BiggerPockets Money12 Jun 2023

420: Trading His Man Cave for a “Money Cave” That Makes THOUSANDS a Month

Turning a man cave into a “money cave” Airbnb making thousands of extra dollars a month? It doesn’t get more house-hackable than this! Ron Curtis was able to pick up his first home in a pricey area for only a few thousand dollars. But how he funded his “money cave” is even more impressive. Within just hours, Ron was able to get $20K to renovate and rehab his basement unit, turning a few thousand dollars into two fully-furnished units and a house hack that pays his mortgage for him. Want to hear how he did it? Tune in!

Ron is a serial entrepreneur. If it makes money, Ron has tried it. From renting cars on Turo to managing Airbnbs, starting his own credit repair and financial coaching consultancy, and turning his primary residence into a cash-flowing short-term rental, Ron isn’t messing around. He does all this while still having a typical W2 job, allowing him to save almost all the income he collects so that he can invest even faster. But, just five years ago, Ron was in a different financial state.

After blowing five figures on travel, trips, and going out, Ron took a step back and looked at all the credit card debthe racked up. Thanks to a helpful coworker, he was able to pay it off without succumbing to twenty-plus percent interest rates. Ron used this same strategy to help his friends pay off their debt and eventually start coaching. Now, running multiple cash-flowing businesses, Ron has side hustles that outpace most people’s nine-to-five. So how does he do it all with just twenty-four hours in the day? He’ll share his secrets in this episode!

In This Episode We Cover

The two easiest ways to escape credit card debt (and which one Ron recommends)

Low money down real estate loans and the mortgage programs you MUST know about

Starting your side hustles and the true cost of building a business

Short-term rental house hacking and turning spare space into extra cash

Outsourcing and delegating using VAs (virtual assistants) so you DON’T have to work for your business

Business credit cards and using yours to buy assets that will make you richer

And So Much More!

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Click here to check the full show notes: https://www.biggerpockets.com/blog/money-420

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