Turning a Small Investment into High-Yield Real Estate Returns with David Edwards

Описание: 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.


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HOST
Craig Curelop
📸 Instagram:   / thefiguy  
📘 Book: https://store.biggerpockets.com/produ...
🏘️ Buy Real Estate: https://bit.ly/3V3QDze

GUEST
David Edwards
📱 Phone: (917) 482-5894 (text preferred)
👤 Facebook:  / djedwards83  


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


📒 See show notes: https://invest2fi.com/

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