what's going on everyone, welcome to the remote investor show. I'm Michael Albaum. And today I'm joined by my co host, Tom Schneider, Pierre Carrillo. And for this first episode, we're gonna…
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