I'm a 33 year old registered nurse. I'm married with a 2 year old. I worked for a real estate agent for 2 years when I was younger, I basically would help her value houses as she was doing 75 contracts a year, most of which were REO. I own a forever house which we will have paid off in 9 years.

I have always wanted to buy and hold property for residual income to allow me to set my own schedule, do things my way and have something to do when older. After spending the last decade in nursing, I would also like to retire from nursing early, hopefully in the next 10 years but I'm not certain that's realistic. Perhaps 20 years is. Too many unhealthy and unhappy older nurses for me do this for 30 more years. I don't have much debt, I own 20k on a car I just purchased, 5k in cc debt, and 140k on my house worth about 500k. My wife has 50k in student loan debt which I pay for her since she needs help. Combined we make 200k a year and save about 2500 a month. I have about 180k in my ira and I also have a pension. My wife has a pension and about 25k in an IRA.

Im at square one here so I have purchased a few books and hope to meet some people in real estate club meetings. My brother in-law is a guru in this sort of thing so he is a resource although he doesn't do residential, most retirement homes.

Goal is to buy residential property and funnel all profit back into the company until I can net 15k a month, then retire from nursing and just manage and grow the business. Wife loves her job and wants to work 35 more years.

Im here to learn so please send good info my way!

Thanks

Christian Mollere

1 Vote

11 Replies

Jump to Last Reply

Hello from Bakersfield, CA

Most Popular Reply