Owning Rental Properties as a Travel Nurse

[Benny Dong]

Hi all, I am currently a Travel Nurse in San Diego, CA. I'm 24 and I've learned quickly that I don't want to be tied down to an hourly job much longer and would rather work when I want but have free time to do what I enjoy on the side. I've been listening to Bigger Pockets for a while now and just recently decided to actually use my BP account. I've considered many different methods including house hacking, BRRRR, multi-family homes, and turnkey properties. I love to travel and don't stay at one place for over a year so that kind of kills the house hacking idea. I plan on staying in California too for the foreseeable future and I definitely don't have the capital nor want to buy my first property here. I am thinking of out of state investing.

I guess what I'm asking here is if anyone can give me tips or guidance on where I should start? I'm thinking now of turnkey properties that I can be pretty hands off on while still getting a positive cashflow each month. I'm looking into turnkey properties in Memphis (Memphis invest) and Jacksonville (JWN) so if anyone has experience working with those companies, feel free to PM me or leave your experience with them below! If anyone has recommendations on good investment areas too, I would love to take a look. I've considered Tampa FL, Las Vegas, and Arizona. I haven't looked into turnkey until recently so I would love to connect with anyone that has had success with turnkey profits. I'm also open to other investment ideas that can help my money work! 

Anything helps an

[Twana Rasoul]

@Benny Dong I encourage you to reconsider househacking in San Diego for a year and then converting to a long term rental. You will likely invest less capital buying an 800-900k duplex than buying turnkey properties in random out of state market.

Also, if you want to grow the most amount of wealth you will do it here in San Diego than in some cashflow market that gives you $100/month cashflow and little appreciation in value and rental potential.

You are young, if you want to get wealthy in the stock market overtime then a financial advisor would encourage you to invest in growth stocks (appreciation) vs when you are getting ready to retire, switching out to something that has very little growth but pays monthly dividends (cashflow)

It is very similar in real estate, appreciation will make you most of your wealth overtime. Take advantage of the great market that you live in