It’s true. Making money is one life goal that a lot of people have in common. And while there are tons of ways to achieve this goal, real estate tops the list as one of the most effective. Arguably, more than other industries, real estate has produced more wealth for many individuals. Some made millions and a lot more earned far less but still a sizable fortune by any count.
But due to some wrong methodologies, a lot of people are skeptical about getting involved with real estate. Like a car salesman being branded as sleazy, many people think there are some questionable things happening in a real estate deal. And they could be right. But you need to bear in mind that having very little money to invest and little to no experience should not stop you from getting into this fray.
To make the best out of real estate, you need to have the right guide. Be well taught, and be aware of what you are doing. The good news is there are many proven ways to make money from real estate without doing the usual things such as house flipping.
You may not believe it but it’s definitely true. Read on to find out these not-so-common ways to earn your precious dollars from real estate. And move the needle of your finances to the next level.
Before one can sell a house, there has to be a showing. A real estate agent usually handles this, but not all the time. You can earn from real estate by showing houses without necessarily having a real estate permit. But you have to check if the law of your state would allow this or not.
Remember that there are step-by-step guides to showing a house correctly, as you don’t want to scare prospective investors or buyers away. You need to plan ahead of the showing thoroughly. Have a good understanding of your client’s requirements.
Be sure that the homes are available and can still go for the prices you have. Know the way to the property; do not damage your client’s expectation by being unable to find the street or property.
And as you get to the house, allow your clients to express that they would love to have you lead the way and show them around. If not, you need to be around to answer their questions and not necessarily follow them around to point out features. As was mentioned earlier, this is one of the uncommon ways to earn from real estate.
But for individuals that want to earn from real estate without investing, staging homes can serve as another means of making money.
Staging homes involves highlighting the home’s most beautiful and remarkable assets, which goes a long way in helping the buyers see themselves living there. This would come naturally for you if you are someone that loves to decorate. Many real estate agents tend to do a lot more than just simply walking in and showing a house.
They make sure that they do everything needed to make the house look, smell, and feel good. And fortunately, you can be paid to make the house look its best and also very inviting.
Of course, if you have the cash, getting into real estate investment funds should be worth looking into. Not only can the returns be lucrative enough, but also the risks are far lower. To note, real estate properties appreciate over time more than they depreciate. Offered to the public, these funds can get you a generous amount of money, diversifying your investment portfolio in the process.
Repairing and Cleaning Homes
One very fortunate fact is that homes regularly need repairs. Consequently, repairers are almost always required. This is another uncommon way to earn from real estate. You can be hired to repair something or to render some services before the buyers move in.
To get more work at a higher rate and earn more, you need to acquire more skills. The more you have to offer, the more you would earn.
Also, many houses need to be scrubbed thoroughly before being sold. Having grime and dust built up is not conducive to sales, so someone must clean things up and put the house in order. This is where you can come in; you can offer your services and be paid for your due diligence.
People earn many other ways from real estate, which almost always involves capital, but these three uncommon ways to earn from real estate are inexpensive and still lucrative. That’s telling you with patience and the right methodology, real estate can get you a step closer to your success.