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)
Real Estate
Live-In Flip: YouTube Home Tour
I never thought that I'd bother with a YouTube channel. Who wants to watch me yammer on? Yikes... Sooo yeah, this is slightly uncomfortable. I'm not sure if it's worse for you or me?!?? I apologize in advance... But, what better way is there to show a home remodel than with video? So, I started a channel: https://www.youtube.com/1500days YouTube Channel! The purpose … [Read more...] about Live-In Flip: YouTube Home Tour
Honey, We Bought Another House! (Why We Now Own Two Homes)
We never intended to live on Spruce Avenue when we bought the home in 2012. We planned on fixing up the sad little home and then turning it into a rental. And sad is an understatement: Uglyhouse But then, something unexpected happened; we discovered that we liked the street... Letting Loose On Spruce The first thing we liked about Spruce Avenue was the location. It … [Read more...] about Honey, We Bought Another House! (Why We Now Own Two Homes)
Honey, We Bought A Coworking Space
If you sleep 8 hours per night, you have 112 conscious hours per week. Throw in a job with a commute and subtract 50 hours. 45% of your time is now gone. Throw a couple children into the mix and BOOM, you barely have time to eat and bathe. It's difficult to keep your head above water. Mrs. 1500 and I did the two-kids-two-jobs dance for a short period of time and it was … [Read more...] about Honey, We Bought A Coworking Space
Serial Entrepreneurs Are Kind of Like Bad Boyfriends
While I'm tagging along with my wife at Podcast Movement in Philadelphia, enjoy this guest post from my friend Eric Bowlin. Like a lot of concepts, serial entrepreneurship might sound amazing at first. But, as you grow as a person, you begin to realize that it takes a lot of energy to grow and develop anything that is worth having. Anecdotally, it seems that if you ask a … [Read more...] about Serial Entrepreneurs Are Kind of Like Bad Boyfriends