Why Diversifying Too Early Could Kill Your Portfolio

Michael Albaum, a real estate investor, discusses his career progression. He initially focused on acquiring properties in multiple markets, driven by numerical analysis.

Later, he refined his strategy, concentrating on fewer markets for greater efficiency and team management. Albaum also recounts a challenging experience with a large-scale development project and a significant fire. And more.. Chapters: 00:00 Introduction 01:01 Michael’s RE Journey 04:35 Out-of-State Investing 06:14 Multiple Markets 08:04 Focus on Real Estate 15:16 Full-Time Investor 16:54 The Sideways Project 20:14 The Insurance Battle 20:44 20-Minute Investor 21:15 Resilience and Risk 23:40 Podcasting and Coaching Impact 27:01 myFi academy 30:43 Insurance Industry Challenges 35:12 Parenthood 37:11 Contact Information 🔗 Resources & Links: • Learn more about Michael’s company: https://www.myfiacademy.com • Connect with Michael - X: https://x.com/MichaelAlbaum - Ig: https://www.instagram.com/myfimike?igsh=cWxkNDFobmJhbGN6