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.
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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.
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