How to make money in real estate without rental properties

Question

How can you make money in real estate that is quicker than buying and holding rental properties? I need something more like a job to keep me busy throughout the day to make money to reinvest in rental properties. I'm 23 and in college full time. I own 3 rentals currently but don't have enough money to put another down payment on a home. I want to buy more rentals.

Jonathan Greene · Answer

If you own 3 rentals at 23 and are tapped out on money, I don't understand why you are looking for more. You have a good foundation, great for your age. You should be focusing on making sure your 3 properties are cash flowing at maximum capacity and I would be putting money in to reduce the future CapEx instead of trying to get creative to get another property.

Jay Hinrichs · Answer

as stated some of the common income producing real estate activites that do not include rental income

1. Property management

2. Real Estate Brokerage

3. Mortgage lending / RMLO

4. Fix and flip

5. new construction

6. Selling information on how to do real estate ( this can be number one income generator)

7. U tube on whatever real estate subjects you think people will subscribe to your channel.

And I a sure there are many more avenues to create income in and around real estate other than being a landlord.

Chris Tarpey · Answer

You can wholesale or flip for cash to then put into long term rentals?

Otherwise, I would look at getting a job that ties you to real estate and allows you to stay in that world... (property manager, hard money lender, contractor, project manager, inspector, real estate agent etc.)

Bob S. · Answer

@Jayden Hamilton simple ( not easy but simple ) find deals, show them to an investor, you will earn a fee. Learn, save and then do them on your own,

Good LUCK

Tracy D. Garrett-Numa · Answer

@Jayden Hamilton congrats to you for getting 3 properties. I am a Real estate investor and I am also a lender broker for business purpose loans which can be used for non owner occupied Properties.

I can help you get a loan using creative financing or help you get into the business of being a loan broker.

Grigory Pekarsky · Answer

An alternative way to invest in real estate without purchasing rental properties is by flipping houses. This means purchasing a home for cheap (usually at an auction), fixing the property up, and selling it for more money. As long as you can find a profitable flip, this is a great strategy that can be executed quickly. Many people have flipped homes before, so you need to come up with your own unique idea or method of finding homes that are just right for flipping. A quick search on Google will reveal many methods that other people use! Some recommend working with foreclosure auctions , talking to banks, etc., but there are websites out there where you can do all of the hard work for you.

Jeffrey Donis · Answer

I agree with @Chris Tarpey. I used to wholesale. Wholesaling takes a lot of time and is like a full time job (or part time, depending on how much effort you want to put in). If you want to learn more about wholesaling, I'd suggest watching Pace Morby, Brent Daniels, and Max Maxwell on Youtube.

Good luck! Feel free to reach out to me if you have any questions.

Thomas Corley · Answer

@Jayden Hamilton

I found myself in a similar situation I ended up getting my RE License I love it so much ended up going full time as an agent.

If you are self motivated and you find yourself talking about Real Estate to Friends and others coming to you for advice it can lead to deals. Being an Agent if done right is a very good job and can definitely fund your personal deals. Hopefully this helps!

How to make money in real estate without rental properties

How to make money in real estate without rental properties

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