Estimated reading time: 0 minutes, 21 seconds

32-Year-Old Grosses $431k from Real Estate Investing While Living in Van

Friday, May 27 2022
Commercial Lending
Written by  The Mortgage Leader

A 32-year-old in California brought in gross rental income last year of $431,000 from the 61 rental units that he owns. So reports CNBC.

dollar 3706548 640 smallMichael Albaum, who has been investing for 19 years and wrote the article, spends part of the year traveling the United States with his wife in a converted van.

“My investing strategy is the ‘BRRRR’ method: Buy, rehab, rent, refinance, repeat,” Albaum writes.

Read the full article from CNBC.

Read 881 times
Rate this item
(0 votes)
More in this category: « Commercial Real Estate Investment Hits First-Quarter Record Single-Family Rentals See Start of Shrinking Profit Margins »

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline