home flipping

The Why Of DIY

November 3, 2019 by Mr. 1500 Days 24 Comments

We're BIG do-it-yourselfers. I love to look at a dated home and imagine the possibilities. Give me your teal toilets. Show me your brown bathtubs. Let me tear out your 1970s decor. I shall make it beautiful. The sense of accomplishment I get from doing the work is incredible. The home we just completed in Colorado was our biggest effort. Here is the before … [Read more...] about The Why Of DIY

Five Tips For Finding Your Next Frank Lloyd Wrong Home To Flip (with Video)

October 14, 2019 by Mr. 1500 Days 13 Comments

Live-in flips are how Mindy and I built the core of our nest egg. The huge advantage of a live-in flip is that unless you're making loads of money, you don't have to pay taxes on the gains. As long as you've lived and owned the home for 2 of the past 5 years, a married couple can make up to $500,000 in profit and pay NO taxes (the limit is $250,000 for the unmarried). And if … [Read more...] about Five Tips For Finding Your Next Frank Lloyd Wrong Home To Flip (with Video)

My goal was to build a debt-free* portfolio of $1,000,000 by February of 2017; 1500 days from the birth of this blog (January 1, 2013). And hey look, I’ve since retired!

Investments only
1/1/13 (The Start): $586,043
1/1/14 (1 Yr Later): $869,635
1/1/15 (2 Yrs Later): $987,351
1/1/16 (3 Yrs Later): $1,057,961
1/1/17 (4 Yrs Later): $1,257,128
1/1/18 (5 Yrs Later): $1,527,701
1/1/19 (6 Yrs Later): $1,549,440
1/1/20 (7 Yrs Later): $2,035,040

2019: Investments only
1/1: $2,035,040

Note: The big jump in 2019 was partly because we bought another home, but kept the previous (much more expensive) one as a rental, so now count it as an investment.

2020 gains: TBD

Overall
Gains: $1,448,997
Net worth**: $2,400,040

*I still have about $80,000 in mortgage debt (which I love!). My solution was to accumulate enough money to cover this or $1,100,000.

**Includes our primary home in addition to our investment portfolio.

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