Construction/ traveling lineman in real estate
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.