Episode 245 - From Zero to House Hacker: How Tony Cruz Built Wealth in Denver with Co-Living Real Estate Strategy
Description
What if your first real estate deal could pay your mortgage and fast-track financial independence? In this episode of Invest2FI, Craig sits down with Tony Cruz, a first-time house hacker who purchased a $650,000 single-family home in Lakewood, Colorado—all while living abroad in Peru. Tony shares how he saved $60,000 over three years, worked with an investor-friendly agent, and used $15,000 in seller credits to buy down his interest rate from 6.9% to 6.25%.
He explains how he converted the layout into a six-bedroom co-living setup, added egress windows, and completed $65,000 in renovations while preserving privacy by living in the basement. Tony breaks down how he filled his rooms during Denver’s off-season using Roomies and Facebook groups and screened quality tenants with clear standards. This episode is a detailed roadmap for anyone ready to take action on their first house hack, even in a competitive, high-cost market.
Podcast Highlights:
[02:44 ] Tony Cruz joins the show and shares first home goals
[04:01 How Reddit inspired remote work and early FIRE goals
[05:07 ] First homeownership dream and link to house hacking
[10:00 ] Choosing Denver and identifying price limits and tradeoffs
[10:45 ] The value of investor-friendly agents with co-living insight
[14:54 ] Property specs including layout and duplex potential
[23:41 ] Turning 3-bed main listing into 6-7 bedrooms total
[25:55 ] Total $65K renovation cost breakdown and decisions made
[29:27 ] Filled rooms proactively despite offseason tenant timing
[33:10 ] Tenant screening methods and red flag messaging filters
[34:55 ] Managing privacy and shared living as a live-in landlord
[40:05 ] Long-term strategy and personal lessons from first deal
[50:30 ] final advice for first-timers afraid to take the leap
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
Tony Cruz
📸 Instagram: https://www.instagram.com/stay.cruzin/
Use Code: ILOVECRAIG for Coliving Conference discount
United States
