4.6 • 682 Ratings
🗓️ 22 January 2024
⏱️ 7 minutes
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0:00.0 | brought to you by the every dollar app start budgeting for free today logan's in lexington |
0:07.4 | kentucky hi logan how are you good dave how are you better than i deserve what's up hey so uh real |
0:15.3 | fast i'll give you a a backstory of where i'm at today um uh apr of 22, my wife and I got married. |
0:23.9 | Before we got married, I had about $30,000 in my bank account. |
0:27.8 | She had $5,000 student loan and $17,000 car note. |
0:34.3 | Pretty much as soon as we got married paid that off got that out of |
0:37.8 | out of like to care of we then rented an apartment for a year and decided we're |
0:45.5 | going to stay there until we had enough money to put a good down payment on a house |
0:49.4 | unfortunately after that year we had an opportunity present itself to buy a home from a family friend at a pretty well-discounted price, well below what the home value was. |
1:04.1 | We knew that it was too much house for us. |
1:06.1 | It was a 4,200 square feet house. |
1:08.1 | $315,000 is what we paid for it. |
1:11.3 | First-time homebuyer, so we didn't have any money to put down, 0% downs what we got, 6.25% |
1:18.2 | interest rate. |
1:19.5 | We knew it was going to be a lot, but we tried anyway. |
1:22.5 | We live there up until November of this past year, barely making it, living paycheck to paycheck, |
1:29.2 | struggling, our marriage was struggling, and we just decided we can't do this anymore |
1:33.6 | if we want this to work, and we do. |
1:36.7 | So we end up putting the house up for sale, sold the house in seven days for $415,000, |
1:43.2 | so $100,000 more than we gave for in March. |
1:48.3 | After realtor fees, et cetera, et cetera, we walked away with $77,000. |
1:54.9 | Within the time that we lived in the home, we accumulated $10,000 with a credit card |
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