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5 Real Estate Side Hustle Ideas (I Made $1,000 in One Day) - YouTube
Channel: REtipster
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so you're looking to get into the real
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estate business maybe earn a little
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extra cash on the side huh well in this
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video we're gonna talk about five side
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hustles that you can pursue in the real
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estate industry that can help you to
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build some more financial freedom and
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depend a little bit less on your day job
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stick around hey I'm Seth Williams I'm
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the founder of re tips.com where we give
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all kinds of insights and guidance for
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real estate investors and in this video
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we're gonna talk about a few different
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ways you can get involved in the real
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estate industry if you're just trying to
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earn a little extra side cash and get
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your foot in the door so that you can
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learn more about how this business works
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and eventually take this to a much
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higher level
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so I remember back when I was working my
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first job out of college and I
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desperately wanted to get out of it I
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wanted to get into the real estate
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business as an investor so I could start
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making a lot more money and really just
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doing life on my own terms and not
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living and dying by what my boss told me
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to do and there was nothing wrong with
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my job I just didn't like the idea that
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I had to do what they told me to do all
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day every day and I could never do my
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own thing and so I got started the way
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most people do is I found a way that I
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could make money in the real estate
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business while I was still working my
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full-time job and good news is there's
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all kinds of ways that you can make
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money on the side and one of the easiest
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ways I know of to get started is to
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become a notary becoming a notary is not
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expensive it's not difficult and
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essentially what a notary does their job
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is to attest to the validity of
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signatures and the original documents
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that are being signed so for a lot of
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years I actually acted as a notary in my
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job and I would sign hundreds of
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different loan documents for people who
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were borrowing money and by acting as a
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notary and signing my signature right
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next to theirs I was saying that I had
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actually looked at this person's
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personal identification I verified that
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yes they are who they say they are so
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the document is not forged it's not a
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fake signature this is a real valid and
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legally enforceable document and that's
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really what a note
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does and most notaries can earn anywhere
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from 75 to even a couple hundred dollars
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for every signing appointment that they
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book so for every time they meet with
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somebody and notarize a signature and
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notaries I needed any time you're
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sending loan documents anytime you're
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signing a deed and the amount that you
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earn per job as a notary depends on
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where you're getting the job from and
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who you're working with for instance if
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you get plugged in with a local title
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company or attorney or escrow office and
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you basically just app is a mobile
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notary for them or you're going out to
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meet people and sign their documents
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it's typically going to involve a little
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bit of travel time because you have to
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go to where this person is and watch
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them sign the document and verify that
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they are who they say they are but aside
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from understanding how to do this
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properly and just signing the document
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right after they do that's really all
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there is to it it's not hard or
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difficult work you just have to go
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through the motions of becoming a notary
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filling out all that basic paperwork and
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then remaining in good standing in the
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state where you're authorized as a
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notary so it's pretty straightforward
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and this is not something where you're
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gonna get rich from it but if you can to
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constantly maintain appointments say one
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a day or even a couple every single week
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it can add up fairly quickly to a nice
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side income on a monthly basis another
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way to make a nice side income in the
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real estate business is to get into the
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business of bird-dogging or some people
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even refer to it as wholesaling and
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essentially what this is is you're going
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out and you are finding great deals for
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other cash buyers so for instance let's
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say you're able to find a seller who is
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highly motivated they're willing to sell
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fast for a very very low price you don't
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necessarily have the cash to buy it
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yourself
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and even if you did you wouldn't have
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the resources to do all the flipping on
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your own but if you have connections
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with one or more other real estate
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investors in the area who are actively
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looking for deals like this you could
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bring the deal to them and earn a
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referral fee and I think for the most
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part if you have a good trusting
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relationship with somebody it is
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possible to just have like a gentleman's
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agreement handshake agreement where they
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would pay you for every deal that closes
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but for most cases when you're stuck
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a new relationship with somebody that
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you haven't worked with before you'll
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probably want to start by getting some
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paperwork involved getting an actual
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purchase agreement signed with the
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seller and then assigning that agreement
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to that cash buyer and then you would
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essentially get paid an assignment fee
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when that deal closes I've actually got
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a very detailed blog post that explains
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all the mechanics and paperwork behind
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how this happens I'm gonna link to that
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beneath this video so feel free to check
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it out I will say that assigning
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purchase agreements like this is not
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illegal in all 50 states unless you are
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a licensed real estate agent so keep
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that in mind you don't want to just
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start doing this without first reviewing
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your state's laws just to make sure that
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you're actually able to do this without
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breaking the law but if you are able to
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do it and you still are able to do it in
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most states this can be a great way to
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earn some sight income in the real
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estate business along those same lines
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let's say you actually do want to become
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a licensed real estate agent if you want
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to be a realtor and list and sell
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properties in the local MLS and collect
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a commission every time one of these
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properties sells there's a lot of real
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estate agents that work like this and in
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my conversations with some of the more
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serious agents out there they've told me
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that is view is about 20% of all the
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agents out there are actually doing this
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as a full-time career the rest of them
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are doing this more on a part-time basis
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where they're selling anywhere from like
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one to five deals per year so a lot of
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real estate agents up there totally
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treat this like a side hustle and just
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do deals when they have time on the
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nights and on the weekends and if you
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want to do it like that
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that's totally feasible in order to
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become licensed as a real estate agent
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you're gonna have to go through some
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testing and exams in the state where
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you're working and that's usually going
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to involve a little bit of prep work
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ahead of time too because you have to
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learn how to answer these questions
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right before you actually take the test
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and of course is you can imagine there's
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costs associated with all this stuff too
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so you should definitely be prepared to
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pay some of those costs before you even
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go down this road and then there's also
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ongoing education and annual membership
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fees you'll have to pay as well so keep
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all that in mind you don't want to do
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this unless you're actually planning on
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selling some properties and bringing in
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some income to offset those costs
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another way to make some
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income in the real-estate business is to
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get into something called affiliate
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marketing now if you're in the online
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space if you have a blog or a YouTube
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channel you're probably very familiar
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with this but if you don't know what
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affiliate marketing is essentially
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what's happening here is you are finding
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products in services from companies that
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you know and have experience with and
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are willing to put your reputation
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behind and you promote these services to
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your audience so we're talking if you
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have a blog or any kind of a platform
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where people are regularly paying
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attention to what you put out there you
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can say hey I've been using this it's
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been working really well if you want to
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check it out through my affiliate link
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I'll earn a small commission when you
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sign up and that's pretty much all there
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is to it now I will say I think that
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there's a right way and a wrong way to
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do this if you follow the Ari tipster
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blog for any length of time you probably
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already know I've done a lot of these
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affiliate promotions over the years and
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I only do them on the companies that I
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really believe in and I'm willing to
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stand behind these you gotta remember
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anything negative about the thing you
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promote is ultimately going to reflect
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negatively on you so you only want to do
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this with things that you're very
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familiar with and you willing to stand
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behind now promoting another company's
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stuff through affiliate links can be as
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simple as just posting your link on your
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social media platform so that all your
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friends and followers can see it and
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then you might get lucky perhaps
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somebody will click through your link
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and buy something but in my experience
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it's been a heck of a lot more effective
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to actually offer a ton of value before
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you even get into the point of posting
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your affiliate link for example I've
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done affiliate promotions for companies
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like cozy and RingCentral and Bom Bom
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and I can't tell you that any of these
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companies are perfect but they're pretty
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darn good and I believe in them a lot
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because I've used them for years and
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when I went through the process of
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intentionally promoting these companies
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on the RT tipster blog I didn't promote
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it without offering a lot of free
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education and explanation as to how it
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works why it's helpful and how to really
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use it to make the most of your business
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and get a lot better at what you do so
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whether one of these
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readers or viewers ends up buying
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anything or not and I'll tell you most
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of them don't they're still gonna walk
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away with a lot of value in any event
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most of the affiliate promotions I've
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done in the past do not make a ton of
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money I'd say an average one might make
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a few hundred dollars per month but
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there have been some when I've been able
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to get the right product with the right
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audience and the right promotion where
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it's been able to earn upwards of a
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thousand dollars in one day so it can be
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pretty cool if you can get all the stars
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to a line but again I wouldn't plan on
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getting rich from this it's just a nice
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side stream of income if you happen to
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have an audience and you know how to
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promote it in a way that actually adds
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value to people's lives and the last
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side hustle idea on this list is
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actually several things rolled up into
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one and it's all about being a
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freelancer so I want you to ask yourself
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is there anything that you're
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particularly good at that you can use to
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offer value to other people's businesses
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and lives for example do you know how to
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use Photoshop do you have a good
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speaking voice do you know how to write
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well because you could do things like
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graphic design creating logos for other
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people or you could do voiceover work
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for people's phone systems or you could
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offer business writing services anything
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like that where you know that there's a
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need out there and people need easy help
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and you can basically just extend your
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services and if you market yourself
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specifically as an expert in the real
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estate industry
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you'll be miles ahead all the other
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freelancers out there who are marketing
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their services to anybody and everybody
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if you want to give freelancing a shot
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and you think you have some value to
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offer the world there's a couple of
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websites you should definitely check out
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if you haven't already seen them one of
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them is up work
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the other one is fiverr.com and both
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these websites are kind of different in
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what they do Fiverr is more like low-end
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ultra cheap help up work is more of a
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high-end like ongoing and business
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relationships but they can both be a
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great fit for both people who are
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looking to hire work and people who are
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looking to hire out their services so
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definitely check out both of those I've
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got a couple blog posts that explain
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very thoroughly how both websites work
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again I'll link to those beneath this
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video too but don't be if
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to put yourself out there I think there
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could be all kinds of ways that you can
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monetize the things that you're already
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good at you really make a lot of money
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over the long haul if you're willing to
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plug away at it on the nights and on the
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weekends and when you have time to do it
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so in my mind site hustles are not just
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about making money on the side but it's
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really about hope and thinking about the
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future and if you're feeling like you're
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shackled to your day job or whatever
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source of income you currently have that
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you frankly don't enjoy that much or say
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if you just don't have any income or not
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enough income at the moment I want you
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to understand through this like there
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are all kinds of ways you can make money
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and you don't have to be a slave to your
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job making money from a side hustle is
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not gonna be quick or easy in most cases
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but if you pick one or two things where
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you want to be an expert and add a lot
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of value to other people's businesses
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and you commit to it for six to twelve
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months and keep plugging away I think
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you'll be surprised to see these can be
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pretty impactful in a lot of ways and
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leaving give you a lot of psychological
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freedom when you realize there's a lot
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more you can do and a lot more you can
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offer the world and just the income that
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your day job has to offer you assuming
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you have a job at all and also keep in
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mind there's a lot more opportunities
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out there than just these ones I've
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mentioned here in this video so keep
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your eyes peeled always be on the
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lookout for ways that you can add value
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to the world and make money on the side
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so let me ask you are you currently
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working on any kind of side hustle if so
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what is it
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and how's it working out for you feel
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free to leave a comment beneath this
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video and let us know and who knows
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maybe we can all learn of some other
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ways that we can make some income on the
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side and the real estate business thanks
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a lot for watching for more information
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be sure to check out the full blog post
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associated with this video again I'll
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link to that and a lot of other things
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below I hope you got some new ideas from
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this and I'll see you next time
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