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Fiery Millennials

Financial Independence from a millennial's point of view.

multi-family

Downsizing, Depreciation, and Debt

By 33 Comments

When I start­ed writ­ing this blog over two years ago, I was liv­ing in a 1,500 sq ft house that fea­tured 3 bed­rooms, 1 bath­room, and tons of clos­et space. I had more space then I ever need­ed. One bed­room for me, one bed­room for my craft space, and the oth­er upstairs for storage/media room/roommate area. I also had a huge kitchen and living […]

Housing Dilemma

By 54 Comments

Now that I have per­ma­nent­ly moved to my new city, it’s time to start look­ing for a mul­ti-fam­i­­ly rental prop­er­ty to buy! I am deter­mined to suc­ceed this time after I failed to buy a prop­er­ty in my old city ear­li­er in 2016. I love only pay­ing $400 in rent to live in my friend’s base­ment, but I’d much rather have […]

House Hunt Update: Shelving the Search

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The time has come. I’m hang­ing up my house hunt­ing hat for now 🙁 I don’t want to stop look­ing. Men­tal­ly, emo­tion­al­ly, mon­e­tar­i­ly: I’m ready to buy a prop­er­ty. The prob­lem lies with the mar­ket in my area. There have been very few hous­es com­ing up for sale, and the ones that have come up are not anywhere […]

Ding Dong the Duplex Deal is Dead

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I’m some­what sad­dened to report my offer for the duplex has been can­celled.  Thanks to the zon­ing issue, my dreams of own­ing a mul­ti-fam­i­­ly rental prop­er­ty have been delayed by quite a bit. The sell­er exhaust­ed all of her avail­able avenues and was­n’t will­ing to fight the board to get the prop­er­ty zoned to mul­ti-fam­i­­ly. Nor was […]

The House Hunt Continues

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This whole house hunt­ing expe­ri­ence has been inter­est­ing and kind of bor­ing at the same time. Inter­est­ing, in that I’m learn­ing new things about the real estate world (and myself) through­out this process, and bor­ing because a good chunk of my time has been spent in the hur­ry up and wait stage. I’ve com­piled a list of properties […]

The House Hunt Begins!

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After return­ing from the Chau­tauqua where I talked at length to Paula, I declared I was going to buy a mul­ti-fam­i­­ly prop­er­ty to rent out and kick­start my pas­sive income stream. That time is now! I’ve spent the last sev­er­al months read­ing up on what seems like every blog post ever writ­ten about rent­ing out mul­ti-fam­i­­ly prop­er­ties, how to look […]