Renovation vs. Rebuild - Carl is Building a New House | MHFI 303
Mile High FI Podcast
Outro
Doug closes the episode with show notes, asks for shares and reviews, and gives a final disclaimer.
Doug chats with Carl & Rusty about each of their adventures with housing projects and renovations. Carl details his current project of tearing down a “Frank Lloyd Wrong house” and building one from scratch while sharing insights into his motivations, costs, and specific financing strategies. Rusty shares his experience renovating two homes and the strategic use of a line of credit. Additionally, they delve into considerations of downsizing and the potential of owning second homes.
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Links
- Email Rusty: rustyfromco@gmail.com
- Carl Jensen/1500 Days to Freedom
- Leif Dahleen (Physician on FIRE) on MHFI episode 112
- Buy, Borrow, Die discussion on MHFI episode 252
- Mindy & Carl on Ramit Sethi’s “I Will Teach You To Be Rich”
- Philosophy & ethics discussion on MHFI episode 298
- MHFI Facebook group
- Doug’s site
- Check out Producer Chris’s blog: Epic Financial Journey
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**Disclaimer: The podcast is for informational purposes. Maybe entertainment but we won’t even make such a claim. You shouldn’t take the info as financial, legal, or tax advice. We aren’t certified financial planners or advisors. We’re not qualified for much. So get advice from professionals.**
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Email the show: doug@milehighfi.com
0:00 Introduction
1:31 Carl’s home building journey
8:10 Unique systems & building challenges
15:41 Financing with the Buy, Borrow, Die Strategy
24:09 Rusty’s renovation stories
30:25 Balancing joy & investment
38:58 Downsizing dilemmas
44:03 Different places in different stages of life
51:46 Second homes
59:24 Soundcheck – Taco Bell
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