househacking

People spend years thinking about buying real estate—but many never take the first step. Not today’s guest, though! Today, we sit down with Craig Curelop, a new investor in the expensive Denver market, as he shares his story of buying his very first “house hack” and how’s he’s actually getting PAID to live for free. You’ll also learn some other creative way Craig is generating extra income each month (including renting out his car!) on his quest for financial freedom. It’s a super inspiring story with a plethora of tips, so don’t miss a moment of it! In This Episode We Cover: Craig’s story and how he found out about BiggerPockets What he does at BiggerPockets How he house hacked his first home in Denver Tips for finding a good agent How to find a good lender What exactly PITI is How he’s generating rent from his place His method of fast tracking his way to financial freedom How his Airbnb system works, including how he handles cleaning Tips for turning liabilities to assets How he rents out his car A discussion on having a frugal lifestyle His future plans for real estate investing And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BiggerPockets Marketplace 12 Easy Tips to Reduce Your Vacancy Rates and Find Great Tenants (blog) Airbnb Craigslist Turo Books Mentioned in this Show The Book on Rental Property Investing by Brandon Turner Set for Life by Scott Trench The 10x Rule by Grant Cardone The One Thing by Gary Keller Rich Dad Poor Dad by Robert Kiyosaki Never Split the Difference by Chris Voss The Four Agreements by Don Miguel Ruiz &? Janet Mills Fire Round Questions Do I need to disclose to my “roommates” that I am the landlord and owner? Is it a good deal to get a duplex (for the purpose of house hacking) if you paying small amount from your pocket every month to cover all the costs? Has anyone put a kegerator in their Airbnb? What would you recommend: pool, hot tub or none? Tweetable Topics: “The first step to buying a property is to find a lender and to find an agent.” (Tweet This!) “To find the lender that’s right for you, you have to have the criteria you’re looking for.” (Tweet This!) “Everyone has a unique advantage in their life.” (Tweet This!) Connect with Craig Craig’s BiggerPockets Profile Craig’s Facebook Profile Craig’s LinkedIn Profile Craig’s Twitter Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of The BiggerPockets Podcast, we’re excited to talk about two incredibly powerful strategies any real estate investor (new or experienced!) can use to grow their business: partnerships and BRRRR investing. Today’s guest, Ian Reeves, used a combination of both these strategies to build an incredible portfolio in just the past few years, having started after listening to this very podcast. This episode is sure to blow your mind with both education and entertainment, so sit back and prepare to have your world rocked forever! In This Episode We Cover: How Ian got started The details of his first property Why house hacking is a good idea How he has 65 units already Why he chose partnership Tips for finding the right partners through BiggerPockets The pros of being a part of an REI meetup What you should know about the BRRRR strategy A look into whether you should buy expensive properties Where he got his initial loan The dangers of commercial loans The importance of having the right mindset The secret to scaling quickly The worst deal he has ever done And SO much more! Links from the Show BiggerPockets Forums Creation Festival Northwest 10th Avenue North Fincon House Hacking 101 Brandon’s Instagram Mindy’s Instagram BiggerPockets Events 500 Deals, the $100,000 Wholesale Paycheck, & the Systems That Make it Work with Tarl Yarber A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal Elrod Tim Ferriss Show: Derek Sivers How to Find and Fund Real Estate Deals with Anson Young Books Mentioned in this Show Rich Dad Poor Dad by Robert Kiyosaki The Millionaire Real Estate Investor by Gary Keller The Miracle Morning by Hal Elrod Set for Life by Scott Trench The One Thing by Gary Keller and Jay Papasan The Book on Rental Property Investing by Brandon Turner The 4-Hour Work Week by Tim Ferriss Mastery by Robert Greene 80/20 Sales and Marketing by Perry Marshall Fire Round Questions Mailing campaign – letter, post cards (Still a good idea?) I just turned 22, what is the best path for a strong portfolio? How the Heck Are You Doing 5-10 BRRRRs Per Year?! Looking for networking advice Partnership Learning Process Tweetable Topics: “It’s a dangerous situation when you are not reinvesting your profits.” (Tweet This!) “Fifty percent of a deal is better than 100 percent of no deal.” (Tweet This!) “Just tell the people what you’re doing and they can sense the passion.” (Tweet This!) “All the information that you could ever want is already out there. It’s up to you if you implement or not.” (Tweet This!) Connect with Ian Ian’s BiggerPockets Profile Ian’s Facebook Profile Ian’s Youtube Channel Learn more about your ad choices. Visit megaphone.fm/adchoices

A lot of people want to achieve financial freedom—but many who start the journey never arrive. So what’s the best way to truly set yourself up for success in achieving financial independence and wealth? That’s the topic of today’s show, where we sit down with Scott Trench, author of Set for Life,to discuss some of the simple yet powerful, tactics people can use to increase their income, reduce their expenses, and lead a legendary life.   In This Episode We Cover: A little bit on Scott‘s background The path to early financial freedom How to house hack your way to a portfolio of properties Tips for using the BRRRR method How to invest despite what the market situation is An introduction to the book Set for Life The three stages of wealth mentioned in the book What you should know about the “financial runway“ The bonuses that comes with the book A discussion on making more money The importance of finding a job you love How to get the set of skills you need to succeed Scott’s advice to those who are getting their first deal And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Podcast 099: 3 Personal Finance Bloggers & Their First Real Estate Investment with Scott, Lauren, and Philip (podcast) Ben Leybovich’s BP Profile Jered Sturm’s BP Profile How to “Hack” Your Housing and Get Paid to Live for Free (blog) BiggerPockets Podcast 217: How to Work Less and Earn More Using the 80/20 Rule with Perry Marshall (podcast) Your First Home Purchase Could Be a Horrendous Financial Decision. Unless… (blog) Investors: Don’t Shoot for 100+ Properties. Aim for Bigger & Better With THIS Strategy. (blog) How I Went From $0 Net Worth to Qualifying for $1M in Real Estate Financing in 2.5 Years (blog) Am I Missing Something, or Is Real Estate Investing Really Not That Hard? (blog) Books Mentioned in this Show Set for Life by Scott Trench (email setforlife@biggerpockets.com) The Book on Rental Property Investing by Brandon Turner The ONE Thing by Gary Keller and Jay Papasan Rich Dad Poor Dad by Robert T. Kiyosaki Tweetable Topics: “It’s not just about being thrifty or cheap; it’s about being smart.” (Tweet This!) “Because we were responsible financially, we were able to take risks.” (Tweet This!) “Understand that what I’m doing today is what I need to get to the next level.” (Tweet This!) Connect with Scott Scott’s BiggerPockets Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Can a single real estate deal change your life? Definitely! That’s the topic on today’s “newbie episode” of the BiggerPockets Podcast, where we sit down for several interviews with real estate investors who have just purchased their first deal. In the first interview, you’ll hear how Sunny and SunMarie Burnsused a fantastic “house hack” to invest in an extremely high-priced area. In the second interview, you’ll hear how Sam Valme was able to house-hack his home into a vacation rental that throws off massive cash flow each month. These stories are incredibly inspiring and full of tips that can help new AND experienced investors achieve more in their business! In This Episode We Cover: Sunny and SunMarie’s Segment: How Sunny got hooked to the podcast Why you should consider buying a fourplex as a first property How to find these deals Thoughts on the competitiveness of the real estate market How to use house hacking to earn extra cash Why you should always look out for holding costs How real estate helped Sunny and his family Sam’s Segment: How his mom unknowingly gave him a ticket to real estate investing How he turned the basement into a rental unit Tips for making the financing work on a deal like this Why he used an FHA 203K for financing The benefits of using Airbnb to rent your property How to price Airbnb rentals the right way How to use electronic locks and automate the process His worst tenant experience ever And SO much more! Links from the Show BiggerPockets Member’s Blogs WellsFargo BiggerPockets Forums Schlage Door Locks BiggerPockets Webinar BiggerPockets Analysis Ultimate Beginner’s Guide to Real Estate Investing Books Mentioned in this Show Rich Dad Poor Dad by Robert T. Kiyosaki The ABCs of Real Estate Investing by Ken McElroy The Millionaire Real Estate Investor by Gary Keller The E-Myth Revisited by Michael E. Gerber Outwitting the Devil by Napoleon Hill The ONE Thing by Gary Keller and Jay Papasan The Book on Managing Rental Properties by Brandon and Heather Turner Tweetable Topics: “House hack and get your tenants to pay your rent, mortgage, and taxes.” (Tweet This!) “Hard work just isn’t enough. You need to figure out the why.” (Tweet This!) “Imagine your perfect day and then, work backwards from there.” (Tweet This!) “It’s better to fail 50 times trying to figure out what you want to do than to sit back for an entire year thinking about it.” (Tweet This!) Connect with Sunny Sunny’s BiggerPockets Profile Sunny’s Website Connect with Sam Sam’s BiggerPockets Profile Sam’s Website Facebook Profile Twitter Profile Instagram LinkedIn Customer Results Property Management Learn more about your ad choices. Visit megaphone.fm/adchoices

Learn more about your ad choices. Visit megaphone.fm/adchoices