H
alf of Americans supplement their income with side hustles, according to MarketWatch. Some lucrative options include real estate ventures that can generate six-figure incomes annually. GOBankingRates consulted real estate experts and identified the following high-income, low-labor opportunities:
Real estate photographers use specialized techniques to showcase homes in the best light, earning $150-$400 per shoot with minimal overhead. Drone services can be offered as an additional revenue stream.
Wholesaling involves finding undervalued properties and selling contracts to house flippers. For instance, securing a contract for $150,000 on a property worth $200,000 can result in a $10,000 profit without requiring ownership or repairs. Experienced wholesalers like Sergio Aguinaga have reported gross profits of over $1 million per year.
House flipping is another lucrative option, but it comes with risks and requires significant effort. Adam Hamilton of REI Hub warns that overspending on properties or renovations can lead to lower returns on investment.
For those who prefer less hands-on involvement, flipping raw land offers a viable alternative. This involves targeting distressed property owners with low cash offers, buying at discounted prices, and reselling the parcels for full market value.
realestate
7 Lucrative Real Estate Ventures for High-Income Earnings
Real Estate Experts Reveal Profitable Side Hustles That Can Earn Six Figures a Year.
Read More - realestate
realestate
Oneida County: Top 10 Costliest Homes Sold Dec 6‑12
Trenton rural home sold $610k, tops Oneida County's most expensive residential sales this week.
Read More - realestate
realestate
Could Google’s listing experiment endanger search portals?
Google and HouseCanary start showing home listing blurbs at the top of search results in select markets as a new test.
Read More
realestate
Rob Reiner's Property Portfolio Sparkles With Film Flair
Rob Reiner and wife found dead Sunday, Dec 14 in Brentwood home—details on the iconic filmmaker’s residence.