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Updated almost 9 years ago,
Where Should I Move... Scenario - Help me plan my future
Here is your scenario –
Your financial standing is as follows:
- $80,000 in cash savings
- $70,000 household salary (will be $100k+ in 3-5yrs)
- $20,000 debt (school, cc and medical)
- $0 assets
You are married with no kids and can move anywhere in the U.S. Your only location requirements/desires are as follows:
- Must have warm weather 9+/mo out of the year
- Must have good - strong job market (UI Developer/Nurse)
- Must have relatively low cost of living (unlike the Bay Area)
- Should have healthy real estate market (rentals and flips)
Here are your long-term objectives/goals:
- Purchase at least 10 acres of land to build a small house and start a small permaculture farm
- Become financially independent in 10 years
- Establish the financial foundations for generational wealth
Given this financial standing, these location requirements/desires and these long-term objectives/goals, and a year to plan/move:
- Where do you move to and why?
- How do you start your empire?
- What challenges/obstacles will you look out for?
To give you an idea of where I've currently been looking here are some places that interest me, though I do have reservations about each:
- Charlotte, NC
- Dallas, TX
- Houston, TX
- Kansas City, MO
- Atlanta, GA
- Jacksonville, FL
- Reno, NV
My current (10 min) strategy is to buy a duplex, live in half and rent out half. Wait a few years... refi and buy another property... not really sure.
Thank you for helping me plan and I look forward to hearing your ideas and/or advice!