Podcasts about house hacking strategy

Casey bought one rental in college—and everyone assumed he'd sell it. Instead, he kept it, cashed in, and used it to launch a portfolio of hundreds of deals. In this episode, he breaks down how he scaled without saving up, used creative finance to buy when rates soared, and what finally pushed him to leave a stable 9–5 for good. KEY TALKING POINTS:0:00 - An Overview Of Casey Gregersen's Business1:39 - When Casey Did His First Off-Market Deal3:49 - His Next Deals After That7:04 - The Mindset That Allowed Him To Rent Out His First Property9:20 - What Casey Would Say To People Who Think Interest Rates Are Too High13:12 - Is It Too Late To Invest In Real Estate?14:55 - Casey's Lowest Lows In Business17:25 - His High Points In Business21:06 - What He'd Be Doing If He Never Got Into Real Estate22:20 - What He's Looking Forward To Most In 202523:25 - The Data That Casey Needs The Most28:18 - The Last Topic He Spoke About At Collective Genius That Made Him Proud29:26 - The Mindset That Led To Casey's Success31:36 - Tax Cheat Codes & The Entrepreneur Mindset39:02 - Outro LINKS:Instagram: Casey Gregersenhttps://www.instagram.com/caseygregersen Website: Casey Gregersenhttps://caseygregersen.com/ Instagram: David Leckohttps://www.instagram.com/dlecko Website: DealMachinehttps://www.dealmachine.com/pod Instagram: Ryan Haywoodhttps://www.instagram.com/heritage_home_investments Website: Heritage Home Investmentshttps://www.heritagehomeinvestments.com/

What if you could reach financial independence in your 20s? This week on Invest2FI, we welcome Courtney Frazee, a young and determined real estate investor from Grand Rapids, Michigan. Courtney started her journey at 20 years old, turning a rental dilemma into a profitable house-hacking strategy. She shares how she scaled from her first house hack to a thriving rental portfolio, all while living behind a curtain to maximize her investments. In this episode, Courtney opens about her unconventional path, the financial risks she took, and the lessons she learned about property management, tenant screening, and leveraging resources. Her story is a testament to financial resilience, strategic investing, and making sacrifices for long-term rewards. Courtney's journey proves that financial independence is possible with determination, creativity, and the right strategy. Tune in to hear her firsthand experiences and gain insights into making real estate work for you! PODCAST HIGHLIGHTS:[02:19] Courtney's unexpected start in real estate after a friend backed out.  [05:07] Learning to house hack: renting out rooms while living behind a curtain.  [10:22] Buying her first home and financing it with a low down payment.  [12:48] How she handled tenant screening and lease agreements successfully.  [16:02] Managing unexpected roommate challenges and ensuring rental income stability.  [21:35] Transitioning to her second property and overcoming financing obstacles.  [25:20] Key lessons learned from handling maintenance and property management.  [28:45] Scaling her real estate portfolio and shifting her mindset for success.  [30:58] The impact of rising interest rates and how it affected her strategy.  [32:15] Moving from pure profitability to comfort while still house hacking.  [33:52] Parting words of wisdom for the listeners.  [34:31] Final hour discussion on lessons learned and next steps.   [37:25] The importance of risk-taking and getting comfortable with the unknown.  [39:08] Advice for new investors: Start now, stay consistent, and keep learning. HOST Craig Curelop   

One of the best ways to “live for free” is a strategy almost every successful real estate investor uses at some point in their journey: house hacking. You've probably heard of it before—house hacking allows you to significantly reduce (or eliminate) your mortgage/rent payment, so your housing cost hits rock bottom or even zero. This helps you save more money every month, invest faster, and reach financial freedom after a short (but worthwhile) period of sacrifice.  Which US markets are best for house hacking, getting a great job, and paying next to nothing for housing? We're presenting four of the best house hacking markets in the country, some of which you'll probably be tempted to move to. These markets all have lower home prices but respectable wages, things to do, and great rents for you to collect.  Who better to judge these markets than the man who wrote The House Hacking Strategy, Craig Curelop? Data scientist Austin Wolff is pitching these four real estate markets to Craig and Dave as the house hacking duo votes on whether they'd move to that market to house hack or stay put where they are.  In This Episode We Cover: How to reduce (or eliminate) your monthly mortgage/rent payment with house hacking The different levels of house hacking (comfort vs. profitability)  What makes a market worthwhile to house hack in (it ISN'T just about the money) A mountain biking capital with booming job growth and low home prices  A “smart-grid” affordable city close to two major markets  Great jobs, an excellent airport, solid schools, and strong growth from this underrated southern market  Buying a house for under $300K in this city with a sports atmosphere  And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Ask Your Question on the BiggerPockets Forums BiggerPockets YouTube Join the Future of Real Estate Investing with Fundrise Grab Craig's Book “The House Hacking Strategy” Find an Investor-Friendly Agent in Your Area The 10 Best Markets for Your First House Hack Connect with Austin Connect with Craig Connect with Dave (00:00) Intro (01:57) What is House Hacking? (05:11) Should You Move to House Hack? (07:51) 1. Fayetteville, Arkansas (11:59) 2. Chattanooga, Tennessee (15:39) 3. Charlotte, North Carolina (20:08) 4. Indianapolis, Indiana (24:56) How to Start House Hacking Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1077 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

⭐ Join Rental Property Mastery, my community of rental investors on their way to financial freedom: http://coachcarson.com/rpm  

Setup your strategy call with my team in order to see how we can best help you achieve your goals through the War Room Mastermind: https://www.frommilitarytomillionaire.com/mastermind-application Get an introduction to one of our recommended real estate agents and/or lenders: https://www.frommilitarytomillionaire.com/va-realtor The Complete VA House Hacking Strategy - You Don't Need Anything Else! This is a replay of the webinar I've given a few times to help service members and vets begin their journey towards financial freedom. I am confident that this video has everything you need to begin your journey toward achieving financial freedom! #militarymillionaire #valoan #househacking Snag a FREE copy of my book, and get connected to the Military Millionaire community on all of your favorite platforms: https://www.frommilitarytomillionaire.com/free-book - Recommended books and tools: https://www.frommilitarytomillionaire.com/kit/ - SUBSCRIBE: https://bit.ly/2Q3EvfE - Website: https://www.frommilitarytomillionaire.com/start-here/ Instagram: https://www.instagram.com/frommilitarytomillionaire/ Facebook: https://www.facebook.com/groups/militarymillionaire/ - My name is David Pere, I am an active duty Marine, and have realized that service members and the working class use the phrase "I don't get paid enough" entirely too often. The reality is that most often our financial situation is self-inflicted. After having success with real estate investing, I started From Military to Millionaire to teach personal finance and real estate investing to service members and the working class. As a result, I have helped many of my readers increase their savings gap, and increase their chances of achieving financial freedom!

Join Nick Lamagna on The A Game Podcast with his guest Craig Curelop the man who literally wrote the book on House Hacking! He is a real estate agent, investor, author, podcast host and a staple in the Biggerpockets community and left his position there to chase his own financial freedom full time and went from sleeping behind a sheet in a shared apartment to making over a million dollars in one single year!   Craig runs the Fi Brokerage and heads the Fi Team helping average people break into real estate Investing through various forms of the real estate strategy known as house-hacking.  He and his team have established profitable deals and relationships in many markets across the country including Colorado, California, Idaho and Washington. Being inspired to model his business and lifestyle after being inspired by the famous Tim Ferris book The 4-Hour Work Week he has navigated the rocky waters of scaling and delegation and now has over 17 agents helping his team close over 125 deals and counting per year.  Check out Craig's content and resources including his book The House Hacking Strategy and of course his podcast Invest2Fi Topics for this episode include: ✅  ✅  ✅  ✅  ✅  + More! See the show notes to connect with all things Craig!  Connect with Craig: Craig Curelop on Facebook Craig Curelop on Tiktok Craig Curelop on LinkedIn Craig Curelop on Twitter Craig Curelop on Instagram Listen to the Invest2fi Podcast Here Get The House Hacking Strategy Book Here   Connect with The Fi Team: www.thefiteam.com The Fi Team on linkedin The Fi Team on Youtube The Fi Team on Facebook --- Connect with Nick Lamagna www.nicknicknick.com Text Nick (516)540-5733 Connect on ALL Social Media and Podcast Platforms Here FREE Checklist on how to bring more value to your buyers

We're a little late with this episode but we promise it's worth the wait! Craig Curelop, author of the Bigger Pockets book The House Hacking Strategy, joins the show! We talk through our opinions on house hacking, how not every realtor is "investor friendly", and the magic of accelerated debt paydown strategies.Brought to you by: upright.usProduction team: connversa.comMusic by: Jeremy Blake 

Join us for a riveting discussion with none other than the FI Guy himself, Craig Curelop.  Craig started his real estate investing working for Bigger Pockets which eventually lead to his identity as "The FI Guy". Craig is known for his house hacking strategies and his book The House Hacking Strategy. Now Craig runs a team of investor friendly agents in multiple states as well as speak at events such as BPCON. Craigs tells his famous story about how he started by living behind a curtain in a house while renting out the other rooms. Uranium Spotlight: Nuclear's Resurgence in a Clean Energy WorldThe latest uranium market news and events and its critical role in the energy landscapeListen on: Apple Podcasts Spotify X-Health.show - meet the future of healthcareKill your pain once& for all, program human cells to cure cancer, mitigate dementia & moreListen on: Apple Podcasts Spotify

Don't forget to subscribe, leave a rating and a 5-star review. If you leave a 5-star rating and review, send me an email info@blackrealestatedialogue.com and I'll send you a free training on finding and analyzing properties.This interview with Ansel Troy was inspirational! Ansel purchased his East Oakland single family home in 2013 using an FHA 203K Loan.  Ansel eventually decided to purchase a tiny home using a HELOC (Home Equity Line of Credit) to generate extra income and purchased his second tiny home using a personal loan in 2021. The tiny homes were eventually able to generate enough monthly income for Ansel to leave his 9-5 job. In this episode we discuss gentrification, how he's been able to scale his tiny home business, Tiny Homes vs.  ADUs (Accessory Dwelling Units) and more. Download my free guide, 8 Steps to Buying Your First Out of State PropertyApply for my out of state investing coaching program here Read my Black Enterprise Article hereShop our merch- https://blackrealestatedialogue.com/collections/allAccess all of our resources on our website- https://www.blackrealestatedialogue.com/links

Ready to unlock the secrets of real estate investing and house hacking? In this episode of Zen and the Art of Real Estate Investing, Jonathan sits down with trailblazer Craig Curelop, the founder of The FI Team and author of the acclaimed House Hacking Strategy book for Bigger Pockets. Craig shares his journey from his very first investment property, a duplex near the Bigger Pockets office, to becoming a respected figure in the industry. His advice? Break some comfort zones! Together, Jonathan and Craig navigate the ever-evolving world of house hacking, from its humble origins to the booming trend that it is today. Hear firsthand how pioneers like Brandon and Scott shaped the industry and how platforms like Airbnb have revolutionized house hacking. Craig emphasizes the need to stay abreast of industry trends and the value of having a diverse investment portfolio.  In the heart of their conversation, Jonathan and Craig get practical. Craig shares his expertise on building a competent real estate team and the fluctuating dynamics of house flipping. They also outline the pros and cons of different investment strategies and assess their relevance in current market conditions. Whether you're an experienced investor or just starting, get ready to venture into the exciting world of real estate investing and house hacking! In this episode, you will hear: How Craig discovered real estate investing and the significance of stepping out of your comfort zone, using his first investment property as an example The evolution of house hacking and Craig's  balanced perspective on the potential benefits and pitfalls of adopting such trends Why it's important to understand market trends and the potential risks and benefits of being an early adopter of a new investment strategy The pros and cons of residential versus commercial investing and renting-by-the-room as an alternative strategy in areas where housing is becoming more expensive Different kinds of house hacking strategies and why you must understand the market you're investing in as well as the potential value of auxiliary dwelling units (mother-in-law suites) Craig's experience with house hacking and how it highlights the importance of having the right team for real estate investing and the difference between residential versus investor appraisals Follow and Review: We'd love for you to follow us if you haven't yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We'd love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast. If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at http://www.trustgreene.com/podcast/zen/052 to download it. Supporting Resources: Craig Curelop's website - www.thefiteam.com Find Craig on YouTube - www.youtube.com/channel/UCMJ0qEaSojNm8TCwVbLrK2g Visit Craig's Instagram - www.instagram.com/thefiguy Connect with Craig Curelop on LinkedIn - www.linkedin.com/in/craig-curelop-a6457242 Get The House Hacking Strategy book - store.biggerpockets.com/products/the-house-hacking-strategy Visit Bigger Pockets - www.biggerpockets.com Website - www.streamlined.properties YouTube - https://www.youtube.com/c/JonathanGreeneRE/videos Instagram - www.instagram.com/trustgreene Instagram - www.instagram.com/streamlinedproperties TikTok - www.tiktok.com/@trustgreene Zillow - www.zillow.com/profile/Streamlined%20Prop%20eXp Bigger Pockets - www.biggerpockets.com/users/TrustGreene Facebook - www.facebook.com/streamlinedproperties Email - info@streamlined.properties   Episode Credits If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.  

oday we were lucky to have on Craig Curelop Realtor, Investor, and author of The House Hacking Strategy. Craig shares his story on how he got started in real estate from house hacking to achieving Financial Freedom. The house house hacking strategy can be found on bigger pockets or amazon! Instagram: thefiguy *****DISCLAIMER**** I AM NOT A CPA, ATTORNEY, INSURANCE, CONTRACTOR, LENDER, OR FINANCIAL ADVISOR. THE CONTENT IN THESE VIDEOS SHALL NOT BE CONSTRUED AS TAX, LEGAL,INSURANCE, CONSTRUCTION, ENGINEERING, HEALTH OR SAFETY, ELECTRICAL, FINANCIAL ADVICE, OR OTHER AND MAY BE OUTDATED OR INACCURATE; IT IS YOUR RESPONSIBILITY TO VERIFY ALL INFORMATION YOURSELF. THIS IS A PODCAST AND YOUTUBE VIDEO FOR ENTERTAINMENT PURPOSES ONLY

Craig Curelop is an investor, real estate agent, and all around real estate entrepreneur. Craig started his real estate career working for BiggerPockets and quickly graduated into full time entrepreneurship. Craig got his name as "THE FI GUY" while working at BP since he was focusing on how to help regular people achieve financial independence. Craig started his real estate investing career house hacking only a few years ago and since then collected 20 properties all over the country.  Craig recently published a book called "The House Hacking Strategy" and started the Invest2FI podcast.Craig Curelop Social: @thefiguy  This episode is sponsored by:National Lumber: Since 1919, National Lumber has been serving residential and commercial builders, remodelers, architects and consumers in the Baltimore and Chevy Chase area. We feature a full line retail store, lumber yard, comprehensive product showrooms featuring windows, doors, and kitchen and bath cabinetry.Trius Lending Partners: "We are a direct, private money/hard-money & long-term rental lender with headquarters in Maryland & the Mid-Atlantic. We lend on residential investment properties, fix & flip, and rehab projects, commercial properties in the Mid-Atlantic region."The Wealthy Coach Podcast Hey Coaches, Practitioners & Healers! Go from 0 clients to a 6-Figure Online Biz!Listen on: Apple Podcasts Spotify

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How do you get started in house hacking? There's several strategies for brand new investors getting started and the biggest investors in the industry looking to pocket some serious change and save a buck or make an extra buck. Today, Clint Coons of Anderson Business Advisors talks to Kelton Todd with Women's Real Estate Investor Network. Also, Kelton is co-owner of Todd Team Investments. Whether mentoring one-on-one or delivering a keynote presentation, there is one word that describes Kelton's goals—results. Kelton inspires others to take action and change the direction of their lives through creating their own financial freedom. He is now offering Empire Academy, a fully comprehensive, results-oriented real estate investing education program. Highlights/Topics: College Roommate Strategy: Buy a house, live rent-free in bedroom, rent out the rest Vacation Home: Rent out just a bedroom or entire place temporarily to generate revenue Challenges: Look out for drugs, parties, and things like that in college towns Relationships: Know if you can live with person; different personalities create conflict American Dream Strategy: Buy property using government-backed loans with little down FHA: Via same loan process, acquire duplex, triplex, or quadplex and rent out other units Women's Real Estate Investors Network: Good foundation, education, understanding Ultimate Empire Builder Strategy: Buy something small and turn it into something big Moving Up: You become the Joneses that everyone's trying to keep up with Risks: You must be willing to take some risk to make money—inflation isn't slowing down Resources: Women's Real Estate Investors Network https://womensrein.com/ Women's Real Estate Investors Network Terms of Use https://withoutfearofherfuture.com/ Airbnb https://www.airbnb.com/ VRBO https://www.vrbo.com/ HomeAway https://homeaway-com.com/ 26 U.S. Code 121 Exclusion https://www.law.cornell.edu/uscode/text/26/121 Clint Coons https://andersonadvisors.com/clint-coons/ Anderson Advisors https://andersonadvisors.com/ Anderson Advisors on YouTube https://www.youtube.com/channel/UCaL-wApuVYi2Va5dWzyTYVw  

Credit score is not the sexiest term out there! But you will not believe the amount of things impacted by your credit score. Many people don't know the importance of having a good credit score until they buy a house, apply for a car loan, request a credit limit increase, buy insurance, and make other major purchases.And honestly, I never knew how important a good credit score was. But when I finally figured it out, my financial situation drastically changed. Now, since we've covered mostly all there is to house hacking in our previous episodes, let's look at other types of investing. But let us start with everything you need to know about credit scores.So, in today's episode of Women Creating Wealth, I'll talk about…- what is a credit score- the importance of having a good credit score- factors that influence a good credit score - ways to potentially improve your credit scoreIf you're thinking of buying an investment property, want to get lower monthly payments for your next big purchase, or want to have a better financial future, then make sure to tune in to today's episode. You don't want to miss this one!--Key Takeaways:Intro (00:00)What is a credit score, and how important is it? (01:26)Keep up with your payment history (03:23)Amounts owed or credit utilization (06:35)Do you have a “mix” of credit? (07:20)How long you've had credit? (07:58)Ways to improve your credit score (08:26)Episode wrap-up (12:18)--Additional Resources:- Get your credit score report on Experian.com- Sign up for my FREE real estate course here- Grab a copy of my book Empower Your Inner Millionaire- Visit my real estate blog here--Connect with Me:- YouTube- Facebook- Instagram--Women Creating Wealth is a podcast empowering women to achieve financial freedom through real estate investing.Be sure to follow it on your favorite podcast platform!

Are you still on the fence about house hacking? Do you wish it'd work for you so you can live life without worrying about money? Then this episode is for you.I know there are a lot of comments on our YouTube channel saying things like, "House hacking doesn't work." or "That's not true!". I heard you.So I've invited a guest who was once a skeptic (like you) on making passive income through house hacking.When Susie Kuc started pulling in some extra money from her Airbnb suite rentals, she and her husband went all-in and treated it like a business instead of a side hustle.And that's the start of a lifestyle transformation they didn't see coming.From renting out Airbnb suites to campers and living life not tied down to one place, life has been incredible for Susie and her family.Even more impressive is that they've grown their real estate business in less than five years.So, tune in to today's episode and discover:- how Susie got first into house hacking- how to get consistent bookings - how to grow a business using your Airbnb earnings- tips on how to achieve financial freedom- plus more…If you're ready to get into house hacking and unlock your financial freedom at this stage of your life, then make sure to tune in to today's episode of Women Creating Wealth!Let's dive in!--Key Takeaways:Intro (00:00)Meet Susie Kuc (00:37)How it all started (03:26)The easiest way to get good reviews (06:35)How to get consistent Airbnb bookings (09:46)From Airbnbs to renting out campers (14:55)Susie's advice to those who want to do Airbnb (20:40)--Additional Resources:- Grab a copy of my book Empower Your Inner Millionaire- Sign up for my FREE real estate course here- Visit my real estate blog here--Connect with Me:- YouTube- Facebook- Instagram--Women Creating Wealth is a podcast empowering women to achieve financial freedom through real estate investing.Be sure to follow it on your favorite podcast platform!

Hire a professional photographer! That's what my brain has been telling me the whole time I browse all these cringy listing photos on Airbnb.Last week, we discussed how to set up your Airbnb listing correctly. Today, I want to talk about the five common mistakes people make with their Airbnb photos.For Airbnb beginners, I know you want to save every penny you have when putting up your first Airbnb listing since money isn't coming in yet. But if you want that money to start knocking at your door asap, you got to shell out a few bucks to get your Airbnb photos looking clean, well-lighted, and inviting by hiring a professional photographer (or at least learn how to take pictures the right way).Your photos are the deciding factor in whether or not people would stay at your Airbnb rental unit.So, tune in to today's episode as we check out a couple of Airbnb photos, determine what's wrong with them, and what you can do to make them clickable when posted online.If you want to succeed in house hacking on your first try and start building a passive income through Airbnb short-term rentals, then make sure to tune in to this week's episode of Women Creating Wealth.Let's dive in!--Key Takeaways:Intro (00:00)Things to consider before posting photos on Airbnb (01:56)Photo mistakes overview  (03:35)Mistake #1 - lack or improper use of light (04:17)Mistake #2 - weird angle or perspective (07:09)Mistake #3 - not utilizing the rule of thirds (11:46)Mistake #4 - burying the lede(14:18)Mistake #5 - not evoking feelings (19:58)Bonus Tips (31:41)--Additional Resources:- Check out The Rule of 3rds- Some of the photo listings mentioned in this episode- Grab a copy of my book Empower Your Inner Millionaire- Sign up for my FREE real estate course here- Visit my real estate blog here--Connect with Me:- YouTube- Facebook- Instagram--Women Creating Wealth is a podcast empowering women to achieve financial freedom through real estate investing.Be sure to follow it on your favorite podcast platform! 

Do you want to achieve financial freedom in just five years or less? Do you want to leave that corporate job already and see what's more to this life than just sitting in a cubicle all day? If yes, then that's great, for you're in for a treat today! Today's guest is a specialist in house hacking, a real estate practice that will help you generate and build wealth no matter where you live. So, tune in to this episode and learn how to achieve financial independence through house hacking! Craig Curelop is the Founder of The FI Team – a team of real estate agents that coach, guide, and mentor you throughout your journey of financial independence. He is a real estate investor with 22 doors and is now getting into large multifamily syndication. Craig is a newly married man who has recently settled into his family's forever home. In this episode, Craig shares how he's achieved financial freedom through doing house hacking as he gives out tips and suggestions on how you can do the same. Checkout -- Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/ What you'll learn in just 20 minutes from today's episode: Understand what house hacking is all about and how people get money from it; Discover whether house hacking is still a viable strategy to make money today; and Find out tips on how to best manage things once you start renting out your house by the rooms Resources/Links: Grab a copy of Craig's book, “The House Hacking Strategy”. Discover how to make house hacking really simple. Go to thefiteam.com/hhu and enroll in the House Hacking University now! Topics Covered: 00:57 – The backstory of Craig's real estate journey 03:15 – What house hacking is all about 04:40 – Taking his own advice and doing house hacking right away 06:00 – What happened years after he started doing house hacking 07:13 – Is house hacking still a viable strategy nowadays? 10:45 – Biggest mistakes people make when it comes to house hacking 11:50 – Tips for people living in an expensive market 13:34 – A house with multiple rooms vs. a duplex/triplex/quadplex 14:54 – Is house hacking feasible for people who already have a family? 15:47 – Tips on how to best manage things when renting out your house by the rooms 18:47 – Connect with Craig Curelop Key Takeaways: "I kept thinking of dumb ideas, until I realized that I didn't need to become like Mark Zuckerberg or anybody like that. I can just become a real estate investor [and] do what 90% of millionaires have done.” – Craig Curelop “Sure, I got lucky, but I've put myself in a position to be lucky though. If you never buy, you can't get lucky. And so, I always just say make sure you're buying in an area where you're going to [get] a cashflow.” – Craig Curelop “No matter where you live or which way you go, house hacking will for sure help you generate and build wealth.” – Craig Curelop Connect with Craig Curelop: Instagram: https://www.instagram.com/thefiguy/ Website: https://www.thefiteam.com/ TikTok: https://www.tiktok.com/@thefiguy Connect with Dave Dubeau: Podcast: http://www.propertyprofitspodcast.com/ Website: https://davedubeau.com/home Investor Attraction Workshop: http://www.investorattractionworkshop.com/ Facebook: https://www.facebook.com/thedavedubeau LinkedIn: http://linkedin.com/in/davedubeau  

Do you know what makes an Airbnb listing get booked consistently? Well, it's not always about the photos. It's also about the words you put into your Airbnb listing.As much as you want to get “salesy” in your listing, you have to think about your potential Airbnb guests. Successful listings answer the questions that guests are going to ask. And if your goal is to be a Superhost, here's what you need to remember: underpromise and overdeliver.So, tune in to today's episode as I walk you through how to set up your first Airbnb listing the best way and become a Superhost in no time, even if you're new to all of these.We're going to talk about…- how to write titles and descriptions that get booked- how to get 5-star reviews even during the worst scenarios- how to speed things up with your new Airbnb accountIf you finally decided to get into Airbnb hosting and live a life with a good cash flow even during old age, then make sure to tune in to this week's episode of Women Creating Wealth.Let's dive right in!--Key Takeaways:Intro (00:00)Knowing your town or state laws on Airbnb short-term rentals (00:49)Write a listing title and description that gets booked (02:24)Take the time to build a little guidebook (06:50)Make sure that people understand if anything is shared (09:31)Be honest with your unit's accessibility (10:39)How to get 5-star reviews even in the worst scenarios? (11:49)The best way to furnish your place (13:48)Tips on how to rank better on Airbnb search results (16:36)Why using professional photos for your Airbnb listing is a game-changer (20:06)--Additional Resources:- Listen to Episode 9: House Hacking Strategies That'll Add 5 Figures to Your Income (with Cassie Parks)- Grab a copy of my book Empower Your Inner Millionaire- Sign up for my FREE real estate course here- Visit my real estate blog here--Connect with Me:- YouTube- Facebook- Instagram--Women Creating Wealth is a podcast empowering women to achieve financial freedom through real estate investing.Be sure to follow it on your favorite podcast platform! 

Welcome to the 10th episode of Women Creating Wealth! Today, we'll talk about real-life house hacking examples (from a tiny shed to a mansion) that would hopefully convince you that house hacking works!Aside from that, I'll also be sharing today some money-saving tricks to keep your house hacking cost as low as possible, the proper mindset to determine house hacking opportunities, and more.So if you want to get your feet into real estate investing before retirement, or if you're already retired and want to earn money while pursuing things that you love, check out episode 10 of Women Creating Wealth. --Key Takeaways:Intro (00:00)House Hacking is not always short-term rentals (01:36)Can you house hack your investment property? (02:19)Ask yourself these house hacking questions (04:40)House hacking a less than 200 sq. ft. shed into a tiny house rental (06:09)House hacking a 250 sq. ft. tiny apartment (08:50)House hacking a 4-bedroom house (10:34)My budget-friendly 1,200 sq. ft. ranch house hack (12:03)How long-term tenants helped my friend pay off his mansion (17:04) --Additional Resources:- Listen to Episode 7: How to Start an Airbnb Business Using Data Analytics- Listen to Episode 8: A Beginner's Guide to Airbnb Rental Arbitrage (Starting an Airbnb business with no house and a little bit of money upfront)- Listen to Episode 9: House Hacking Strategies That'll Add 5 Figures to Your Income (with Cassie Parks)- Grab a copy of my book Empower Your Inner Millionaire- Sign up for my FREE real estate course here- Visit my real estate blog here --Connect with Me:- YouTube- Facebook- Instagram --Women Creating Wealth is a podcast empowering women to achieve financial freedom through real estate investing.Be sure to follow it on your favorite podcast platform! 

Do you know that you can do house hacking using a little money and with what you already have? Oh, yes! You don't need huge investment capital or a big house to set up your own rental business. It's a matter of thinking outside the box.Welcome to Women Creating Wealth! In this week's episode, I've invited Cassie Parks, who has been pretty successful with her house hacking journey using clever ideas. Today, we'll talk about her first house hacking success story with her pool that generated $12,000+ in less than a year, her Airbnb journey using what she already has, and other fantastic house hacking strategies probably sitting in front of you.If you have saved up a little money or have an empty nest, and want to earn passive income, then tune in to today's episode 9 of Women Creating Wealth!Let's dive in! --Key Takeaways:- Intro (00:00)- Meet Cassie Parks (00:55)- Cassie's first house hacking success story (02:26)- How she makes money with her backyard (06:22)- The start of Cassie's Airbnb journey (08:34)- How to convince your family to do an Airbnb (11:04)- Things to consider when using your house for Airbnb (17:05)- Clever house hacking strategies using what you already have (23:36) --Additional Resources:- Connect with Cassie Parks' here- Listen to Episode 7: How to Start an Airbnb Business Using Data Analytics- Listen to Episode 8: A Beginner's Guide to Airbnb Rental Arbitrage (Starting an Airbnb business with no house and a little bit of money up front)- Rent out your pool with  Swimply.com- Check out Sniffspot.com - the “Airbnb for dogs”- Grab a copy of my book Empower Your Inner Millionaire- Sign up for my FREE real estate course here- Visit my real estate blog here --Connect with Me:- YouTube- Facebook- Instagram --Women Creating Wealth is a podcast empowering women to achieve financial freedom through real estate investing.Be sure to follow it on your favorite podcast platform!

You often hear about house hacking as a means to an end, a simple way to start your real estate journey, but what if it could be more? What if house hacking could be your ticket to financial freedom? Today's guest, Craig Curelop, author of The House Hacking Strategy, shares how he reached financial freedom through house hacking and how to follow along in his footsteps.Craig started where most do, hating his W-2 and working too much. He began researching how to earn a passive income and came across BiggerPockets. Within six months, Craig started working at BiggerPockets, moved to Denver, and decided to start living his life the way he wanted. Using his house hacking strategy, he went from being $30,000 in debt to financial freedom in two and a half years. Before you get into house hacking, you need to understand the basics, and today Craig breaks them down. He goes over the different ways to house hack and its advantages and disadvantages. Craig also talks about how to live with your tenants and the boundaries needed for your ideal house hacking situation. Craig paints the whole picture so you can make an informed decision and decide if house hacking is the way for you to become financially free too (or at least build more passive income)!In This Episode We CoverWhy house hacking is ideal for new and young investors and how to get started The different ways to house hack and how to turn an unused space into an income-generating areaThe noteworthy advantages and disadvantages of house hacking and how to decide if house hacking is for youLiving with tenants and how to set landlord boundaries for you and your tenant's comfortHow to vet tenants and red flags to look out for before offering them a leaseCollecting rent and the processes to have in place to help you stay in “landlord mode”And So Much More!Links from the ShowAshley's InstagramTony's InstagramBiggerPocketsReal Estate Rookie Youtube ChannelReal Estate Rookie PodcastReal Estate Rookie Facebook GroupAirbnbAJ Osborne's WebsiteThe CRE CircleRentRediThe Real Estate PodcastCostco10 Income Streams on 1 Property by “Land Hacking” w/ Kai AndrewKai Andrew's WebsiteApartments.comConnect with Craig:Craig's InstagramThe FI TeamInvest2FI PodcastCheck out the full show notes here: https://biggerpockets.com/blog/rookie-195Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Craig Curelop is a real estate agent and investor based in Denver, CO. He's been investing since 2017 and wrote THE book on house hacking, The House Hacking Strategy. He achieved financial independence in a short period because of his house hacking skills and determination!

In this episode, we have Craig Curelop, who is known for previously being a part of BiggerPockets. He is a real estate entrepreneur, investor, Lead Realtor of The FI Team, and the author of "The House Hacking Strategy." Tune in as we delve deep into how he started with BiggerPockets and House Hacking, what it looks like to transition to multifamily deals, all about his book, future plans, and learning about life and personal growth. 

This is the best way to house hack. Apply this theory using an FHA or VA loan to staring you real estate portfolio and it will set you up for success. Then you get the dream home. Email: hello@houserichshow.com Home Buyer Education Courses- coinsnculture.gumroad.com/l/rHHKs Credit Course- coinsnculture.gumroad.com/l/yfZAqW IG- https://www.instagram.com/coinsnculture/ Merch- https://houserichbrand.myshopify.com/

Dan Sheeks is one of the newest BiggerPockets Publishing authors, with his book, First to a Million: A Teenager's Guide to Achieving Early Financial Freedom. The book introduces teenagers to the strategies, concepts, and mindset needed to achieve early financial freedom. He is a high school Business/Marketing teacher, real estate investor, and personal finance advocate in Denver, Colorado. He and his wife have a variety of real estate investments including multifamily, single-family, Airbnb, and out-of-state BRRRRs (buy, rehab, rent, refinance, repeat). Dan's passions include working with teenagers, advocating for personal finance education, investing in real estate, and promoting the FIRE movement. In his 19-plus years of teaching high school, he has taught various business subjects, including financial literacy, entrepreneurship, and marketing. In this episode, Dan will share with us his passionate work how he is helping teenagers in personal finance, passive income, real estate investing, and early financial freedom strategies so they can live their best lives. Episode Links: https://www.sheeksfreaks.com  https://www.instagram.com/dsheeks/?hl=en https://store.biggerpockets.com/products/first-to-a-million https://www.amazon.com/First-Million-Teenagers-Achieving-Independence/dp/1947200461 --- 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 Real Estate Investor. My name is Michael Albaum. And if you're watching this on camera, I've clearly got a shiny head tonight. I think it's my lighting.   On this episode, I will interview Dan Sheeks, author, investor, teacher, and just someone who's full of wisdom and golden nuggets. So let's get right into it.   Dan Sheeks, what's going on, man? Thanks so much for coming on the show with me. I appreciate you.   Dan: You bet, Michael, great to be here. Thanks for having me.   Michael: Oh, my gosh, my pleasure. So we were chatting a little bit before we recorded, we you know, hit the record button. And so I know a little bit about your story. But I would love if you could share with all of our listeners, who you are, where you came from and what it is has to do now with real estate.   Dan: Sure. Um, it's not it's not a crazy exceptional story. It's… so I'll keep it short. It's… I've been in Colorado for a little over 20 years. My main gig currently is that I am a high school business teacher in a public high school, just south of Denver and a suburb. This is my 19th year doing that. And I teach classes like entrepreneurship, personal finance, marketing, stuff like that. I love my job. I absolutely love my job. I have great kids and great program. All my classes are electives. And so most of the kids that are in their want to be in there. And so it's it's fun to teach them.   I bought my first property…. say 10 years ago, but I really started investing I would say about six or seven years ago, when my wife and I, at the time we weren't married, we had just started dating actually. But we both were just kind of starting to scratch the surface around real estate investing. And when, when we met, we also both found the BiggerPockets community and the Choose FIRE community and really dove like full on into those communities and their blogs and their podcasts and all that good stuff. And so luckily for us, I guess that's probably why we're married. We were really in sync with our future financial goals. And the idea of real estate investing to build wealth. So we've been hammering it ever since. Today, we own 17 units, mostly in Colorado. We have three houses out in Detroit, Michigan, or suburb of Detroit. And a little bit of variety in there. We have single family, small multifamily, we've done some burrs, we have a couple of short term rentals. We house hack, so we rent out our basement as well.   Michael: Love it, love it…   Dan: Most… mostly long term buy and hold properties. So that's, that's it in a nutshell.   Michael: Okay, man, that's awesome. I mean, I think there's a ton there that I want to unpack. But you said at the beginning of that sentence, that's not a very exceptional story. And I'm going to push back a little bit on that, because you said that you're a high school business teacher in a public school. I mean, those words don't exist, didn't exist in a sentence when I was in school. So what is a high school business teacher? I mean, that's, that sounds incredible.   Dan: Yeah, there's a lot of people say that, like, Oh, I didn't know they had those classes in high school.   Michael: Yeah.   Dan: And when I was in school, too, we did… we did have one business teacher, he taught typing and accounting. And that might have been it. I took accounting from him, and I really liked it. But business classes have been around, but nowadays, they're really started. There's a lot of them, especially in the larger urban schools where there's enough, enough of a you know, class size and students to to fill those rooms with with kids. So we have all kinds of classes at our school, we have, I think, seven business teachers… 1, 2, 3, 4, 5, 6, sorry, six full time business teachers that teach a variety of classes. So most of your bigger urban schools are going to have business classes, and even some of your rural schools will have the things I mentioned, like, you know, accounting, and maybe an intro, intro to business class, computer application, stuff like that. So, yeah, they're out there, but they are usually always elective.   Michael: Okay. All right. Well, I know I would have for sure jumped on that when I was in school. So I'm so glad to hear now that it's being offered. But it's so cool to hear that. I mean, you're living, like you're living and breathing what it is that you're teaching these kids, right.   Dan: I teach personal finance and I teach marketing that's… Marketing is my main, the main thing I teach marketing classes, Social Media for Business and I guess entrepreneurship, too. And so in those classes, because it's a passion of mine, I will drop in, you know, a day here a day there. I call them FIRE-days, Financial Independence Days, and we'll just talk about some random strategy. Maybe it's house hacking, maybe it's frugality. Maybe it's side hustles, maybe it's passive income. And we'll just have some good conversations around it. In the personal finance class, of course, I can get more into that because it's more relevant to the actual curriculum. But even in that class, I still have to cover a lot of the basics. So there's that foundation, because when I get into things like, let's say, real estate investing, or these higher level FIRE-strategies, you know, they have to have that foundation first.   Michael: Okay. And when you say the basics, what is that? Because I think so many investors, or people that are just getting into investing in general, hear that real estate's a great investment and think, okay, I gotta go, you know, I gotta go get some real estate, but maybe don't have some of those basics and those fundamentals down. So when you say that, you know, what are you referring to?   Dan: Yeah, just the basic personal finance stuff would be things like checking accounts, savings accounts, brokerage accounts, the basic stock market investing, knowledge, credit cards, building a good credit score, using credit, having assets and not liabilities, things of that nature. Insurance…   Michael: Okay.   Dan: Pay stubs, good doing your taxes.   Michael: Love it. And you recently wrote a book, right?   Dan: Yeah, I wrote a book, came out about two months ago.   Michael: Awesome. And what is it called? And what can people expect to find in it?   Dan: Yes. So the book is called: “First to a Million” and the subtitle is “A Teenager's Guide to Achieving Early Financial Independence”. And so it covers, it covers a lot. It's actually pretty, it's kind of a longer book for a teenager, but it's a pretty easy read, I think. But it's not something that someone who read in it in an evening, it's, it's got, it's got some, some girth to it, I would say some a lot of good content. But when I wrote it, I wrote it for teenagers, obviously, that's in the subtitle, but really, it's a book, anybody who's just getting started in the early financial independence world, or, you know, that idea that, hey, I don't have to work till I am 65. The book has a lot of value for anybody. I don't care what, what age you are, it's really an introduction to that, that community, that strategy. And so you know, I wrote the book, assuming the reader knew nothing, right? They were, they're starting with a clean slate, they knew very little about personal finance. The good news is though, and I always laugh about this, because there's a lot of people out there who are very passionate about teaching adults, personal finance, and early financial independence strategies, and bless them for doing that. But I think it's actually easier what I'm doing because a teenager is a blank slate, right? They, they haven't really started bad habits, they haven't tanked their credit score, they haven't incurred a bunch of debt, they don't have any debt. And they haven't engaged in lifestyle inflation. So they're, you know, you can train them from the get go to make good decisions from, from a very early age. And so I think it's kind of easier to deal with teens and to teach them right out of the gate.   So that book is really just about introducing the young person to savvy personal finance, the foundation, some of that's covered in the book, and then going into those bigger topics. Like I mentioned before it, frugality, entrepreneurship, side hustles, passive income, real estate investing, index fund investing, and there's a couple chapters in there about should you go to college? Is that a good decision or not? Obviously, teenagers, that's a big decision they have to make.   Michael: That's a very big, I'm sure you've got some angry parents of folks reading that book? Because that's a question for so many people, right? It's like you have to go.   Dan: Yeah. I mean, I don't have any angry parents because I don't tell anybody what to do. I just lay out the pros and cons. Like if, if you, the reader are interested in early financial independence, then here's the pros and cons of college and I ultimately say it's your choice only, you know what you should do? But a college degree isn't necessary for financial independence. And that sometimes can actually be a hindrance, because, you know, especially if you incur debt, you know, in the book I talked about if you're going to go to college, great. More power to you, but you need to find a way to do it without incurring any student loan debt.   Michael: Yeah, yeah. I mean, you think about and just look at the math like an average college costs about 20 grand a year 25 grand a year. If you go put that on a down payment on a house, you could have four properties by the time you would have graduated college.   Dan: Yeah, especially if you how sacked one a year you will…You'd have four properties without a doubt. And I know guys who are financially independent with four properties and the house hack to meet, so you can parallel universe there, you have someone who's graduating at 22, let's say with 100,000 / 50,000 in credit card debt, just starting their career in parallel universe, there's their, their twin who's basically at financial independence are very close. Now. They're, they're living pretty meagerly and frugally, but they can, you know, slowly continue to buy more passive income assets and grow that over time. Yeah, so it's, there's a choice. And I don't tell anyone what choice to make. It's everyone's got their personal path to walk. But I do believe everyone should be educated on the options.   Michael: Totally, totally. And I mean, you're teaching this stuff day in and day out, Dan. So what inspired you to actually write a book about it?   Dan: Um, it was, it started six or seven years ago, when when my wife and I found bigger pockets and Choose FIRE. Because before that, I really, I knew about investing. And I knew about savvy personal finance, but I didn't know about early financial independence. And so as my wife and I learned more and more and more, and I was reading books, and blogs, and listen to podcasts, and all that stuff.   I was like, Wow, this, you know, these options that are included under the financial early financial independence umbrella, nobody knows about this stuff. It's just, it's a pretty new movement, at least the last 10 or 15 years. So I, you know, teenagers being my thing, I love working with young people. I just knew that I had to write a book, specifically for that young person, about these early five strategies, because there's nothing else out there. You know, there's nothing, there's no other book out there for young people to introduce them to these other options.   Michael: Yeah. And I mean, I love that, I love that. So many people, I think, especially if talking to a financial advisor, or financial planner, get overwhelmed with all of the different options, all the different choices, all the different possibilities out there. So how do you break it down for younger folks to really understand and digest? And, and do you think that they really do?   Dan: Um, I know they do. Because I've worked with so many young people who are, who are using these these strategies and these tools and these tactics to be well on their way to early financial independence at a young age. Does every kid soak it up? Don't know yet, right? Because a lot of the students in my class or in my classroom, or in my… sorry, my online community, they're probably listening to stuff and they may not, they may not employ it right away. But it's always going to be in the back of their head. So maybe 15 years down the road, they hate their job. And then that's the impetus that makes them say, you know what, I cannot do this for another 30 years. But I remember that one guy, or that one book, or that one guy…   Michael: The Dan guy…   Dan: Yeah. Yeah. And so let me Google that and see what that's about again, I want to look into that some more, because now they're more motivated, perhaps. Yeah…   Michael: I love that. I love that. So and let's talk about your online community. What's it called? And kind of who's it for? Dan: It's called SheeksFreaks, which is kind of a funny name…   Michael: I love the name.   Dan: Well, it's my last name plus the word freaks in the whole, you know, the first 2 million book, the whole kind of premise, or the theme of the book is around being freakish. And same with my community. And that that is, you know, it's it's the idea that very few young people are motivated enough to spend time learning and executing personal finance strategies. It's not the norm most young people don't want anything to do with that. That was me when I was younger. So the young person, like if someone reads my book, and they're a teenager, that's, that's exceptional, right? That's, that's a book about personal finance and money that a teenager just read through. Kudos to them, but that's not normal. It's freakish in a good way, right? It's exceptional. So the SheeksFreaks community is an online community been around for about two years, it's for young people, I like to say 15 to 25, who are either beginning or, you know, maybe intermediate level around early financial independence stuff, we have several different subgroups within the community, like different topics that they can join, that they're more specifically interested in. We have like 40 of those. And so that it's just a place for young people to come together to interact and connect with likeminded young people because again, these are their freaks, they are different. And so even in their home group, there's not a lot of people like them, their best friends probably aren't engaging in the conversations that they want to have around money, but in my community, that's all that we're doing.   Michael: I love it. I love it. And how do you find the conversation is best started. You know, for a lot of our listeners out there maybe their parents and have young, young kids or teenage age kids in their life, and this topic has never come up at the dinner table or never come up in life. So how do you start to facilitate? How do you start to have that conversation? You give them a book and say here, go, go get learned?   Dan: Yeah, well, I think you have the, you have the conversation at the dinner table, even you just do it, right. And I mean, it should go well, before that, I think money conversation should be held in the household from a pretty early age, you know, I mean, from the get go, and it just, it becomes part of your family culture that we are open with money, we talk about our, our incomes, and our expenses and our, our financial status in our house, and you can try to make it you know, don't tell them too much, until they're old enough to understand that some of that shouldn't be shared with everybody. But you have the conversations at dinner, you have the conversations in the car on the way the grocery store, you, you have your child teenager, tween whatever, you have them sit down with you while you pay the bills, click the mouse and pay, you know, pay the bill here pay the bill there you show them where your money's coming in, you show them where the money is going out for the house. So every household is like a small little business, show them the profit and loss, show them the balance sheet. So then the checking account, the savings account, the brokerage account, explain to them what's going on there. If they don't have any interest, um, you know, just keep at it every few months, sit them down again. But if you're having these conversations around the table, I think it's going to happen pretty organically. I don't have kids that age yet, so I can't speak to it. But I can say as a teacher, you know, and use terms like financial freedom, not retirement, retirement, it's kind of boring and like light years in their future, but financial freedom, financial independence, those are more catchy click beatty kind of terms that they, they might gravitate to. And, you know, just pose a question like, son or daughter, if you won $100,000 in a lottery, what would you do with that money? Here's what I would do. You know, let them explain and here's what I would do. And what do you think would be the best use of that money? Would you split it into different buckets? And why would you do that? There's a lot of things you can do to just facilitate money conversations. That's really what you got to do.   Michael: Yeah, that's a great question, that's a great question… So Dan, I would love to shift gears here and talk a little bit about your kind of personal portfolio and journey having done, you know, a handful of different things, what's been your favorite investment asset class today?   Dan: Short term rentals, we have ,too you know, we're not experts by any stretch, but they do crush it, man, the, the, the increased cash flow is significant. But they are a little more high maintenance, or sometimes a lot more high maintenance. My wife just… one of our short term rentals is about an hour drive south of here in Colorado Springs, and my wife just went down today for about an hour drive down, she spent about two hours down there, she came back for an hour, you know, she goes down there and checks up on the property every, every month or so. And just to make sure things are good touch base with our, with our cleaner, who's really kind of our property manager down there in a way.   Michael: Okay…   Dan: Umm, so I think those are my favorite, but you know, we're not, we're not real estate investors that want to own 100 properties, we will probably buy a few more, and then we'll be good. We'll probably start paying off some mortgages and, and increasing our cash flow. And we don't want to own multiple, multiple short term rentals. That's just not in our strategy for long term wealth and happiness. And that's what it's all about, right? It's about being happy. And we live pretty frugally. So we don't need a bunch. And we don't want to be having to think about a bunch of properties.   Michael: It makes total sense. And you mentioned that you and your wife are also house hacking, which I love because my wife and I are doing the same thing. And I think so many people hear what house hacking is and think oh, it's only for, you know, a single person fresh out of school, you know, can eat Top Ramen for dinner, but I mean, you're, you're a married couple doing it. So curious to know what that's been like for you both?   Dan: It's been awesome. It's like getting a $10,000 a year raise every year, or just a bonus, I guess. And by the way, my wife was a public school teacher elementary for 18 years before she retired a couple years ago, was able to retire because of our our real estate investments. Now she manages our portfolio, she grows our portfolio. She's a property manager. And she has a couple of side hustles so she's home pretty much all day except when she's doing you know, managing properties and whatnot. So we have, we have a three story house and it's a three bedroom house and there's a bedroom on each floor, each each level. So in our basement, there's one bedroom, one bathroom, a living area, plenty of storage fireplace and we've kind of made a makeshift kitchen down there with the a hot plate and a microwave and a toaster oven and a medium sized fridge. And so yeah, we ran out the basement to… well, we've we just our third tenants that we've had in like four or five years, just left. So it's right now actually listed and we'll have someone moving in soon.   And yeah, they just live downstairs, there's that we share the laundry with them, we share the main entrance. For the most part, they don't use our kitchen, but they can you know, if it's, if they need to use it, that's fine. But they pay us $950 a month to live in our basement. It's a nice house, right? The downstairs is a great living area.   Michael: Amazing.   Dan: So it's not for everyone, my wife and I are in our 40s we have a small child. I'm at work at school, you know, every day, so we only rent to females, my wife feels and I feel much more comfortable doing just females. And it's worked out great, you know, we've had three great tenants looking for a fourth, and who doesn't want an extra 10 grand a year?   Michael: Totally. And so it sounds like it's a long term rental than long term basis.   Dan: Yeah, we usually start out with three to six months and then month a month after that. I think all three of our tenants have stayed for at least one year, the longest, I think was two years.   Michael: Okay. Man, I love that, I love that. Any plans to stop that in the future at a certain… when your kids get to a certain age after you feel like, you know, just kind of over this? Do you see that in your horizon anytime?   Dan: We've talked about it, but we'll just play it by ear, honestly. I mean it. If at some point were like, you know, this isn't working anymore. We'll just say, all right, you got you got another month, here's your months' notice, and then we'll move on. Yeah…   Michael: Love it. And I think, I think house hacking is like one of the best way to turbocharge just like rocket fuel for real estate investing and wealth building. I mean, it's just unbelievable what you can do with it. So any tips, tricks, recommendations to folks listening out there that are considering purchasing a house hack for themselves?   Dan: Oh, I have tons and I agree with you.   Michael: Awesome. I thought you might…   Michael: Yeah. Yeah, Michael, I 100% agree with you that house hacking is I think by far the best real estate investing strategy for young people to get started. And I write about it quite a bit in my book. There's also a workbook that goes, there's the book First 2 Million, and there's a workbook that goes with it and in that workbook it takes, it takes a teenager over like a five year, five year period of time and gives them tasks to do every four months. And if they follow the workbook, they will own their first house sack within about four years, and when they start employing all of my strategies that I lay out. And so you know, some tips and tricks, one, if you're, if you're a teenager, you got to start saving some money. You can have a low down payment with the house set because it is a primary residence, but you got to have some cash and you want to have some emergency cash. And you want to have some initial maintenance and repairs cash, which I lay all this out in the workbook in detail, you got to have a good credit score.   I tell my, the young people I work with and this is counterintuitive to I think what a lot of people say but when you the day you turn 18 I say roll out of bed, go to your laptop and apply for your first credit card. And when you turn 19, get your second one, you turn 19 and a half, get your third one and use them all, use all three, at least a little bit every month and pay him off every month. If you do that you will have an amazing credit score in no time. And I know young people who have done exactly that caveat, right. That's only if you know how to use a credit card responsibly, if you haven't been educated on that, then stay the heck away. But the young people in my community they they're very responsible with money in there. And there they are educated on how to do that. So get the good credit score, save up some money, educate yourself. That's a huge piece, read the books. I'll throw a plug in for my friend Craig Curelop, he wrote a book called: “The House Hacking Strategy”, published by BiggerPockets.   Same publisher of my book, and it is a phenomenal book for someone who wants to start house hacking, and just wants that introductory book that takes them from step one to step 100. And now you're in your third house, that kind of thing. Yeah, so the, the piece of that puzzle for house hacking that will trip most young people up is the is the income history. Um, you know, a lender isn't going to want to lend a 20 year old or 21 year old or a 22 year old $100,000 for a property unless they know that they're going to be able to pay it back. And most young people don't have you know…   Michael: I can't, I can't show my lunch money that I got from my parents' income. When I was in high school, that allowance doesn't count…   Dan: The allowance doesn't count, you know, gifts from grandma don't count all that stuff. So…   Michael: Alright, yeah. So what do most folks do?   Dan: Well, young people in the workbook I kind of lay out a plan of how you can look for the young person that doesn't go to college it becomes much easier you work full time for a couple years, hopefully in a good job. And depending on the value of the property you're looking to buy, that could be all you need to do. For some people, it could be as easy as graduating from college, and just getting that first job that is aligned with your major and you don't even have to work for very long after obtaining that job. They just want to see that you have a pay stub from the job that you were in school for, and then you're good to go. But the best loophole, which doesn't work for every young person is to have a parent cosign on the mortgage. So the bank looks at their income history and credit score if needed and the young person can get in to their that first property.   Michael: I love it. So it's interesting you mentioned the getting a job associate with your major my younger brother, actually shout out to you, Jeff went and did this, he graduated got a good paying job at the company I used to work for and then they told him yeah, you qualify for a mortgage because we will constitute your four year degree as a as basically earned, earned time, time and you're earning income. Yep. So he's like, sweet, awesome. So it's it's a pretty good life hack.   Dan: It is, it is for sure.   Michael: No, I love it. I love it. Dan, this has been so much fun man, I want to very respectful of your time. Where can people get your book? Where can they subscribe to your online community? And if you have additional questions want to reach out to you what's the best way for them to do so?   Dan: Sure and thanks, thanks for having me, Michael, this has been a blast. I can talk about this stuff for hours. Yeah, if you're interested in the book: First to a Million you can get it at, at BiggerPockets.com, which is the publisher. And if, if your listeners are familiar with real estate, they've probably been to that website a few times already, if not every day. They can also find it, they can also find it on Amazon and other places. The workbook right now is exclusively at BiggerPockets.com however until I think spring of 2020. To the community for young people. There's a free version and a paid version, I'll just transparency there but the free version has a ton of value. Just go to https://www.sheeksfreaks.com/ and there's a button that says: Join the community and it'll tell you all about it. And if people want to reach out to me, I prefer email: Dan@sheeksfreaks.com but you can also reach out to me, DM me on Instagram, that works too.   Michael: Awesome, Dan, this was great. So much valuable in you know, what you've been talking about in the book and the online community. I can't wait to see where you go from here. We'll definitely be in touch soon, man. Thanks again.   Dan: Thanks for having me, Michael. Thanks again.   Michael: Hey, my pleasure. Take care.   Alright, well, that was our episode, a big thank you to Dan for coming on. And just a big shout out to Dan for educating our young people and teachers in general for all the work that you all have done. If you liked the episode, please feel free to leave us a rating or review wherever it is you listen to episodes. And as always, we look forward to seeing the next one. Happy investing…

Nearly $92k in debt from student loans to self-made millionaire in 4 years & using the House Hacking investing strategy. *Here's the truth* if you can save & deploy about $20k, using the house hacking strategy you can become a millionaire in 6 - 10 years. You don't need a high salary or anything unusual.Hit the LIKE and SUBSCRIBE button for notifications! House hacking is a repeatable strategy and by remaining patient and persistent, you can build wealth. Craig Curelop, author of The House Hacking Strategy shares his journey from $90k+ in debt to becoming a millionaire and achieving financial freedom in 4 years. Here's the best part...YOU CAN DO IT TOO! In this episode, Craig shares the exact steps you need to take, a rinse and repeat strategy that can make you a millionaire.Make sure to hit the like & subscribe button to get notifications of future episodes!Learn more about host Craig Curelop:www.thefiteam.com  Instagram @theFIguy https://www.instagram.com/thefiguy/ https://www.facebook.com/craig.curelop/ABOUT RENTREDIRentRedi is an all-in-one property management software. RentRedi helps landlords manage tenants & properties, by providing services for every step of the landlord process including handling payments, finding the best tenants, lease signing, communications, maintenance, and more. What makes RentRedi unique? x RentRedi charges one low flat rate, no matter how many properties you own! x RentRedi is available on desktop and as an app, so you can manage properties on the go!x RentRedi offers 24/7, 5-star customer support, we're here to help! CHECK OUT RENTREDIhttps://rentredi.com/FOLLOW RENTREDIhttps://www.facebook.com/rentredi/https://www.instagram.com/rentrediofficial/?hl=enhttps://twitter.com/RentRedihttps://www.linkedin.com/company/rentredi/

IN THIS EPISODE YOU'LL LEARN:What is farmland investing.Why should you consider adding farmland to your portfolio.How farmland investing compares to other traditional investment classes like stocks and bonds.What are the typical returns for farmland investing.How COVID-19 has impacted agriculture technology, and what we can expect in the future.And much, much more!Episode ResourcesSUBSCRIBE to the TIP's Real Estate Investing Podcast.Get a FREE audiobook from Audible.Check out FarmTogether.Gary Keller's book The Millionaire Real Estate Investor.Chad Carson's book Retire Early with Real Estate.Dave Van Horn's book Real Estate Note Investing.Craig Curelop's book The House Hacking Strategy.Motley Fool's Guide to Farmland Investing.All of Robert's favorite books.Support our free podcast by supporting our sponsors.Save with a credit union that helps you build financial confidence with Navy Federal Credit Union.Make it simple to hire and manage remote employees across all 50 states with Justworks.Make your home safe with Simplisafe and get 40% off today. Indoor and outdoor cameras, comprehensive sensors, you name it.Now, not only the wealthy can afford collectibles! Enter Otis, an investment platform that makes it possible for almost anyone to invest in shares of cultural assets. Sign up now at withotis.com/TIP to get your first share for FREE!Impress your audience and yourself. Enjoy presentations for free with Canva.Get daily content from Robert on Instagram @therobertleonardRead this episode's transcript and full show notes on TIP: theinvestorspodcast.com/millennial-investingSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In this episode, we are joined by Craig Curelop, a real estate agent and investor based out of Denver, Colorado. Craig is also the author of The House Hacking Strategy book, which teaches the tricks that savvy investors have been using in the real estate industry to save thousands of dollars in monthly expenses as you build your financial independence. Starting off with a $90,000 student loan debt and -$30k net worth, Craig has worked his way up to become financially free in 2.5 years.  He shares his story in the episode and some strategies you can employ today to join the real estate and finance markets and start your journey to living for free!   In This Episode: [00:49] Craig's college life [02:05] The house hacking idea [07:43] How much do you need to get started? [10:36] Why aren't more people into house hacking? [14:55] House hacking strategies [19:55] The downside of sharing your space [23:58] Property purchase options [26:30] Airbnb rules [28:16] Craig's self-development journey [31:52] Motivated by money or freedom and time? [33:02] Money saving challenge [37:59] Automating your work [41:24] Best books to start your real estate or finance journey [43:54] Craig's daily routine [48:00] Only fans inquiry Notable Quotes You can invest wisely and create passive income. And that passive income is what creates financial independence. Keep keeping your expenses super low while you start making money.  If there's a book that I've heard of and I hear more than once, I'm 100% reading it. You won't be good if you're just motivated by money. But then, money allows for a lot of things. Airbnb doesn't want you to risk your safety to meet their law requirements.   Mentioned Resources Books Never Eat Alone by Keith Ferrazzi The Compound Effect by Darren Hardy The Four Hour Work Week by Tim Ferriss The Book On Rental Property Investing by Brandon Turner The Simple Path To Wealth by J.L Collins   Connect With Craig Curelop LinkedIn https://www.linkedin.com/in/craig-curelop-a6457242/  Instagram https://www.instagram.com/thefiguy/ 

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Craig Curelop is a Real Estate Agent and Investor. He is an Author of The House Hacking Strategy: How to Use Your Home to Achieve Financial Independence and Co-host of FI Team podcast. In this episode we talked about: - Craig's Bio & Background - House Hacking Strategy - Expansion of Craig's Real Estate Portfolio since 2017 - Working at BiggerPockets  - Real Estate Investing Strategies  - Writing a Real estate Book - Sourcing Deals - View On Current Market Environment - Short Term Rental Market Outlook - Financing Deals - The Advice to People who Consider Making a Career in Real Estate - Building a Team  - Mentorship, Resources and Lessons learned Useful links: https://thefiteam.podbean.com https://www.instagram.com/thefiguy/?hl=en Transcriptions:  Jesse (0s): Welcome to the working capital real estate podcast. My name is Jesper galley. And on this show, we discuss all things real estate with investors and experts in a variety of industries that impact real estate. Whether you're looking at your first investment or raising your first fund, join me and let's build that portfolio one square foot at a time. Ladies and gentlemen, my name is Jesper galley and you're listening to working capital the real estate podcast. Our special guest today is Craig . Craig is a real estate agent and investor. He is author of the host hacking strategy and co-host of FII team podcast, Craig, how's it going,   Craig (37s): Jesse? So good to be here today. I'm doing great. How   Jesse (40s): Are you? I'm doing awesome, man. I can't complain we're on the tail tail end or just, just pass Halloween. So I, for those that can't see us right now, we've got a couple of mustache here, but I feel like yours is for a Movember   Craig (53s): Mine's is just for life and his life. The lady, the lady loves the mustache, so we   Jesse (58s): Keep it. That's amazing. So it's just a lifestyle choice.   Craig (1m 1s): It's a lifestyle choice. Yeah, man. It's been like a year. I think it's, I'm almost, I'm approaching my one year mustache anniversary, so I love it. There should be a, there should be a celebration for that.   Jesse (1m 10s): Oh, I said we were just chatting. I have mine on, I meant to shave it off. I was afraid of mercury for Halloween and now I, and now we're in November, so I don't know what to do, dude. You   Craig (1m 18s): Look good. You should keep it.   Jesse (1m 21s): I appreciate it, man. Are you joining us today from, from Denver?   Craig (1m 25s): Yeah, I am here in Denver. Yeah. Been here four and a half years.   Jesse (1m 30s): Sweet. Well, thanks. Thanks so much for coming on the show. Really appreciate it. I think we'll have a great episode here. Talk a little bit about your background in real estate and love to get into house hacking and the book. But before we do, maybe what we could do is talk a little bit about how you got into real estate and bring us up to speed of what you're doing these days.   Craig (1m 52s): Yeah. So I got into real estate because a lot of people like a lot of people, I hated my job. And so I was actually working like a venture capital type role in Silicon valley, which sounds super sexy and super cool. And I was hanging out with mark, like I was hanging out with mark Zuckerberg and Elon Musk and all that, but that wasn't, that's not really the case. Right. I'm actually just like buried in spreadsheets, working hundreds of hours a week is what it felt like. And really just getting paid like an abysmal amount on an hourly rate. And I just kinda came to this conclusion that there's no way I wanted to do this for the rest of my life and what, like, what's the way to out.   What's an early way to retire. How do I achieve financial independence? And that's what kind of real estate came to mind through a lot of iterations I went through, I tried to do start my own startups, which was just horrible, horrible stuff. And then I was like, I don't need to be mark Zuckerberg or Steve jobs or anything like that. Right. I can just be a real estate investor. And so I found bigger pockets pretty quickly after this deciding I wanted to get into real estate just was absorbing absorb, absorb information for about six months. And then I was like, okay, I got to get out of Silicon valley. Cause I just can't afford anything here.   It doesn't seem like this whole house hacking thing really works in Silicon valley. So I actually moved to Denver, got a job at bigger pockets, which was like a dream come true. Started surrounding myself with real estate investors and people that were doing things that I wanted to do. And, you know, got my first property in that was April, 2017 or actually started June, 2017. I got my first property   Jesse (3m 21s): Right on. And that first property was that a, was that a house hacking proper property. And, and I guess before you answer that, maybe for listeners just to update people that don't know how sacking would, is it?   Craig (3m 33s): Yeah. So how's hacking is the idea that you buy a one to four unit property with a low percent down, typically three to 5% down. You have to live in it for a year. So if it's a single family house, you're living in a room, if it's a two to four unit, you're living in a unit and you rent out the parts that you're not living in, so that the rent covers your mortgage and you're able to live for free or at least drastically reduce your housing expense. And because your housing expenses probably your largest expense, you're actually able to save a lot more money. So you can go ahead and buy the next investment.   And so that's what I did on that first property. I purchased a duplex. This was before anybody really knew about the rent by the room strategies before that was popular. So the only way to house at this time in my head was to buy a duplex live in one side, rent out the other. So it was an uptown duplex. I lived in the bottom, rented out the top and I wasn't quite covered my mortgage. And I was like determined to cover my mortgage. It would have been a great house either way, but I was determined to cover my mortgage. So I Airbnb it out my bedroom and put up this like cardboard box room divider thing, slept on a futon and made that where I slept for one year.   And that was my 24 year old hustle self.   Jesse (4m 47s): So that, that is a pure house hack right there. So in terms of the, the uptown, was it already, was it already converted to the ability to have a walkout? What did that?   Craig (4m 58s): Yeah, it was totally turnkey. And so with house hacking, I firmly believe, and I stand by this. I was like this to the grave. Is that a turnkey property? That in by Turkey, I just mean the rehab is totally completed for you is much better than doing a rehab when you're doing the house. Heck because with house hacking, right, the, the magic is buying one every single year on the year and your year does not start until you close on that first property. And so let's say you close today's November 1st, let's say close today, November 1st.   I can't buy another one until November 1st of next year, but if I'm doing a rehab, that means I am spending more money. I am not getting money from my tenants. And that may push me back if I have to save another 20 or 30 grand to get the house hack on November 1st. So who cares if I have an extra 30,000 of equity in my house, which I can't use, I need 30,000 in my pocket, which I can go buy the next house for.   Jesse (5m 52s): And the one year is that, is that a financing thing? Is that just a strategic thing?   Craig (5m 57s): Yeah, that's a financing thing. So in order to get those low down payment loans, the three to 5%   Jesse (6m 1s): Down the bank says, you need to live there for at least one year. So yeah. Yeah. I find, I find too, there's a, depending on kind of the weather American Canadian, depending on which state you're in, I know that the ability to move in or displace a tenant oftentimes has a one-year horizon on it that they want you living there for one year. But to your point, yeah. In terms of finance, I think most areas you're going to get that lower financing. When you can say that you're personally moving into the, to the property in terms of the, so, so you start with, you start with that property, how, and that was a 2017, you   Craig (6m 37s): Said 2017.   Jesse (6m 38s): So from 2017 to where we're at right now, a couple of things have changed in the market. You know, some minor things in terms of how you kind of grew the portfolio. If you have from then to now, what does that look like?   Craig (6m 52s): Yeah. So the growth at first, it's really slow because you just don't have a lot of money, right? Like, you know, I remember on that first one, I pretty much depleted almost my entire savings and maybe had like 10 grand left and I needed to save up another 20 or so grand and get the next house hack. And you know, at that time I was maybe saving $2,000 a month. So it was like gonna take me probably a whole year to save up for the next house. Heck. So what I was doing, you know, I call it the lull period in between house hacks where there's really not much you can do. I mean, if you want to be a real estate hustler and start wholesaling and flipping, you could get into that, but I wasn't really interested in those things.   So I just doubled down at my work. I was working at BiggerPockets at the time, doubled down on my work there. I actually asked Scott who Scott trench to see yogurt buckets, basically, how can I make more money here? And I was able to, he actually gave me an opportunity and we created a pathway together to where I could make more money at my, at my W2 job. I was doing Airbnb arbitrage. I was throwing out my car. I was basically just figuring out any possible way that I can make some more money because I want to hit financial independence as early as possible, like so badly because I hated that feeling of being stuck.   Jesse (8m 4s): Yeah. Yeah. It's great. It's looking for different or different streams of income. And for those that don't know, like Turo Turo is great. It's a, it's basically an Airbnb for your card and I'm pretty sure they're in every major market, but so it sounds like, it sounds like for you, it wasn't so much the flipping and the fact that you're going to run a business, you wanted more so passive income and, and longer term, longer term growth.   Craig (8m 25s): That's right. Yeah. I was, I mean, maybe I was scared honestly. Like I didn't want to handle hard money. I was in Denver. Right. So buying a house for 400 grand hard money on that, it's going to be like 50 grand. And I was like only about 20 grand. Right. And then you still got to put 20% down. So it became such a high effort thing that like, I wouldn't be able to do that and have my W2 job. And I really loved my W2 job at the time. Like I was hanging out at BiggerPockets, we were talking real estate network was growing. I had a lot of opportunity at BiggerPockets.   So I was like, just, that is my number one focus. So   Jesse (8m 59s): At the time, what were you doing at BiggerPockets?   Craig (9m 2s): So I was their finance guy. So I say the finance guy, because I was the only person on the finance team at the time. And so basically like doing all their books, running the numbers, making reports for management and stuff to look at. So I, at one point I knew pretty much every number that BiggerPockets had, but unfortunately I don't have that anymore. So my numbers are probably three years expired.   Jesse (9m 26s): Okay. Fair enough. And you've moved at sounds like you've moved from BiggerPockets to another W2 job or are you investing full time?   Craig (9m 35s): No, so yeah, I knew that BiggerPockets is going to be my last w two jobs. And so my, yeah, so I figured pockets. I basically had done three house hacks. So over the course of about three years, I did three house hacks and I felt like I was financially independent, but I wasn't sure. And so the way I test it was I took a zero paycheck and maxed out my 401k. So like my entire paycheck for three months was going to my 401k and I figured, Hey, if at the end of three months, my checking account is higher. I'm financially free.   And if not, well, then I'm pretty darn close. And I just, I just maxed out my 401k. And so lo and behold, it was a lot bigger and I was like, I can, I think I can make it on my own. And so pretty much a month after that, at the end of January of 2020, I quit BiggerPockets and went full-time as a real estate agent, helping people, coach guide and mentor people, helping coach guide and mentor those who want to house hack.   Jesse (10m 32s): Fair enough. So in terms of the, the host hacking itself, so you, you move on to that anniversary, you move in purchasing another property. How sack of that property, what are you doing with the former property in terms of whether you're selling refinancing? What does that look like?   Craig (10m 46s): I don't do anything. I just move out and I put someone else in my place. So just rent it out. I did refinance my first two properties because interest rates were so low this past year in 2021. And so it made a lot of sense. I think I reduced my monthly payment by like, like a total of a thousand dollars over the course of two properties. So easy way to boost your cashflow. And so, so yeah,   Jesse (11m 9s): Yeah, absolutely. Absolutely. But in terms of the, cause the Denver market, it's not the cheapest market in the world. So in terms of you were still able to cashflow, even when you're, you're moving out of these properties with, with the down payment as low as it was.   Craig (11m 24s): Oh yeah. So on that first property, my, my mortgage payment before I refinanced was 22, 2300, I was getting 1650 for the upstairs and 1300 for the downstairs. So my rent was 29 50 and my mortgage payment was about 2300. So six 50 over the mortgage, of course there's reserves and all that kind of stuff, but it was a newer property. So there wasn't a whole lot of maintenance and stuff. It wasn't a great location, so not a whole lot of vacancy. And you know, maybe you put reserves for two or $300 a month and it's still cashflows $300.   And it's in a great area. It's appreciated like probably 200 over 200 grand now in just a few years. So like great property now, since I've refinanced it and rents have gone up this year in 2021, you know, it's, I think I'm making a little over $3,000 on the rent and my mortgage payment is only like 1700 or maybe 1800. And so, you know, now it's closer to a thousand dollars of cashflow on the property and then yeah, same, same thing, same thing as it goes like each one, probably each property that I have in Denver cashflows about a thousand dollars a month.   Jesse (12m 33s): That's great. So being the numbers guy, when you look at these properties specifically on the host hacking side of things, is there an approach that you take that might differ from, from other investors or other investments?   Craig (12m 46s): Yeah. So when you're house hacking, you want to fit, you want to have multiple strategies that you can do, or at least I like having multiple strategies. And what I mean by that is, you know, if you've got a duplex, can you rent it out? Each unit like traditionally and still cashflow, it may not be your best cashflow, but can you still do it? Can you Airbnb it? Can you rent it by the room? How does the layout work? Can you, you know, in a single family house, can you split the upstairs and the downstairs or, you know, the left side from the right side and make two different units out of it. And so properties like that are the ones that we really like.   I pretty much in Denver now, I pretty much only buy single family houses that we could easily convert it to duplexes just based on the layout. And that way, you know, you're getting the house at a single family price in a single family type neighborhood. He renting it out as two separate units that are actually would get you higher rent than you would have to duplex because it's in a nicer area, it's a nicer house. And so the numbers work really well in places like,   Jesse (13m 41s): Yeah, no, that makes sense. And you kind of moved into, I guess, writing with the house hacking strategy. How did that come about? What was that process like?   Craig (13m 52s): Yeah. So writing has, you know, the miracle morning. I do. Yeah. Great. But yeah. Great. So amazing. Both of you haven't read that book. You need to read it a life-changing book, but ever since I started doing that, I started to write every morning and I think he had Ellen Rogers who wrote the book meant means like journaling, but I just enjoy actually just like writing content in the morning. And so basically I write every morning and I was writing blog after blog, after blog for bigger pockets. I think I have probably close to 60 blog posts on bigger pockets. And so they asked me, Hey, do you want to write this book on how second you can?   I was like, hell yeah, I do. And so I, you know, basically instead of writing the blog post every morning, I would just take a stab and write a piece of the book every morning. And after about a hundred days, I had a first draft of a book. And then, you know, for a few months later after the edits and stuff like that, it got published. And that was definitely a, an inflection point in my life.   Jesse (14m 43s): Yeah. I'm always fascinated as listeners probably know of the, the process, the, the, the writing process. We had Chad Carson, coach Carson on the show, by the time you're listening to this, that episode probably has aired. He was talking about the same thing. It was basically from blog to multiple blogs to book. It seems like a strategy that a lot of writers, especially in our space use, as well as, you know, on the other side of, for the individuals that maybe writing isn't isn't their passion, or it's just something that's that doesn't come easily easily to them.   I found that some, some people put content out audio and then basically transcript the audio and then kind of edit from there. But yeah, it's, it sounds like you were the former on that.   Craig (15m 24s): Yeah, no, I, I genuinely like to like touch the keyboard, which is weird, I guess, but like, I like to like make that thing go and yeah, it doesn't take long, you know, if you can just sit yourself, I mean, there's a word counter right on the bottom left, like a Microsoft word document. So I would just be like, I'm not, I'm not leaving this computer until a thousand words richer or whatever you want to call it.   Jesse (15m 43s): And for those that are interested, we'll put a link up for where you can reach out and where you can get the book. But in terms of the, the framework of the book, did you, I mean, obviously you, you wrote through blogs, but in terms of the framework itself, did that change from when you initially wrote it and you know, how did you approach that?   Craig (16m 1s): Yeah. So when you're running a book, it's all about the outline. Like you should spend half the time of half the total time writing the book on the outline, because that is the most important part. If you got the outline, good, the book will just write itself. Right. And so it's almost like almost, you just keep expanding, expanding its spending on the outline until it becomes the book and then you have to go back and, and make it flow. And so really it was just a mixture of yeah. Having a solid outline. Also, I took a lot of my blog posts and just kind of repurposed them a little bit for the book because I mean, a lot of my information is out in the world somewhere.   That's the great thing about a book, because you can even sit into one little thing. And so, and so, yeah, I mean, that was pretty much the process, you know, outline, outline, outline. And then after I had a thorough outline and I went over it with bigger pockets, I just, just started writing a thousand words a day. Every day. You had a, before you had a book.   Jesse (16m 55s): No, that makes sense. So in terms of the, you know, one of the biggest things right now that we're seeing in our market is it continues to be a lot of capital chasing fewer and fewer deals. And it just seems that deals are harder and harder to find where, you know, it's usually one or the other. And in times where there's a lot of deals out there, it's usually financing is harder to find. So in this environment, for those, whether they're looking for longer term properties or looking specifically to do house hacking, what's your approach for sourcing deals and you know, what do you tell clients and investors that you coach?   Craig (17m 28s): And so we get almost all of our deals on MLS and how second is kind of a different beast, right? And the reason for that is you don't need to get a property, super undervalued, add value to it and refinance it, right? The magic is just like slowly collecting rental properties with a low percent down. So you can buy a $600,000 property here in Denver and you're putting 5% down. That's 30 grand, right? And so you've gotten this, you have this property for 30 grand. You have to make the deal work by creatively trying to figure out ways, right? So we've got a lot of people that like to Airbnb, a lot of people that do rent by the room, we've we teach people how to do these split things that, that I like to do.   And those almost always cashflow, right? It may not be a thousand dollars a month at first, but over time, rents are going to increase. You're going to be paying more of your mortgage payment down. Maybe you can refinance to a lower rate. You can take off your PMI and you figure out ways to increase your cashflow over the course of five, seven years. And you know, that that's, the play is the long-term buy and hold. So that's why the MLS works is because again, we don't, we're not trying to like add a whole bunch of value and refinance it, deployed money back out. We're just okay with letting the $30,000 in and keeping it in there.   Jesse (18m 38s): Yeah. And it kind of sounds similar to what we do on the commercial real estate side. We always find that the owner occupier is the one that can pay the highest price for the, for the property because of the, the economies that they have, or the fact that because they're operating out of there. So I guess in a similar way, the person that is house hacking, maybe, you know, not that you're going to pay more than you should, but you probably can be more competitive than somebody that's purely going in there to rent it out.   Craig (19m 2s): Yep, exactly. Right. You can, you can. Yeah, exactly. You can pay more because again, like you're going to be thinking about your competition because the, the, the market's competitive. Right. And if your competition is a lot of it is like home buyers, it's probably more so than house hackers. And so as a house hacker, you can pay more because you're already offsetting your mortgage payment with rents. And so sure, like, what's the difference of like a $50,000 difference is like $250 on your mortgage. Right. It's significant, but it shouldn't be life-changing.   And that $250, you're going to make that back in a month with appreciation. Right. So like, it doesn't even like the price almost doesn't even matter, but make sure you run the numbers and it makes sense, but like with how exactly, I've just never heard anybody lose. Like, and I know a lot of house hackers.   Jesse (19m 50s): Yeah. No, it makes sense. I mean, especially that you're in the property, are there properties that you basically try to avoid or properties that, you know, comparing two properties, say one, like you said, that needs, needs renovations or needs capital improvements. Do you try to avoid those? And, and also just kind of on the same, on the same wavelength when it comes to properties that, you know, you can put a walkout in that doesn't currently have one that would be perfect and create a house hacking property. Is that something you also would look at when you're, when you're looking at properties?   Craig (20m 23s): Yeah. So we like to look at, so creating a walkout can be very hard if the house, like, you know, if the basement isn't already at like our level. So we try to find a house where the stairs to go, like stairs to go from the main level to downstairs is right by maybe a back door or garage door. So you can just kind of wall off where, you know, the backdoor meets the upstairs. And then the, so then just, so when you walk in the back door, it's just, you go down the steps.   And so that those lamps are the ones that we really like, and there's a ton of them in Denver. So that's what tends to really work. I think you had another question, but I forgot what you asked   Jesse (21m 4s): In terms of the, just other capital improvements. Are there, are there certain properties that you, you try to avoid when it comes to, you know, when it comes to spending a certain amount of money to get it to where you need it to be? Okay.   Craig (21m 16s): Yeah. So again, I like the layout to be, like I said, right where the, the less amount of work I have to do the better. So if I have to like dig a separate entrance, like that's a lot of work, expensive egress windows can be very expensive and they've gone up in price in my market when I was putting them in like a couple of years ago, it was 3,500. Now it's close to $5,000 for a regressed window. And so if, if egos windows are already in there, that is really helpful. If there's some sort of plumbing fucked up to the downstairs, we can hook up a kitchen fairly easily.   That's really nice. And so, yeah, those are all the things that I kind of look for. There's nothing that I, I like nothing in particular that I wouldn't do, but if it's like, not even like it, but I wouldn't like force a house to make it a house hack. If the layout doesn't work and all that, like, there's, there's plenty of houses where the way it does work.   Jesse (22m 5s): Yeah. Fair enough. So just shifting gears in terms of where we're at in the market right now, I know that, you know, as you mentioned, you, you write a bunch of blogs. I've seen different posts that you've had. I'm curious to get your thoughts on the current market environment that we're in. Obviously, you know, there's been lockdowns for a few years, almost two years now, if not, yeah. Over we're coming into it right now to two years in terms of how that's affected, if it has at all, the way that you're viewing the real estate market. And is it informing decisions that you're making today?   Craig (22m 37s): Yeah, that's a good question. So, so COVID was probably the best thing that ever happened to me from a, it from a financial standpoint, which maybe I'm, I think I'm one of the few, because when everything's shut down in April and may of 2020 is right. When I basically started my real estate agent business and no one was doing showings. Right. And it was super competitive before that, but no one was doing showings and Denver never really shut it down. Like they never made it. So you couldn't schedule it. Like there were some markets where you couldn't schedule it Denver, you can still schedule it.   And I was talking to like my buyers and I was like, well, no one else is looking right now showing percentages, showing times like showing rate is down 88%. So I swear we're probably the only ones even looking and the seller wants to sell and you want to buy, so if you're cool with it, like I'm cool with it. Let's just go and it will be, you know, six feet apart wear the mask, whatever, like, you know, and, and so we did that and we were for like a few months there, every offer that we were putting out there was getting accepted and it was at asking price. And it was like, it was even below asking price, which was like beautiful for them, for the buyers.   Obviously that was only a short window. And then as things started to heat up again towards the end of last summer, and then all through winter 20, 20, 20, 21, and throughout 2021, things got started really heating up and getting really, really competitive. And that's where house hacking comes into play. Right. Because it's like, Hey, not only were the price is going up, but rents were also going up as well. But we were saying like, okay, let's just analyze the deal, right? Like it's listed for 500,000, can you pay five 50 for it? Like, this is what your mortgage payment would be.   This is what you'll get in rent. You're still going to be making over a thousand dollars a month, like who cares what the listing price is and how much over we have to go. Then the only downside was the appraisal gap coverage, right. Where, you know, for the listeners that may not know is if the appraisal is, comes in lower than the purchase price, someone's got to make up that difference in cash buyer or seller or combination of the two. We kind of had a, a way around that as well. And so should I get into that or please do so, so one thing that we did a lot of was we would set the inspection.   So we would set the inspection for maybe seven to 10 days out. So let's say, you know, you're under contract on November. First inspection would be November 10th. We would then immediately call the lender and get a rush appraisal to be done like that same, the same week. So we're reporting this on a Monday, the appraisal would be backed by Friday before the inspection deadline. If the appraisal comes back super low, we can still back out because of the inspection. So we were able to fully waive the appraisal while still having to be able to back out on the inspection. And that was a strategy that I think a lot of, well, maybe we were the only ones to do it, but I'm sure we're not the only ones to do that strategy, but that worked really well for us in terms of getting deals in our contracts, getting deals done and making sure both parties were very happy.   Jesse (25m 33s): No, fair enough. And in terms of the short-term rental space. So I think you've, you've written blogs on this in terms of that area of the business, you know, how has, how do you see that market given everything that's transpired over the past year and a half, two years? And do you think, do you think it's a S it's a space that is going to be coming back? If it has an already   Craig (25m 55s): It's already come back and it's tough. It's like, it's doubled since, but it was, so I had a whole bunch of short term rentals. I was one of the scared ones that shut, shut everything down and turn into long-term rentals during COVID. And I think a lot of people did that. So the supply and demand just wasn't there. So then as more and more Airbnbs came on and we started air, like our clients started being, they were just crushing. It they're like, dude, I like you told me I was going to make like 3000 a month. I'm making 5,000 a month, like, like the are conservative numbers. Like they were blowing our numbers out of the water, which was great.   Like, I would much rather have people be happier in that regard. But, you know, as, as, as, as far as where it's going to go, like, I don't have a crystal ball. I don't know. That's why I always say like, Airbnb can be your plan a right. And that could be the way you make your most money, but like, make sure you have a plan B that also cashflows, even if it's only a hundred bucks over the mortgage, just so you can hold it, hold it through this recession or whatever, because, you know, when, when, whenever this recession hits that we're going to have at some point, right? Like the first thing that's going to go is recreational travel business travel is probably going to be a lot less, especially with zoom and all of these things that have come to fruition through COVID and there's going to be a lot less reasons for people to travel and want to travel.   And so if the Airbnb, I mean, at the end of the day, Airbnb hasn't even gone. Hasn't even made it through a recession yet the company Airbnb. Right. So we don't even know how they would handle it. So just to have that, have that like backup plan, I think it's super important.   Jesse (27m 24s): Yeah. In terms of the actual financing of deals, obviously you're doing a particular strategy and niche when it comes to the house hacking, but generally speaking, do you have a, a certain methodology or philosophy about how you handle the debt side of your business?   Craig (27m 41s): So I, I personally am trying to get as many, as many Fannie Freddie loans as I possibly can, because we all know that's the cheapest and that's the best kind of debt you can have. I think you're allowed to have up to 10 Fannie Freddie type loans. Once you've maxed out at your 10, you know, then you have to start thinking about other creative ways. And so right now, I think I'm at like seven or eight, I'm going to probably be at 10 by early next year, but I'm fine with that.   Like, I kind of just want to exhaust my 10 because now I'm going into like more commercial real estate investing, triple net, lease side stuff and all that. And that's where I see the future of my real estate investing going. But yeah,   Jesse (28m 24s): No, that makes sense. I want to kind of shift a little bit to something we talked about at the beginning. So your W2 job, or, you know, your, your normal kind of day to day job. You're not dissimilar to a lot of people that we have on the show that make the jump into full-time investment for people that are looking to get into real estate or people that are into real estate. And they're coming up to what, you know, you had an inflection point, you know, what do you, what, what would you say to those individuals in terms of actually kind of leaving the, the day job and you know, what seems like a pretty, and it is a scary, scary move, you know, what, what are your thoughts on that?   Craig (28m 59s): I mean, it's uncomfortable doing so, right. But think about it this way is that your worst case scenario is the scenario you're in right now, right? Your worst case scenario is as you quit, you maybe lose $5,000 on an experiment of trying to, you know, do something for yourself. And then you have to go back and get another job. Right? Like that that's really a hardest. And so if you can kind of just like, look at it as an experiment and look at it, like nothing is permanent, just because you say you quit, it doesn't mean you have to quit forever.   Right. And also, I like the idea that, yeah, you've got enough rental property, passive income to support at least your basic living expenses so that you have enough runway. So that it's, it's not, you know, it's not an issue, you know? Yeah. So   Jesse (29m 44s): For you, it wasn't, it wasn't like a burn, the boats thing where you just absolutely, you know, drop it and say, I'm going to start buying real estate. It was buy real estate, figure out what that number is to make it, make it at least somewhat more comfortable to make, to do that transition. Do I have that right?   Craig (29m 59s): Yeah. Yep. Is that right? Right. I mean, I think for me, I had like $3,000 of passive income and I was like, I'm a single dude. Like I can live off of that as long as I say frugal. And then once you become your entrepreneurial self, you can make a million times more than you ever could have W2. And that will just funnel you're, you know, getting more financially independent or, you know, more fat financially independent, or however you want to call it.   Jesse (30m 22s): No. Fair enough. So in terms of the, you know, you mentioned you, you did get licensed, so as a licensed realtor, you kind of moved into that space, the fit team. Is that, is that on the investing side or is that the, is that on the broker agenda things?   Craig (30m 36s): Yeah, so I ended up being like so busy last year that I either had to quit or start a team. So we started a team. We, we got a team about 1520 agents now that are all house hackers, all investors, at least on the investment side. And so we help coach guide, mentor people through that process of house hacking. We've got pretty much everything you need in terms of, you know, relationships with vendors, leases, calculators, like we'll walk you through the entire process if you need us to just because that process is so scary to like the first person putting their, like 30 of the $40,000, they've saved up for their whole life into one house.   It makes you feel better when you've got a whole team of people with, you know, hundreds of deals under their belt, kind of guiding you through that.   Jesse (31m 23s): Yeah, for sure. And I mean, in terms of the team itself, the, the team that you built out and the coaching that you have, was that something that happened, it seems like you, you had the demand. So you built out the team for those that are building their own team w with real estate, whether it's sourcing real estate, trying to get property managers, what are your recommendations? Kind of some of the stuff that you've found that were helpful to you when you were starting out and you're buying these first few properties,   Craig (31m 52s): I I'd say like, just document your systems as best as you can. Loom is something that I use a lot. So I'm sure people know about it by now, it's a screen recording thing. It's a plug-in on Chrome and anything you do that is repetitive, you should be looming it. Right. And you save it somewhere so that someone else can do it. Right. So, so these days I'm doing very few. I really don't do any showings. I really don't do any contract writing. I've got the team that does that and they can ramp up so easily without asking me hardly any questions, because I literally have videos and videos and templates and samples of all of that.   Right. So we can onboard a new agent pretty quickly and they're up and running very quickly. And the questions they asked me are like high level questions that they should be asking me. And so I can stay kind of in my 20%, which is know content creation coming on, podcasts like this, right. Doing stuff like that to just to just grow the, grow the brand.   Jesse (32m 46s): Yeah. That's great. I love the loom. And it's funny now, like two years or a year and a half after everything, that's, that's really been going on in the world. It's nice that we have zoom, loom, Skype, where you can actually, you know, when you're hiring something, somebody just the other day, my partner and I were like, okay, we can give instructions to this person. Or we could just record the call, the onboarding call. And then, you know, they, he, or she has a reference.   Craig (33m 7s): Yeah. It's, it's so amazing. Like, and I think it's way easier. Like the old fashioned, like paper trail documents, like your type every step-by-step. We have a little bit of that, but the loons are just so much easier and so much better too. Like it's a picture is worth a thousand words. Right. So video's worth like a million.   Jesse (33m 24s): Yeah, no, a hundred percent. A 100%. And then you ha it's, it's more dynamic, right? Yeah. You can have somebody in real time asking you questions and then solve it, solve it right there. Awesome. Well, we have, we've got four questions that we ask every guest that comes on the show and want to be mindful of the time here. But before we get to that, in terms of the coaching that you have for people to reach out we're where can they find find you? And, you know, what's the best route for them to, to take on.   Craig (33m 51s): Yeah. So, you know, we've got our podcast, the fight team podcast is actually being rebranded here shortly. So we're going to come up with a new name, so be on the lookout for that. And then, you know, if you're, if you're in the Denver area or you need a real estate investor from the real estate, Adrian, the fight team.com is where you can find us. And I'm also on Instagram. If you want to just kind of check out my stuff at the fire guy.   Jesse (34m 12s): Absolutely. We'll put a link to everything in the show notes, but yeah, let's go to the final four here. If you're, if you're ready to go, I'll send them your way. Let's do it. Okay. What's something, you know, now in your career, it can be real estate or business that you wish you knew when you first started out.   Craig (34m 30s): I wish I knew the who, not how concept have you heard of, you know, that mother basically. Yeah. That whole thing of why stay in, what do you do best in stay in your zone of what you do best at anything. You don't do good. Hire someone to do it for you. Cause they're not only going to do it better, quicker and probably cheaper, but it's going to also grow your business much faster and you're going to be happier.   Jesse (34m 56s): Yeah. I can't, I can't recommend that book enough when we were at the BP con BiggerPockets conference in new Orleans, I was think Dan Sullivan is the author awesome book. It's it really is. It really changes the way you look at things because for so long, we're taught, you know, if you, if you get somebody to collaborate with you, if you give somebody a task that you're, you know, you're cheating in school. Right. But really the idea of find, find out who's the best person to do that. And it should be, should it be taking up your bandwidth or not? Yep. Love that.   Awesome. All right. Number two here. What is a, a book that you seem to constantly be recommending and we'll put the who not, how on put that aside for a second or podcast that you, that you keep recommending?   Craig (35m 40s): I guess the miracle morning doesn't count either. Cause he already mentioned that one, definitely the miracle morning and who knows how or applied my tattoo a podcast, obviously there's a bigger pockets podcast. That one is kind of a no brainer. Can I just depends on where you are in your journey. But I think like for, for fundamental business books, miracle morning changed my life. Who knows how it changed my life. And also the E-Myth is, is really, really good if you're thinking about growing a business and long people wanting to step away someday.   Jesse (36m 9s): That's great. We'll put links up to those as well. In terms of people that are getting into the industry, people that are, whether it's through brokerage or looking from the investor's lens, what would you tell them in today's market? And just generally your thoughts on mentorship?   Craig (36m 27s): My thoughts. So, so in terms of the market today, I think like you have to just like keep buying no matter what the market's doing, because timing the market is like been known to be fail failure right now, known to fail. So just dollar cost, average it by one a year with the course of 10 years and you'll buy it the highest you'll buy it. The lowest in terms of mentorship and stuff. I think you really, I hate that term mentor. I hate when someone asks me to be their mentor, I kinda just wanna be your friend, right? Like I'll be friends with almost anybody, as long as you're, we've got the same values, the same morals, and we're kind of on the same page.   So just like go to meetups and just start talking to people, right. And then follow up with them and grab a coffee with them and grab dinner with them and go on a hike with them. And before you know it you're, you've got a friend and maybe they're more experienced than you. Then they become your mentor. Right. They're going to naturally just give you advice. They're going to want to help you. And so that's like my favorite way to mentorship is just becoming friends with people that are both above you. So you can be the mentee and below you. So you can be the mentor.   Jesse (37m 25s): That makes sense. All right. The last one, Craig, first car make and model.   Craig (37m 30s): Oh man. He tried to get to my bank accounts. It's a 2002 Dodge. Intrepid was my first car   Jesse (37m 38s): Right on. And I said, that's not the one you put on Turo.   Craig (37m 41s): No, no. The one I put on Turo was a Toyota Prius, which got smashed up. But yeah, that's a fun, fun story. Maybe we'll dive into it real quick. I think I lost you on the yeah.   Jesse (37m 57s): Okay. Yeah, no, you can get into it. Cause I know you put a, you put a blog out as well about, about just different income streams I think. And Turo was a Toro was definitely one of them I believe.   Craig (38m 8s): Yeah. So yeah, back in the day, Touro was a street, was an income stream that I had to kind of while I was at bigger pockets and I could fight to work. And so basically I, I was proud of myself. I read, never split the difference by Chris Boston negotiating book. And I was able to negotiate the price of that car from 12,500 down to 10,000. So I bought the car for 10,000. I Ubered it for awhile. I toll road for awhile. The car probably made me about $10,000 over the course of two years. And then someone crashed on Turo. The Touro com whatever the company has, some insurance policy where they actually paid me out like 11,500 for it.   I ended up like getting more than I ever paid for it initially after, you know, however many miles later. And then I bought a crappy car for like 50, for like five grand and kept the six grand and invested in real estate. So   Jesse (38m 57s): There you go. Always, always on the move. Awesome. All right. Well, we'll put links up to, to everything that we talked about here. And just for those that, you know, I know you have a presence on Instagram as well. Could you just let us know the handle for that as well?   Craig (39m 11s): Yup. It's a, the fire guy. So like the financial independence guy.   Jesse (39m 17s): Awesome. My guest today has been Craig Kurloff Craig. Thanks for being part of working capital.   Craig (39m 21s): Thanks for having me on Jesse. Appreciate you.   Jesse (39m 31s): Thank you so much for listening to working capital the real estate podcast. I'm your host, Jesse for galley. If you liked the episode, head on to iTunes and leave us a five star review and share on social media, it really helps us out. If you have any questions, feel free to reach out to me on Instagram, Jesse for galley, F R a G a L E, have a good one. Take care.  

Craig Curelop is the FI (financial independence) guy and author of The House Hacking Strategy from BiggerPockets. Curious about designing his lifestyle around passive income, he dove deep into learning about real estate through BiggerPockets, watching webinars, and reading books. Six months later, he ended up working at BiggerPockets under contract for his first house hack. In this episode, Craig shares how to play to win and reach financial independence. He teaches how the house hacking strategy gets you passive income, why real estate is the perfect hedge for inflation, and how the process of vetting works to make sure you have the right tenants. Reference Links The House Hacking Strategy https://www.amazon.com/gp/product/B07YJ13417 BiggerPockets https://www.biggerpockets.com/ GoBundance https://www.gobundance.com/

Craig The FI Guy joins the show today to share his amazing house hacking journey and how that has led him to become financially independent in less than 5 years! He's also got a great book on the topic, it's called The House Hacking Strategy. Start Investing Today With M1 Finance: ($50 Bonus Offer) M1 Finance is giving you $50 for opening an investment account and funding it with $100. That's a 50% Return On Investment Instantly!!! Just Sign Up With This Link: GET $50 We Also Discuss - What Is House Hacking? - Why House Hacking Is The Fastest Path To FI - How You Can Get Started Please Subscribe & Leave A Review More Resources - The FI Team Find More Episodes At InspiretoFIRE.com/Podcast These notes may contain affiliate links, which means I receive commissions if you choose to purchase through links I provide (at no extra cost to you). Thank you for supporting my work! Disclaimer: This is not tax, investment, or financial advice. This is a podcast meant to entertain. None of what is said should be taken as financial advice. Please consult your own advisors regarding your own matters. --- Send in a voice message: https://anchor.fm/inspire-to-fire/message Support this podcast: https://anchor.fm/inspire-to-fire/support

CHANGING THE GAME Through Real EstateEpisode 3:Today we were lucky to have on Craig Curelop Realtor, Investor, and author of The House Hacking Strategy. Craig shares  his story on how he got started in real estate from house hacking to achieving Financial Freedom. The house house hacking strategy can be found on bigger pockets or amazon!Instagram: thefiguy*****DISCLAIMER****I AM NOT A CPA, ATTORNEY, INSURANCE, CONTRACTOR, LENDER, OR FINANCIAL ADVISOR. THE CONTENT IN THESE  VIDEOS SHALL NOT BE CONSTRUED AS TAX, LEGAL,INSURANCE, CONSTRUCTION, ENGINEERING, HEALTH OR SAFETY, ELECTRICAL, FINANCIAL ADVICE, OR OTHER AND MAY BE OUTDATED OR INACCURATE; IT IS YOUR RESPONSIBILITY TO VERIFY ALL INFORMATION YOURSELF. THIS IS A PODCAST AND YOUTUBE VIDEO FOR ENTERTAINMENT PURPOSES ONLYFEATURING: King Reynard (@kingreynard11) FEATURING King Reynard

Value-added house hacking is a great strategy that is often ignored by people. It needs a keen eye and a larger budget which most new investors don't have. Nick and Sam started dating in their teenage years. They were still living with their parents when Nick started to think about the future and fell in love with the idea of house hacking. He started reading books and listening to podcasts which made him feel more confident about house hacking. However, Sam wasn't too fond of the idea and often had reservations towards it even when Nick managed to convince her to try and house hack.They lived in their parent's basement and started saving money. However, feeling unsatisfied with their current work-life, they decided to leave their high-paying jobs and truly focus on house hacking. Nick and Sam had the hobby to talk things out and plan their actions while lying on the couch. This helped them realize that value-added house hacking would be the way for them. Adding value to a property might need a bigger investment but the returns would also increase. Imagine buying a property with one bed, one bath and converting it to three beds, two baths. If you rent by the room, you could easily earn hundred dollars as extra and more if you Airbnb. It will also increase your chances of getting tenants with the additional facilities.Podcast Episode 57Show sponsors: Rentometer - Rentometer lets you analyze rent on your property!RentRedi - Manage your property with this property management software. Use code "SUCCESS" to get 50% off!!Instagram:@nick_riccio_@samanthalriccio@eaglehillhomesInstagram: @househackingsuccesshousehackingsuccess.comClick here to download our FREE eBookThe House Hacking Success Course

Today, Craig Curelop, author of The House Hacking Strategy, shares 4 lessons he learned from hearing Rob O'Neill speak at a conference. Rob O'Neill is a former United States Navy SEAL and credited with the kill shot for Osama bin Laden. Craig applies the same rules Rob O'Neill follows to real estate. This is a valuable episode for anyone! /// Learn more about host Craig Curelop -  www.thefiteam.com// Instagram @theFIguy ///// Check out RentRedi http://www.RentRedi.com  --> RentRedi.com // Watch the episode on YouTube --> https://www.youtube.com/c/RentRedi 

Do you feel as if your outlook on life is different than your friends or family? You are not alone. In today's episode, Craig Curelop, author of The House Hacking Strategy, talks about why it's perfectly normal to feel alone on your path to building wealth through real estate. Using real estate to build wealth isn't a common path, and Craig encourages you to find and learn from people who have done it successfully, instead of listening to conventional advice. He also talks about why staying true to your path to Financial Independence is important, especially for hitting big goals over time! /// Learn more about host Craig Curelop -  www.thefiteam.com// Instagram @theFIguy ///// Check out RentRedi http://www.RentRedi.com  --> RentRedi.com // Watch the episode on YouTube --> https://www.youtube.com/c/RentRedi 

In this episode, Craig Curelop, author of The House Hacking Strategy, takes you through his "Miracle Morning". Using the book The Miracle Morning by Hal Elrod, Craig started applying this practice to his life over 4 years ago. It changed the way he progressed towards his goals & helped to accelerate him towards financial independence. This is a short & sweet episode with 6 action steps you can take to help make your life more productive./// Learn more about host Craig Curelop -  www.thefiteam.com// Instagram @theFIguy ///// Check out RentRedi http://www.RentRedi.com  --> RentRedi.com // Watch the episode on YouTube --> https://www.youtube.com/c/RentRedi 

In today's episode Craig Curelop, author of The House Hacking Strategy, discusses a book that changed his life: The Compound Effect by Darren Hardy. He discusses why it's life-changing, and while he encourages you to read it, gives you the rundown of how the ideas behind The Compound Effect can change your life as well. /// Learn more about host Craig Curelop -  www.thefiteam.com// Instagram @theFIguy ///// Check out RentRedi http://www.RentRedi.com  --> RentRedi.com // Watch the episode on YouTube --> https://www.youtube.com/c/RentRedi 

Craig Curelop, the author of The House Hacking Strategy, shares his reasons for keeping PMI (property mortgage insurance) as part of your mortgage payment. This is a tricky subject as typically you want to keep your mortgage payments low BUT as an investor, is it really in your best interest? Craig breaks it down using real-life examples to prove his point. /// Learn more about host Craig Curelop -  www.thefiteam.com // Instagram @theFIguy ///// Check out RentRedi http://www.RentRedi.com  --> RentRedi.com // Watch the episode on YouTube --> https://www.youtube.com/c/RentRedi 

What exactly does the 1% rule, 50% rule, or 70% rule mean? Craig Curelop, the author of The House Hacking Strategy, does a deep dive into each of these "rules". He shares how to use them, why they are important, and why these "rules" are meant to be broken. /// Learn more about host Craig Curelop -  www.thefiteam.com // Instagram @theFIguy ///// Check out RentRedi http://www.RentRedi.com  --> RentRedi.com // Watch the episode on YouTube --> https://www.youtube.com/c/RentRedi 

USDA or VA loans, seller-financing, and family/friends money are the topics of this episode. Many times investing with $0 money down requires raising capital, for first-time investors or even investors with a few properties under their belt, raising money from other investors is a lot of work, time & risk. Host, Craig Curelop, the author of The House Hacking Strategy, share 3 ways you can invest with no money down and that are a creative solution to raising capital.  /// Learn more about host Craig Curelop -  www.thefiteam.com  // Instagram @theFIguy // /// Check out RentRedi http://www.RentRedi.com  --> RentRedi.com // Watch the episode on YouTube --> https://www.youtube.com/c/RentRedi 

Cap Ex, vacancy rate, PMI, capital expenditures, do you really need to know these terms to invest in real estate? Host, Craig Curelop, the author of The House Hacking Strategy, shares the 4 metrics he uses to understand if a deal is a go or a no. If you find yourself in analysis paralysis, this episode is a good reminder to keep it simple & just get started. /// Learn more about host Craig Curelop -  www.thefiteam.com   // Instagram @theFIguy // /// Check out RentRedi --> RentRedi.com  // Watch this episode on YouTube ---> https://www.youtube.com/c/RentRedi 

To achieve financial freedom, your passive income MUST be greater than your expenses. This means lowering your living expenses, but at what cost? Craig Curelop, author of The House Hacking Strategy shares the differences between living a life that is frugal versus cheap. For this episode, Craig is uniquely qualified: he lived behind a curtain for a year! You can hear that story in the episode titled "How To House Hack Any Property, At Any Point In Your Life with Craig Curelop, Author of The House Hacking Strategy"./// Learn more about host Craig Curelop -  www.thefiteam.com  // Instagram @theFIguy // /// Check out RentRedi --> RentRedi.com --> https://RentRedi.com  // Watch this episode on YouTube ---> https://www.youtube.com/c/RentRedi 

House hacking along the Comfortability Continuum is today's topic.  The theory is anyone can house hack BUT it's somewhere on a spectrum between maximum profit and maximum comfort. The host, Craig Curelop is the author of The House Hacking Strategy and has successfully leveraged house hacking to reach financial freedom and now he's sharing how anyone can house hack, it's a matter of where you land on the Comfortability Continuum! For those unfamiliar with the house hacking strategy, it's a tool to minimize your cost of living. The most common approach is renting our room in a property you live in or purchasing a duplex and renting one side out to cover your mortgage. Today we take it a few steps further and Craig teaches you how to house hack any property from luxury rentals to a 1 bed/1 bath. /// Learn more about host Craig Curelop -  www.thefiteam.com  // Instagram @theFIguy // /// Check out RentRedi --> RentRedi.com --> https://RentRedi.com  // Watch this episode on YouTube ---> https://www.youtube.com/c/RentRedi 

The power of a house hack is the low cash down. There are many loan types that can be used to purchase a property and today Craig Curelop, the author of The House Hacking Strategy shares 5 loan types that are available to most investors. He explains why each loan type is useful, the percentage of the property value you can expect to pay for the down payment, what property types can be used for each loan type, and who is eligible to use each loan type. /// Learn more about host Craig Curelop -  www.thefiteam.com  // Instagram @theFIguy // /// Check out RentRedi --> RentRedi.com --> https://RentRedi.com // Instagram @RentRediOfficial // Watch this episode on YouTube ---> https://www.youtube.com/channel/UCyrEn2BPdf4W_NJs6GF71vA  

What is house hacking? If you've been on BiggerPockets or watched real estate investing videos on YouTube, you've seen this term. House Hacking is arguably the most powerful strategy for investing in real estate because it leverages 1) Low down payment and 2) reduces your monthly housing expenses which is the #1 expense for most Americans! In today's episode Craig Curelop, the author of The House Hacking Strategy book, explains the strategy and how you can use this strategy to increase your wealth. Learn more about host Craig Curelop -  www.thefiteam.com  // Instagram @theFIguy // Check out RentRedi --> RentRedi.com --> https://RentRedi.com // Instagram @RentRediOfficial // Watch this episode on YouTube ---> https://www.youtube.com/channel/UCyrEn2BPdf4W_NJs6GF71vA 

What is the difference between a 401k and a Roth IRA? How should you contribute to them? And what is the point of putting money into a Roth IRA when you can access it until you're 59 1/2 years old? These questions are answered in this episode. Both account types can and should be used to lower your taxable income and help you plan for retirement. If you are planning to hit financial freedom, the approach changes. Craig Curelop, author of The House Hacking Strategy shares the details of each account type (you NEED to know this) and shares how you can use them to propel your wealth.  Learn more about host Craig Curelopwww.thefiteam.com  Instagram @theFIguy // Check out RentRedi --> RentRedi.com  // Instagram @RentRediOfficial // Watch this episode on YouTube ---> https://www.youtube.com/channel/UCyrEn2BPdf4W_NJs6GF71vA 

House hacking is a repeatable strategy and by remaining patient and persistent, you can build wealth. Craig Curelop, author of The House Hacking Strategy shares his journey from $90k+ in debt to becoming a millionaire and achieving financial freedom in 4 years. Here's the best part...YOU CAN DO IT TO! In this episode Craig shares the exact steps you need to take, a rinse and repeat strategy that can make you a millionaire in 10 years.Learn more about host Craig Curelop:Business -->  www.thefiteam.com  Instagram @theFIguy --> https://www.instagram.com/thefiguy/?hl=enFacebook --> https://www.facebook.com/craig.curelop/Check out RentRedi! RentRedi.com --> https://RentRedi.com?utm_source=podcast@RentRediOfficial --> https://www.instagram.com/rentrediofficial/ YouTube --> https://www.youtube.com/channel/UCyrEn2BPdf4W_NJs6GF71vA 

Craig Curelop (@thefiguy) joins The Weekly Juice to discuss his motivation and his incredibly quick financial independence journey. Craig works in real estate and is the author of "The House Hacking Strategy".-We're now using RentRedi to help manage our investment properties. RentRedi is an all-in-one property management software that assists with rent collection, maintenance, tenant screening, communication and more. Click HERE to learn more about RentRedi, and be sure to use promo code JUICEPOD to get 50% off. -

In today's episode, the man himself, Craig Curelop, author of The House Hacking Strategy, talks about his journey and how he was introduced to Financial Independence and Real Estate Investing. Craig worked for BP and is an expert in the Denver market.

Episode: 70 Shelby graduated from the University of South Carolina in 2012, served in the Army for 6 years and got out as a Captain in the beginning of 2018 to dive into Real Estate full time as both a broker & investor.   Following her first year in the game, Shelby was recognized as the Keller Williams Rookie of the Year for the “Carolinas Region,” both North & South Carolina.  She founded Five Pillars Realty Group on January 1st, 2019 and in their first year, were recognized as an eXp Icon Team, completing 130 transactions and 19 million in volume.    Since beginning her investment portfolio in November 2017, Shelby acquired 41 rental units comprised of both long-term & short-term rentals… plus a few airbnb arbitrages.    To round it out, Shelby founded “Pints & Properties,” a Real Estate Investors meetup in Fayetteville, NC.  Pints & Properties is growing rapidly and has attracted talented guest speakers such as BiggerPockets stars Matt Faircloth, author of Raising Private Capital and Craig Curelop, author of The House Hacking Strategy.   What's the future look like? Only time will tell… but it's gonna' be good. - Advice to an 18-20-year old: - Recommended resource(s): - Big idea/parting advice: - You can reach out to them here: - Sponsors Storehouse Turnkey: podcast@storehouse310turnkey.com Rentometer: https://www.frommilitarytomillionaire.com/rentometer Five Pillars T-shirts: https://www.teepublic.com/user/fivepillarsrealtygroup - Personal Media: www.facebook.com/RealEstatewithShelbyOsborne  www.instagram.com/realestatewithshelbyosborne/  www.linkedin.com/in/realestatewithshelbyosborne/  www.biggerpockets.com/users/ShelbyO  Email:  shelbyosborne@fivepillarsrealty.com   Five Pillars Realty Group Media:  www.fivepillarsrealty.com/ www.facebook.com/fivepillarsrealtygroup/ www.instagram.com/fivepillarsrealtygroup/  www.biggerpockets.com/co/five-pillars-realty-group Mission:  https://www.youtube.com/watch?v=jUhVIW9N0kE&t=3s   Email:  info@fivepillarsrealty.com   Pints & Properties Media:  www.facebook.com/groups/pintsandproperties/  www.instagram.com/pintsandproperties/   My resources: https://www.frommilitarytomillionaire.com/kit Facebook: https://www.facebook.com/groups/militarymillionaire/ THIS SITE IS INDEPENDENTLY OWNED AND OPERATED. ALL OPINIONS EXPRESSED HEREIN ARE MY OWN. THE VIEWS EXPRESSED ON THIS SITE ARE THOSE OF THE AUTHOR OR THE AUTHOR'S INVITED GUEST POSTERS, AND MAY NOT REFLECT THE VIEWS OF THE US GOVERNMENT, THE DEPARTMENT OF DEFENSE, OR THE UNITED STATES MARINE CORPS.

Financial freedom through passive income is definitely within your reach if you go the house hacking route, but don't expect to live lavishly at the outset. Our guest on the show today is Craig Curelop, and he joins us to talk about this aspect of his journey with house hacking, but also how far he has come from those initial moments of hard hustling. Craig has so much experience in this part of real estate that he has written a book about it. It's called The House Hacking Strategy, and you can find it on biggerpockets.com where he also currently works. Today, Craig speaks about how he decided to pursue financial freedom through house hacking after he had to spend his last night with his then-girlfriend finishing a brief dropped on him by his boss that same evening.

Craig Curelop works with BiggerPockets, and has authored “The House Hacking Strategy” that releases on October third! - Craig has a financial background, and was working in northern California in 2017 when he realized that there had to be something more. He didn't want to waste his life away slaving for “the man.” Craig stumbled upon BiggerPockets, and moved to Denver for a job with them. Within six months he had bought his first house hack, almost three years later he owns three, cash flowing house hacks in Denver, Colorado, and is financially independent! -- the resource she recommends is: BiggerPockets - If you want to reach out to him on Instagram @theFIguy - Buy the book here: https://www.biggerpockets.com/store/house-hacking-ultimate - SUBSCRIBE: https://bit.ly/2Q3EvfE - Blog: https://www.frommilitarytomillionaire.com/start-here/ Instagram: https://www.instagram.com/frommilitarytomillionaire/ Facebook: https://www.facebook.com/frommilitarytomillionaire/ Audible: https://amzn.to/2K0wzxL - Join me in the BiggerPockets Pro community! https://www.frommilitarytomillionaire.com/we-recommend-BP-Pro/ - Books I recommend First read: https://amzn.to/2KcTEww Real Estate Investing: https://amzn.to/2ltPRNm Real Estate Investing: https://amzn.to/2yxFBNf Real Estate Investing: https://amzn.to/2IhQ1QI Building Wealth: https://amzn.to/2ttiwpf Efficiency: https://amzn.to/2K1eRdy Efficiency: https://amzn.to/2yvuu7K Negotiating: https://amzn.to/2tmCyT7 THIS SITE IS INDEPENDENTLY OWNED AND OPERATED. ALL OPINIONS EXPRESSED HEREIN ARE MY OWN. THE VIEWS EXPRESSED ON THIS SITE ARE THOSE OF THE AUTHOR OR THE AUTHOR'S INVITED GUEST POSTERS, AND MAY NOT REFLECT THE VIEWS OF THE US GOVERNMENT, THE DEPARTMENT OF DEFENSE, OR THE UNITED STATES MARINE CORPS.