Episode #1,019 Invest in Turnkey Rental Properties in the Best Investing Markets with Rent to Retirement: Episode Show Notes: https://link.chtbl.com/BPRE Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media Let Us Know What You Thought of the Show! https://www.BiggerPockets.com/Podcastfeedback Grab Craig’s Book, “The House Hacking Strategy”: https://store.biggerpockets.com/products/the-house-hacking-strategy?utm_source=owned_media Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch See Dave at BPCON2024 in Cancun! https://www.biggerpockets.com/events?utm_source=youtube&utm_medium=description&utm_campaign=none Contractor Nightmares: 5 Red Flags to Watch For and How to Escape a Bad Hire: https://www.biggerpockets.com/blog/red-flags-to-avoid-with-contractors-and-how-to-escape-a-bad-hire?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Craig: https://www.biggerpockets.com/users/craigcurelop?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Dave: https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none 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?