home flipping

A New Mortgage With A Side Of Lucky Market Timing

May 5, 2020 by Mr. 1500 Days 29 Comments

Back in September, Mindy and I bought another home to live-in flip. Getting a good deal meant that we'd have to pay cash and close quickly. Here was our plan to come up with $350,000+ and what we'd do after: September 2019: Sell $100,000 in stocks, borrow $200,000 from our HELOC, sell the Acura NSX ($45,000) and use cash savings to fund the home purchase. January 2020: … [Read more...] about A New Mortgage With A Side Of Lucky Market Timing

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 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*

2020: Investments only
1/1: $2,035,040
2/1: $2,118,622
3/1: $2,078,857
4/1: $1,979,773
5/1: $2,491,119**
6/1: $2,526,338
7/1: $2,605,803
8/1: $2,790,942

*Note: The big jump between 2019 and 2020 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.

**Note: We cash-out refinanced our primary home and invested the money, hence the huge increase in the investment part of our portfolio. It also didn’t hurt that our tech stocks had a stupendous month.

2020 investment gains: $755,902

Overall
Gains since 1/1/2013: $2,204,899
Net worth***: $2,940,942

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

Finally, we still have about $370,000 in mortgage debt (which I love!). My solution was to accumulate enough money to cover this or $1,100,000.

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