I’ve been excited about alternative investments since my early days as an aspiring real estate investor and peer-to-peer loan shark.
If you’re bored/scared/disillusioned with the “traditional” stock market and mutual fund asset classes, or if you just are curious what else is out there, this post is for you.
The cool thing is we’re living in a golden age of alternative investment opportunities, and it was quite an undertaking to compile these options.
Can you still make money in domain flipping?
Last year, Mark Levine flipped 70 domain names, for around $160k in gross profit.
Of that, he spent a little over half on renewal fees for his domain name portfolio and acquiring new domains to add to it, netting $70-80k for the year.
Not bad for a part-time hobby!
A little bit of a different format this week.
We’re looking at 10 unconventional money rules – at least, in my mind they’re unconventional – to help you save more, earn more, and improve your financial situation.
To help me go back and forth on these points I’m joined by Rich Jones. He’s the host of the award-winning PaychecksandBalances podcast – helping you navigate your finances and career.
Rental arbitrage gives you a way to make money with Airbnb — without owning any property.
Traditionally, building a real estate side hustle takes big bucks for down payments, closing costs, and renovation projects.
But enterprising short-term rental “moguls” are questioning if owning the property is even necessary. These rental arbitrage entrepreneurs sign long-term leases, and then turn around and sub-let the property on a short-term basis — profiting on the spread.
Here’s my annual review of my “non-traditional” investments, including peer-to-peer lending, real estate crowdfunding, business lending, and even cryptocurrency.
And of course this is just a snapshot into my experience, not investing advice or a solicitation to invest.
Let’s dive in and see what happened.
Real estate investing is perhaps one of the oldest side hustles in existence.
Buy a house, rent it out, and build wealth. It’s a tried and true formula, and certainly a way to stop trading time for money.
This idea was popularized by books like Rich Dad Poor Dad, explaining (often with real estate as an example) how you can “escape the rat race” when income from assets you control exceeds your monthly expenses.
But real estate investing comes in many different “flavors” — and some take more time and money than others to get started with.