Travel nurse trying to invest in REI, need advice.

[Marie Griffin]

I need some advice. I'm a travel nurse "2 years". I just purchased a new build home in May of 2021 in Florida "used my VA home loan".

My issue is when going to use a conventional loan I'll have to quit my travel nurse job, take up a local assignment to prove I have a "steady" job. "Had to do this with my first home"

I need a lender who understands REI and travel nurse work. I'm never without a contract unless I want time off. They literally throw offers at travel nurses multiple times a day. I need a lender or someone to guide me in the right direction.

My goal is to obtain a condo on the beach, with beach views and airbnb it. Or to do a "BRRRR", near the beach and my home.

Any advice would be helpful.

Thank yall!

[Chris Allen]

@Marie Griffin I am a travel nurse as well, though I still hold a PRN position at my staff hospital. I have run into this problem as well. I would recommend typing out a very detailed letter explaining your position, how you are paid, and how you have constant assignments. Assuming you have been "nursing" longer than two years, you could ask them to average your income from your staff assignments and your travel assignments. You might also have to go to a smaller bank that keeps loans in house or like someone else mentioned, do a DSCR loan.

Be prepared to give them every w2 you have gotten, contract agreements, and maybe even a letter from your recruiter stating the position, pay and job outlook.