Travel Nurse Looking to House Hack then STR/MTR in Portland or Denver

[Madeline LeBrun]

Hi BP community, my partner and I are wanting to invest in real estate and are seeking advice on how to start. We're both travel nurses and have a good amount in savings we're looking to invest. We're based out of Denver but have opportunities for employment in Portland, OR for the next year or so. We know Portland has pretty tight regulations on STR, but what about the midterm market? Our plan would be to house hack while on assignment in Portland, renting out our spare rooms (and hopefully an ADU) on AirBnB while we live there, then convert to MTR once we move out. Is it wise to enter into the Portland market or should we focus on our home market in Denver once we're ready to return home?

[Ryan Thomson]

@Madeline LeBrun I would reach out to @Kayla Givens in Denver to connect about your Denver options. 

As far as what you should do - we would really have to know your goals and your projected numbers in order to give any sort of meaningful and personal advice. What are those?

I will mention that if you are comfortable with whatever the negative monthly cash flow will be when you come back to Denver you should certainly consider buying a house and house hacking while there. Also, you may love it and want to stay. So all the better to have bought your house and be able to do that again in Portland if you decide to stay. I would not recommend waiting to buy real estate.