Real estate investing comes in many different flavors, including:
I’m even experimenting with Fundrise (affiliate link), a crowdsourced commercial real estate investing platform.
Which one is best depends on your goals, available time and money to invest, and risk tolerance.
For example, while I LOVE the idea of building a mini real estate empire and having tenants pay off my mortgages, the direct cash returns and the risks involved don’t get me that excited. At least for the moment, I’ve steered toward some more passive real estate investing options.
Check out these real estate-themed posts and podcast episodes and choose which strategy makes the most sense for you.
Cash-flowing $10k a month from a portfolio of mobile homes.
Sounds like a great side hustle, doesn’t it?
It is.
When most people think of real estate investing, mobile homes probably don’t come to mind. In fact, technically speaking, mobile homes are personal property – not real estate.
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.
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.
The passive income dream is real for Dustin Heiner of MasterPassiveIncome.com, he’s currently making $15k a month with around 30 minutes time investment on his part.
Dustin has achieved this by following a systematic approach to buying and letting out properties.
He started with his first property back in 2006. Within 6 years he had 19 properties, and within 9 years he had 26 properties and had retired from his day job at the age of 37.
What if you could make your rent or mortgage payment go away?
Or, what if instead of paying that expense every month, your living situation actually paid you?
It’s not as far-fetched as it may sound.
In fact, that’s exactly what today’s guest, Craig Curelop, has done by intentionally “house hacking” over the past few years.
Buy a house.
Rent it out.
Tenants pay it off for you.
It’s possibly one of the oldest side hustles in the books, right?
Done right, owning rental properties can be an attractive long-term income and wealth-building strategy. But done wrong, it can be a recipe for headaches and a mountain of debt.
Roberto Chavez started his raw land flipping side hustle a little over a year ago, and with persistence, has already built it into 5-figures of monthly revenue.
This is a business model that was first introduced to me by Mark Podolsky, from TheLandGeek.com, in episode 108 of The Side Hustle Show.
He called it “the best passive income model” because it avoids “the 3 T’s” of traditional real estate investing: tenants, toilets, and termites.
Austin Miller built a $1.2 million real estate portfolio at 31 years old — for free.
He’s a side hustling real estate investor specializing in “creative” financing deals — houses he can buy without using his own money.
Corey Jeffreys turned an $800 investment into $3k in the first year and has been growing his business and adding more automated processes each year.
His entrepreneurial adventure began by exploring the world of real estate investing, when he happened upon a slightly different rental business model: inflatable bounce houses.
It’s like owning a parking lot, Jefferson Lilly explained. And you can earn 20% cash on cash returns too.
That got my attention, though those returns are coming from a surprising real estate niche: mobile home parks.
