“You should just look at houses. I bet you would find something that would make you want to move.”
“Oh, I don’t know. We can’t get a mortgage, because we just started a business. Besides, if I sell my house, where will we live?”
My house was small, but I was content. However, browsing real estate ads is something I do for fun, so maybe my friend was onto something. When I saw a house on 2 acres listed for only $18,000, I begged Dylan to take me out to see it.
The house was scary, but the possibilities excited me. A view of the mountains…Two acres of land…Twice the amount of room in the house…I freaked out.
“Dylan, please buy me this house!!!”
We had been slowly getting out of debt. Our home was paid for, and now I was dreaming another one.
When I found out this cheap house had sold for four times the asking price just a few years ago, I wanted it even more. Could we figure out a way to jump on this opportunity? We had more than enough equity in our current home to cover this new place, but we didn’t have time to wait for it to sell.
I remembered the high credit limit on one of our credit cards. That wasn’t enough, but pawing through the bill drawer I pulled out as many statements as I could find. I had canceled a lot of credit cards over the years. How many did I have left?
And what kind of crazy thing were we even thinking? Buying a HOUSE on credit cards!? I am sure Dave Ramsey would not approve.
It was risky, but we decided it was worth it. We put in an offer and began the process of getting money from our credit cards to pay for a HOUSE! It worked! The whole house needed to be gutted, but we would have time to fix it up while we waited for our other house to sell. Or so we thought…
(to be continued)