The “Setbacks” That’ll Set You Up for Success in Real Estate Investing

Episode #1,019

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Can your mistakes make you a millionaire? If you’re like Craig Curelop and learn from what went wrong, then yes! Craig is now financially free, with millions of dollars in equity, thousands in monthly cash flow, and a thriving business. But, back when he was starting, he made a few mistakes that cost him a sizable amount of money, took years of time away, and put serious stress on his shoulders while trying to grow his real estate portfolio. Thankfully, you can take his lessons to heart, so YOU don’t have to make them yourself.

Today, we’re talking about one of Craig’s real estate deals that went wrong. What was supposed to be a profitable out-of-state BRRRR (buy rehab rent refinance repeat) investment quickly turned into contractor scams, danger, theft, and even…love. Yes, love is part of it, too. Craig lost a significant sum on this deal, but if you follow his advice, you don’t have to repeat the same mistakes.

Even though this was a property from hell, Craig still kept investing, eventually reaching financial freedom and living his dream life. Something WILL go wrong when you start investing in real estate—just make sure it wasn’t what Craig went through.

00:00 Intro
02:04 House Hacking 8 Times!
05:28 One Really Bad BRRRR
14:41 Worst Contractor Ever?
25:59 Finally Selling It
27:54 The Good Ending
30:10 Failing Fast
34:45 Should I Fire My Property Manager?

[Regular.Riches]

Not enough people take action! You learn from your failures, and it is so important overall! I do lease purchasing & buying REO's from banks. The number of setbacks that helped me actually get to 20, 000, 000 is too many to count! For instance, I learned there was an 80/20 rule in the agents who actually worked with the bank, so I focused all my time there and it helped a lot! Would love to hear from everyone else and connect

[bostoncaruthers]

Great show guys, episodes like this are awesome!

[sarahpettengill]

Really helpful interview, thank you! This could help so many people to hear how he got started with house hacking

[justamanwithbeliefs]

In the 50's my late dad worked a modest job, mom was a housewife, and they lived a nice lifestyle including owning a home. Nowadays both I and my partner works and can barely afford to make ends meet. Luckily, I've just received an inheritance of $500, 000 and concerned how to use money I didn’t work for. Should I pay mortgage since I’m still working, or do I invest in stocks rather than just staying 100% cash?

[Michaelbesomeone]

Heeeey we were long overdue for an update from our guy here!

[eddieseo]

Better content with Dave. A little drier delivery but content is more informative.

[steph]

Sadly, I cant listen to Dave Meyer's voice. I miss DG & Rob. They had real chemistry and had a good sense of humor

I couldn't comment on spotify. I gave a 1 star review on spotify, not because of the content but because ever since the adds were changed on that platform whenever I fast forward the podcast goes back to the beginning and additionally because the adds started I could see in the timeline where it left off. This is the fifth podcast that it's happened to. Very annoying, hopefully that can get fixed.

[legacyopp]

Just a reminder. Don't use d.g.'s book. Lmao

[Royaldane]

Please bring back David Greene. Sandwich Dave tries hard, but isn’t a natural interviewer. BP is now becoming monotonous and annoying with Dave’s discomfort with direct questioning😢

[mikeg]

Sounds
Like your way to just shit on the guy that used to work there.This podcast is a joke