Read Millionaire Fastlane
- Jul 16, 2013
Thanks for wishing me luck! You probably didn't read the rest of the thread. We sold the huge house. Made a little money off it but nothing spectacular. Have been paying off debt like a mad man. We just bought a much smaller, more affordable house. Currently in the process of fixing it up and getting moved in. Much happier.Being "House Poor" is a horrible way to live life. Tell me that at least you bought a fixer upper (not just paint and some landscaping) that you can build equity into. I wish you luck.
If it truly is a fixer upper and you can build a good amount of equity into it, I would do that and sell it for a home that you and your family can better afford. Use your saving to invest in other projects to bring in cash flow.