--- title: "Meaning & Key Takeaway of: In my first home that I actually…" description: "\"In my first home that I actually purchased, I built this nice little basement apartment, I moved into it, and I rented out the whole house upstairs. Th..." image: "https://sms4smile.com/quotes/i/3c0/scott-mcgillivray-18272_first-home_in-my-first-home-that-i-actually-purchas_1283438.jpg" --- # In my first home that I actually purchased, I built this… ![“In my first home that I actually purchased, I built this nice little basement apartment, I moved into it, and I rented out the whole house upstairs. That allowed me to live there for free - because that's all I could afford.” quote by Scott McGillivray](https://sms4smile.com/quotes/i/3c0/scott-mcgillivray-18272_first-home_in-my-first-home-that-i-actually-purchas_1283438.jpg) [Download](https://sms4smile.com/quotes/i/3c0/scott-mcgillivray-18272_first-home_in-my-first-home-that-i-actually-purchas_1283438.jpg) [Open image](https://sms4smile.com/quotes/i/3c0/scott-mcgillivray-18272_first-home_in-my-first-home-that-i-actually-purchas_1283438.jpg) > “In my first home that I actually purchased, I built this nice little basement apartment, I moved into it, and I rented out the whole house upstairs. That allowed me to live there for free - because that's all I could afford.” [Scott McGillivray](https://sms4smile.com/quotes/author/scott-mcgillivray/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. The author bought a house, lived in the basement, and rented the upstairs to cover costs, effectively living rent‑free through creative property use. **In simple terms:** Living rent‑free by renting part of your own home. Key Takeaway Use part of your property to offset living expenses. Themes real estate financial creativity homeownership budgeting Mood practical motivational Type advice inspirational When to use this quote - first‑time homebuyers - investment property - budget constraints Key Concepts cash flow asset leveraging Questions to Reflect On - How can you apply similar tactics to your housing? - What risks does this approach entail? A Different Perspective This strategy depends on market demand and property suitability. ★ ★ ★ ★ ★ No ratings yet [First home](https://sms4smile.com/quotes/about/first-home/) [Home](https://sms4smile.com/quotes/about/home/) ## Related quotes > [We used to live in a rented house in Mumbai, and now we live in our own house. 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It is easy to become emotionally attached to a house, and buyers…](https://sms4smile.com/quotes/scott-mcgillivray/before-purchasing-a-fixer-upper-property-make-sure-to-look-at-the/) [Scott McGillivray](https://sms4smile.com/quotes/author/scott-mcgillivray/) > [I didn't come from a real estate background originally. I was going to school for business and was struggling to find a place to…](https://sms4smile.com/quotes/scott-mcgillivray/i-didn-t-come-from-a-real-estate-background-originally-i-was-going-to/) [Scott McGillivray](https://sms4smile.com/quotes/author/scott-mcgillivray/) > [I was one of those late bloomers when it comes to motorcycles. 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It's important to remain rational and stick with your price limit while buying.](https://sms4smile.com/quotes/scott-mcgillivray/buying-a-home-is-a-very-emotional-process-it-s-important-to-remain/) [Scott McGillivray](https://sms4smile.com/quotes/author/scott-mcgillivray/) > [I love a big steak or seafood dinner, but the next day I'm running outside for miles. While of course listening to music. 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When Marilyn Monroe's first film was shown here \[The Asphalt Jungle…](https://sms4smile.com/quotes/diana-dors/i-was-the-first-home-grown-sex-symbol-rather-like-britain-s-naughty/) Diana Dors [Browse all 38 First home quotes ](https://sms4smile.com/quotes/about/first-home/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "In my first home that I actually purchased, I built this nice little basement apartment, I moved into it, and I rented out the whole house upstairs. 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