It’s been quite a long time, hasn’t it? October 9th would have made three months!
Well there was something going on I couldn’t really talk about. I wanted to share it very much but couldn’t.
We were closely guarding a secret.
I spent months scouring the internet for advice anonymously. Read books I could get my hands on even though our local library had only one and it wasn’t even very helpful. Spent so much time keeping my mouth shut I didn’t know how I’d ever start talking about it. I had to make a plan completely without help from my online friends and I hated it!
It’s nothing bad.
I know that might make someone wonder why it would be a big deal, unless it was something negative. It’s simple. I’m very, very good at talking about bad things. Uncomfortable things. I don’t mind talking about food pantries and the best way to make multiple meals out of five dollar’s worth of food from Aldi. I’m comfortable talking about struggle, about strife, about the things that go bump in the financial night.
Good things aren’t my wheelhouse. Saying anything good feels like bragging even if it’s only stating a fact. I don’t have the right words for great stuff on the horizon.
That means when we started seriously considering buying the triplex we have been renting a floor of for the past four-years-in-November I didn’t know how to share the dream. I didn’t want to jinx it or mess it up or have someone read the blog and somehow swoop in and snatch it up. I was scared to share the good thing because I believed that sharing would put it in danger of being taken away.
That’s the mindset you have after years of being poor, I think. It’s the mindset I have, anyway. Your mileage may vary.
We close next week.
The first thing we’re doing is turning it into a duplex. The third apartment is in the basement and the entrance is in the backyard and it’s just a mess all around. It wouldn’t be an apartment that anyone I would want to rent to would want.
Oh my goodness.
“I would want to rent to….”
We’re going to be landlords, y’all.
Space is currently a real struggle in our three bedroom apartment. We’re at right around or just under a thousand square feet, but part of that is a room no one can use and part of that is the very large master bedroom with the ever-so-small closet. So we’re going to expand our apartment into the basement and make it a two-story, four-bedroom, 1.5 bath luxury apartment. We will expand, make improvements, give the kids more space, be landlords, and stay here until we pay it off.
Then we want to buy another one.
In the meantime, we’ll be back to bare bones living in order to pay off the massive debt we’ve accrued over the past few years as well a pay off the mortgage in five years.
You heard me! The goal is a five year payoff. I think we can do it, too.
So this little financial blogging corner of the Internet is back open for business. Not the kind of business that makes money. This blog’s job is to document our lives for future generations. So when I’m old and crabby the grandkids can log on and be shocked I had a sense of humor back in the day.
I am sorry it’s been so long since we’ve talked. I didn’t know what else to talk about because our lives have revolved around buying this property for almost a year now. Well, in theory, even longer. But I still remember first moving here and changing my Twitter background to the picture of the lease with our key on top. That was such an emotional day.
Now when we close, we’ll be getting more keys but will continue to use the same one to open our same front door just like we have been since we moved here.
There aren’t words to properly express how much I really love the idea of not moving. We’re less than a block from a park, two blocks from a bike path, less than two blocks from the middle school and maybe five blocks from the cute downtown area. It’s a great location for the kids.
It’s going to take a long time to get the basement renovated. If you ask Mr. Brickie it won’t take long at all, but I think he’s underestimating how long it’s going to take to do demo, move the furnace and water heaters, and then reframe the whole thing. Then there’s all the stuff that comes after framing.
Loads of work. Plus making changes here on the main floor.
Which means this isn’t just a finance blog anymore. I guess it’s going to be a finance and renovation blog. Or a house hacking blog. Or a fledgling real estate investing blog. It’s still going to be a blog about getting debt-free even though we’ve strayed way far away from that path and getting back is going to be a bit of a struggle.
Take your pick. I’m happy to be blogging again.