Travel nurse interested in Real estate investing

[Jacqueline Stoll]

Hello! My name is Jackie. In the past, I was a staff RN of 3 years and have been a travel nurse for the last year. I am very interested in starting out in the real estate investing in the near future. Specifically, I am interested in short term and long term rentals. I do not own any property as of yet. I am a Southern California native  however I am a South Carolina resident as I went to school and worked there for 5 years. I hope to eventually buy my first home in California close to family, however I am open to other locations. 

 I am looking to connect with any other travel nurses and other members who can give some insight on how to go about investing as a traveler in regards to getting approved for a loan not having a substantial amount of taxable income. 

Currently I am doing my research and learning the basics of investing. I am extremely open minded and looking to learn all that I can. Any and all advice would be helpful! Thanks so much.

[Justin Hoggatt]

Good luck on getting started and you're in the right place.  By first home in CA, do you mean that to be your first primary residence?  Or, are you thinking that might be your first short term rental?  For your short term rental, I'd want to make sure you have a good staff setup that is able to be flexible.  It requires a good cleaning crew but that can come from a good manager in this space.  I'm confused about your mention that you don't have substantial taxable income - but I'm assuming this means you don't have a good w-2 for a loan?  Besides this aspect, you'll need a sizable down payment, which I hope you're also taking into effect - rental properties require more down payment than primary residences.  Since you've left the door open here for any help, if you have any more specific questions, feel free to search on here or ask away.  Good Luck