Personal Development

Interview with California Investor & Landlord: Michael Zuber

Expertise: Real Estate Marketing, Personal Development, Real Estate News & Commentary, Mortgages & Creative Financing, Real Estate Investing Basics, Landlording & Rental Properties, Flipping Houses, Personal Finance, Business Management
301 Articles Written

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In this interview with Michael Zuber, a buy and hold investor who is based in San Francisco, but focused in the Fresno and Madera areas of California, we gain some great insight into the mindset of an experienced landlord. Michael shares his 10 years of experience and covers topics including the importance of having a strong, supportive partnership with your spouse/partner, why you should buy green houses, 1031 exchanges, and much more.

You can also find out more about Michael at his website, Wealthbuildingpro.

Edit: I was informed by Jeff Brown of some info that both Michael and I missed in our discussion about 1031 exchange. He was kind enough to provide the following info for us to share:

Delayed exchange rules in part:

Once you close escrow on property you’re relinquishing, the following rules apply as it relates to time periods. All time clocks begin at closing of the relinquished property escrow. (The relinquished property is the one you’re tradin’ out of.)

1 – Must ‘identify’ property(s) to be acquired, often called ‘uplegs’, within 45 days. Your intermediary will have the proper forms, etc.
2 – Must close property within 180 days. IRS counts holidays, weekends as days.

WARNING: If you close your ‘relinquished’ property such that April 15th, tax filing day, comes before your 180 days are up — you MUST close on 4/15 or sooner. There’s an out though, so don’t have the heart attack I almost did almost 20 years ago when I personally ran into this. It’s solved by simply filing a timely extension. Once you’ve filed your on time extension, you may go ahead and close after 4/15, but on or before the original 180th day as originally planned.

Got any thoughts or questions? Please leave them below.

Joshua Dorkin is a serial entrepreneur, investor, podcaster, publisher, educator, and co-author of How to Invest in Real Estate. He started BiggerPockets to help democratize the real estate investing landscape for himself and others, aiming to make it accessible for everyone, regardless of income or education. Today, BiggerPockets is the premier real estate investing website online with over one million members and reaching over 70 million people with the message of financial freedom through real estate investing. Joshua, along with his wife and three daughters, make their home in Denver, Colorado, and spend any time they can traveling, exploring, and adventuring. Read more about Joshua’s story in 5280 and Inc.com.

    Jeff Brown
    Replied over 8 years ago
    Superb interview, Josh, and seriously solid info and advice from Michael Zuber.
    Joshua Dorkin
    Replied over 8 years ago
    Thanks Jeff! I think there’s a ton of great value in there. Reply Report comment
    Joshua Dorkin
    Replied over 8 years ago
    Thanks Jeff! I think there’s a ton of great value in there.
    jack
    Replied over 8 years ago
    Hey nice vid 😉
    reggie lal
    Replied over 8 years ago
    Great biz model ! And the best part – he stayed in CA, not the “rust belt” !!! Best; Reggie Lal Reply Report comment
    reggie lal
    Replied over 8 years ago
    Great biz model ! And the best part – he stayed in CA, not the “rust belt” !!! Best; Reggie Lal
    Sharad M.
    Replied over 8 years ago
    Great interview! Congrats Michael on his success!
    Sharad M.
    Replied over 8 years ago
    Great interview! Congrats Michael on his success!
    Joshua Dorkin
    Replied over 8 years ago
    Thanks Sharad. I’m glad you took the time to watch and leave your thoughts.
    Rob
    Replied over 8 years ago
    Nice work man! You seem very focused! Keep it up!
    Jon Klaus
    Replied over 8 years ago
    Funny, just lately I was talking to a friend and describing SFRs as little green houses and multis as red hotels. We get to play a fun board game for decades! Thanks for sharing, Michael. Josh, I love these video interviews.
    Joshua Dorkin
    Replied over 8 years ago
    Hey Jon – Glad to hear it. When are we going to schedule an interview with you? Get in touch!
    Joshua Dorkin
    Replied over 8 years ago
    Hey Jon – Glad to hear it. When are we going to schedule an interview with you? Get in touch!
    Joshua Dorkin
    Replied over 8 years ago
    Hey Jon – Glad to hear it. When are we going to schedule an interview with you? Get in touch!
    Arthur Garcia
    Replied over 8 years ago
    Great Interview. Glad to see one by a seasoned Buy and Hold guy. Flipping is definately sexier, but I still think buy and hold is the best path to wealth.
    Loretta
    Replied over 8 years ago
    Michael and Joshua, thanks for the video, great information I will referrence often.
    Joshua Dorkin
    Replied over 8 years ago
    I’m glad you enjoyed it, Loretta! Be sure to keep up with the other interviews we’re sharing as well!
    Mary
    Replied over 8 years ago
    Good interview, and Thanks for telling the newbies it’s not just work, but an obsession! My 20th year in multifamily. Here’s my tip for fast removal of suspicious or potentially “wanted” occupants or tenants: Don’t inquire or play your hand too quickly, call them in a couple days and reveal as an FYI that you just received an inquiry from Detective or Agent So & So, (some law enforcement officer, a detective, sheriff, FBI, Secret Service, ATF, DEA- whatever seems appropriate), about the occupants of their apartment. My “questionable” occupants vacated their apartments almost immediately, in one case, had a U-Haul and most of the contents out in less than an hour, leaving behind 2 teenagers, who weren’t home at the time I delivered the news by phone! They asked my resident manager to tell them to go to “Sal’s”. The other tenant left overnight. That was the end of it! Both times no damage, no revenge or attitude, just gratitude in one case, and they had only been there 3 weeks. Technically, it takes two weeks until abandonment here, yet in the situation above, I had no problem changing the locks immediately and advertising the vacancy the next day! Never heard from either again.
    JonK
    Replied over 8 years ago
    Ha! Nice tactic, Mary. I had a similar situation when the son and friends of a vacated tenant were squatting. I showed up with the locksmith and announced that “I know you have warrants and I’m dialing 911 if you’re not out in an hour.” It took a bit longer than that, but they skidaddled.
    BryanA
    Replied over 8 years ago
    great interview guys..some good nuggets in there..i, too, am a fan monopoly 🙂
    Joshua Dorkin
    Replied over 8 years ago
    Thanks, Bryan!
    Tod R
    Replied over 7 years ago
    Thanks for the interview. I appreciate your perspective on having your spouse buying in to your investment strategy. Good advice!
    James
    Replied over 7 years ago
    Great interview. wow 120 units = 200*120=$$24,000-36,000 cash flow approximately per month!
    Lorcan
    Replied over 6 years ago
    Great interview and thanks for all your efforts to help us newbies! Michael’s Aqusition Reports are really interesting to read through too – very educational in a post mortum kind of way – thank you Michael too
    Michael Zuber
    Replied 11 months ago
    We should do another interview Josh as it has been 7 years and a Buy and Hold guy retired in 15 years!!! Z