205: A Nurse’s Story from Burnout to Real Estate Investment with Annette Forbes
“At one point in my career, I think I mentioned I was asking for a seat at the table. Now I build my own tables. I build them myself. I've literally built my own tables by putting things together for my properties. So I just love that, the freedom to be able to have my own path.” - Annette Forbes
Annette Forbes is a 26-year experienced nurse, military spouse, and mom who decided to embark on her short-term rental journey in 2022 after experiencing burnout in her work as a corporate nurse. She recently established Magnolia Accommodations as a hospitality company, providing short-term rental stays to the traveling community and those needing temporary housing. Annette began her nursing career as a volunteer at a local hospital and eventually attained a high-level position where she could impact healthcare from a whole new level.
Eventually, Annette got the opportunity to work from home, but then realized it was difficult for her to get out of bed just to make it over to her home office. After 26 years as a nurse, she felt empty with nothing more to give, and she also wasn’t as appreciated for her hard work as she should have been. Annette decided to take a pause from her nursing career to regroup and figure out what to do next. She figured if she could work hard and save companies millions of dollars a year, putting that same effort towards her next move would be life-changing – and it was. After scrolling through Instagram one day, Annette discovered the world of short-term rentals, and she went all in.
Annette shares her wisdom regarding what it took for her to be able to take a much-needed pause from her career. Getting your finances in order should be your first step, and she shares how her family made it work by relying on one income. Annette also describes how she started Magnolia Accommodations and the concept of arbitrage, which is essentially subletting a leased property as a short-term rental for short periods of time. Starting up her real estate business has been challenging at times, but Annette has made great strides and is seeing massive success in a relatively short amount of time.
What’s Inside:
- How Annette went from long-time nurse to a career in real estate
- What it took for Annette to be able to take a pause from her nursing career
- How to build wealth with short-term rentals and arbitrage
Mentioned In This Episode:
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