Episode 203 - The Power of Taking Action Today with the FI Team

INVEST2FI

In this special episode, we’re joining the FI Team straight from their Colorado retreat! Hear from everyone’s unique experiences in real estate, from Craig’s rocky start in 2017 to Kerrie’s short-term rental that cost $40,000 and has since doubled in value! We also hear from first-time investors on the team who have recently leaped their first property or house hack - an excellent blueprint for anyone just starting their journey!

Dive into Craig’s story, which started with a modest goal of owning 6-7 properties and has now grown into an impressive collection of 26 properties, including single-family homes, duplexes, and syndicated units. We also discuss the more challenging aspects of real estate investing, such as Craig’s tenant horror story, failures with previous partners, and mistakes when not checking out the property before investing. Despite these setbacks, Craig offers listeners a forecast of what’s to come as he expands his investments and net worth.

This episode covers valuable tips and strategies for both long-time portfolio holders and aspiring investors. Don’t miss out on this as Craig and the FI team wrap up the episode by reflecting on favorite moments in house hacking and leaving listeners with realistic advice for anyone looking to succeed in the real estate market.

PODCAST HIGHLIGHTS:
[0:45] Craig’s Rocky Beginning in 2017
[4:00] Investing in Milwaukee in 2015
[6:00] Kerrie From the FI Team
[8:30] Why Anne Is Investing For the First Time - Despite High Rates
[10:25] On Marsanne's Very First House Hack
[13:20] Investing Early at 21 Years Old
[17:20] Craig’s Horror Stories in Real Estate
[20:55] Forecasting Craig’s Portfolio
[22:20] Experiences With Partnerships
[24:15] How to Start in Real Estate When You Know No One in the Industry
[25:45] Must-Dos Before Partnering With a Close Friend/Relative
[27:00] Beginner Investor Mistakes to Avoid
[29:50] Should You Clear Debt Before Investing?
[31:20] His Favorite Moment in House Hacking
[33:20] Best Piece of Advice for Investors
HOST
Craig Curelop
📸 IG: https://www.instagram.com/thefiguy
📘 Book: https://store.biggerpockets.com/products/the-house-hacking-strategy
🏘️ Buy Real Estate: https://bit.ly/3V3QDze