About a month ago, I mentioned we bought ourselves a new house. This is our fourth house we have purchased, and our second one to undergo renovations. What was super exciting for us is this will be my husband’s place for the next few years and then turn into an investment property after that. While it wasn’t his “dream home,” (read: move in ready) this house certainly has great bones and a lot of potential on the back-end for us.
As a military family, we are constantly thinking about the future. What will we do when he retires in 4 years, what assets will we have, and how will we afford our daughter’s college? So investing in property has been a great way to build our retirement plan long-term. However, the only way we can see our investment grow is through hard work, blood, sweat, and tears; emphasis on the sweat part. We like to call it “sweat equity.” (more…)