All Forum Posts by: Craig Curelop

MEET OUR GUEST SPEAKER

Stacey Stegenga wasn’t always a landlord, she was a nurse. But not just any nurse, Stacey was a flight nurse, helping transport military patients across the US. When she stepped away from flight-nursing, she picked up travel nursing, moving around the US for months at a time to provide medical care wherever needed. S

he finally ended up in Denver, where her pay was cut in half and her expenses saw a drastic boost.

After educating herself intensely, she took the risk and jumped into real estate. Stacey was able to build a seven-unit portfolio in just two years!

She’s tried her hand at out-of-state investing, raising private capital, partnering on deals, and mid-term rentals, all of which have worked out generously in her favor. She shares the exact steps she took to build her portfolio as fast as she did, so you can do the same!

ABOUT THE HOUSE HACKER'S MEETUP

Savvy investors have been using a little-known but clever strategy in real estate for decades. In this Meetup Group you will learn exactly how to perfect this trade secret!

When mastered, house hacking can save you thousands of dollars in monthly expenses, build tens of thousands of dollars in equity each year, and provide the financial means to retire early.

In fact, the average house hacker can turn a single-family home or small multifamily property into a cash-flowing investment. You can collect rent that completely covers your living expenses—and then some!

House hacking doesn’t have to be a mystery. Join us for educational sessions, happy hours and more and discover why so many successful investors support their investment careers with house hacking—and learn from a frugality expert who has “hacked” his way toward financial freedom!

Serial house hackers Craig Curelop or one of our FI Team investor-agents will be your expert host for this monthly session featuring a special House Hacking guest to give you the in-depth details so you can make your first (or next) house hack a huge success!!

Check out our other Denver area Meetups

The FI Team is celebrating our first year of House Hacker’s MeetUps with a special edition: join us live and IN PERSON for this month’s installment featuring Craig Curelop — that’s me!

It’s true, I’m the guy who wrote the book: The House Hacking Strategy. I went from a net worth of negative $30,000 to financially independent in just 2.5 years.

Many of you also know me as that guy who lived behind a curtain on a couch in the living room of my very first house hack (!). Not exactly everyone’s cup of tea, but that’s ok because there are so many ways to rock a house hack!

Join us every month to connect with a community of practitioners and learn from experienced house hackers who are rocking their path to financial independence.

We are so stoked to gather in person in Denver, AND you can also tune in online! Get dialed in for either option right here: https://www.meetup.com/The-House-Hackers-Meetup/events/279053345/

MORE ABOUT THE HOUSE HACKER’S MEETUP

More and more savvy investors are using this clever real estate investing strategy. In this Meetup Group you will learn exactly how to perfect this trade secret!

When mastered, house hacking can save you thousands of dollars in monthly expenses, build tens of thousands of dollars in equity each year, and provide the financial means to retire early.

In fact, the average house hacker can turn a single-family home or small multifamily property into a cash-flowing investment. You can collect rent that completely covers your living expenses—and then some!

House hacking doesn’t have to be a mystery. Join us for educational sessions, happy hours and more and discover why so many successful investors support their investment careers with house hacking—and learn from a frugality expert who has “hacked” his way toward financial freedom!

With this MeetUp, we aim to give you the in-depth details and everything you need so you can make your first (or next) house hack a huge success!!

Don’t hesitate to reach out if we can answer any questions! We look forward to seeing you there or online. May the FI be with you.

Thanks for the shout out @Russell Brazil! 

@Kieler Stubbs - Always happy to chat. 

@Aaron Holderman - BRRRRing out of state is definitely a great way to build wealth. You need to make sure you have a stellar team wherever you invest. There is a lot of risk when it comes to investing out of state. Typically you have a lot of money tied up and you're paying high interest on it. So you don't have much time for bad contractors, bad agents, bad lenders, etc. 

BRRRRing in Denver (or any expensive city) is next to impossible to actually pull out a significant portion of your money. However, if you get creative in Denver, you can definitely cash flow pretty good while experiencing some good appreciation! 

@Zachary Gilula - it seems like you know what you are looking for. You are going against the grain of the new investor and targeting appreciation over cash flow. 

That's not a horrible thing, in fact... you may be much richer in the long run with this kind of play. It's just a bit more risky. 

I do agree with @Chris Lopez's analysis of the deal in that your cash flow will be paltry. Potentially even negative. There's no say what the market does here in the next 6-12 months. 

Overall, you know the risk you are going to take. By purchasing this condo. You will have an easy investment property. If it's in such a great location, you should have no issue renting it out. It seems small enough where capex and repairs likely won't be that large... though, I have not seen the unit so it's tough to say. 

If you're okay with breaking even or maybe even losing a little bit of money each month to hold on and realize the appreciation, go ahead and do it. If you are looking to get the highest return on your investment, I'd pass. 

@Michael C. - FirstBank is great for commercial deals. They tend to be more expensive with higher rates and fees, but can get the tricky deals done. 

For lenders, I like to use Mike Stone over at Megastar or FlatIrons Bank I have heard good things about as well. I have a contact at Guild Mortgage who also does pretty good work! 

Inspectors, I usually like to use 360 Degree or Axium. 

You've got yourself an interesting property there, I hope it works out nicely for you! 

@Juan Pridgen - what is driving you towards commercial as your first investment? It's typically much easier and much lower risk to go the residential route at first and then grow/scale into the commercial route. 

Ethan,

@Linda Weygant is your gal! She is a real-estate focused accountant that helps Colorado residents. Specifically, smaller investors with real estate investments and W2 jobs.