Have you entered the $50 Target gift card giveaway?I got a few emails from ya'll when I announced we bought a new home last week..."Didn't you just buy a home recently?" The answer is yes--we bought a duplex a year and a half ago, and have fixed it up and lived in one half of it with the intention of it being an investment property.
Also, the current house we bought has a daylight basement that is rented out. When we were looking at buying another home, we only considered homes that had rentable space. Knowing we were collecting three rents allowed us to look at homes with higher price points. And with interest rates being at an all time low, our new mortgage is actually less than our mortgage on the duplex. I couldn't believe it when I actually saw the numbers.
We also make money on the extra rooms in our house. If we're not hosting a foreign exchange student, we're renting out a room on airbnb. PLUS, we both work full time--all of this is how we are affording phase one of the remodel on the new house. The house needs a complete remodel, but for now we can only budget for the kitchen and living area. Because I mean...look at this kitchen.
More before pics of the house will be on the blog tomorrow--stay tuned!