95: The House Hacking Strategy with Craig Curelop

Oct 21, 2019

Ask episode

Chapters

Transcript

Episode notes

One of the most commonly asked questions in the BiggerPockets Forums is “How do I get started investing in real estate with no money?” Craig Curelop has the perfect answer to this question - House Hacking!

Craig shares his own story of three house hacks - and counting! We dive into the numbers, look at what makes a good property to house hack, and even talk about the different ways to hack your housing.

Craig also shares ways he dealt with people who didn’t understand what he was doing - including his family and most of his friends.

Craig even shares his biggest house hacking mistake - how not following his tenant screening protocol led to a terrible experience.

If you’re thinking about jumping into house hacking, this episode lays it all out.

In This Episode We Discussed:

Craig's journey with house hacking
Craig's numbers on his first house hack
What PMI is
Craig's PMI monthly payment
How he leverage his first house hack into the second house hack
Craig's numbers on his second house hack
The importance to consider the occupancy law
How he bought his third house hack
Craig's numbers on his third house hack
How he managed all his rentals
How to find a property manager
The idea of sacrificing comfortability and profitability
Advantages on house hacking
What kind of property makes for a good house hack
On luxurious house hack
Getting pushback about house hacking
Craig's biggest house hacking mistake and how to prevent it
Things that is important when it comes to house hacking
And SO much more!

Links:

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