Should I Sell My House or Rent It Out?

man and woman standing in front of their house

As you might recall from our Q1 financial update, we are under contract on a new house. While we are still early in the process, we now have the inspection results back and learned that the house appraised for the total value on our offer. While nothing is guaranteed until closing, these two pieces of information make the transaction more likely to occur. As such, it is time to seriously consider what to do with the house we currently live in. Should I sell it or should I rent it out? We bought this house in the fall of 2016. … Read more…

Q1 2021 Expenses – Back to “Normal” Edition

The first 3 months of 2021 were good for us. I was on paternity leave for a month and half and enjoyed a lot of quality time with my daughters. When that ended, I went back to work and my oldest back to daycare in the middle of February. Other than that, we continued to adjust to life as a family of 4 and made the most of the winter. With that, let’s dive into the numbers: Daycare is once again one of our largest expenses. It started back up in the middle of February so the above is only … Read more…

Q4 2020 Expense Report and Year End Update!

The last 3 months of 2020 were quite special for us. We welcomed our second daughter into this world, and started a new phase of life as a family of four. Fortunately, we had time off from work and my mother in law was here with us to make the transition as smooth as possible. We also enjoyed lots of time outdoors, taking advantage of the fantastic weather and knowing that winter was coming. Last but not least, we celebrated all of our birthdays and enjoyed time together as a family. Let’s Dive Into the Q4 Numbers Health was one … Read more…

Q3 2020 Expenses – Expecting a Baby Edition

The third quarter of 2020 had a little bit of everything. From enjoying lots of time outdoors, to a bit of a personal crisis, to general busyness due to the updated tax filing deadlines this year. Last but not least, we eagerly awaited the arrival of our second daughter and enjoyed the great weather. The due date was in late September but she ended up being born in early October. So that will be a story for the 4th quarter 🙂 With that, let’s dive into the numbers: Daycare used to be our largest expense in early 2020 and prior. In … Read more…

Parental Leave – A Preview Into Early Retirement?

A few weeks ago our second daughter was born. When her older sister was born 4 years ago, I was pretty new at my job so I didn’t get any parental leave benefits. Back then, I just took a couple of vacation weeks and went right back to work. This time around, I’m senior enough to get 16 weeks of parental leave (yay!). Now, I won’t take all 16 weeks in just one go. We are trying to keep the girls home as long as possible so I’ll be splitting the 16 weeks into three chunks. Still, this is the … Read more…

Q2 2020 Expenses – Lockdown Edition

The second quarter of 2020 was mostly about settling into our new reality. With our daughter out of daycare and both of us working from home, we tried to adjust as best as we could and make the most of everyday. On the bright side, we remained healthy, enjoyed more time as a family, and saw our second daughter grow and turn into a baby bump. With that, let’s dive into the numbers: Daycare used to be our largest expense. In Q2 it wasn’t even a line item at all since we pulled our daughter out in the middle of March. … Read more…

Is Rental Real Estate a Good Investment? A Real Life Case Study – 2019 Update

Two years ago, my friend David from fiology.com asked me to take a close look at his performance as a real estate investor. Now that he has filed his 2019 tax return, I’ll be updating his numbers to include the most recent information. If you are new to this case study, I recommend you read the original post to get the full context. If you already read the initial post, feel free to start here for the 2019 update. 2019 Update As you might recall from the original post, David used to own 6 rental properties that he started acquiring back in 2011. The rental … Read more…

Q1 2020 Expenses – $8,892

The first three months of 2020 were unlike anything I have ever seen before. In January we enjoyed hosting friends from out of town. February was relatively uneventful, and then in the middle March the U.S. was practically shut down to avoid the uncontrolled spread of COVID-19. We started working from home, and pulled our daughter out of daycare. Last but not least, we found out we are expecting our second child! Before going any further, I’d like to acknowledge that we are going through challenging times. From the virus, to the dead of George Floyd, and ongoing political divisiveness. … Read more…

Q4 2019 Expense Report & Year End Update! Plus Some Thoughts on COVID-19

The last three months of 2019 were quite busy for us. As soon as tax season started winding down we took a trip to California to celebrate my daughter’s birthday. We enjoyed exploring around Los Angeles, San Diego, coastal towns in between, and Sequoia & Kings Canyon National Parks. Other than that, we enjoyed some fantastic weather in Raleigh spending time as a family. While the last 3 months of 2019 were pretty good on their own right, they seem absolutely glorious given the current state of the world. I’ll write about some my thoughts on the COVID-19 situation towards … Read more…

Q3 2019 Expenses – $6,548

July, August, and September were great months for us. Most of these summer months are relatively slow for me at work. My office closes for the whole week of the 4th of July. This extra time, combined with the great weather, means lots of time spent outdoors with our little one. Without further introduction let’s get into the numbers. Let’s dig into some of the larger and more interesting items. Daycare: not surprisingly daycare continues to be our biggest recurring expense. We are grateful to have found a great place right across the street from our house as it saves us … Read more…