Garage Pics

[Hamster]

+Leegamer Yep, I depend on the rent money to pay my property taxes. So, I need to squeeze out every extra penny I can. Although, if I can pull a permit, I may be able to build a carport space off to the side of the garage. Then I could make the tenant park in the carport and I can get the other garage space. This is an older picture. The shed you see is now gone, and that's the potential carport spot. However, that potential carport spot may or may not be on a utility easement. I would need to check with the city. Anyway, I wouldn't do any of this until my duplex is paid off in a couple of years. I prefer to pay off my mortgage debt before I even begin to consider buying any toys.

Anyway, I feel you on needing storage! A lot of my seasonal stuff, like gardening tools, wind up in my basement. That shed came with the property, but I had to have my contractor tear it down because it kept attracting thieves. And I live in a very good area. But because it's a nice area, we get a lot of opioid addicts coming in looking for stuff to steal and pawn. Oh well.

[justanotherdrunk]

Originally Posted by Hamster

I prefer to pay off my mortgage debt before I even begin to consider buying any toys.

one of the most correct statements ever posted on the internet!

[Hamster]

+justanotherdrunk Thank you! Full disclosure: My real-life job is an accountant. Though I work in the public sector (government job), not for a tax firm or anything like that. Of course, I learned about how money works through the accounting and finance classes I had to take in college. Every dollar I spend now is a dollar that I can't invest, or a dollar that I'll have to pay interest on because I didn't use it to make extra principal payments on my mortgage. I bought my property in 2014, and I expect to have it paid off next year. That required a lot of sacrifice, but it was totally worth it. It's too bad there's so little financial literacy in this country. People spend so much of their hard-earned money on interest payments, and that's a real shame.

[Leegamer]

Originally Posted by justanotherdrunk

one of the most correct statements ever posted on the internet!

Agreed. I payed quite a bit extra every year towards my previous one and paid down about 30k in principle extra over 2.5 years. It really make a big difference.