All Forum Posts by: Robin Mikolyski

Thanks, Patricia! Your advice helps me feel better. Listening to all these stories of success sometimes puts pressure on me to do more/better. We do love our little piece of paradise! And it's a tight fit in our home, but it's ours and we send the kids outside a lot!

And thank you, Scott, for your advice. We do plan to rent out our current house and live in the new build. Here they call it an ADU, and we have a big enough lot to do it. Our current house is a 1936 build, so it probably wouldn't be wiser to add onto it. But that would be the cheaper route! Thanks for your perspective on raising kids, too!

Hi, I'm a listener of the Bigger Pockets Money show and will begin listening to the main podcast you have!

My husband and I bought a small home (685 sq ft) in Hawaii in Sep 2017, on a big property (8200 sq ft) with hopes to build a new house in the backyard. But our mortgage payment is so big that we don't know how we can afford to build anytime soon. We have 4 kids and no family on the island. Our strategy from the get-go was to pay down our balance as much as possible in order to qualify for a HELOC. We are putting as much as we can into this mortgage, but are still $30k away from a HELOC. Will we be living in a 2 bed/1 bath till our kids grow up? Should we ditch our dream and move somewhere cheaper? I know no one can really answer this, but maybe there are some money ideas we haven't thought of. I'm working with a bank to see if refi is a possibility to help bring down the monthly payment and increase our cash flow. My husband has a great job, and I'm able to be home with our little ones, just earning a little side money here and there. But I'm interested in other money-making projects I can do from home.

Thanks!