Information needed! Please and thank you!

cheryl056 · Jan 5, 2013

I plan on traveling in April. My daughter is inbetween jobs now so she will stay in the house and feed my cats. When she moves my boyfriend will watch out for the houe and yard and cats. I pay all my bills on line. I'm hoping that will work out. That's my plan anyway.

huntfishwv · Jan 6, 2013

Been traveling for over a year now and we rent but do not own. The trick to traveling is maintaining that tax residency, so if you have a home thats paid for thats awesome and would be perfect. You could pocket the extra stipend money you dont spend on rent and not have to worry about using that to pay a mortgage also. If you're making payments on the house I would HIGHLY suggest renting it out. Traveling as a single person the pay is pretty good but paying for a place while you're traveling and the place you live in back home can get pricey unless you have a good setup thats cheap back home. If you end up moving you would still have to maintain that tax home to keep the tax free money ...tax free. I know people who travel in RV's but you still have to have a permanent home. RV would make you an itenerant (think thats spelled wrong) worker meaning your like the apple pickers that move around the country from job to job never having a permanent home. You can do it but if you get audited now you're talking paying extra taxes on the 20000-30000 you made in stipends for the year. Hope this helps. Best of luck.

Hello Everyone! I am very interested in doing some travel nursing!! I have a question and have been looking through the forum and not able to find any answers. ***Does anyone own a home and doing travel nursing? How do you handle that? I do have family in the area that could come over and 'check' the house.I am not really interested in renting it out. Also, I have been pondering the thought of moving but wasn't sure where. Figured this would give me a chance to see some places and then decide.

ukjenn231 · Jan 6, 2013

I traveled out of state while owning a home. My husband and I wanted to keep the home in case we didn't like traveling. Well, a year and a half later... we love the place we traveled to (Florida) and never left. And we still own the home in Kentucky.

My family checked on my house. My words of wisdom are> TURN OFF THE WATER! LOL... for real, my dad was checking on the house weekly. One day he came over and found the house flooded because of a freak toilet malfunction. We had to file a homeowner's claim for over $25,000. It was a nightmare. Our insurance agent was mad that we left and didn't turn off the water, but honestly we never thought of it.

It was nice to have the house so we could go home and visit but now we definitely want to get rid of it and can't. We had it on the market for a year. We decided to stay in this particular area and my company wouldn't pay for housing anymore because i had been here so long. So we kind of got in a bind, but we were blessed that some family members recently sold their home and were looking for a place to stay for a while so they are helping us out.

That's my experience... it definitely can be done but turn off the water!! :)

cmimmel · Jan 8, 2013

I started traveling last February and own my home, which is about 4 hours from my family to begin with. I wasn't concerned about traveling while owning my home, I knew it would be better tax wise to have a permanent residence and it was nice having a solid place to land between assignments. I took off about 6 weeks between assignments, so it was nice to be home. I had friends checking on my house regularly. I would suggest you have a couple of people with keys, so that way if you need someone there and one person can't be, you have options. I never considered renting my house, would just be weird. I am considering relocating to NH where I was stationed for the majority of last year, so I'm in the process of possibly now selling my house. That's the warning I'll give you, maintain your house but don't be suprised if you find somewhere else you like better and end up selling it in the end! Good luck!

Hello Everyone! I am very interested in doing some travel nursing!! I have a question and have been looking through the forum and not able to find any answers.
***Does anyone own a home and doing travel nursing? How do you handle that? I do have family in the area that could come over and 'check' the house.
I am not really interested in renting it out. Also, I have been pondering the thought of moving but wasn't sure where. Figured this would give me a chance to see some places and then decide.

NedRN · Jan 9, 2013

If you're making payments on the house I would HIGHLY suggest renting it out. Traveling as a single person the pay is pretty good but paying for a place while you're traveling and the place you live in back home can get pricey unless you have a good setup thats cheap back home. If you end up moving you would still have to maintain that tax home to keep the tax free money ...tax free. I know people who travel in RV's but you still have to have a permanent home. RV would make you an itenerant (think thats spelled wrong) worker meaning your like the apple pickers that move around the country from job to job never having a permanent home. You can do it but if you get audited now you're talking paying extra taxes on the 20000-30000 you made in stipends for the year. Hope this helps. Best of luck.

If you rent your home, you lose your tax home - it is now under the sole control of someone else and you will be itinerant. Don't do it! There is a partial way around the issue. The IRS considers a home as somewhere you can come back to at anytime, unencumbered. If you have a house or apartment with more than one bedroom, keep one and get roommates. Problem solved. Perhaps not as much money, but it definitely defrays expenses, and if your house is paid off, perhaps enough to pay for the entire cost of maintenance and taxes. Plus having a roommate can help tremendously with mail or house issues.

cheryl056 · Jan 10, 2013

Hi, I am from Kentucky too!!! I am an OB Nurse hoping to start traveling in April.

ERpinup · Aug 20, 2013

Thanks everyone for the advice! One of my friends that I work with is trying to get out of her extremely expensive apartment and we are going to work something out. This way she can save money and I have someone I can trust at my house! :up: