Real Estate

How do you turn a “junk land” — a seemingly worthless piece of land — into a profitable investment?

We’ve talked about flipping products for a profit or real estate investing before. We’ve even talked about land investing.

But never like this.

Wayne Seminoff from JunkLandIntoGold.com specializes in finding unloved, unbuildable lots — then he fixes the issues — before reselling these new and improved lots for up to 10x his initial investment.

Making money in real estate typically requires owning the property, right?

Coming up with a large down payment, securing financing, dealing with tenants, handling maintenance and repairs. The barriers to entry aren’t exactly low.

But what if you could skip all that and still bring in serious cash flow by renting out apartments and homes without buying them?

When Richie Matthews and his wife were looking to supplement their seasonal events business in late 2019, rental arbitrage seemed like an ideal side hustle.

Little did they know that just a few months later, that tiny side hustle would quickly scale into a business managing 60 units and generating over $2.5 million in revenue and $700k in profits. He now runs his company, iStayUSA.com.