|View from the street of our rental property!|
A lady had purchased the home in hopes of remodeling a little and having it as a rental. During her brief remodel experience, she decided that this life was not for her (construction/landlord). She said she "didn't have the stomach for it". Not sure what that exactly means. Or says about us. We are currently both in the construction business, and landlords. lol. Apparently we're stomaching it.
So we bought (another) house. Are we nuts?! Does this mean that we are suddenly some crazy rich people? Uh, no. In the short term, our monthly finances will be about the same as always (since we have to pay the mortgage). But we are trying to think long term here. The hope is that in about 15 years we will own 2 homes free and clear! So maybe in the long run this will be a good thing for us. Are we 100% sure about the housing markets and the future? No, of course not. But we are attempting to make the best financial decisions we can based on the resources that we have. Never having belonged to any sort of "high income" category we are just plugging along, doing what we can.
|the back of the house, this part houses a back entryway, a laundry room, and a shed.|
I'm very thankful for a forward-thinking husband. I'm too cautious and too much of a worrywart to ever make the big steps like this:-) It was his initial idea for us to purchase a duplex back in 2004. Looking at our finances, he knew we couldn't afford to buy a house, unless we could also make money off it. In the lean times (work wise), there is no way we would have "made it", had it not been for this house, and the income we get from it.
God has been so good to us, and we're grateful. We will try our very best to be faithful stewards.
I'll post a few more pics for the interested. It's a completely unfurnished home, so...not much to look at. It's about 1100 sq ft, 2 bedrooms, 1 bath.
|The breakfast nook. All the house has new quarter round, but none of it is painted. Job for Darla, I bet!|
|The laundry room is in the "shed" area off the back of the house. It is quite spacious and has 2 new appliances|
|looking from the kitchen, through the dining room and living room, to the front door.|
|The bedrooms are a very good size, despite the pic angles. It is just a little smaller (by about 1 bedroom) from our current house (lower floor only). It has much better storage than our current house!|