Are you looking to dive into the real estate game and make some extra cash, but kind of fed up with the same old Airbnb suggestions?
Well, you’re in luck!
I’ve chatted with some real estate experts to bring you some fresh and exciting real estate side hustle.
Get ready to explore 18 awesome and inventive real estate side hustles that’ll help you break into the biz or even boost your existing property portfolio!
18 Real Estate Side Hustle That Make Insane Money
- REIT investing
- Real Estate Affiliate Marketing
- Rental Arbitrage
- Bird Dog
- Part-Time Real Estate Agent
- Real Estate Blogger
- Raw Land
- Bookkeeping
- Crowdfunding
- Leasing Agent
- House Flipping
- Property Manager
- House Hacking
- Real Estate Photography
- Real Estate Notary
- Real Estate Wholesaler
- Mobile Home Investing
- Buying a Piece of FarmLand
REIT Investing
Let me tell you about this cool thing called REIT Investing!
It’s first on my list, and for a good reason.
Picture this: a sweet real estate side hustle that can bring in some nice recurring cash and dividends. Sounds good, right?
So, REITs (that’s Real Estate Investment Trusts, for those not in the know) are like the hip cousins of stocks and bonds, traded on the big exchanges and letting you invest in all sorts of real estate from sea to shining sea.
And let me tell you, some of these high yield REITs are paying out dividends at 7% or more!
You’ll find these cash cows hanging out in the mortgage, commercial real estate, and healthcare sectors. Cha-ching!
Real Estate Affiliate Marketing
Alright, let me tell you about affiliate marketing – I’ve got the inside scoop since I’m an affiliate marketer myself!
Seriously, I’ve dabbled in affiliate marketing for pretty much everything….
I’m like the Swiss Army knife of marketers (wink, wink).
Now, if you’ve got a website with tons of traffic or a huge social media following, affiliate marketing could be your ticket to a sweet real estate side hustle.
Single-family rental homes are super-hot right now, and the Roofstock Affiliate Program is an awesome way to earn some cash by sharing the rental love with your audience.
But hey, if you don’t have a big platform, don’t sweat it!
You can join my free training where I’ll show you everything you need to know to make it big in affiliate marketing, even if you’re starting with little or no money and a tiny audience.
So, what are you waiting for? Let’s get this affiliate marketing party started!
Rental Arbitrage
Have you heard about this nifty thing called rental arbitrage?
It’s like the classic “buy low, sell high” real estate move, but guess what? No need to own a home! Pretty sweet, huh?
Here’s how this real estate side hustle works:
you sign a long-term lease on a place (sneaky, sneaky), then rent it out by the week or month to some lovely tenants.
The best part?
You cash in on the difference! It’s like being a real estate magician without needing to pull a mortgage rabbit out of your hat. Abracadabra!
Bird Dog
Oh, you’re gonna love this one – it’s called being a bird dog!
Nope, it’s not about training your pup to fetch ducks.
This is all about helping active real estate investors find those elusive off-market deals that aren’t on the public’s radar yet.
So, picture this: you’re just cruising around town – maybe you’re a driver, a delivery person, or just someone with time to kill – and you spot a property that checks all the boxes for an investor’s wish list. Bingo!
You’ve just bird-dogged a lead…
Some folks get paid per lead like that, while others earn a slice of the profits when the deal goes through.
Not too shabby for just keeping your eyes peeled, right?
Part Time Real Estate Agent
Alright, get this: for just about $1,000 or less, you can snag yourself a real estate license.
And the best part?
No fancy college degree or professional credentials needed! Realtor.com says it’s true, so you know it’s legit.
Now imagine pocketing a sweet 3% commission (or more!) every time you sell a home…
That’s some SERIOUS CASH, my friend.
Plus, loads of real estate firms are totally cool with you working part-time.
So, this little license could be your golden ticket to one of the most potentially profitable real estate side hustles out there!
Talk about a bang for your buck!
Real Estate Blogger
So, you’ve heard about blogging, right?
It’s all the rage these days, especially for real estate investors…
Sure, starting a blog may not make you rich overnight (bummer, I know), but with a little time and effort, you could be the go-to guru for all things real estate!
Now, I won’t sugarcoat it – it takes some serious work to crank out top-notch content that Google will love.
But once you’ve figured it all out, watch out, world! Your blog’s earning potential will soar like a rocket.
We’re talking $1,000 or more in a year, and then, who knows? The sky’s the limit!
And hey, aside from the cash, a real estate blog can be a super fun way to flex your creative muscles and share your investment wisdom with other newbie investors.
The cherry on top?
There’s practically no limit to how big your blog can grow.
So, what are you waiting for? Get those fingers tapping!
Learn How To Create a Profitable Blog in 7 Days
Raw Land
You know what’s kinda awesome? Raw land.
Yeah, you heard me.
It’s a real estate side hustle that lets you skip the drama of those pesky three Ts:
- Tenants
- Termites,
- Toilets (gross, right?).
So, how does it work?
Well, as an investor, all you usually have to do is cover the property taxes and swing by the land now and then to make sure no sneaky squatters have set up shop.
And there are a couple of ways to make some dough from your land: either buy and hold it in a hot spot where progress is headed.
Or rent it out for camping or other fun activities. Who knew dirt could be so profitable?
Bookkeeping
Alright, get ready for a plot twist: bookkeeping!
Yeah, I know what you’re thinking – what’s so exciting about that, Spencer?
Well, turns out it’s a pretty sweet real estate side hustle.
Let me explain.
See, successful real estate investors are number-crunching ninjas when buying or selling, but when it comes to bookkeeping, they’re more than happy to pass the baton.
And guess what? You don’t need to be a CPA or have an accounting degree to jump in on the action.
Plus, there’s this amazing free rental property financial software called Stessa that automates income and expense tracking, making report-running as easy as pie (mmm, pie).
So, with bookkeeping, you can cash in on all those fancy calculations without breaking a sweat!
Crowdfunding
Okay, let’s talk about crowdfunding – the real estate edition!
Picture this: tons of investors pitching in their cash to fund swanky projects like single-family subdivisions, apartment buildings, shopping centers, office buildings, and those fancy mixed-use developments.
Sounds pretty cool, huh?
Now, if the project’s a winner, you could be raking in some distributions – paid out monthly, quarterly, or annually – plus a share of the profits when it’s sold. Ka-ching!
But there’s a little catch:
unlike those easy-breezy publicly-traded REITs, getting your money out of a crowdfund before the planned redemption period might be a bit of a challenge.
Still, it’s a pretty exciting way to dip your toes into the world of real estate, don’t you think?
Leasing Agent
So, here’s an idea for ya:
become a leasing agent!
It’s a fantastic way to learn the ins and outs of the rental market while making some moolah on the side.
You see, landlords and property managers are super busy, and finding and screening tenants can be a major headache.
That’s where leasing agents swoop in to save the day (cue superhero music).
And the reward?
A pretty sweet finder’s fee, usually half to a full month’s rent.
Your mission, should you choose to accept it, is to find tenants, show them the property, help with all that pesky paperwork, and deliver the applications to the landlord.
While leasing agents are more common in big cities, you could probably strike a deal wherever you live.
Now, you will need a property manager license or a regular real estate license.
Don’t worry, though – it’s usually just a $500 investment and a week or two of classes to learn the basics.
So, ready to jump in and become a leasing agent extraordinaire?
House Flipping
You’ve probably heard of house flipping, right?
It’s that thing where you buy a fixer-upper, give it a makeover, and sell it for a profit.
But guess what? It doesn’t have to be a full-time job!
I mean, for folks with super busy day jobs, house flipping can be a pretty rad real estate side hustle.
That’s because it’s way easier to chat with handymen and contractors (you know, the ones actually doing the renovation magic) when you’re already out and about.
Sure, flipping houses might cost a bit more than some other side gigs, but if everything goes smoothly, you could be in for a sweet payday.
So if you’ve got some cash to invest and a keen eye for flip-worthy houses, why not give house flipping a whirl? It might just be the side hustle of your dreams!
Property Manager
Now, let’s talk about being a property manager – but not just any property manager.
You don’t have to be juggling hundreds of rentals like some kind of superhuman…
Nope, you can totally rock the part-time property manager side hustle!
All you need is a trusty handyman (your right-hand fixer-upper) and some top-notch people skills to keep those tenants smiling.
Then, sit back and watch your operation cruise on autopilot while raking in a sweet monthly management fee – around 10% of the rent.
Not too shabby, right?
Just a heads up, though:
Most states require property managers to be licensed…
So, make sure to check your local rules and get that license if needed. Then, get ready to become the property manager extraordinaire you were born to be!
House Hacking
Let me introduce you to house hacking – it’s like being a super-smart, money-making ninja with your own home!
The idea is simple: you “hack” a part of your home (the one you’re already living in) and rent it out to bring in some extra cash. Clever, right?
You could find a roommate, turn your garage or basement into a storage rental haven, or even pet sit in your backyard.
Basically, it’s all about getting creative and finding ways to make your home work for you.
So, go ahead and give house hacking a try – you might just end up laughing all the way to the bank!
Real Estate Photography
Alright, picture this (pun intended): you’re a photographer on the hunt for a new income stream or someone curious about the real estate world but not quite sure where to start.
Enter the world of real estate photography!
You see, it’s not just agents who make a sale happen – photographers play a huge part too.
So, grab your trusty high-quality camera, and let’s turn you into a property picture-taking pro.
Start by practicing on your own home, and maybe even get your friends and family in on the action.
When you’ve mastered the art of snapping and editing those dazzling property pics, reach out to local real estate agents and offer your services.
Soon, you’ll be capturing the essence of every home and making some sweet cash doing it!
Real Estate Notary
So, real estate side hustle and paperwork go together like peanut butter and jelly.
No joke, there’s a whole lotta documentation that needs notarizing to make those leases and sales legally binding.
Enter the notary – that’s where you come in!
Becoming a notary is pretty simple, affordable, and can turn into a nice little side hustle. Sure, there’s a limit on how much you can charge (like $2 for an oath in NYC).
But here’s the kicker: traveling notaries can charge extra for mileage, time, and other expenses. Cha-ching!
Ready to dive into the world of notary awesomeness?
Start by reaching out to local brokerages and realtors to see if they need a notary on call.
If they give you a thumbs up, research the process of becoming a notary in your state and get that application rolling.
Before you know it, you’ll be the notary hero every real estate deal needs!
Real Estate Wholesaler
Picture this: you’re like a real estate wizard, dabbling in the mystical arts of wholesaling…
It’s kind of like house flipping, but with a twist!
Instead of closing the deal, fixing up the place, and selling it, you simply wave your magic wand (okay, not literally) and flip the purchase and sale agreement over to another investor.
They handle the hard work, while you kick back and collect a sweet wholesale fee. Sounds like a dream, right?
Just a heads up, though – in some states, you’ll need a license to practice your wholesaling sorcery.
So, check the rules where you live and get ready to unleash your inner real estate magician!
Mobile Home Investing
have you ever considered mobile home investing?
No, seriously! It’s a fascinating real estate niche that won’t break the bank like traditional single-family homes might.
I’ve got a friend who dipped his toes into this world and scored big. He bought her first mobile home for a measly $3,000, and guess what? He flipped that baby and resold it for a cool $10,000 on a lease-to-own contract. Talk about a sweet deal!
Now, he’s making a pretty penny – around $10,000 a month, to be exact – from his mobile home investments.
So, if you’re looking for an unconventional real estate adventure, mobile home investing might just be your ticket to success!
Buying Piece of Farmland
Ready for a wild idea?
How about buying a piece of a farm?
Yep, you read that right – you can become a (partial) farmer without even getting your boots dirty!
For accredited investors, AcreTrader makes it possible to buy stakes in America’s farmland, starting with just $5,000.
And get this – since early 1990s, farmland investments have seen an annualized return of 12% as per AcreTrader.
Talk about a cash crop!
AcreTrader works its magic by crowdfunding the purchase of active farmland and then renting it back to the hardworking farmers.
As an investor, you’ll earn money two ways: appreciation of the land in case of a future sale, and annual cash rent payments from the farmers.
The company even aims for annualized cash distributions in the 3-5% range.
So, saddle up and get ready to ride the wave of farmland investing – all from the comfort of your own home!
Final Thoughts
Well, folks, we’ve reached the end of this wild ride through the world of real estate side hustles.
We’ve explored everything from house hacking and mobile home investing to farmland purchases and photography gigs.
Honestly, who knew there were so many creative ways to dip your toes into the property pool?
As we wrap up, remember that the key to success in any side hustle is to stay curious, be open to new ideas, and never be afraid to have a little fun along the way.
After all, you never know which opportunity might turn out to be your golden ticket.
So go forth, my fellow real estate enthusiasts, and conquer the world of side hustles with a healthy dose of humor and a can-do attitude.
And remember, if you ever need a laugh, you can always swing by here to reminisce about our journey together. Happy hustling!
How Can I Make Passive Income with Real Estate Side Hustle?
So, you’re on the hunt for some sweet passive income, huh? Well, the real estate realm is just brimming with ways to make money while you (mostly) sit back and relax.
One of the top contenders is renting out a property or even just a chunk of your own home. You’ll be raking in the dough with minimal effort – it’s like the perfect recipe for a financial siesta.
But wait, there’s more! If you’re all about maxing out your chill, you can even get a property management company to handle finding and signing tenants for you. Sure, they’ll take a cut of the rent, but hey, it’s a small price to pay for ultimate passiveness. So, kick back and enjoy the ride as your rental income rolls in!
What Commercial Real Estate Side Hustle is The Most Profitable?
You’re wondering which types of commercial properties are the cash cows of the bunch, right? Well, look no further – the secret sauce lies in high-tenant properties.
We’re talking about places that pack in a whole lot of renters, like RV parks, self-storage facilities, apartment complexes, and bustling office spaces. It’s like a non-stop profit party, and you’re invited!
So, mark your calendar (or maybe that’s just me being dramatic) and start scouting out those high-tenant properties. Your wallet will thank you!
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