Episode 207 - Turning High-Interest Rates into Real Estate Profits in 2024: Craig Curelop’s Proven Strategies for Success

INVEST2FI

Do you still feel it's worth investing in real estate, even with high interest rates today? In this solo episode of Invest2Fi, Craig Curelop shares how he turned market fear into profitable real estate deals in 2024. With most investors putting off their deals, Craig took action, acquiring three properties that already generate significant cash flow. He will walk you through the details of each investment, which include a rent-by-the-room strategy in Denver, a high-up potential appreciation opportunity in Coeur d'Alene, and his most recent 7-bedroom rental property in Aurora.

You'll learn how Craig garnered over $1,500 in monthly cash flow from one deal and $2,400 from another in an economy where everyone keeps sleeping on the sidelines, waiting for that rosy market. Finally, Craig reveals creative financing options a nd appeals to the importance of contacting investor-friendly agents while sounding warnings on the dangers of delaying action in expectation of the best times.

If you need help tackling today's volatile market, tune in to learn how to secure and profit from real estate deals, even in the face of fearful competition. Perfect for both novice and veteran investors, this episode will empower you to build wealth now.
PODCAST HIGHLIGHTS:
[01:02] First property, $600,000, was purchased in Denver, using the rent-by-the-room model.
[02:01] Details on the $588,000 net price and breakdown of rooms and rentals.
[03:35] Total monthly income from the property: $5,300-$5,400; mortgage and cash flow explained.
[04:45] Expenses, utilities, repairs, and why Craig estimates $1,500 net monthly cash flow.
[06:00] $200,000 invested, with $18,000 yearly cash flow.
[06:50] Craig discusses property appreciation and total return on investment of 34%.
[08:00] Cortez Lane Airbnb-turned-rental, Craig buys it back.
[10:20] Monthly losses on the second property, Craig's strategy for future appreciation.
[12:05] Aurora home, purchased for $600,000, seven bedrooms after a renovation.
[13:50] $6,400 expected monthly rent, with a $4,000 mortgage, yielding a $2,400 monthly profit.
[15:30] Expenses and projected 15% cash-on-cash return for the third property.
[17:00] Encouragement to invest despite high interest rates and Craig’s invitation to connect with him for future opportunities.
HOST
Craig Curelop
📸 Instagram: https://www.instagram.com/thefiguy
📘 Book: https://store.biggerpockets.com/products/the-house-hacking-strategy 🏘️ Buy Real Estate: https://bit.ly/3V3QDze