Buying SF and MF units under $60,000 cash

[Joel Bowen]

My wife and I have really worked hard over the last 18 months to follow our RE Investing dreams. We sat down and figured out our personal finances and we were able to systematically eliminate all of our credit card debt, car payments, and excess spending. 

We have very modest jobs, a Truck driver and a Waitress but we have been very motivated. We started off $6,000 in the negative (credit card debt) with only $1,000 in the bank. Now through some dramatic changes we have approx $50,000 saved debt free. 

I am looking to relocate. I am currently living in Portland, Oregon. The weather here sucks, even if Portland was the BEST opportunity in the states I would still want to locate to somewhere with warmer weather. I am planning on living in Portland until after summer and then relocating around Sept. I estimate my wife and I will have about $60,000 saved by that point. 

I am looking to utilize the BRRR Strategy with the following requirements

• Properties can be bought in cash for $60,000 or less close to rent ready
• Good Rental Market
• Population/job growth is at least slightly on the incline
• Warm climate (No snow), I like 75 degrees +
• Crime is not overwhelming, someplace you could raise a family (No war zones)

On top of the $60,000 I will have saved by Sept 2017, I have a $16,500 line of credit I can instantly utilize at 11% interest. 

My company that I work for has hundreds of hubs throughout the United States so it's very easy for me to get transferred to a preferred location.

Can anyone recommend an area that fits these requirements? Thanks

[Joel Bowen]

Ty @Carolina E., we moved in with my parents for about 13 months which was a key to a lot of the money. My parents let me live there rent free, free electric, free cable, ect. We took advantage of the opportunity. I wanted to stay longer but my wife insisted it was time to rent our own place lol.

My wife also gets 1 free meal from her restaurant for every 4 hours she works so she usually ate free twice a day sometimes getting 3 free meals a day. 

We stopped shopping at Nordstrom and started shopping at good will. Bought $2000 dollar cars in cash instead of car payments. 

We went hardcore keeping track of every single expense on an excel spread sheet and refining our spending each month. Now we have just created a habit and don't have to try. The crazy thing is that I don't feel like I have anything less as far as material possessions.