169: From Flight Nurse to Financially Fruitful Landlord with 7 Units (in 2 Years!) w/Stacey Stegenga

Stacey Stegenga wasn’t always a landlord, she was a nurse. But not just any nurse, Stacey was a flight nurse, helping transport military patients across the US. When she stepped away from flight-nursing, she picked up travel nursing, moving around the US for months at a time to provide medical care wherever needed. She finally ended up in Denver, where her pay was cut in half and her expenses saw a drastic boost.

This was a massive change for Stacey. She wasn’t the best at budgeting and knew she needed more income. After stumbling upon the book Set for Life, by our own Scott Trench, she knew that the most logical conclusion to fix her financial troubles was saving, house hacking, and real estate investing. But at the age of thirty-three, Stacey questioned whether or not she was too late to get in on the cash-flowing action.

After educating herself intensely, she took the risk and jumped into real estate. Stacey was able to build a seven-unit portfolio in just two years! She’s tried her hand at out-of-state investing, raising private capital, partnering on deals, and mid-term rentals, all of which have worked out generously in her favor. She shares the exact steps she took to build her portfolio as fast as she did, so you can do the same!

 In This Episode We Cover

Fixing your personal finances before trying to invest in real estate 

Building a “financial runway” that allows you to buy properties, stress-free 

In-state investing vs. out-of-state investing and the best choice for those in pricey markets

Scaling your real estate portfolio using cash offers (even if you don’t have the money)

Using mid-term rentals as a way to keep rent stability while boosting your profit 

The risk vs. reward of buying properties sight unseen when investing out of state

And So Much More!

Links from the Show

Ashley's Instagram

Tony's Instagram

Scott Trench's BiggerPockets Profile 

Tyler Madden's BiggerPockets Profile

Real Estate Rookie Facebook Group

BiggerPockets

BiggerPockets Forums

BiggerPockets Bootcamp

Real Estate Rookie Youtube Channel

MLS

The War Room

PropStream

DirectSkip

BatchLeads

Appfolio

Connect with Stacey

Stacey's Instagram

Check out the full show notes here: https://biggerpockets.com/blog/rookie-169

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