One DAD has shared how he managed to make a profit by moving his family to a home storage shed in Georgia when his family ran into debt.
Nick Lucido and his wife Meghan found themselves in financial distress after their spending spiraled out of control.
“We’ve never missed a mortgage payment,” Nick told the Post.
“We were both very young – young professionals. And we had two brand new cars, a brand new house, and we were just over our heads in debt.”
In an Instagram post, Nick explained, “Including student loan debt, cars, mortgages, and local food out and have fun, we just barely missed.”
After Meghan got pregnant, the couple had to sell their 2,000-square-foot home in the town of Cumming.
In March 2020, Nick and his wife purchased a $40,000 property covering 8.46 acres.
“We saw a two-story shed in the Home Depot parking lot and were like, ‘I think we could make this work,'” Nick explained.
After purchasing the 9,000-square-foot “Tiny Cabin,” the young parents slowly transformed the wooden structure into a home ready for “full-time living.”
During this time, the young father explains, the little family lived in a mobile home – to save money.
On his social account, Nick revealed the atypical move allowed them to become debt-free by paying off $82,000 in just nine months.
On TikTok, Nick gave viewers a tour of the shed in a viral video.
The father said: “If you go to a Home Depot, at least in the Southeast, go into the parking lot, you’ll usually see sheds … this is actually a tiny house, Tuff Shed by Home Depot, two stories, 860 square feet, a Bedrooms, a full kitchen, a full living room, the porch, then of course we have a chicken coop back there… a patio with our above ground pool and of course a trampoline for the little ones. ”
Nick and Meghan’s toddler currently sleeps in the only bedroom in the house, which also includes a full washer/dryer area, walk-in closet and shower.
Nick went on to explain that the couple eventually flipped the renovated shed and eventually sold both the home and property for $312,000 in December.
The couple have now moved into a new, two-story home, dubbed the Farmhouse.
“We moved in February this year,” added Nick. “The house is ready. And we got the dream house.”
https://www.the-sun.com/lifestyle/5794821/bought-home-depot-shed-now-debt-free-made-profit/ I moved into a Home Depot shed with my family after getting into debt – now we’ve sold it for $300,000