Craig Curelop’s Investing Strategy

Craig Curelop was generous enough to share his investing strategy. Craig is a house (or life ) hacker that is in full pursuit of using real estate and other means to seek financial freedom. For a full time job, he works as a financial analyst (kind of) at BiggerPockets.

Short Term Outlook – Next 2 years

  • Purchase income generating assets and create maximum cash flow from these assets.
  • More work, higher risk will be involved.
  • As a young investor with lots of energy, fewer assets, and less to lose, I feel as though I am in the best position to take risks in my life. I am doing just that.
  • As I work my current assets (car and duplex), I will continue to find ways to make more and spend less. With the difference, I will start building up my portfolio of slightly more passive income generating assets.
  • I plan to purchase either another duplex or a large single family home this year. If it’s a duplex, I will deploy a similar strategy. If I find a 4+ bedroom single family home that I will rent by the room.

Medium Term Outlook: 2-5 years

  • As I become more liquid and have increased purchasing power, I will purchase more traditional rental properties rather than house hacking. At this point, I will have hopefully paid off my student loans (see other notes below) and will be deserving of my own bedroom.
  • Purchasing more traditional real estate will allow me to free up my time, will allow me to focus on strategies that can help scale my portfolio.
  • At the end of 5 years, I will have my student loans paid off and will be financially free.

Mini Retirement: 5-7 Years:

  • I’m not sure if this is part of the investment strategy. However, I’d like to take a mini-retirement as I enter my 30s. A couple years of travelling around the world living on the same income I do now, but all passively.

Long Term Outlook: 7+ years

  • I don’t like forecasting this far out because things change very quickly.
  • At this point, I will be a single and financially independent living a middle class (or slightly under middle class) lifestyle.
  • Going forward, it would be increasing my portfolio that can generate more passive income that can support a family that will allow us to live the life that we want.

Other Notes:

  • For every liability I have (student loans, mortgages, car), I like to have an income generating asset related to it. Right now I have rental income for my mortgages, rental income for my car, and am working on a short term rental business to help pay down student loans.
  • Continuing with this strategy, for each new liability I receive, I plan to create another revenue stream to help pay down that liability.
Analyze Before You Buy
Start Evaluating Properties Today with Our Free Toolkit
In a rapidly changing market, having the tools you need to help you analyze the data is critical. Know what the numbers will look like ahead of time so you don't buy a bad deal. Our toolkit is designed to help you thoroughly analyze any kind of deal so you can invest with confidence.
Start analyzing your Colorado investment properties today
Rental Property Spreadsheet • House Hacking Spreadsheet BRRRR Calculator Spreadsheet • Fix and Flip Deal Analyzer Investing Maps • Rehab Pricing Estimator
Start analyzing your Colorado investment properties today
Rental Property Spreadsheet • House Hacking Spreadsheet BRRRR Calculator Spreadsheet • Fix and Flip Deal Analyzer Investing Maps • Rehab Pricing Estimator
Authors
Chris Lopez
Chris Lopez is a Denver area real estate entrepreneur and investor, as well as the host of Bigger Pockets’ House Hackerz and the Denver Real Estate Investing Podcast.
Similar Post You Might Also Like
Colorado Springs
Seller Credits and Self Managing: How to Cash Flow with High Interest Rates
Self-managing a property is not only a great learning experience, it can significantly boost returns, too. In this deal
Deal Analysis - Denver
Living for $150 a Month Despite a 5.9% Interest Rate
How can house hackers find cash flowing deals in a high interest rate environment? Jeff White joins us to analyze
Sign Up For Our Newsletter
What do you want to learn today?