350: How to House Hack Your Way to Financial Freedom in 3 Years with Craig Curelop

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 3 October 2019

⏱️ 66 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Ever wanted to break into real estate but just weren’t sure how to take that first step? You're not alone! Almost all investors struggled with their first deal. But today’s guest may be just what you needed to get your foot in the door! On today’s show, Brandon and David dive deep into the mind of Craig Curelop, the author of BiggerPockets Publishing's new book The House Hacking Strategy. Craig shares some incredible advice on how he eliminated his living expenses and earned as much as one could from a full-time job through house hacking—all by age 26! Craig breaks down just how simply you can get your first property with less than 5 percent down and turn it into a wealth-building machine that will help you achieve a “return on your potential” you may not have realized you’re currently lacking. You’ll learn what to look for in a house hack, how to find the “path of progress” to start your search, and which straightforward criteria we can all use when searching for deals. You’ll also hear how to make “hedonic adaptation” work for you, how to exchange comfortability for profitability, and how to decide which property would work best for your specific situation. We ALL want to own more real estate, and we all need somewhere to live. On today’s show, you’ll learn how to combine those two needs to build wealth and save money at the same time. Download this one today! In This Episode We Cover: Why he left Silicon Valley to build wealth through real estate How he bought his first house hack Why house hacking is so effective for establishing financial freedom His scale of comfortability vs. profitability Who should house hack Why expensive markets are the best places to build wealth through real estate The importance of solid metrics in a potential house hack How he gets in front of the “path of progress” to maximize returns How to take advantage of low down payment options to snag properties that earn income How house hacking allows you to find the “return on your potential” How to make “hedonic adaptation” work for you, not against you And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast 252: House Hacking (Your First Deal) & Life Hacking with Craig Curelop BiggerPockets Podcast 014 : Cash Flow, Creative Finance, and Life with Ben Leybovich Zillow Xero Accounting Software You can listen on BiggerPockets here: http://biggerpockets.com/show350 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	This is the BiggerPockets Podcast Show 350.
0:04.0	Yeah, it's the whole idea of like basically you get something new or you do something for the first couple of weeks and it feels super uncomfortable or super different.
0:10.0	But two or three weeks later, it's kind of normal, right?
0:13.2	It's like if you were to buy a Ferrari, the first two weeks
0:15.1	you're gonna feel like a cool cat in that Ferrari.
0:17.7	And then week three, it's gonna be your car.
0:20.6	So it's the same thing with the house deck. You're listening to bigger pockets radio,
0:25.0	simplifying real estate for investors large and small.
0:28.0	If you're here looking to learn about real estate investing,
0:31.0	without all the height, you're in the right place. Stay tuned
0:35.5	and be sure to join the millions of others who have benefited from bigger pockets.com.
0:41.0	Your home for real estate investing online.
0:43.7	What's going on everyone? This is Brandon Turner,
0:45.5	host to the BiggerPockets podcast here with Mr David Green.
0:49.9	What's up buddy?
0:50.4	Welcome to the show.
0:51.6	Thanks, man.
0:52.2	I'm having a great time.
0:53.0	I actually was out this weekend running the trails like I told you about.
0:56.0	And I was running down a hill and I was, I kind of got cocky because I'm starting to get a better shape and I was in feeling good. So I started
1:03.6	to go way too fast. My toe hit a rock and I did that like weird spiral thing
1:08.7	where you're starting to fall and tried to save it and I couldn't and I just ate crap and like skidded down that hill.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from BiggerPockets, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of BiggerPockets and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.