Renovation vs. Rebuild - Carl is Building a New House | MHFI 303

Doug chats with Carl & Rusty about each of their adventures with housing projects and renovations.  Carl details his current project of tearing down a “Frank Lloyd Wrong house” and building one from scratch while sharing insights into his motivations, costs, and specific financing strategies.  Rusty shares his experience renovating two homes and the strategic use of a line of credit.  Additionally, they delve into considerations of downsizing and the potential of owning second homes.

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• Guitar Accessories
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• Essentials for Sleep

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Links

• Email Rusty: [email protected]
• Carl Jensen/1500 Days to Freedom
• Leif Dahleen (Physician on FIRE) on MHFI episode 112
• Buy, Borrow, Die discussion on MHFI episode 252
• Mindy & Carl on Ramit Sethi’s “I Will Teach You To Be Rich”
• Philosophy & ethics discussion on MHFI episode 298
• MHFI Facebook group
• Doug’s site
• Check out Producer Chris’s blog: Epic Financial Journey

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**Disclaimer: The podcast is for informational purposes. Maybe entertainment but we won’t even make such a claim. You shouldn’t take the info as financial, legal, or tax advice. We aren’t certified financial planners or advisors. We’re not qualified for much. So get advice from professionals.**

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Email the show: [email protected]

0:00 Introduction

1:31 Carl’s home building journey

8:10 Unique systems & building challenges

15:41 Financing with the Buy, Borrow, Die Strategy

24:09 Rusty’s renovation stories

30:25 Balancing joy & investment

38:58 Downsizing dilemmas

44:03 Different places in different stages of life

51:46 Second homes

59:24 Soundcheck – Taco Bell