Every day, you’re hustling. But maybe your hustle just isn’t enough to pay off those student loans. Or you need a few extra bucks to worry less about credit card bills. Or maybe you’re ready to buy an investment property but just need to scrape together a down payment.
Or maybe you were furloughed or let go from your 9-5 because of the coronavirus pandemic.
It’s time for you to get a side hustle.
Close to half of all Americans have a side hustle. A lot of these side hustlers even have full-time jobs. But some are looking to leave that full-time job and start earning passive income while they live in Bali. If you’re looking to invest in real estate, side hustles can help you get there without making a drastic change to your lifestyle.
Don’t know where to start? Read on for a few suggestions.
Some of these side hustles require a little bit of cash to start. Others don’t. Some require a license and some training. Others require that you have great selling skills and killer connections in the industry.
But no matter where you are in your real estate journey, you can start making some extra with at least one of these side hustle ideas.
Digital nomads and side hustlers all over the world start out as a virtual assistant (aka VA). VAs don’t have to ever meet their clients in order to make money—they just do all of the tasks that the client is too busy to do themselves. In the real estate field, being a virtual assistant may include:
Sending emails to clients
Writing and sending personal newsletters
Updating mailing lists
Maintaining property listings
It’s not the most glamorous job, but it will give you a taste of what it’s like to work in the real estate field.
Related: The Easiest Way to Get Started in Real Estate (Gain Experience and Get Paid, Too!)
Content Creator/Real Estate Blogger
It is possible to make money writing a blog. One option is writing for an existing blog that pays writers. Another option is to start your own blog.
If you start your own blog, you’ll need to invest more time and effort in the beginning to generate readership and eventually make passive income. If you’re passionate about real estate, writing, and making an income on the side, it could be a great investment.
man sitting at desk working on a computer
Granted, Airbnbs have been put on pause for the last couple of months. But as cities continue to open back up and travel resumes, the popularity of short-term rentals will rise again.
And you don’t have to own a property to make money off Airbnb. All you need is a property owner with some rooms to fill.
Not all property owners have the time to manage guests coming in and out of their rental every other day—even if it could potentially mean more money in their pocket. That’s where the Airbnb manager comes in.
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