All Forum Posts by: Madeline LeBrun

Hey @Madeline LeBrun! How long have you been a travel nurse? As these jobs are usually contract-based, and not a W2 employment you will typically need 2 tax returns in the field. The second issue is since you are usually receiving a stipend and other benefits, a lot of your income is nontaxable, which lenders aren't able to use to qualify you. These are the complications with traveling professionals most of the time. But definitely talk to a savvy mortgage broker as they may have other loan products that will work if conventional won't be a route.

You would have a ton of opportunities here in Denver, whether it is an SFR with an ADU, an SFR with a basement apartment, or a small multifamily. There are some great up-and-coming areas in Denver, that I have been steering my MTR clients towards, and if you buy as a Owner Occupant, then you can STR your unit while you are on assignment.

@Madeline LeBrun- thanks .....fyi - many lenders  have  a challenge  regarding approving  travel nurses   unless they have been  doing it for  over  2 years .....if you will need to use a loan and  if you havent already  gotten pre approved -  you  should  get  a loan pre approval  started  as  your  first step 

I've operated a mid term rental in Portland for 3 years. It's a 1/1 condo, by PSU, quick access to the MAX/public transport, w/d in unit, paid street parking. There is more demand in the summer because you get the summer intern and digital nomad crowd, but we've kept our unit booked with mostly OHSU travel nurses. Say what you will about Portland as a market, but rent inflation there will outpace most places. They don't build enough housing and have upward pressure on housing/rent due to Seattle and CA being more expensive. 

There is certainly renter demand for furnished units. It has never taken us more than a week to get a tenant. We typically have a signed lease within a few days of making our unit available.