Craig Curelop is 25 years old, owns two properties along the Front Range and estimates he’ll be financially independent — free of student-loan debt and monetarily set to pack up for two years of world travel — by 27. Anyone can follow in his footsteps, he said, if they’re willing to pinch some pennies. In Curelop’s case, it’s more of a constriction than a pinch. To acquire his $70,000 in savings, Curelop got creative. He slept on a futon surrounded by a curtain while Airbnb guests relaxed in his bedroom and renters took over the top half of his duplex. “It wasn’t that bad,” Curelop said. “After the first week or two, you get used to people coming in and out unexpectedly.” Curelop rented out his vehicle through car-sharing site Turo as often as possible, opting to bike 20 miles to and from his home in Thornton to his Denver job as a financial analyst at real estate education website BiggerPockets. While Curelop can be … [Read more...] about This 25-year-old Denverite is on track to achieve his financial goals. Here’s what experts say you need to do to join him.
Tim Evans and Tony Cook Indianapolis Star Published 6:42 AM EDT Mar 26, 2019 Clayton Morris, the affable former co-host of TV's Fox & Friends, portrays himself on his popular podcasts and YouTube videos as a real estate investment expert who is in the business of helping others achieve financial freedom. His company, Morris Invest, has been involved in hundreds of property transactions in Indianapolis. But in his wake is a trail of disgruntled investors, tenants living in deplorable conditions and dilapidated Indianapolis homes that could plague the city for years. While Morris lives in a $1.45 million luxury home in New Jersey, some investors who thought they were buying turn-key rentals are saddled with boarded up hovels, empty lots, stacks of health and nuisance violations from the city and lost savings. Morris is the target of at least five lawsuits filed by out-of-state investors who claim he defrauded them in transactions involving dozens of properties. … [Read more...] about Ex ‘Fox & Friends’ host’s real estate investments called Ponzi scheme
Steve Nicastro NerdWallet Published 7:00 AM EDT Oct 14, 2018 Young adults paying off student loans or saving for their first home won’t soon reach their financial goals just by cutting out Starbucks or canceling their gym membership. A faster way to save money is to trim housing expenses. Here are four ways to save on housing and free up money to pay off debt, save for a down payment or fund other life events. Live with your parents It may not be as fun as living with friends, but you’re not alone if you live with Mom and Dad. A third of adults ages 18 to 34 lived with parents in 2015, according to the U.S. Census Bureau. The savings can be significant. The median monthly gross rent in the U.S. in 2017 was $1,012, according to the Census. Assuming you can live at home and save that amount each month, you could save more than $24,000 in two years. Sit down with your parents to see how much they expect you to contribute. For example, paying … [Read more...] about Living with parents? Ways to save on housing costs in your 20s