New Investor - excited for the future

Member since 2026 · 1 post · 4 votes

Hi-I'm Elise and I'm ready to take the plunge and start investing. I've listened to Bigger Pockets, Real Estate Rookie, etc and I feel like it's time. I originally wanted to focus on student housing around large universities, specifically for upper classmen such as those seeking doctorates. I'm not even sure if there's a way to even focus on those types of renters. I'm also interested in having renters who are traveling nurses. I live in South Louisiana but I have no desire to focus in this area. I am interested in Charlotte, NC and possibly Winston=Salem, NC.

This is both scary and exciting so if there's any advice anyone would like to share with me it's greatly appreciated.

Thanks!

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Denise SuppleeBusiness Member

Realtor · Willow Grove, PA · Member since 2017 · 993 posts · 647 votes

8mo

Hi @Elise Grant, So exciting! Make sure you understand the laws of the locality you are renting in. There are so many automation choices that make renting short term much easier than it used to be. Take advantage of those. It is easy to get burnt out by trying to do it all yourself. Best of luck to you!

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Tim KirkPro Member
Member since 2026 · 88 posts · 53 votes
8mo
Hi Elise. Dive in and go for it. I assume acquiring properties near hospitals and offering them as mid term rentals could be a good strategy to pursue. We’ve been looking for a duplex near our local university in hopes of marketing it to grad students but haven’t been able to find a good deal yet. Good luck 🤘🏻
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Denise SuppleeBusiness Member
Realtor · Willow Grove, PA · Member since 2017 · 993 posts · 647 votes
8mo
Hi @Elise Grant, So exciting! Make sure you understand the laws of the locality you are renting in. There are so many automation choices that make renting short term much easier than it used to be. Take advantage of those. It is easy to get burnt out by trying to do it all yourself. Best of luck to you!

Spark Rental Co-Investing Club582 Reviews
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Curtis WatersBusiness Member
Rental Property Investor · Charlotte, NC · Member since 2013 · 292 posts · 176 votes
8mo
I had many ideas when I started in 2014 - but I found that waiting for my target was not moving me forward. I now have over 150 rentals in adjoining Charlotte counties. Be open to moving your focus.
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Kiernan LaFaver
Real Estate Agent · Central New York · Member since 2023 · 207 posts · 96 votes
8mo
Welcome! As others have mentioned, make sure you are keenly aware of any local rules/regulations regarding rental property in the areas you're looking in. Outside of that, finding an investor friendly agent in that area is going to be paramount. They will understand the subtleties of each neighborhood, and can help narrow down areas based on your preferred goals with students and traveling professionals. If you haven't visited the area, I would encourage that if possible just to get a better idea of the neighborhoods and really confirm what you're looking for. After that, I would say having a reliable team of lender, attorney, and inspectors/PM is also essential to help close whatever deals you come across. Happy to help and be a resource, and wishing you the best!
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Mike PaolucciBusiness Member
Realtor · Columbus Cleveland Dayton, OH · Member since 2022 · 501 posts · 553 votes
8mo
Quote from @Elise Grant:

Hi-I'm Elise and I'm ready to take the plunge and start investing. I've listened to Bigger Pockets, Real Estate Rookie, etc and I feel like it's time. I originally wanted to focus on student housing around large universities, specifically for upper classmen such as those seeking doctorates. I'm not even sure if there's a way to even focus on those types of renters. I'm also interested in having renters who are traveling nurses. I live in South Louisiana but I have no desire to focus in this area. I am interested in Charlotte, NC and possibly Winston=Salem, NC.

This is both scary and exciting so if there's any advice anyone would like to share with me it's greatly appreciated.

Thanks!

Hi @Elise Grant. Welcome to BP and congrats on taking a great first step.
Best piece of advice I can give you is to do your research and push through the initial fear. It's definitely a big step to take but you'll be really glad you took it. You'll learn and grow a lot from the experience.
I'd recommend starting off with a turnkey single family rental. Great way to get started, relatively cheap to do so and will be a great foundation for future purchases. You'll learn a lot from your first property and that knowledge will compound into everything else you do!
Happy to chat further and answer any questions you might have.
[email protected]614-892-9184
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Member since 2026 · 6 posts · 1 vote
8mo
Welcome to the community, Elise! Transitioning from listening to doing is the biggest hurdle. For student housing, you can target grad students by vetting for specific enrollment proof or looking at properties near medical/law schools. For traveling nurses, Furnished Finder is a gold mine. Charlotte and Winston-Salem are solid growth markets. Focus on building your 'boots on the ground' team since you're out of state—that's the key to scaling without the stress. Good luck!
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