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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.
What if one “smelly” condo became the springboard to financial independence, luxury short-term rentals, and a reverse 1031 into a waterfront Arizona home? In this Invest2FI episode, Craig is with Maui-based investor and former firefighter Mike Neubauer about turning creative strategy into real results. You’ll hear how Mike and his wife Caroline targeted hotel-zoned lockout condos on Maui, bought a $540,000 fixer that “smelled like cat urine,” DIY-renovated on a tight deadline, and optimized pricing to hit ninety-seven percent blended occupancy and 10,000–12,000 monthly revenue.
Mike breaks down the numbers behind a $ 7,000 net cash flow, then explains selling that unit for $ 1.365 million and using a reverse 1031 exchange to acquire and upgrade a $ 1.0 million lakefront home in Gilbert, Arizona, with a $ 400,000 remodel. What’s for you? A repeatable playbook for markets, zoning, lockouts, pricing levers, and exchanges you can apply now.
PODCAST HIGHLIGHTS:
[04:32] Mike’s background in photography and graphic design
[05:56] Earning his first passive income through Amazon book royalties.
[06:42] A firefighter mentor in Maui introduces him to short-term rentals.
[07:15] Mike reflects on the fire tragedy and retiring before 2021.
[08:53] He discusses building an ADU to house hack their first property.
[10:58] Strategy focused on Maui lockout condos with hotel zoning advantage.
[13:45] He details buying a $540k condo and budgeting $40k renovation.
[15:29] Handyman backed out, forcing Mike to learn DIY via YouTube.
[22:41] Occupancy soared to 97%, generating $10–12k in monthly revenue.
[23:19] Net profits hit $6–7k monthly after all operating expenses.
[25:08] They sold the Maui condo for $1.365M, using reverse 1031.
[26:42] Invested $1M in Gilbert lake house, adding $400k renovations.
[36:36] A preview of a 20-unit glamping development near Zion National Park.
[40:49] Mike emphasizes picking syndicators carefully, investing in operators not assets.
[42:42] His future plans include Coeur d’Alene living, Caroline’s Maui realtor expansion.
[52:05] Advice to invest early, network hard, and stay consistent.
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
Mike Neubauer
📸 Instagram: https://www.instagram.com/mikeyneu/?hl=en
🎙️Podcast: https://ourfamilyinvests.com/
📱Facebook: https://www.facebook.com/michael.maui/
303 episodes
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