21 Routes to Real Estate Riches

[Joshua Michael Hauman]

You want to get started in real estate but not sure where to begin?

I brainstormed a list and added summaries to each point. I ranked this list in terms of difficulty which I'm defining as the big 3: Time, capital and labor. This means that things that fall earlier on the list would be more suitable for if you're newer to the game and have less time, money, skill and experience and those that fall later on in the list would be considerations likely more suited for the established players or those with more resources at their disposal.

Essential:

1.    Real Estate Writing and Content Creation
•  Producing informative content like articles, blogs, videos, or podcasts related to real estate topics for educational and engagement   purposes.
2.    Real Estate Photography and Marketing
•  Providing visual marketing services to make properties appealing, including photography, videography, and digital content.
3.    Real Estate Education
•  Sharing your knowledge and expertise through teaching real estate courses, workshops, or seminars to aspiring investors or agents.
4.    Real Estate Appraisal
•  Evaluating the value of properties for various purposes such as mortgages, sales, or tax assessments through comprehensive analysis.
5.    Property Research and Analysis
•  Offering market research, data analysis, and property valuations to investors and real estate professionals for informed decision-making.

Advanced:

1. Real Estate Wholesaling
• Contracting properties at a lower price and assigning the contract to another buyer for a fee, often involving distressed properties.
2. Real Estate Consultancy
• Providing advice and guidance to clients on property investment strategies, market trends, and portfolio management.
3. Real Estate Agent
• Becoming a licensed professional to assist clients in buying, selling, or renting properties and earning commissions.
4. Property Management
• Managing properties on behalf of owners, handling maintenance, tenant issues, and rent collection for a recurring income.
5. Real Estate Broker
• Advancing from an agent to oversee and manage a brokerage, including agents and their transactions.
6. Real Estate REITs
• Investing in Real Estate Investment Trusts, publicly traded companies owning or financing income-generating real estate.
7. Real Estate Crowdfunding
• Investing smaller amounts alongside others in pooled funds to finance larger real estate projects through online platforms.

Expert:

1. Real Estate Flipping
• Purchasing distressed properties, renovating them, and reselling for profit, requiring market insights and renovation skills.
2. Residential Real Estate (Buying and Selling)
• Buying and selling single-family homes, condos, townhouses, etc., for profit.
3. Real Estate Investor (Buy and Hold)
• Purchasing properties as investments to generate rental income or capital appreciation, with various strategies like buy and hold.
4. Commercial Real Estate (Leasing)
• Investing in or leasing commercial properties like office buildings, retail spaces, and warehouses to businesses.
5. Commercial Real Estate (Investing)
• Investing in income-generating commercial properties, requiring a deep understanding of the commercial real estate market.
6. Real Estate Finance and Mortgage Brokering
   
• Assisting buyers in securing loans and mortgages for property purchases, necessitating knowledge of lending options and regulations.

Elite:

1. Real Estate Syndication
• Forming partnerships with other investors to collectively purchase and manage properties, sharing profits and risks.
2. Real Estate Law and Legal Services
• Specializing in legal matters related to real estate transactions, contracts, and disputes, requiring expertise in real estate law.
3. Real Estate Developer
   • Acquiring land and developing properties for profit, involving construction, project management, and financing.

If you liked this and got value out of it I'd be glad to make a second article or engage in conversation about specific business ideas and resources that can help you on each topic. Let me know by upvoting or commenting any routes you've taken or plan to take in your journey that I missed. 

With Discipline,

Josh