u/Tiny_Witness2678

I assume similar to manufactured homes with anchors/tiedowns, we live in KS and regularly get 60 mph winds not including tornado warnings. We have a shed builder near us who has done a lot of shed to homes and has specific bracings to anchor the shed down and uses hurricane ties as well. We're contemplating a full stem/wall crawl space plus about 10 pier and beams underneath to support load. Only reason we're contemplating this is to dry to avoid underlift from wind but is this overkill?

I assume if a tornado hits the shed, its gone anyways. We will have separate underground tornado shelter. Doing full crawl space plus pier and beams is about 20K more expensive than just doing like 16 pier and beams but I was bit concerned just pier and beams and tie downs wouldnt be secured during wind.

Any experience, would full stem wall crawl space be waste of money?

26M married with SAHM wife, 2 kids under 2. We bought our current house as a foreclosure with currently 90k on mortgage (appraised 245k), its about a $600 mortgage, roughly $1535 all in (property tax, HOI, all utilities). House is in town great neighbors. We also bought 4 acres of cleared ag land with 28k on loan (midwest, i sent letters to about 400 farmers for a year and thats how we got for so cheap). Land has road access, water meter, no septic, electric pole on property no meter tho.

Anyhow, we really want to move onto the land and homestead, pricing to build a small house for about 200k all in...We already have pigs, meat chickens, and orchard out there that I tend to. The thing is we don't really want to sell this current house. it's 2 blocks from a private college where we could realistically rent for $2500 today. we have about 60-65k in 1 Roth and maxing it out yearly. Self employed Income is about 65k net or $5500 monthly, mandatory expenses including current house are about $3000. No debt besides house/land. We have about $90k in a trust from passing of grandparents we can use to put as downpayment on the house.

The napkin math maths: $5500 income - current $3000 expenses vs $5500 + say $1k from rent/airbnb net - 3500 expenses (slightly higher mortgage on new build)

As a sole provider, I'm just kinda nervous to take this jump, wondering if our finances will be okay with another mortgage, if we stay maxing out roth will we be okay for retirement and had that extra rent income? I know loaded questions and will understand if vague answers.

Our thought is either in 2-3 years, rent out or airbnb this house and build out on land where we'd live. Or build out on land stay in this house for a few more years and airbnb the house on land (10 mins away from us). Our thought of airbnb'ing rather than rent is most people airbnb'ing in our small town are parents/families while renters are college kids and with $600 mortgage, I know we could make that up airbnb'ing.

Again, sorry if this is all over the place, just trying to weigh if this is dumb plan and if we stayed maxing out 1 roth ($7500), how we'd do come retirement or if taking on a second mortgage (second being about $110k if we did full $90k trust down payment). Basically I don't want to have more expenses that outweigh the increase in income from rent/mortgage. It's our dream to move onto the land and raise our family there but I don't want to do it at costs of financial pressure which would bring familial pressure

As title implies, I'm looking for some advice. I know this is a unique one for Trad Catholic group, I just feel it may be best understood here. We live in a small KS town that is super Catholic (i'll let you assume, youre probably right lol). We own our house and it's extremely affordable as we bought as a foreclosure (mortgage of $600), we've fixed up and valued at 245k (90k-ish on mortgage). We love our neighborhood, surrounded by great Catholic homeschooling families as we aspire to be, most of their youngest are 8, our oldest is 2 yrs old (2 and 6mo).

Buttt, we also really really want to homestead and raise our kids on some land. A little peak into our interests, We are huge advocates of the Catholic Land Movement, love reading Jason Craig if youre familiar, and Wendell Berry. We max out our in town backyard with chickens, gardens, but its been our goal since we lived in busy KC to move to homestead and raise our kids out there. We found land or it found us a year ago after i wrote letter to about 400 landowners, one lady offered to sell. By God's grace, these 4 acres are the neighboring parcel to a beautiful traditional Catholic Church we go to (we have 4 in our small town, one that is 4 blocks away from current house). We'd only be about 10 mins from current house too if we were to move out to the land. We know many other big involved homeschool families who live just as far. Just hard as young parents (26M and 25F) deciding between what seem like two very good options, which I know is such a blessing in itself. There are people nearby if we were to move to the homestead--not much but like 5-10 houses within mile radius one of which is a newly married younger couple who is pregnant.

A huge factor as it wouldnt be possible without this, we are blessed also that my wife's grandfather has left us with an inheritance of around 200k of which can only be used for investment, can't just withdrawal and buy a car for example. We want to honor him and how he provided for wife and her sisters, and he was big into real estate, our thought is to build a conservatively sized house for that amount (itd be around 1200-1500 sq ft as we already have quotes). and move out to the land, rent out this current house to bring in approximately $1k after taxes, vacancies, mortgage, HOI. This also matters to us as I am self employed and having another income stream would really help us as I don't have tons of time with kiddos/wife after work, this along with living in a paid for house would give more financial freedom but again, just weighing options of moving from a great neighborhood.

So I guess, I'm wondering what would you do? We dont want to sell current house because itd be a source of additional income and in case we hated it on land we could move back, although no plans of that right now. Hard willing to take the jump. We also know now is the best time of any. Below are quick stats if beneficial:

26M single income with 25F SAHM, 2 under 2

Income: 65k or so

Expenses: mandatory 3k/month (includes current mortgage, property tax, HOI, utilities)

Retirement: $60k

Current house: 243k appraised, 100k left on mortgage

edit to add 150k is everything to dry in, im estimating another 50+ for us to finish

we are thinking about shed to home on pier and beam and unsure how to protect from wind? the shed would be custom built by shed builder to house quality in sense of 2x6s, 2x6 floor joists every 12”. we are in KS so I’m just unsure about how well a delivered shed would hold with high winds

I know that title probably makes zero sense, hopefully I can make this make sense.

We bought our current house as foreclosure 3 years ago. We have 150k equity in it, paying a nice $600ish a month on this mortgage. Great block of town, amazing neighbors...but we also have 4 acres of farm land we bought last year with water on it that we dream of moving to and raising kids on, it's just 10 mins away from current house.

We have no debt besides mortgage (90ish-k) and land loan (28k, 5 years), we have about 150k in a trust from wifes grandfather who was big on real estate investing. The rule to access the 150k is it must be used for investment property whether it be build a home, buy a home, etc, but it can't just be saved till retirement and can't be used to buy a cybertruck, etc. That all being said, our thought, using the 150k to build a very moderately sized house (1,000 sq ft) ideally with less than 50k on the loan (150k inheritance, 50k loan) and then living in this house on our farm land. Don't want to do manufactured home due to depreciation and high winds here.

Our current house is only 2 blocks from a priceyyy private Catholic college. The average rent for a 5 bdr (our house) is about $2500 here. Part of us doesnt want to rent the house that we started our family in to college kids every year but we also love idea of the additional income and possibly either 1) fallback of moving back to this house if we left farm or 2) selling this house to our kids eventually. We are blessed to have this house and the farm land and have these choices. Choosing between two great options is a great gift just makes it difficult to decide XD.

Summary stats:

26M self-employed with 25F SAHM

2 kids

mortgage left: 90k-27 years, land loan- 28k -6 years

income- take home roughly $5600

total expenses including current mortgage- about $3k (we max roth, and put money to EF)

Total savings: 60k Roth, 4k savings

Trying to decide:

1. stay in golden goose mortgage and just farm on the land as is (lose bit of family time as I do the farm chores after day of work)
2. build small house with mostly the inheritance and small loan, then rent out current home in town for $2500 (figuring $1k profit [after mortgage, property tax, insurance and $200 misc]). increased income similar amount of family time w/ having to leave farm to now tend to rental
3. build small-medium size house with inheritance, sell our current house in town and use that amount to pay off rest of mortgage and God willing have some left over. similar income, increased family time with family being there on farm to work/live, more flexibility with work schedule with no mortgage and money from house sale saved.

This all being said (Sorry for rambling), Any insight/advice, what would you say? We have obviously never been in this situation and trying to decide which route to go from financial sense or just familial sense. I know there may not be a bad route, just with all options seeming good, difficult choosing one.

we are looking to build a 16x50 home for our family and want it to be efficient and able to withstand winds well here in tornado alley (or better than a shed). we’re looking into shed to home conversions or diy building with 2x8 exterior walls as ive read 2x8s although extra priced you can put spray foam and wool insulation for extra r value. given the goal of efficiency and wind resistance we are also wondering about icf but for the size of a small home we werent sure if thats overkill or not Since a single story smaller home would already have less costs and more wind resistance than Our current 3 story larger home (of which we want to downsize as you see lol).

Anyone build with 2x8s or icf? and anyone find both of these to be overkill compared to just well built 2x6 16x50?

I'm sure this gets asked a lot and I understand quality of prebuilt shed can be lesser. We have local company that builds shed homes that are spec-ed at home reqs. That being said, for a 16x50 with 8' side walls, two lofts, many probably mid quality windows/doors, we were quoted around 40K. I am wondering, I have minimal experience framing, but experience at that, would it be wiser to just diy a 16x60? And cost wise, I have any tools I'd need, would it come out less do people think? I'm wanting to make it properly with sheathing/tyvex, insulation, etc.

i posted yesterday in r/homestead asking for advice as we have about 150k equity in house and 150k inheritance. it has hundred plus comments with many different ideas.

in summary, our house’s mortgage is less than $600 (bought as foreclosure 3 years ago) and could realistically rent out for $2500 as we live two blocks from expensive private college.

we own 4 acres of land and absolutely love it out there. it’s 10-15 mins away. we feel so at peace when we go out and we know we want to be out there and raise our kids there (2 kiddos right now). that being said, it’s hard willing to forego this super cheap mortgage to get a new mortgage. our land has water and is cleared but no septic.

we really like the idea of a manufactured home. at first opposed but we like the more affordability and that it typically isn’t taxed as house but private property and depreciates (in our case we like this, we wouldn’t plan on selling it so I like that it wouldnt raise in value a bunch like our house’s mortgage does which raises property tax a lot).

that being said, ive found new manufactured homes with delivery for 90k-140k obviously still septic, electric and other costs but thankfully land is in county with zero build restriction. our thought would be to rent out our house to the college kids or grad degree kids, figure mortgage plus property tax plus $200-400 misc, after expenses around $1000-1200 a month profit. and move out to the land using about $100k of the inheritance as down payment on the manufactured home then the profit from this house to cover mortgage or to just invest profit (if we were to use full inheritance and try to buy something in cash)

I guess just hard to be willing to take the leap with golden goose mortgage here. i didnt come from wealth so idea of taking on more debt or leaving current home is hard to fathom even though we dream of raising our family on this land. another idea would be to use all of the inheritance to get a small manufactured home and have no debt on that.

appreciate any insight whether reassurance or telling us terrible idea lol.

other details:

26M with 26F SAHM. we earn $5600

total bills and expenses including mortgage/prop tax, HOI, utilities, groceries, etc are $3k

we put $625 in roth, have maxed since i started working, its around $60k

invest another $600-1000 in general brokerage

no debt besides mortgage ($516) and farm land ($240), one vehicle owned outright

i posted yesterday in r/homestead asking for advice as we have about 150k equity in house and 150k inheritance. it has hundred plus comments with many different ideas.

in summary, our house’s mortgage is less than $600 (bought as foreclosure 3 years ago) and could realistically rent out for $2500 as we live two blocks from expensive private college.

we own 4 acres of land and absolutely love it out there. it’s 10-15 mins away. we feel so at peace when we go out and we know we want to be out there and raise our kids there (2 kiddos right now). that being said, it’s hard willing to forego this super cheap mortgage to get a new mortgage. our land has water and is cleared but no septic.

we really like the idea of a manufactured home. at first opposed but we like the more affordability and that it typically isn’t taxed as house but private property and depreciates (in our case we like this, we wouldn’t plan on selling it so I like that it wouldnt raise in value a bunch like our house’s mortgage does which raises property tax a lot).

that being said, ive found new manufactured homes with delivery for 90k-140k obviously still septic, electric and other costs but thankfully land is in county with zero build restriction. our thought would be to rent out our house to the college kids or grad degree kids, figure mortgage plus property tax plus $200-400 misc, after expenses around $1000-1200 a month profit. and move out to the land using about $100k of the inheritance as down payment on the manufactured home then the profit from this house to cover mortgage or to just invest profit (if we were to use full inheritance and try to buy something in cash)

I guess just hard to be willing to take the leap with golden goose mortgage here. i didnt come from wealth so idea of taking on more debt or leaving current home is hard to fathom even though we dream of raising our family on this land. another idea would be to use all of the inheritance to get a small manufactured home and have no debt on that.

appreciate any insight whether reassurance or telling us terrible idea lol.

other details:

26M with 26F SAHM. we earn $5600

total bills and expenses including mortgage/prop tax, HOI, utilities, groceries, etc are $3k

we put $625 in roth, have maxed since i started working, its around $60k

invest another $600-1000 in general brokerage

no debt besides mortgage ($516) and farm land ($240), one vehicle owned outright

i posted yesterday asking for advice as we have about 150k equity in house and 150k inheritance. it has hundred plus comments with many different ideas.

in summary, our house’s mortgage is less than $600 (bought as foreclosure 3 years ago) and could realistically rent out for $2500 as we live two blocks from expensive private college.

we own 4 acres of land and absolutely love it out there. it’s 10-15 mins away. we feel so at peace when we go out and we know we want to be out there and raise our kids there (2 kiddos right now). that being said, it’s hard willing to forego this super cheap mortgage to get a new mortgage. our land has water and is cleared but no septic.

we really like the idea of a manufactured home. at first opposed but we like the more affordability and that it typically isn’t taxed as house but private property and depreciates (in our case we like this, we wouldn’t plan on selling it so I like that it wouldnt raise in value a bunch like our house’s mortgage does which raises property tax a lot).

that being said, ive found new manufactured homes with delivery for 90k-140k obviously still septic, electric and other costs but thankfully land is in county with zero build restriction. our thought would be to rent out our house to the college kids or grad degree kids, figure mortgage plus property tax, after expenses around $1000-1200 a month profit. and move out to the land using about $100k of the inheritance as down payment on the manufactured home.

I guess just hard to be willing to take the leap with golden goose mortgage here. i didnt come from wealth so idea of taking on more debt or leaving current home is hard to fathom even though we dream of raising our family on this land. another idea would be to use all of the inheritance to get a small manufactured home and have no debt on that.

appreciate any insight whether reassurance or telling us terrible idea lol.

other details:

26M with 26F SAHM. we earn $5600

total bills and expenses including mortgage/prop tax, HOI, utilities, groceries, etc are $3k

we put $625 in roth, have maxed since i started working, its around $60k

invest another $600-1000 in general brokerage

no debt besides mortgage ($516) and farm land ($240), one vehicle owned outright

We have 4 acres of farm land with not tons of trees surrounding it, living in Northeast Kansas, we get pretty heavy winds yearly and tornado warnings. We have 150k equity in current house and 150k we inherited from passing of family. We really want to move out to our land, have a driveway and water meter installed but no septic or electric (although electric about 50 ft). It's in the county with no building restrictions/requirements besides septic perc test/inspection.

Our thought would be to put the 150k equity and 150k inheritance towards manufactured home (hopefully 3-4 bedroom new mobile home on block or permanent) to hopefully not have mortgage. We figure we couldn't afford a basement on either stick or mobile home so we'd do a concrete tornado shelter that you place in ground.

My questions are how does manufactured home compare to stick built in long haul? Is it pretty comparable with storms? I assume like stick built, it is the upkeep that matters. Any bigger families out there with kids living in manufactured homes as your forever home?

TIA from mobile home newb

Looking for some outside perspective because I feel like I'm overthinking this.

My wife and I currently have about $150k in equity in our house, and we own some farmland about 10 minutes away where we'd really like to build and eventually live. The land already has a water meter, is cleared, and has electric at the road (just no meter yet), but it still needs a septic system. We really want to live out there and we raise pigs, meat chickens, and sheep seasonally so it'd be extra nice to not drive out there daily for chores.

We would qualify for a USDA zero-down construction loan, but right now we don't have the cash flow to comfortably build our dream home while also paying our current mortgage. After all expenses, we have about $1,000/month left over.

We also have about $140-150k in inheritance from my wife's grandpa that we haven't touched. Because I grew up in a household where money was always very tight, I'm honestly struggling with the idea of using it or taking on a much larger mortgage, even if it makes financial sense.

We're 25 and 26 with two kids under 3.

Here are the options we're considering:

1. Wait a few more years, keep building equity, then use a USDA construction loan and sell our current house once we move.
2. Buy a manufactured home for the land.
3. Build a garage with an apartment above it, live there for several years (or permanently if needed), and build a larger home later if life allows. We're perfectly happy with a modest 3-bedroom house. (this probably wouldnt qualify for USDA as it must be done fully by USDA approved GC)
4. Build a modest "forever home" now (around 28x30, two stories, basic finishes) and try to keep total construction under about $300k. We're in ZIP code 66002, and construction costs seem like they might make that possible. We'd put full inheritance and probably 75% or so of house's equity towards home loan so 250k or more
5. Since our county has almost no building restrictions (basically just septic/perc requirements), we've even wondered about building a weather-tight shell and slowly finishing the interior over several years while living in it.

A few financial details:

• Monthly take-home income: ~$5,600
• Monthly mandatory expenses: ~$3,000
• Of that, about $1,600 is housing/utilities (mortgage, property taxes, insurance, electric, gas, water, internet)
• We currently invest/save about $2,000/month ($700 Roth IRA, $1,300 brokerage/savings)
• Roth IRA balance: ~$60k
• Inheritance: ~$140-150k, untouched

Our current mortgage (excluding taxes/insurance) is only around $600/month because we bought the house as a foreclosure years ago. That's probably the biggest thing making this decision hard. It's difficult to willingly trade such a cheap payment for a much larger one, even though moving to our land has been our dream for years.

Appreciate any advice or guidance, TIA

Edit: Many folks recommend we keep this house and rent it out (could realistically do about $2500 thanks to proximity to private college in town). Then we'd have the rent go towards both this mortgage and new house mortgage? I like this but also love idea of having zero mortgages even if it means less 'passive' income

Looking for some outside perspective because I feel like I'm overthinking this.

My wife and I currently have about $150k in equity in our house, and we own some farmland about 10 minutes away where we'd really like to build and eventually live. The land already has a water meter, is cleared, and has electric at the road (just no meter yet), but it still needs a septic system. We really want to live out there and we raise pigs, meat chickens, and sheep seasonally so it'd be extra nice to not drive out there daily for chores.

We would qualify for a USDA zero-down construction loan, but right now we don't have the cash flow to comfortably build our dream home while also paying our current mortgage. After all expenses, we have about $1,000/month left over.

We also have about $140-150k in inheritance from my wife's grandpa that we haven't touched. Because I grew up in a household where money was always very tight, I'm honestly struggling with the idea of using it or taking on a much larger mortgage, even if it makes financial sense.

We're 25 and 26 with two kids under 3.

Here are the options we're considering:

1. Wait a few more years, keep building equity, then use a USDA construction loan and sell our current house once we move.
2. Buy a manufactured home for the land.
3. Build a garage with an apartment above it, live there for several years (or permanently if needed), and build a larger home later if life allows. We're perfectly happy with a modest 3-bedroom house. (this probably wouldnt qualify for USDA as it must be done fully by USDA approved GC)
4. The one we like the most: Build a modest "forever home" now (around 28x30, two stories, basic finishes) and try to keep total construction under about $300k. We're in ZIP code 66002, and construction costs seem like they might make that possible. We'd put full inheritance and probably 75% or so of house's equity towards home loan so 250k or more
5. Since our county has almost no building restrictions (basically just septic/perc requirements), we've even wondered about building a weather-tight shell and slowly finishing the interior over several years while living in it.

A few financial details:

• Monthly take-home income: ~$5,600
• Monthly mandatory expenses: ~$3,000
• Of that, about $1,600 is housing/utilities (mortgage, property taxes, insurance, electric, gas, water, internet)
• We currently invest/save about $2,000/month ($700 Roth IRA, $1,300 brokerage/savings)
• Roth IRA balance: ~$60k
• Inheritance: ~$140-150k, untouched

Our current mortgage (excluding taxes/insurance) is only around $600/month because we bought the house as a foreclosure years ago. That's probably the biggest thing making this decision hard. It's difficult to willingly trade such a cheap payment for a much larger one, even though moving to our land has been our dream for years.

Appreciate any advice or guidance, TIA

Edit: Many folks recommend we keep this house and rent it out (could realistically do about $2500 thanks to proximity to private college in town). Then we'd have the rent go towards both this mortgage and new house mortgage? I like this but also love idea of having zero mortgages even if it means less 'passive' income

We have close to 150k equity in current home, we have farm land about 10 mins away and really want to move out there, we'd qualify for usda zero down construction loan. but we dont have cash flow now to build forever home while paying our mortgage (about $1k leftover each month currently). we also have 150k in inheritance from wifes gpa we can pull. i grew up where money was very tight so kinda just struggling to think this one through. the land has water meter, cleared, electric pole no meter, and no septic. 2 kids both under 3 our thoughts rn:

wait and just keep building equity in current home until we can do usda home loan and sell current home when we move into the other one

buy manufactured home

build garage with apartment until we build "forever" home keeping in mind the forever home may not come and accepting that (we are fine with smaller living spaces, 3 bdrms)

do usda zero down loan and build 28x30ish 2 story forever home, basic finishes, etc. goal would be to keep below 300k in order to have new mortgage, etc be cheaper than current.

our county has zero building restrictions/permit requirements besides perc test/septic so we wonder of doing shell and just living in a very slow to finish home

if helpful, where we live we could rent out our house for around 1k profit (after mortgage, property tax, before maintenance/vacanies). but we'd much rather just sell this house. if we got rid of current house itd free us up about 1k a month (mortgage plus property tax).

quick finances:

mandatory expenses rn: $3k (bills, groceries, mortgage, insurance, etc etc) Mortgage, property tax, HOI account for only about $1100 of that (bought as foreclosure yay), electric, wifi, gas, water account for another $500. So in total, of our $3k bills, roughly $1600 of that is tied into this house

Income: $5600

Monthly Investments/Savings: $2k ($700 to roth, 1300 brokerage/savings)

Have 60k in roth (we are 25 and 26 with 2 kids)

Also have about 140k we inherited from wife's gpa and haven't touched, that may be helpful lol

I grew up where money was tight, and the idea of moving from a house where our mortgage is like $600 kinda scares me. my goal would be for new house to magically be lower mortgage than current house.

sorry if this makes no sense, trying to weigh options and see if any way we might be able to move out there sooner as that is our dream

We have close to 150k equity in current home, we have farm land about 10 mins away and really want to move out there, we'd qualify for usda zero down construction loan. but we dont have cash flow now to build forever home while paying our mortgage (about $1k leftover each month currently). we also have 150k in inheritance from wifes gpa we can pull. i grew up where money was very tight so kinda just struggling to think this one through. the land has water meter, cleared, electric pole no meter, and no septic. 2 kids both under 3 our thoughts rn:

wait and just keep building equity in current home until we can do usda home loan and sell current home when we move into the other one

buy manufactured home

build garage with apartment until we build "forever" home keeping in mind the forever home may not come and accepting that (we are fine with smaller living spaces, 3 bdrms)

do usda zero down loan and build 28x30ish 2 story forever home, basic finishes, etc. goal would be to keep below 300k in order to have new mortgage, etc be cheaper than current.

our county has zero building restrictions/permit requirements besides perc test/septic so we wonder of doing shell and just living in a very slow to finish home

if helpful, where we live we could rent out our house for around 1k profit (after mortgage, property tax, before maintenance/vacanies). but we'd much rather just sell this house. if we got rid of current house itd free us up about 1k a month (mortgage plus property tax).

quick finances:

mandatory expenses rn: $3k (bills, groceries, mortgage, insurance, etc etc) Mortgage, property tax, HOI account for only about $1100 of that (bought as foreclosure yay), electric, wifi, gas, water account for another $500. So in total, of our $3k bills, roughly $1600 of that is tied into this house

Income: $5600

Monthly Investments/Savings: $2k ($700 to roth, 1300 brokerage/savings)

Have 60k in roth (we are 25 and 26 with 2 kids)

Also have about 140k we inherited from wife's gpa and haven't touched, that may be helpful lol

I grew up where money was tight, and the idea of moving from a house where our mortgage is like $600 kinda scares me. my goal would be for new house to magically be lower mortgage than current house.

sorry if this makes no sense, trying to weigh options and see if any way we might be able to move out there sooner as that is our dream

wanting to move to our 4 acres we own. we cant afford full on house yet but can do a garage with apartment. there are many garage shells that are under $50k. (30x30) bad idea to just buy that and then finish it out with apartment by ourselves or at that point just do shell ourselves too?

in summary, 26M and 25F with 2 kids under 2 :) We make $5300-5600 a month (single income, wife is SAHM). expenses are about $3300-3500 total not including miscellaneous/random. We only have about $1k in emergency fund. As of this past month set up contributions of about $850 towards emergency fund per month while still maxing out roth (1 roth). We have $60k in roth from maxing out since i started working so idea of stopping is bit of mental wrestling, that being said, do we pause roth to build up emergency fund quicker? Things to note, we want to have another baby in 18 months or so. Snapshot:

Income: $5400

Expenses: $3400

Emergency fund: $1k

Roth: $60k

Other: Paid off car, house with 140k equity (bought as foreclosure which is why so much equity)

Debt: Nothing besides mortgage and $240 land loan on our farm land

Trying to figure out how much to invest (im under assumption to max out Roth), how much to put towards emergency fund, how much to put towards shorter term goals

Couple shorter term goals:

Get sheep in 6 months (around 2-3k for supplies), have another baby end of next year (save up 5k for midwife)

26M and 25F with 2 kids

Retirement rn: $60k in Roth, have a house we bought as foreclosure for 100k, current valued 230k. Goal is steady retirement

Only $600 in emergency fund

Income: $5200-5600 depending on OT

Wifi: $36

Electric: $250

Gas: $90

Water: $130

HOI: $140

Car Ins: $60

Health Ins: $169

Mortgage $616

Property tax $425

Life ins $20.50

Car Gas $50

Groceries $800

Phone $26

Homestead feed/supplies: $200

Loans:

Land Loan $240 minimum, paying $300

Tithe: $150

Total Expenses: $3402.5 not including Miscellaneous spending, if we max out roth at about $625/month, that leaves about 1200-1600 a month, how would we invest/save that for our goals, and how much should we allot for miscellaneous to allow for extra spending without overdoing it? TIA from a newb

i’ll do my best to explain well. we live in a small rural town in KS, thankfully there is a nice private college here. the house we live in is an ideal college renting location (2 blocks from school) we bought it as a foreclosure for about 40% current value. we could realistically rent and profit around $2k-2500 including property tax (5 br, most rent for around $500-600 a person if youre a registered college renting house). we love the house and location but we also own farm land about 10 mins out of town and really want to move out there. it has water and electric at corner, but no dwellings, it is wide open flat. our family is growing (2 kids, 1 on way, all under 4). trying to think of ways to grow income.

I know this is so dependent on area, just trying to get idea, is it realistic for us to move out there And live in modular home, ADU, garage with apt, manufactured home, etc that has a lower monthly mortgage than the rent/profit of this home. does that make sense? In other words, do you think we can move out to our farm, build a cheap af home (we are ay okay with it being small for now like 800-1200 sq ft For now)

Wife and I really want to be out on the farm and by moving out there our income would grow (raise sheep and pigs on farm and rent out our current house) but im wondering if the price to build an ADU would negate the $2k-2500 of renting this house out plus maybe a couple hundred a month from selling lambs

TIA. sorry if scrambling just a dad trying to think of solutions lol.