Profitable Side Hustles Ideas In Real Estate
A side hustle isn’t simply a way to supplement your income; it’s also a strategy to safeguard your future and diversify your earnings. It empowers you to take charge of your finances and ensures that your employment isn’t your sole source of income. A real estate side hustle is part-time employment, activity, business, or investment that earns money from real estate while working full time at another career. If you’re seeking different methods to make money, the real estate business has various options. Here are some side hustle suggestions worth considering.
Wholesaling
There are numerous methods to profit from real estate without purchasing any property. To begin a side hustle, you don’t even need a lot of money. Wholesaling is one of the cheapest ways to break into the real estate industry; all you need to get started are the essential skills and connections. Wholesalers effectively function as intermediaries, earning a commission in exchange for their services. They merely locate excellent real estate options and refer them to other cash purchasers who actively seek investment opportunities. Real estate deals may be easy or difficult to discover, depending on the market conditions where you work. But one thing is sure there are always real estate investors looking for excellent opportunities. You could potentially start making thousands in referral fees simply by locating bargains if you’re prepared to put in the time to create a network and search high and low for these chances.
Photography
Taking images and videos of real estate could be an ideal real estate side hustle if you’re already a talented photographer. Working with either residential and commercial property at any time of day or night is one of the benefits of real estate photography. Because images are required each time a property is advertised, becoming a photographer can provide a steady income stream.
Virtual Assistant
A virtual assistant, often known as a VA, is someone who works remotely with clients (such as busy real estate agents) to complete activities they don’t have time to do themselves to keep their business running smoothly. Consider being a virtual assistant if you’re organized, detail-oriented, and enjoy working with people. Managing appointments, reacting to client requests, producing and distributing personal newsletters, updating mailing lists, keeping property listings, developing marketing materials, and handling incoming phone conversations on Zoom or Skype are some responsibilities that come under being a VA. These duties are done virtually, making it an excellent side hustle.
Notary
Becoming a notary is one of the simplest methods to start making money in the real estate business. Notaries perform a wide range of services for real estate professionals, including witnessing document signings, certifying copies, and administering oaths. The requirements to become a notary differ by state. In general, a notary must be of legal age, an American citizen, and a legal resident of the state where the notary services are rendered. Depending on where you get your jobs, most notaries can make $75–$200 per session, and if you can arrange for one signature per day, that can quickly add up!
