Welcome to the Bigger Puckets Money Podcast, Finance Friday edition, where we interview Josh and talk about rehab overruns, borrowing costs, and the grinded out versus sell your property decision.

Really in the last year, I've had to learn a lot about tracking my own expenses and my own cash flows through the construction process.

And with that, because I took out a construction HELOC, there was some flexibility even there too. But now that I have really substantial housing expenses in the mortgage and the HELOC, I am projecting, I am foreseeing that it's, you know, I'm basically breaking even for the most part when it comes to aftertacks and stuff like that.

Hello, hello, hello, my name is Mindy Jensen and with me as always is my weezing co-hosts GotChent.

I'm going to show you this show always takes my breath away.

That was a good one. Scott and I are here to make financial independence less scary, less just for somebody else to introduce you to every money story because we truly believe financial freedom is attainable for everyone, no matter when or where you're starting.

Whether you want to retire early and travel the world, go on to make big time investments and assets like real estate, start your own business or decide whether to grind it out and pay off a HELOC or sell your property and start over. We'll help you reach your financial goals and get money out of the way so you can launch yourself towards your dreams.

Scott, today we're talking to Josh and I'm really excited to talk to him. He is a younger guy who is on his path to financial independence.

He bought a house hack as we say you should house hack your way to financial independence, house hack your way to get started investing in real estate, which he did and he ran into some cost over runs and some time over runs, which happens frequently when you are doing your very first rehab.

He has he's on the end of that now and now he needs to rent out his property, but he is faced with kind of a big decision. He borrowed a lot of money to rehab the property and now he needs to pay it back and I think you have some good things for him to look at today's things to consider when he's running his numbers.

A lot of our answers lately seem to be now you're in the grind and we've talked to so many people on this show and it seems like 10 years is the sweet spot to go from zero to financially independent 10 years 15 years and I just I want to make sure that people realize 10 years is kind of a long time.

There is a grind aspect to becoming financially independent. We cover it in an hour, but it does take a long time. It is multiple years except for that one guy in California last week who won the $2 billion lottery L by himself or herself. I should say him or herself not to be sexist.

Yeah, they're set for life.

They are set for life.

They are set for life.

Yes.

Their book is much shorter than yours.

Yeah.

Well, great. Should we bring Josh in? Yes, before we do, let's hear a note from my attorney who says the contents of this podcast are informational and nature and are not legal or tax advice and neither Scott nor I nor bigger pockets is engaged in the provision of legal tax or any other advice.

You should seek your own advice from professional advisors, including lawyers and accountants regarding the legal tax and financial implications of any financial decision.

You contemplate before we get into the show.

Here's a word from today's show sponsors. Everyone is wondering where the real estate market is headed. How about a better question? How do I make money in any market cycle?

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