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

Renovation vs. Rebuild – Carl is Building a New House | MHFI 303