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@ mntle
2025-03-25 10:55:04
_Originally written and posted on the 12th of December, 2024_
Emotionally, it's been challenging to say the least, and the heat just exacerbates the frustration. But don't let that fool you; we've made significant progress. We found our dream property over two months ago for $130,000. 3 hectares of land, but 2 hectares of it is unusable. This was perfectly okay with us as it's going to be a massive effort for one person anyway.
Two months ago, we put in an offer and they accepted it. However, we are not well off by any means; most weeks, we just scrape by. We have two properties - a property in the Far North that we've been renting out to pay the mortgage ($70,000 remaining), and the one we live in which has almost the entire mortgage outstanding.
So how can we afford another property? Well it's no simple feat! First, we need to sell our Rental Property for around $400,000 (a reasonable market rate). Once that sells, about $170,000 in equity gets transferred to the mortgage of the property we're currently living in. After paying off the last of the mortgage on the rental property and shifting the equity to our current property, that will leave us with almost nothing after legal fees and real estate agent fees.
This amount remaining barely covers the cost of the property we put an offer on - our dream property. It's a humbling experience realizing just how far we still have to go in this journey towards self-sufficiency.
It's a sober reminder that we can't rush it, but should rather embrace each step along the way. For better or for worse, we must adapt and learn from every situation as it comes our way. After all, we can only control what's within our reach; the rest is just a matter of time and patience.
Perhaps it's not about achieving self-sufficiency, but truly embracing the journey itself. The path towards that dream property we've been longing for may take longer than expected, but as long as we have each other and keep pushing forward, I can't think of anything more rewarding than seeing our vision unfold step by step.
I have to remember to cherish the memories and experiences along this road, because it's those moments that will truly make the journey worthwhile.