What It's About
A listener wants to invest in real estate without buying rental properties.
Notes from Chris
Episode 1439
Historically, when people have talked about “passive income,” they’ve referred to the practice of buying rental properties. What are some ways to profit in the real estate world without doing that? We’ve looked at the subject from time to time, and today’s caller has a twist: considering the longterm effects of the global pandemic, might there be some new opportunities?"Hi Chris, this is Kelly from Columbus and I’ve been listening to the show for a while now. Thanks for the helpful advice. When the pandemic started, real estate sales in my area slowed way down—but only for a month or two. They then started back up again, fueled by lower supply as more sellers kept their homes off the market. Now the overall market is way up, with housing prices at least 5-10% higher this year compared to the last. However, it’s a very lopsided, distorted market. No one wants to buy condos or small spaces. Everyone wants big spaces, further out of the city, and anything with a backyard. Is there a way to profit from these changes? "Listen to today's episode to learn more...
SEE ALSO:
- Real Estate Consultant Fills Apartment Buildings with Original Artwork: How a woman in Seattle who works as a real estate project manager during the day started a side hustle that literally appeared in front of her. After making $12,000 from that first year-long hustle, now she’s building it into a mid-sized business that she hopes will replace her day job income.
- Lifelong Freelancer Adds Real Estate Photography to Portfolio: When a lifelong freelancer becomes interested in real estate photography after selling his home, he learns the trade and develops a new hustle in a flash.
- Junk Removal Service Owner Earns $22,000 A Year From Real Estate Referrals: An entrepreneur stumbles on a low-tech, high-yield side hustle through his day job, and brings in an extra $22K annually handing out business cards.
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Resources
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