Family-of-three move into SHED after falling into debt before making huge profit

A family -of-three moved into a shed after struggling with debt during the Covid pandemic.

Nick and Meghan Lucido, from Georgia, US, moved into the 860-square-foot wooden storage unit after they were forced to sell their home in Cumming.

In March 2020 the couple found themselves in financial trouble and decided to sell up before buying a piece of land for $40,000 (£33,000), measuring 8.46 acres.

They then bought the two-storey shed from Home Depot and slowly worked to turn it into a family home, sleeping in a camper van with their young son until it was ready.

The unorthodox decision allowed them to clear $82,000 (£69,000) of debt in nine months.

Have you done something similar to Nick and Meghan? Let us know at webnews@mirror.co.uk

Nick and his wife paid $40,000 for the land after being forced to leave their home (@fitnick_/tiktok)

The home boasts a living room, bedroom and kitchen area (@fitnick_/tiktok)

In an a TikTok video which has already garnered nearly 2 million views, Nick explained: “If you go to any Home Depot, at least in the southeast, you go inside of their parking lot, you’ll typically see sheds.

"This right here is actually a tiny home, Tuff shed from Home Depot, two stories, 860 square feet, one-bedroom, full kitchen, full living room, the porch, then of course we got a chicken coop back there...a deck with our above-ground pool and a trampoline for the little one, of course.”

In a second post Nick did a full tour of the house, showing his son's crib, as well as the laundry area and walk-in wardrobe and shower.

The family lived in a camper van while the shed was being prepared (@fitnick_/tiktok)

The couple's young son sleeps in a cot (@fitnick_/tiktok)

The dad told the New York Post “We never missed a mortgage payment. We were both just really young — young professionals.

"And we had two brand new cars, brand new house, and we were just over our head in debt.”

“We saw a two-story shed in the Home Depot parking lot, and said ‘I think we could make that work.'”

There is a bathroom and walk-in shower (@fitnick_/tiktok)

And after being able to save more money than they ever dreamed of, Nick and Meghan sold the shed in December for $312,000 (£260,000).

It freed them up to then build another home on their land which they have dubbed "the farmhouse".

Nick said in a recent post: “A lot has changed. Good thing for a crazy market and people’s love for tiny homes! We just completed this build.”

The new home is an actual structure with foundations built from the ground up.

Nick said being able to pay everything off and live temporarily in a camper van "was the most freeing experience that I think anyone can ever experience".

The family moved into the "farmhouse" in February.