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Updated about 2 years ago on . Most recent reply
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Transitioning Nurse to REI
Hello. I been interested in REI since 2018 but have a current career in nursing so have not dedicated myself to investing much. I am looking to transition into real estate full time! I am a current wholesaler but cold calling is the worst for me. I am interested in working in RE to get to know the business more. Just looking to network and possibly meet up with like minded individuals.
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Hi there! I graduated with my Bachelors of Nursing in May 2019 and knew I was going to be purchasing rental properties. I read all the BP books, listened to the podcasts alot and started with a house hack. While in orientation purchased another live in fixer upper and turned my first into a rental. Ended up getting my real estate license while being a full time ICU nurse at the end of 2020. Utilized my 4 days off a week to slowly try and get clients for the agent side of things along with some assistance with leads from my broker. Flash forward to 2021 - saved up as much as I could from the ICU nurse W2 position and purchased 2 more rentals - ended up going PRN at this time and picking up shifts when I could - then purchased my first self storage facility. My agent business started scaling up and kept purchasing storage facilities. I officially quit nursing about 5-6 months ago, have been quite successful as a full time real estate agent helping investors purchase properties in Kansas City and my real estate portfolio monthly cash flow has completely replaced my ICU nurse salary. Slow but steady and you can do it too. Wholesaling is great for some additional active income but you really need to focus on purchasing some buy and hold real estate for passive income. Utilize that W2 income to get as many conventional loans as you can and if you are in a position to house hack I 100% recommend starting that way.
- Steven May