#260 - Remote Real Estate Investing for Financial Independence - Michael Albaum

Joining us in this episode of Living Off Rentals is someone who has spent the last decade mastering remote real estate investing across a range of property types.

Michael Albaum is a seasoned real estate investor who began his journey in 2012 and has since built a portfolio spanning various asset classes. As the creator of MyFI (Financial Independence) Academy, he now helps others achieve financial independence through real estate investing.

In this episode, Michael shares how his early mindset shifts led him to multifamily investing, why he decided to focus on just a few markets, and how he managed to invest remotely—even while traveling internationally and living on the road. He also dives into his definition of financial independence, the sacrifices he made along the way, and his advice for anyone looking to get started in real estate. Enjoy the show!

Key Takeaways:

[00:00] Introducing Michael Albaum and his background

[06:02] Michael's mindset shifts in real estate

[08:45] The hardships of real estate

[17:34] His journey after that first deal!

[22:06] You can diversify within a particular market

[28:45] Being a professional remote real estate investor

[30:54] Michael's definition of financial independence

[38:20] His best deal!

[42:09] Connect with Michael Albaum

Guest Links:

Website: https://www.myfiacademy.com/

Show Links:

Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals

Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast

Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals

Living Off Rentals Website – https://www.livingoffrentals.com/

Living Off Rentals Instagram – instagram.com/livingoffrentals

Living Off Rentals TikTok – tiktok.com/@livingoffrentals