All Forum Posts by: Allyson Mitchell

I am a traveling healthcare worker and my two major goals are buying multi family properties and going back to school. I either want to go back to school August 2025 or August 2026. It is a very specific one year program that will allow me to make a lot more money in a full time position.

My questions are regarding timeline. I want to buy a house next summer, at that point I will be a traveler for 2 years so I will hopefully appear stable enough to get a loan. Ideally I would want an FHA loan. Would I be able to get a loan if they know I will be without a job for school for a year soon after. I already will have enough saved to make the payments for an entire year while I am in school so if I provide them proof of that will there be an issue? Do I even have to disclose that to them as long as I get the loan before I start school and continue to make payments on time? If I still buy a house next summer but don't start school until 2026 and continue to travel for work, I believe most FHA loans require you to not rent out your permanent residence for the first year following your loan? I was also reading that you have to physically be at the address 6 months out of that year? So could I travel for work 6 months out of that year as long as I am not renting out my primary residence while i am gone, and then live there 6 months? Can I air bnb it in the first year while I am gone, that would be renting so I feel like maybe not? And of course I want it to be a multi family property so no matter what the scenario is, I can always have the other units rented out correct? After the year is up can I house hack the side I was living in like normal? I know I mentioned FHA loan, would the same rules apply to a different loan? Would there be any reason for me to not get an FHA loan and put down a bigger deposit, any benefits to that? I'm sorry this is probably confusing with all my statements with question marks. I'm really just looking for confirmation on what I think I know, advice, clarification.

Hey everybody. I'm thinking about getting a financial advisor, but not too sure how to find one that aligns with my goals. I like to think I'm fairly financially literate and financially sound compared to a lot of other people my age. I have a lot of goals for the next 3 years, and those goals come with large expenses. One thing I'd like help with is narrowing down a time line for those goals and expenses. For example wedding, house down payment, current school loans, and going back to school. Not sure if it is within a financial advisors expertise to help with home loans as well. I would also like to get more into investing, I have a Roth IRA but that is the extent of my investments. I also will probably be getting married next year, so advice on the potential of shared accounts, and also being an advisor for my partner in total as well.

Hi guys. I’ve been researching wholesaling land the last week.  I’m currently trying to figure out the best state for me to start in. I’ve narrowed it down to Tennessee, Florida, North Carolina, Michigan, Alabama, Arkansas, and Indiana. However now I’m struggling to figure out how to narrow it down even further. I’m nervous if I go somewhere over saturated with land wholesalers I won’t have as good of luck.  I based this off of the number of new construction homes in state, how much vacant land, how much those things are selling and their availability, laws, among other things. If anyone has any recommendations on how to narrow it down further or can vouch for one state over another let me know!

Quote from @Raymond J. Rodrigues:

@Allyson Mitchell, I just helped a travel nurse in a similar situation as you buy a home that was turned down by a few other lenders. What state are you looking to purchase your home in? 

The great thing is that I am open to a lot of different states, wherever I can benefit the most really! However I would prefer to stick to south and south east states for a warmer climate in the winter months. 

Hey! My name is Ally and I am a traveling radiation therapist.  A huge reason why I decided to travel was so that I could make more income allowing me to invest in real estate. The income is great, however i’m realizing upon furthering my research that I am probably going to struggle to find a lender. The reason for this being that most lenders see travelers as unstable because we change jobs every 13 weeks, our income often varies, and we often have gaps in our employment between contracts to travel, be around family, ect. When in reality there is a desperate need for healthcare workers around the country and we could have a job tomorrow if we wanted. Any advice to finding a lender under these stipulations would be great. In addition to that, I am also concerned as to how big of a loan I can get, as travelers taxable income is significantly less than what they are actually making with stipends. For example $50,000 a year taxable with all my assignments, but  making $60,000 in stipends. So I’m assuming a lender would only take into account the $50,000 taxable and not the addition $60,000 I would have.  I also have a partner with a full time job and great credit score as well, so maybe my best option would be to include him and have him apply for the mortgage. However I prefer it to just be me as this is currently my goal of becoming financially free through real estate and not his at this time. I am a new to all this and my situation makes things a little more difficult so any recommendations or advice would be great! Thank you☺️