Comments on: Master the BIG Stuff – Housing

By: Court and Nic

Court and Nic — Thu, 15 Jun 2023 15:22:24 +0000

In reply to Dana. We're an open book haha happy to share. We did not receive any sort of financial help from family for the downpayment. Nic was still in school and we had just met. I was making around $70,000 at the time and was able to save well over 50% of my income by living a frugal lifestyle. Paid off the $65,000 in student loans from early 2009 (when I first started my job) - mid 2011 and then started saving for the house downpayment which was purchased in (I believe) mid 2012. We definitely got lucky with the townhouse price! Which is why I felt like I had to jump on the opportunity! Florida (along with other places but Florida particularly got hit hard) with the housing crisis and many homes were distressed properties and going through foreclosure.

By: Dana

Dana — Tue, 06 Jun 2023 22:43:43 +0000

Hi! I’m curious (OK, nosy!) about the $34,000 downpayment on the Florida townhouse. Did you just save that up or did you have family help? (Trying to figure out the timelines of when you were students, as most students don’t make/have enough to save up a downpayment.)

Also blown away at a three-bedroom townhouse for around $225k CAD! Even 10 years ago you wouldn’t have been able to find that in most of Canada. 🙁

By: It’s Happening! We Reached FIRE and Retired Early In Our 30s! - Local Calgary News

Sat, 01 Oct 2022 16:19:05 +0000

[…] living in the States this number was in USD and when we were in Canada this was in CAD). We also house hacked and had rental income coming in for multiple years (2012-2017 and 2020-2022). Nic worked for a […]

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[…] Master The Big Stuff—Housing […]

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[…] but also side hustles, real estate, travel blogging, etc. On this episode we talk about focusing on reducing you spending on the big expenses, our house hacking experience in Florida, why we chose to still have a mortgage today, and why we […]

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[…] instead of on your own if you’re renting to cut your rental costs in half. Or you can house hack like us where we purchased a townhouse and rented out 3 of the 4 bedrooms to pay off our mortgage in 2.5 […]

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