All Forum Posts by: Jonathan Moomey

Quick intro...My name is Jonathan. I have recently moved to the greater Sacramento area (Roseville) with my family and we are looking to start a path to financial freedom. I am a RN and absolutely love what I do, but have recently decided that, although I love what I do, I would love to do it a little less and have more time with my children before they get "too old for dad." I have a huge interest in real estate investing and have thrown myself all in, looking to sponge up as much information as possible.

Being as new as I am, I am still trying to find my niche and expectations. Admittedly, step one: get out of paying $2500 a month for rent and putting my money to work for me! My first project/deal will be house hacking or finding a property that is undervalued and we can live in while building equity. After that, I am undecided on multi vs single family, but have a feeling that multi will dominate, as I am always looking for bigger and better. Being located in Roseville, I have already verbalized to my wife and now in writing (thus making it real, LOL), I will own property in San Francisco and Tahoe. Period.

Please, reach out, with ANYTHING. Advice, stories, ideas, questions, anything. I feel that networking and communication is the only way to really evolve. I appreciate the community and look forward to being a contributing member.

I don't have any helpful hints from the investing perspective, but I can give personal feedback as an RN that traveled for nearly 7 years all across the country. This would be a HUGE benefit to traveling RN's. It never failed that the hardest thing with any new assignment was housing. Period. At a minimum, you are at a new facility for 12 weeks. More realistically, 6-9 months. However, it is nearly impossible to find anyone willing to do lease terms that short. Think about it from investing, however. You know this tenant is going to have guaranteed income (and a lot of it), and I would argue that the vast majority are responsible and less likely to trash the place, as they are in a new area without the social connections to be throwing large parties at "their own" place.

So to recap, guaranteed income, responsible tenants, and you can charge a premium (as short lease convenience, similar to the way they do month-to-month renters). Only potential drawback would be with shorter lease cycles, potentially higher vacancy rates/times. However, you market and time correctly, I don't see this being an issue.

Market to: nurse staffing agencies specifically (as they often have to relay nurses to long term hotels for housing due to lack of options), hospitals in the area (hang info on staff break room boards), and RN travel websites.

As mentioned, I traveled for nearly eight years as a nurse. I also owned and operated a nurse traveling agency. I have seen the struggle for quality housing from both perspectives and genuinely believe someone could niche this market in appropriate sectors. Would be more than happy to help further if anyone became interested.