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The show that helps you maximize your wealth by turning complex financial situations into actionable advice. On Your Money. Your Mission., we answer the questions you’ve been asking about -- financial planning, investing, retirement and everything in between. Whether you’re navigating the complexities of the market or looking for the best ways to save or spend your money, tune in to hear from experienced financial advisors with JFG. Walk away from each episode with savvy tips and financial t ...
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Content provided by Craig Curelop and Miller McSwain, Craig Curelop, and Miller McSwain. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Craig Curelop and Miller McSwain, Craig Curelop, and Miller McSwain or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.
How do you turn a seemingly bad investment into a profitable real estate venture? In this episode, Craig sits down with David Edwards, a Houston-based co-living operator, investor, and founder of CoLiving Operations. Dave shares how he left a shaky data analyst job to pursue real estate full time.
From his first $65K house in January 2020 (turned pink inside by accident) to converting dining rooms into bedrooms, Dave walks through his path to an 8-bedroom pad splits yielding $2K+ in monthly cash flow. Learn what it takes to thrive in Houston’s unique rental market, how to mitigate co-living risks, and how his 300+ doors under management started with one “stripper house.” If you're eyeing cash flow, shared housing, or white-glove turnkey co-living investing, this episode delivers unmatched ground-zero detail.
PODCAST HIGHLIGHTS:
[03:07] Dave shares why he left data analytics for real estate stability.
[04:52] Describes moving from New York to Kingwood in 2019.
[06:46] Purchases $65K rental property in January 2020, adds $20K rehab.
[09:10] Discovers tenant abandoned the house after claiming COVID multiple times.
[09:45] “First thing I see is a stripper pole”—Dave on entering home.
[14:30] Rehabs trashed house and sells it, learning hard lessons.
[16:45] Discusses April 2020 Kingwood flood-damaged flip yielding $40K profit.
[20:45] Converts 5-bed home into 8-bed 3-bath co-living rental.
[24:04] “I was cash flowing just shy of $2,000 a month.”
[26:35] Sells property subject-to in order to fund duplex development.
[33:23] Planning to build 10-bed 10-bath duplexes compliant with local laws.
[35:29] Explains arbitrage model using 5-year leases with exit clauses.
[39:00] Looks for properties with 60% parking and near public transit.
[41:50] Reviews 12 deals weekly but only 3 usually make the cut.
[43:45] “12–16% cash-on-cash is realistic—20% is rare in Houston.”
[45:00] Uses Airbnb-style insurance in Texas due to co-living challenges.
[46:20] “You don’t need to be perfect. Just start moving forward.”
[48:30] “I don’t want to disappoint my wife—that’s my why
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
GUEST
David Edwards
📱 Phone: (917) 482-5894 (text preferred)
👤 Facebook: https://www.facebook.com/djedwards83/
303 episodes
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