Rental Property Investor · Brandon, SD · Member since 2015 · 1k+ posts · 1k+ votes
4y
Oh man, @Beth Blankenbicker, we need nurses! Thanks for making your first post on BP! Since this is a real estate site and not a healthcare site, I'll refrain from arguing for you to be a traveling nurse with real estate on the side.
I recommend you take time right now to put away 10% of your earnings into an investment account separate from your typical bank account. This will be your real estate fund. Start by reading. This website is a great place for book recommendations. The Millionaire Real Estate Investor by Gary Keller is my #1 recommendation. Find meet-up events in your area and network. Determine what niche you will be in - fix/flip, long term hold, short term rentals, wholesaling, multifamily, and many more. Try to find one that interests you and stick to it. Begin evaluating deals even if you don't intend to buy right now. Make your first purchase. Repeat. Good luck to you!
Rental Property Investor · Brandon, SD · Member since 2015 · 1k+ posts · 1k+ votes
4y
Oh man, @Beth Blankenbicker, we need nurses! Thanks for making your first post on BP! Since this is a real estate site and not a healthcare site, I'll refrain from arguing for you to be a traveling nurse with real estate on the side.
I recommend you take time right now to put away 10% of your earnings into an investment account separate from your typical bank account. This will be your real estate fund. Start by reading. This website is a great place for book recommendations. The Millionaire Real Estate Investor by Gary Keller is my #1 recommendation. Find meet-up events in your area and network. Determine what niche you will be in - fix/flip, long term hold, short term rentals, wholesaling, multifamily, and many more. Try to find one that interests you and stick to it. Begin evaluating deals even if you don't intend to buy right now. Make your first purchase. Repeat. Good luck to you!
Real Estate Broker · San Antonio · Member since 2022 · 1k+ posts · 489 votes
4y
Welcome! Excellent goal to have and a great place to network and get started! Always willing to help if you ever have questions! Good luck and godspeed!
@Benjamin Aaker I am currently a traveling nurse and I plan to continue for a few more years but I have just about hit my breaking point. Real estate is my exit strategy. I have been reading and listening to podcasts and attending local investor's meetings and I feel ready to jump in. I would like to flip a property or two to build up some capital and my long term strategy is buy and hold. Wholesaling sounds interesting but I"m always on the go and I just don't think its a good fit for my current work schedule.
Hello! I'm new to Bigger Pockets and am just exploring the website and came across your post. I am also a nurse and can totally sympathize with how you feel!! Good luck to you!
Real Estate Consultant · Ann Arbor, MI · Member since 2022 · 461 posts · 250 votes
4y
Hi Beth-
Thank you for your service as a nurse. As the nurses strike here at the UofM hospital system, I understand this is not an isolated problem.
Support your decision to become financially and career independent with real estate.
Recommend focussing on the BRRRR method and you can find great resources on that topic here on Bigger Pockets.
There are properties that cashflow strongly and fit the BRRRR criteria within an hours drive of my location in Ann Arbor, MI.
You might look within that radius near you for these properties.
Find an investment friendly Realtor with relationships with wholesalers, property managers and contractors to make this experience sustainable for you and your family.
Real Estate Agent · Pittsburgh, PA · Member since 2020 · 82 posts · 76 votes
4y
Hey Beth - Welcome to the journey! If you have any questions regarding the Pittsburgh market or need another meetup in the city to attend, shoot me a message.
@Benjamin Aaker I am currently a traveling nurse and I plan to continue for a few more years but I have just about hit my breaking point. Real estate is my exit strategy. I have been reading and listening to podcasts and attending local investor's meetings and I feel ready to jump in. I would like to flip a property or two to build up some capital and my long term strategy is buy and hold. Wholesaling sounds interesting but I"m always on the go and I just don't think its a good fit for my current work schedule.
Welcome! In a choppy market, I would be more open to optionality in strategy - go in with a rehab investment with an open mind to either flip or BRRRR at the end, whichever way the numbers point to!
Real Estate Agent · Columbus, OH & Cleveland OH · Member since 2021 · 1k+ posts · 2k+ votes
4y
@Beth Blankenbicker Ask questions and learn. I highly recommend you attend local meetups or join a local REIA near you so you can meet in person with local investors and network with them. You should be able to find a good investor-friendly agent through bp in your area. Use them to leverage finding the other members of your team to build it so you can accomplish your goals this year.
@Monte Riding Pittsburgh and surrounding areas is one of the places that interests me for investing - I’m also looking at parts of Florida, South Carolina and Georgia. I’ve decided that finding the “best” area to invest in is less important than just getting started!!
@Lexey Vezzoso I am absolutely interested in other markets! I’m looking at a few in Florida, South Carolina and Georgia. Once I scale up a bit I would consider some higher end areas as well
Realtor · Myrtle Beach, SC · Member since 2016 · 350 posts · 204 votes
3y
@Beth Blankenbicker I love your enthusiasm! And I agree, the most important thing is to just get started. Analysis paralysis keeps so many would-be investors on the sidelines... sometimes forever. If you decide to zero in on South Carolina, and more specifically the Myrtle Beach market, I'd be happy to lend you whatever help I can provide. Feel free to hit me up with questions. Good luck!
Rental Property Investor · Centreville, VA · Member since 2019 · 1k+ posts · 799 votes
3y
Hi Beth, I would love to connect and chat about out of state investing if that is something you want to explore. It is one of the easiest methods to find real estate in different states and scale your portfolio. I would love to connect and discuss.
Investor · Pittsburgh, PA · Member since 2011 · 115 posts · 43 votes
3y
I have been working with several out of town investors. Open Invitation for lunch on me and a tour whatever you'd like to see... Always good to meet new people.