We provide 20 Top Real Estate Side Jobs occupations to make money and riches. Try these 20 top real estate side jobs to get money.
In fact, this is one of the best ways to avoid the rat race.
That’s what my friend Chad Carson did, thanks to his information on rental properties. Chad built his empire years ago, earning lots of money, interest, and tax benefits along the way.
And here’s some good news: You don’t have to pay to get started.
In this post, we’re covering the best 20 Top Real Estate Side Jobs deals you can get started with—even if you don’t have much money today.
1. House Hacking
One of the first things Chad did was check-in. He bought four missing beds, lived in a flat, and rented three more.
Here’s how hacking works: Buy more space than you need and rent the extra space. “Often you want to sacrifice convenience for profit,” theft expert Craig Caverlop told me.
He cited several examples, including:
- Buy a duplex, stay in one apartment, and rent another apartment on Airbnb or long-term.
Buy a 5-bedroom house, live in one bedroom, and rent out the other 4.
- It seems to work well for young professionals and space-constrained couples, and it can be a great way to save money on real estate.
2. Rental Properties
Another problem is rental properties that can cost money every month. If your local business is expensive, check out Reach, which lets you borrow multiple members. Instead of spending thousands of dollars on fees, you can start with as little as $100.
My friend Dustin Heiner built up his loan portfolio and was able to retire before age 40 with little income.
3. Live-In Flips
The government wants people to move into buildings that need work and fix them up – and they give you a huge tax incentive to do so. To change residence, you must live in the property for at least 2 out of 5. When you sell a property, there is no capital gains tax.
Some simple math to explain this would be:
- Buy a house that needs work for $200k in an area averaging $300k.
- Renovate slowly over 2-5 years, maybe investing $30-40k in renovations.
- They sold the house for $300k.
- $300,000 – $200,000 – $30-40,000 = $60-70,000 net profit, tax-free.
You may not want to do this long term, but you can build a free nest egg of $250-500k or more over 8-10 years. If you want a good real estate deal, Chad recommends going to the outside market.
He found great views, walking around the neighborhood, and looking at empty houses. Talk to neighbors to find out who the landlord is and how to contact them. Leave some notes, and you’ll be surprised what you start to see.
4. Pre-Vetted Commercial Real Estate
Fundrise gives you the opportunity to invest in stocks across the country. I have been an investor in mutual funds for many years, and they pay quarterly dividends in the 5-10% range.
(Disclaimer: I get paid when you sign up. All opinions are my own.)
You can begin with just $10.
5. BR: Buy, Rehab, Rent, Refinance, Repeat
The popular BR real estate program works like this:
- Buy the member’s top product
- It has been revised
- Rent on it
- Refinance it to the new market value
- Recycle: Use the money you earn from recycling to buy the following items
I love Austin Miller’s creativity in building his portfolio, which is up to 17 buildings as we speak.
Oven? They all get “for free” – without his own money.
6. Bird Dogging
Bird Puppy is how Chad got his start in real estate.
The term “birddogging” is a hunting term that refers to dogs harassing birds hidden in the grass.
In 20 Top Real Estate Side Jobs, that means getting a good deal from the investor. The big advantage is that there is no cost or risk to you, and it’s a great way to learn how to find quality products.
It also helps you understand the business better and how to search better so you can become better when you have enough money to invest in a product yourself. …
In Chad’s case, he gets $2,000 every time he finds one of his investors.
To find investors, attend investment meetings in your area or present the idea to people who have money to invest. If you can show them how to get the most out of their investment, they will be more inclined to work with you.
Note: You must have a real estate license for this.
Chad suggests that the easiest way to do this is to sign up with a referral company for about $100 a year. An agency takes a percentage of your income but gives you some protection from contracts and is a cheap way to get started.
7. Raw Land Flipping
Almost every landlord has the experience of fearing tenants, bathrooms, or bed bugs. A 20 Top Real Estate Side Jobs agent who avoids all these problems is exchanging raw land.
How it works You:
- Search for concerned landowners, usually through the land register and direct mail.
Give money for their things.
- Resell land for quick cash or low monthly payments.
- I contacted a guest on the Side Hustle show who built his real estate business on $10k a month in his first year.
8. Buy Part of a Farm
Accredited investors can buy American Farms shares on AcreTrader, starting as low as $5,000. Since 1990, agricultural investments have achieved an annual return of 11.5% (according to the website).
AcreTrader crowdfunds active farm purchases and then returns them to the farmers who manage them.
Entrepreneurs get funding in two ways:
- Appraisal of land in case of future sale
- Annual rental payments to farmers
The company aims for an annual dividend in the 3-5% range.
9. Short-Term Real Estate Loans
Help finance repairs through short-term loans in areas as previously done. These notes are usually between 3-12 months and have an interest rate of 6-10%.
The minimum for a single loan is $10, so you can easily expand your resources to diversify, and Grondvloer has an easy-to-use interface that lets you shop for these investments.
If it goes south, you have an asset to get your boss back.
10. Master Leasing
The head lease is a sublease of the building. This tool works best if you have a space that needs some work. That way, you can discuss the test with the owner. For example, you can rent an apartment for $1k per month. Month, and then rent it out for $1,500 per month. Months.
The rental business together has several advantages for both parties. On your behalf:
- The costs are very low compared to investing in real estate.
- Not a big investment of time.
- You can expand this as a business model.
- You are not responsible for taxes and insurance.
And for the host:
- Rent guarantee.
- No problem managing tenants.
- All improvements to this property are subject to your approval.
11. Rental Arbitrage
Like leasing by owners, credit arbitrage allows you to make money on real estate that you don’t even own.
The way it works is that you sign a long-term lease on a property and (with the host’s permission) travel by listing it as a short-term rental on Airbnb or another platform. You benefit from a split between a short-term rental and what you can pay for your regular rent.
For example, your monthly payments could be $2,500, but you could earn $200 a month. Overnight at Airbnb. If you rent it out 20 nights a month, you’ll have a monthly bill of $4,000 and about $1,500 a month in cash.
There is an art and a science to employing arbitrage, and it is problematic in tight markets. Still, some Airbnb business owners report 6-figure profits—all while traveling internationally.
Although the initial price here is relatively low, it is the initial cost that needs to be considered.
12. Leasing Agent
Working as a franchisee is a great way to learn how a store works and make some money at the same time.
Finding and identifying tenants is a huge opportunity for landlords and property managers. Let the employees take care of this inconvenience, and they usually get half to a month’s full rent as the asking price.
The way it works is that you find tenants, show them around, help them complete all the necessary paperwork, and send an application to the landlord. Let the representatives be more popular in the big cities, but you can talk about where you live.
Must have a property management license or real estate license. Check your state laws, but you can usually expect to pay $400-500 and take a week or two to learn the basics.
“You figure out how to be a basic piece of another person’s rental business,” makes sense to Chad.
As a start, you can try contacting a property manager and offering them a job as an independent contractor or leasing agent.
Wholesale products include:
- Look for disruptive products and seller support.
- To get them under contract.
- Sell it quickly to other merchants.
You don’t need a lot of money to find and deal with buyers, just more work.
14. Traditional REITs
Public real estate investment trusts (REITs) are probably the most common real estate investments. You can buy shares from any brokerage, including fan favorite M1 Financial.
15. Mobile Notary Service
Mobile Notary Loan Agents can earn up to $100 an hour signing loans for new home buyers. This is a rush as most signings take place in the evening. (Banks love to lend to people with jobs!)
For more information, check out some loan guarantee systems. (Use promo code Sidehustle for 10% off, or check out this review of some student loan cosigners systems.)
Once you know what you’re doing and join some subscription services, you’ll start getting notifications about concerts near you. In each of them, you can choose to accept or reject depending on your availability.
16. Mobile Home Investing
Mobile homes are a great investment in the 20 Top Real Estate Side Jobs industry because you typically have less money than traditional single-family homes.
My friend Rachel Hernandez bought her first phone booth for $3,600 and resold it for $10,000 with a lease. Today, he makes about $10,000 a month from his phone booth investment.
17. Rent Out Your Extra Space
You may be familiar with Airbnb and similar sites where you can exchange another place in your home for an additional fee. But if you don’t want to deal with an entire audience, it might be worth watching the side stage. Buurman allows you to store extras for people where you have room for them.
This is the expected monthly income after the initial launch. Some homeowners make up to $10,000 a year from their small businesses.
18. Drone Photography
Listing agents often rent drones to take photos and videos of homes for sale. If you already fly drones for work, you can pitch the idea to local operators to see if they will pay for your service.
Some drone pilots report making $200 per project.
19. Property Management
Another aspect of the real estate business is that a homeowner does not need to be a property manager.
In this job, you are liable for the following:
- To fill the vacancies
- Organize repair and maintenance
- Collect rent and late payments
In fact, your job is to make the homeowner’s life as easy as possible. Instead, you usually get about 10% of the total monthly rent based on your rate. For example, if the rent is $2500 per month, you will receive $250.
Most states require a real estate license to get started as a real estate manager.
20. Airbnb Co-Hosting
In addition to his scarcity, Zeona McIntyre created a side business “co-hosting” other Airbnbs.
She works with guests, manages check-in and check-out, and schedules cleaning and maintenance. In return, he earns 20% of the booking fee – with no risk or upfront costs.
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Which Real Estate Side Hustles Are Best?
When choosing the right real estate investment for you, keep the following in mind:
- Your time
- Your ability to produce today (or lack thereof!).
- You have the ability.
As for me, I have so far focused my passion on online and traditional REITs and short-term mortgages. Let me know what you think in the comments below!