199 episodes

Join industry professionals and personal investors from the Roofstock team as they discuss all things remote real estate investment. From time management, deal analysis, property management, financial considerations and scaling your portfolio, to interviews with other industry experts, this is the place to be to master real estate investment.

The Remote Real Estate Investor Roofstock

    • Business
    • 4.8 • 150 Ratings

Join industry professionals and personal investors from the Roofstock team as they discuss all things remote real estate investment. From time management, deal analysis, property management, financial considerations and scaling your portfolio, to interviews with other industry experts, this is the place to be to master real estate investment.

    The most powerful way to convert your primary home into a rental

    The most powerful way to convert your primary home into a rental

    David Friedman has more than 15 years of experience starting and leading technology companies in the real estate industry. In 2018, he co-founded Knox Financial, which offers a smart and frictionless way to turn a home into an investment property, manage that investment property, and secure the appropriate financing for a new home. Prior to Knox, Dave founded Boston Logic, and served as the company’s CEO for more than a decade. At Boston Logic, he led the company in becoming a leading provider of real estate brokerage software. David sold Boston Logic in 2016 and continues to sit on the board.

    Today, David shares how his company facilitates the converting a primary residence into a cash-flowing rental property while allowing you to tap into your equity to purchase a new property.

    Episode Link:

    https://knoxfinancial.com/

    ---

    Transcript

    Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.

     

    Michael:

    What's going on everyone? Welcome to another episode of the Remote Real Estate Investor. I'm Michael Albaum, and today I'm joined by David Friedman, who is the co-founder and CEO of Knox Financial, and David's going to be talking to us today about anyone who's considering moving out of their primary and converting it into a rental, all the things you need to be aware of, and some of the revolutionary products that Knox financial is putting out to help assist with that process. So let's get into it.

     

    Really quickly, everyone, before we get in today's episode, I wanted to give a shout out to the Roofstock Academy, and encourage everyone to come check us out at roofstockacademy.com. It is a one stop shop for Investor education. Whether you're just getting started or you're scaling up a crazy big portfolio, we probably got something for you. The Academy consists of both automated lectures, access to private slack forums and dedicated one on one coaching sessions, depending on which program you opt to leverage, come check us out roofstockacademy.com. We look forward to seeing you in there.

     

    David, welcome to the show me and thanks so much for taking the time to come on and hang out with me, I appreciate it.

     

    David:

    It's a pleasure to be here, thanks.

     

    Michael:

    Oh, of course, so I know a little bit about your background. I know a little bit about your company. But for those of our listeners who are just joining us and maybe don't know the name, David Friedman, can you give them a little bit of background, who you are, where you come from, and what is it you're doing in real estate today?

     

    David:

    Sure, so my name is David Friedman. I'm originally from New York, where I live in the Boston area, I am the father of three kids, the husband of one woman.

     

    Michael:

    Important to clarify…

     

    David:

    That’s the picture I got, buddy… wasn't worried wondering, I'm a skier. I'm a cyclist, I like to hike. I like it when I swim in a natural body of water as often as possible. Other than that, what am I doing today? So I'm a CEO, and one of the founders here at Knox financial, and we are trying to change how homeowners build wealth. When you move, you have the best investing opportunity of a lifetime, which is to keep that home as a long term investment and we've built Knox around making that investment opportunity possible for millions of families.

     

    Michael:

    David, that's awesome and it's funny because it's something we talk a lot about at the Roofstock Academy about how so many landlords became like accidental landlords. So tell us a little bit about a why you think it is so advantageous fo

    • 31 min
    How to find off-market properties in today’s market

    How to find off-market properties in today’s market

    Anson Young is a real estate agent and the owner of Anson Property Group, which is based in Denver, CO, and specializes in distressed property purchases. As a full-time real estate investor for the past ten years, he has completed more than 120 wholesale deals and 95 flips. Anson and his team specialize in marketing directly to sellers for off-market deals, using many of the methods that can be found in his book Finding & Funding Great Deals.

    A common talking point today is that supply is low, demand is high, and cash-flowing deals are hard to come by. Anson pushes back on this by focusing on finding off-market deals. These off-market properties, otherwise known as pocket listings, are a great source of leads for those that know how to find them. By using some old-fashioned elbow grease, Anson is able to find cash-flowing deals in competitive markets. Today, Anson shares his insights on how he finds off-market deals in today's market.

    Episode links:

    https://www.instagram.com/younganson/?hl=en

    https://www.biggerpockets.com/users/anson

    https://www.youtube.com/c/ansonyoung

    ---

    Transcripts

    Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.

     

    Michael:

    What's going on everyone? Welcome to another episode of the Remote Real Estate Investor. I'm Michael Albaum, and today I'm joined by Anson Young, who is an investor, agent, wholesaler out in the Denver, Colorado area and he's gonna be talking to us today about how do you find off market deals in today's market environment. So let's get into it.

     

    Hey, everyone, before jumping into the episode today, I would just like to encourage everyone to leave us a rating or review wherever it is you listen to your podcasts, they are super, super helpful for us in getting out there to a wider audience. So if you'd like the content we're producing, or even if you don't like the content we're producing, we'd love to hear from you. Let us know how we can improve and do better, so thanks so much and well let's get into the episode, Anson Young, what's going on, man, thanks so much for hanging out with me today, appreciate you.

     

    Anson:

    Yeah, thanks for having me. It is awesome.

     

    Michael:

    Now, I'm super excited. So I know a little bit about your background. But I would love if you could share with our listeners who might not be familiar with you, who you are, where you come from, and what is your doing in real estate.

     

    Anson:

    Yeah, so I come from Denver and we were just talking about how there's not many natives left. But I was born and raised here and what I do is for since 2006-2005, I've done investment, real estate fix and flips wholesale. Wholesale are just now getting into kind of burr buying holds looking more into short term market and I've been licensed since about 2007. So I've been licensed almost as long as I've been investing.

     

    Michael:

    So right on we actually like just before this episode, we're recording with another guy who is a broker, licensed broker agent as well, as an investor we were talking about, does it make sense for investors to go get their license and kind of vice versa and so that was a really interesting discussion. Has it helped you in your investing being a licensed agent?

     

    Anson:

    Yeah, I don't know honestly, how people do without it, because I can't stand waiting for waiting on other people. So if I had to wait for somebody to send me comps, or if I had to wait for somebody to submit an offer, I would probably go insane. So being able just to do that myself, is huge. So but besides that there's a lot of advantages for

    • 28 min
    Does having a real estate license help investors get an edge?

    Does having a real estate license help investors get an edge?

    Omni Casey, along with his wife and kids, owns and operates New Leaf Redevelopers, which is their family real estate investing company. Although they tackle many different types of investment projects, their primary focus has been to purchase vacant and barely habitable properties, fix them up to be the nicest property on the block, then rent them out at affordable rates. Omni has been a real estate investor, broker, and coach for nearly 20 years. His real estate career started in Hawaii where he grew up. Over the last 10+ years, he and his family have lived in Northern Virginia and have been very active in both growing their real estate investment portfolio and growing a top-performing real estate team and office in Loudoun County Virginia.

    With a passion for building wealth and helping others achieve financial freedom, Omni has coached hundreds of real estate investors, real estate agents, and clients alike to create and execute a plan to grow their real estate business, grow their investment portfolio, or both. Today, we talk about whether it is worth it as an investor to get your real estate license or not.

    Episode Link:

    https://www.omnitheinvestorguy.com/

    https://www.instagram.com/omnitheinvestorguy/?hl=en

    https://www.facebook.com/omnitheinvestorguy

    ---

    Transcript

    Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.

     

    Michael:

    Hey, everyone, before we get started, I want to encourage everyone to actually go share this podcast with one person, you know, we are trying to get the word out there to help all investors all across the country and throughout the world. So if you know someone that is looking to get in investing, please go share this podcast with them and encourage them to the same. It's also really helpful for us if you could leave us a rating or review wherever it is get your podcast. Thanks so much, happy investing.

     

    Hey, everyone, welcome to another episode of the Remote Real Estate Investor. I'm Michael Albaum and today with me I have a returning guest Omni Casey, agent, broker investor entrepreneur, he's gonna be talking to us today about is it worth it as an investor to get your real estate license and vice versa, so let's get into it.

     

    Hey, everyone just wanted to give a quick shout out and encourage everyone before we get started here to go check out the Roofstock Academy at roofstockacademy.com, it is an education program that we talk about all the time on the podcast, we've got different price offering tiers depending on what it is you're looking for. We've got one on one coaching, 50 hours of on demand lectures, Slack channels, private forums and a whole lot more, as well as money back on your marketplace fees if you're transacting in the marketplace. So come check us out rootstockacademy.com. I look forward to seeing you in there, I'm not a cash flow guy. Welcome back to the show, man, thanks for coming on hanging out with me today.

     

    Omni:

    Like that, thanks for inviting me back, Michael.

     

    Michael:

    No, of course. So last time, your book hadn't yet come out but you were just sharing with us that now it is available. So before we get to the episode, what is it and where can people find it?

     

    Omni:

    Excited, so cashflow Breakfast Club, sign up on the back there as well. So it's on Amazon, finally, you know, both eBook and print is available. Actually, we sold out the first week. So if you go on Amazon right now, it might be like a delayed a couple of weeks but you'll get it and we're working through some voice talent right now to do the audiobook. I'm not comfort

    • 35 min
    How to acquire rental properties remotely with Kori Covrigaru

    How to acquire rental properties remotely with Kori Covrigaru

    Kori Covrigaru is the Co-Founder and CEO of PlanOmatic. PlanOmatic provides quality photos, floor plans, and 3D to the single-family rental industry with speed and at scale, nationwide. With an unwavering determination for client success, he has created a team that thrives on the core value of together we win. With a national network of 200+ contractors and more than 40 employees, Kori has met the moment with the unique value proposition PlanOmatic offers through technology combined with data to support their clients’ goals.

    Today, Kori shares what he's doing as a remote investor in the single-family rental space with a fund that he started with some of his colleagues. 

    Episode Link:

    https://www.linkedin.com/in/koric/

    ---

    Transcript

    Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.

     

    Michael:

    Hey, everyone, welcome to another episode of the Remote Real Estate Investor. I'm Michael Albaum and today I'm joined by Kori Covrigaru with planOmatic and he's returning to the podcast not talking about planOmatic, but actually to talk about what he's doing as a remote investor in the single family rental space with his fund that he started with some buddies. So let's get into it.

     

    Kori, what's going on, man? Welcome back to the podcast, thanks for taking the time to hang out with me.

     

    Kori:

    Always, always excited, Michael.

     

    Michael:

    This is gonna be a lot of fun. So the last time we had you on we were talking about your company planOmatic and for anyone who missed the episode, give us the quick and dirty, what is it that you all do and how you're disrupting the industry?

     

    Kori:

    We helped at the beginning of this industry. So back in 2012, we started out with the SFR industry but we've been playing thematic creates professional photos for plans in 3D for the single family industry at speed and scale nationwide. So that's what we do plain and simple, we are the boots on the ground that go out, take professional photos, do 3D scans, export floor plans from that, and then deliver that media to our customers. We try to do it under two and a half days and we're pretty damn close to it. So that's what we've been doing, we help these REITs institutional investors in smaller companies scale from 5000 properties all the way up to hundreds of 1000s. That's our business, that's what we're here for.

     

    Michael:

    Amazing and today, you and I are here to talk about something a little bit different kind of related. Yeah, but really, it's about your journey in the SFR space as a remote investor.

     

    Kori:

    Yes, sir. So, you know, just being in this industry for so long. I'm surprised it took me so long to decide to get involved on a higher level. But yeah, I've been just watching, you know, myself and some people that I work with here and some family and friends outside of here have been watching this SFR industry grow to the level that it has and never really gotten involved on the investor side. I mean, I had rentals on my own. I've had a rental, you know, my first rental I bought with my business partners. I want to say it was 2006 I think it was October 2006 or 2005 and we bought a rental out in Grand Rapids, Michigan. Since then we exited that then I had a couple rentals here in Denver, but nothing remote and nothing to the level of what we're building right now with SFR Emo, that's the name of the partnership, the group that we've established with 13 partners, and we all threw in some cash and have been acquiring homes, single family homes, for, you know, residents to live in and Alabama, of all pla

    • 31 min
    How to purchase homes for the price of a car with Pam Hill

    How to purchase homes for the price of a car with Pam Hill

    Pam Hill is a Harvard and Dartmouth-educated entrepreneur and CEO of a multi-million dollar real estate company, a business and money expert, a former Fortune-500 executive, and the founder of My Smart Cousin.  Her main goal is to help people understand money, increase their accountability and build generational wealth.

    Today, Pam shares her story of how she became a professional real estate business owner, how she purchases homes for the price of a car and how you can start your real estate business.

    Episode Link:

    https://mysmartcousin.com/tag/pam-hill/

    ---

    Transcript

    Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.

     

    Michael:

    Hey, everyone, welcome to another episode of the Remote Real Estate Investor. I'm Michael Albaum and today I'm joined by a very special guest, Pam Hill, who's talking to us about my smart cousin, and how she purchases homes for the price of a car, or maybe sometimes even an expensive bike. So let's get into it.

     

    Hey, Pam, thank you so much for taking the time to come hang out with me today. I really appreciate you coming on.

     

    Pam:

    Thanks so much, Michael, really looking forward to engaging conversation.

     

    Michael:

    Oh, my gosh, me too. So, Pam, so excited to have you here. If you could give us a quick intro bio about who are you? Where do you come from and what is it you're doing in real estate today?

     

    Pam:

    Absolutely. So I'm Pam Hill with my smart cousin. The nifty name comes really from family coining that for me, because I am that smart cousin at family reunion to always follows up make sure that folks do what they say they're going to do on their finances on their real estate and that, of course, is now brought in to my clients as well. How I got into real estate was about 10 years ago. So during the Great Recession, my husband at the time we were dating, he was looking for his first home and he was looking in Wilmington, Delaware, and we were stupefied at just how cheap there's, there's not a better word inexpensive to the wrong word, cheap houses were in Wilmington, Delaware to the tune of 20,000-25,000. In perfectly rock solid working class neighborhoods. Once I saw it, I definitely could not unsee it and that's what led me down the real estate rabbit hole since then I've bought 21 houses totaling 25 houses totaling 31 units, and have loved every step of the journey.

     

    Michael:

    That is so cool and so Pam, were you living in Wilmington, Delaware or was this something that you were doing from afar?

     

    Pam:

    No, so I was living not too far from Wilmington, Delaware in a suburb and so I was used to six figures and not 100,000 as in six figures. But in fact, what the average price of real estate is in the United States, some 321,000, I think I've read is the average price of real estate across all 50 states. So I was used to seeing those kinds of numbers. I had already owned real estate before as a homeowner and I really couldn't believe that there was this whole other world and once I saw it, I became committed to helping others who are looking to start their real estate investment journey and feel like they just don't have enough coin to get there. Or those who are aspiring homeowners and thinking the same thing that it's got to be a generation, three decades, 30 years slog My goal is the number of fingers you've got on your hands, 10 fingers 10 years or less. That's when the house should be paid for and everything is cream after that.

     

    Michael:

    I love it, I love it. So was it just a function of where the economy was at that point in time that yo

    • 28 min
    Billy Keels on investing in real estate internationally

    Billy Keels on investing in real estate internationally

    Before becoming a real estate entrepreneur, KeePon Cashflow’s founder Billy Keels worked in the corporate world. In fact, he was one of the best “corporate soldiers” you’d ever want to meet. Billy says that he was happy enough in his J.O.B., but something was missing. An emptiness and longing for a different life chewed on him, pulling him to what he knew he wanted to do more than anything else. Billy wanted to be an entrepreneur who brought two worlds together. So he took steps and kept on the path to his goals. Today Billy is an international real estate entrepreneur, problem-solver, author, coach and mentor. He sees opportunities where others often don’t in real estate.

    No “overnight success,” Billy continues to work toward his vision and goals. Topmost on his list? Building a bridge between investors and buyers in Europe with sellers in the U.S. Today, he talks about his transition story, how he became a real estate business owner, and how long-distance real estate business works for him.  

    Episode Link:

    https://www.firstgencp.com/

    https://www.firstgencp.com/paylesstax

    https://www.linkedin.com/in/billykeels/?originalSubdomain=es

    ---

    Transcript

    Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.

     

    Michael:

    Hey, everyone, welcome to another episode of Remote Real Estate Investor. I'm Michael Albaum and today I'm joined by Billy Keels, who is an entrepreneur, Ninja remote investor who actually lives over in Europe, but invest here in the States among many other things. So let's hear from Billy the renaissance man about what it is he's doing in real estate today. Let's get into it.

     

    Billy Keels what's going on, man, so good to see you again. Thanks for taking the time to hang out with me.

     

    Billy:

    Michael, I am just like super excited about being able to spend more time with you have a conversation. Although I have to admit, man, there's like a lot of people going to be listening and watching us, so I'll be on my best behavior, don’t worry.

     

    Michael:

    I am, it makes two of us, alright good. Well, I obviously know who you are we we've become very fast friends over the short time we've known each other. But for anyone who might not be familiar with you, who are you, where do you come from and what is it you're doing in real estate today?

     

    Billy:

    Yeah, so who am I, would you mind if I ask just one thing really quickly before I answer that?

     

    Michael:

    Go for it!

     

    Billy:

    So as a fellow podcaster, I just wanted to ask one thing. So I know just got here. But if you haven't had a chance already to leave an honest written review, as well as a rating. The guys do an amazing show here, Michael, I know you put a lot of time and energy into this and it will be great because that way ultimately, they're going to be able to help get you even better guests that are going to help you move forward faster. So with that as a background, Billy Keels I'll give you this fastest version as I can. Originally born in Columbus, Ohio. From there, probably by the time I was 12, I lived in three different states brother and sister were born in Colorado. I come from a family with two parents who were both working two jobs most of the time very blue collar, I watched them struggle a lot with money, making tough decisions, sometimes at the end of the month, do we buy this or do we pay this bill or do we pay the other bill, they had a lot of focus on education because they didn't think that they had formal education. So ended up being in a lot of different school districts, usually in the reall

    • 34 min

Customer Reviews

4.8 out of 5
150 Ratings

150 Ratings

bKbcn ,

Remote Investing for Life!!!

Michael and the rootstock Team do a first class job of attracting the right guest on remote investing. He asks the questions that have the highest impact for the listener and help you to move forward. Michael has a unique style and blend of entertainment and education which is helpful for all. Must listen to podcast!!!

Mariann!! ,

GREAT SHOW!

I really enjoy your show, after listening to a few episodes I was totally hooked, it has great direction, it deals with very instructive and interesting topics. I really love this program!

ClaireS92 ,

Absolutely incredible!!!

This is far and away one of the best real estate investing podcasts I’ve found!

Whether you’re just starting out or a seasoned investor, the hosts and guests have something valuable to share

I’ve found that they often take buzz words and complex concepts and break them down into easy to understand and digest ways

Thanks for all you’re doing and keep up the great work!!!

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