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.
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