We've had a lot of people asking how we built our house debt free. So this video is for you. Please note that this video is how we did it and it will look different for you. The biggest key was paying off our debt FIRST so we had cash flow to work with. Then, we used those principles to save and cashflow the house. It's NOT going to be easy, but it is possible!
The backstory is that we are a family of 5 that sold about 60% of our belongings and our 1800 square foot house to downsize. Now we have a 1000 square foot house in the country that’s DEBT FREE! We hope to inspire others to do the same and get the freedom we have gotten in life!
Our floorplan: http://latigolife.com/our-small-home-floorplan/
Dave Ramsey's Financial Peace University: https://bit.ly/2FqvnwA
Our debt free story: https://youtu.be/O74XGSrC3BM?t=2m44s
Our GoDownsize feature video referenced about our story: https://www.youtube.com/watch?v=UQpDjcsG0uw
Life After Debt series: https://www.youtube.com/playlist?list=PLW99PpBhXpDIPi8fAApLq5KsCayfkGS4Z
Our small home playlist: https://www.youtube.com/playlist?list=PLW99PpBhXpDIRjlUwGXP_RoMulx6OaArz
Want to support our video creation to keep it going? Partner with us on Patreon and get some cool perks for doing so. We hope to see you there! https://www.patreon.com/latigolife
What's Patreon you say? It's a membership platform where artists get paid for the work they create. You choose your level of involvement and commitment and we'll keep our end of the deal. Make sure to visit the link above for more information!
Tiny homes: Photo by Niv Rozenberg on Unsplash
Mansion: Photo by Vita Vilcina on Unsplash
House in the Woods: Photo by Flo Pappert on Unsplash
great video..only thing i strongly disagree with is how to get a "good contractor" any joe blow can get on google, yelp, home advisor ect. burning up the phone untill you get someone whos available that second is a huge mistake. good contractors are busy. simple as that. my suggestion is go to the city permit office and ask them this. who comes in here alot and knows there stuff. you will be introduced to the the pablo escobar of plumbing in your area. you cant fake that
Awesome! I’m meeting with a local design firm tomorrow tomorrow who has done these & timber frames. Still undecided but we will have a nice valley type view from a hill on property I own. I became debt free a couple years ago & count Dave Ramsey as a huge influence. Iv saved 30k. Putting my lake property on the market and it’s been assessed for about 30-35k. Hot market currently so they expect it to sell by spring. We plan to be married about this time next year, so we want 1500sf or so. Half loft possibly. Would it be wise to begin on this project this winter? I’m expecting to have a total of 40-45k by March, not counting what lake property brings. Current home will also be sold next year likely 35-45k. Any advice I’ll take, thanks and awesome job!
Hey sounds like a good plan! I think you're on track depending on how much you make of the property and how much materials are in your area. We built in the winter (mainly Oct-Jan) but we are in North Texas so even winter isn't that cold. Once we got the building dried in, it was simple to work on it even if it was raining out. Muddy and messy, but possible. :D
I hope this helps. Best of luck!
Just curious how long it took to build the house. I noticed in a comment down below you said you did a lot of the work yourself. Just wondering what exactly you did yourself and what you had the contracter do and how long it took from start to finish.
Start to finish it was about 5 months. The actual building was probably a 3 month process once we got the frame done. We hired out for things like septic, electric, plumbing, spray foam insulation and the metal frame of the building. We did all the interior work as far as framing, sheetrock, texturing, flooring, painting, kitchen cabinets (Ikea) and top-out plumbing like toilets and fixtures. I hope that answers your question :D
I’m so inspired by you all! My husband and I also have three kids and are looking to downsize and do it this way. We also have similar income range and debt (almost done with that) so I feel we can almost mimic your situation! A few questions. You sold your house first and then did you rent or buy in between? I definitely plan on buying your floor plan thing you mentioned. Would that give details about how you went about getting the metal frame etc? I will check that out while I wait for your reply! Thanks so much for sharing this, it’s so inspiring.
rhonda robinson it was just some cheap laminate we found from someone on Craigslist. I don’t suggest it at all. But it did only cost us a couple hundred so it worked for what we needed until we can replace it later on.
Great video! Kenw you were a Brother as soon as you started talking. I'm 66 and been debt free for over 20 years. Retired two years ago and my wife and I just found our dream property with a fantastic mountain/river view here in Alaska on the Kenai Peninsula. We want to build a pole barn straw bale infill house/shop (I'm a wookworker/maker/fixer and she has a quilt studio).
You've got your head on right young man. I wish my adult sons would start smellin what your smokin.
GOD bless you and give you GRACE to raise that beautiful family.
They put a lot of work into planning their house, then the time it takes to create this content. Nothing wrong with monetizing this effort. If people appreciate the info they are sharing they will be glad to chip in $17 for plans that they can appreciate from people they appreciate.
This was so helpful. We have dreamed of building a barn home for years. Finally are close to where we feel we can soon start that process. Family of 7 kids , homeschool as well and can’t wait to do it. Your videos are inspiring ! Thank you for sharing !
Amanda Mills our cost minus the land was around $65k. We did a lot of work ourselves to save where we could. Materials, land and contractors will vary depending on the area so it’s really hard to say a specific cost. Does that help?
Download the appropriate system image for your device below, then unzip it to a safe directory.
Connect your device to your computer over USB.
Start the device in fastboot mode with one of the following methods:
Using the adb tool: With the device powered on, execute:
Using a key combo: Turn the device off, then turn it on and immediately hold down the relevant key combination for your device.
If necessary, unlock the devices bootloader using one of the following methods:
If you are updating a Nexus or Pixel device that is manufactured in 2015 or later (for example, a Nexus 5X, Nexus 6P, Pixel, Pixel XL, Pixel 2 or Pixel 2 XL device), run this command:
For Pixel 2: To flash the bootloader, Pixel 2s boot loader must be updated to at least Oreo MR1s version first. This may be done by applying an over-the-air (OTA) update, or sideloading a full OTA with the instructions on that page.
For Pixel 2 XL only with loader version prior to TMZ20a: the critical partitions may also need to be unlocked before flashing. The unlock can be performed with this command, and should NOT be done on other devices:
If you are updating an older device, run this command:
The target device will show you a confirmation screen. (This erases all data on the target device.)
See Unlocking the bootloader for more detailed instructions.
Open a terminal and navigate to the unzipped system image directory.