Real estate investment is a growing industry with a massive amount of options and opportunities. This makes it one of the most attractive investing options for anyone. Investing in real estate offers plenty of flexibility and great cashflow. Becoming an investor also doesn’t require a college degree or real estate license. Ever since the impact of the COVID-19 pandemic, more Americans are looking into real estate investing as an alternate source of income and security. Learn how you can start a real estate side hustle, and earn passive income without massive amounts of startup capital or huge barriers. This is the American Dream. In this day and age, it may seem like a challenge, but it’s more obtainable than you may think!
Real Estate Side Hustle
One of the reasons many Americans get a “side hustle” is that they want something to supplement a full time job or primary career. Side hustles are for you if you are interested in making extra money outside of a full-time job. However, unlike a part-time job, side hustles offer more freedom and control. This freedom and control allows you to set your own schedule and decide what to do and how much to do. Side hustles often involve personal passions. Over time, some people are able to turn a side hustle into their primary career.
Benefits to Having a Side Hustle
There are many benefits to having a side hustle, some of which may appeal to you:
- Adding A Source Of Income
- Exploring Your Passions
Flexibility And Work-Life Balance
If there is anything that the pandemic has taught us, it is that people are looking for flexibility and work/life balance. Traditionally, a side hustle is controlled by an individual. They have full reign over the management and scheduling of the side hustle. Since you control your schedule, you can balance investing in a few properties with your full time job, as well as other events or commitments you have.
Extra Income Source
Side hustles such as real estate investing offer a great way to earn extra income. This extra income combined with a full-time job can improve your finances and enhance your life. Extra cash flow and income allows you to pay off bills, save for a college fund, or even grow a retirement. Real estate is especially notorious for yielding large amounts of cash flow.
Exploring Your Passions
Side hustles are a fantastic way to help you explore a passion or get involved in something you’ve always had an interest in. If you have always had an interest in investing, wealth building, real estate, or properties, you can turn that passion into a money maker!
Building Passive Income With Real Estate Investing
One of the best strategies for increasing your income is having multiple passive income streams. Investing in real estate is one of the top ways that you can do this. Through real estate investing, you can grow an investment portfolio and build a solid “nest egg” for the future.
NextAdivisor for Time Magazine recently released their top list of side hustles that continue to be profitable in 2022. Overall, real estate investing is truly one of the best investing strategies, even with inflation, rising material costs and volatile mortgage rates.
What is Passive Income In Real Estate?
Passive income is the dream for many Americans, especially those who are looking to build wealth or retire early. At the end of the day, passive income allows investors to generate increasing revenue without continuous or active involvement. Investors can use several real estate investment options to generate passive income. Some investors go the fix-and-flip route (aka “house flippers”) or they purchase and manage rental units.
The Power of Passive Income
Wherever you are in your career, the income you gain is limited by time. Even if you already have a decent-paying salary or hourly position, you will eventually run out of hours in the day for generating more income. Also, this does not even include the toll it will take on your body – mentally, physically, and emotionally.
That is where passive income comes in, and it has the power to change all that. Many side hustles are not as lucrative as real estate investing. As a result, you will be limited with how much cash flow you generate. Once you’ve established real estate investments, they can generate revenue on their own, many times into 6+ figures! You’ll be able to earn money while you are working your 9-5, in your sleep, while you are with your family and even on vacation.
There are many ways to make passive income from real estate investing – single family homes, multi-family units, apartment buildings, storage units, vacation homes, or REITs. However, one of the best-kept secrets for real estate investing is through tax liens, tax deeds and surplus overages.
“Who Will Excel In Real Estate Investing?
Making real estate investing a side hustle takes a lot of upfront time, hard work, and also dedication. This is ideal for someone who is motivated, ambitious, a self-starter, and with a passion for learning and real estate. Those with a background in real estate such as agents, brokers, attorneys or property managers will have the knowledge and background that will help with getting started in investing. However, even if you do not have a background in real estate, there is plenty of education, available. In this digital age, there are a lot of resources at your disposal to get started with real estate investing. It is strongly recommended that you invest in a fully detailed and information-packed course.
Get The Tax Deed Genius Course
The Jackie Jackson Tax Deed Genius Course is the top rated real estate investing course. It was created for both new and seasoned investors who are looking to create a profitable real estate business. There are many real estate investing opportunities across the US in the form of tax deeds, tax liens, and overage surplus recovery. In fact, tax liens, tax deeds and surplus recovery are among the top real estate acquisitions strategies to know and take advantage of. It’s one of the best kept secrets for building wealth through investing in real estate!
Read the course review, view and download the welcome course, and read Jackie’s guarantee here!
About The Jackie Jackson
Jackie Jackson is a Real Estate Coach & Investor, helping investors at all levels create profits and increased cash flow through Tax Deeds & Tax Liens Real Estate Investing. Jackie is the CEO and founder of Tax Deed Genius, the #1 Step by Step National Tax Liens & Tax Deeds, Surplus Overages Training Course for New and Seasoned Real Estate Investors.