Hi all, new here. We just recently (very recently) achieved total debt free status. We did this by a combination of an inheritance and selling our beautiful home in the country and moving to a small fixer upper in town.. My wife, and I, if truth be told, are experiencing a bit of remorse over our home decision, it's small, crowded by neighboring homes, old, noisy and just overall not what we really picture ourselves in. The remodeling so far has turned out well, but it's just not us.
Recently, an older home that my wife has always loved came on the market, it's a big old rambling one story Austin Stone home. The price is a steal because it has some foundation issues and related masonry and carpentry work that needs to be done. We can pick it up for under 50 dollars a square foot. I can do all but the foundation repair.
We both love the house, but I am still getting used to, and loving, being debt free. The thing is, we could rent our little fixer upper that we bought and cover the mortgage, taxes and insurance payment on the new house almost completely. So, we may not be debt free, but we will have our first rental property!. Utilities would cost more, of course, but not a killer amount more.
I'm torn. What would fellow mustacheans do?