Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 3 months ago on . Most recent reply

User Stats

2
Posts
0
Votes
John Tyler
0
Votes |
2
Posts

Construction/ traveling lineman in real estate

John Tyler
Posted

I have been saving for about 2 years now for my first investment property, and am wondering how you would approach my situation.  Im a journeyman lineman, in the union, and have the ability to work anywhere in the country.  At the moment, all the areas that have big money jobs, as in 6-7 days a week, 10-16 hour days, and good per diem, are in states that would require me to move.   My home state of CT where I currently live, in an apartment which lease is up in march, has limited work, I really only work when storms roll through the North East.  

My food for thought is, do I take the risk for a higher earning potential and travel the country to make more money, or try to keep making it by at home not making as much or saving as much?  I do not think I would have enough money saved up come march to buy my first property if I stayed in Connecticut, and I do not want to resign another rental. If I did travel, id either rent short term, hotel rooms, or go buy a newer truck and a camper, and live out of that full time while I chase the highest paid gigs.

I have $52,000 in my real estate fund, and would like to have bare minimum $100,000 liquid for down payment/closing/ renovations.

I currently spend $1900 a month on rent, before utilities, so believe I could get into a camper/ truck to tow said camper for under that.

I apologize in advance, as majority of people who do not work in powerline construction, or know someone in it, would be confused at my job situation.  It's a guarantee to work if I end up in traveling the high paying areas that are starving for guys.

 

Loading replies...