It doesn’t really matter what kind of investing you are into, it’s almost always a wise idea to have multiple streams of income in order to maximize your profits while spreading your risks. Even within the confines of real estate investing there are different types of investing that can help you spread your risks when markets meet turbulent times and this is a very good safety net for those who do not want to feel as though they are gambling away their investments on a real estate market that is fickle on its best days. This article will show you three ways to make multiple streams of income in real estate and skyrocket your revenue.
The first is to spread your real estate wealth and investments across several different types of real estate investments. There are a few types that come immediately to mind. First, there are rental properties. You have two options even with these. You can either choose to rent properties outright to families, students, singles, and the elderly in your town or you can offer a lease or rent-to-own situation for those who have struggled in the past but still have the dream of homeownership.
Other options for bringing in multiple streams of income through real estate are to have a few rental properties and couple those with a few flips in the works, perhaps a commercial property or two, and a pre-construction deal or vacation property in the pipelines. One thing is certain you should always be on the lookout for your next real estate investment if you really want to make good money in this business while having a little added security. Rentals are passive income for the most part, especially if you have a solid property manager taking care of the details and the other investments are often icing on the cake.
If you want a truly diversified portfolio however, it is a good plan to include a few investments that aren’t directly related to real estate investing. While I firmly believe that real estate investing is the way to go for most people there is much money that can be made in other fields and it would be pointless to discuss multiple streams of income without mentioning a few smart and online ways of making money. Top of the list is Home Sharing Management.
If you want a truly diversified portfolio, however, it is a good plan to include a few investments that aren’t directly related to real estate investing. While I firmly believe that real estate investing is the way to go for most people there is much money that can be made in other fields and it would be pointless to discuss multiple streams of income without mentioning a few smart and online ways of making money. Top of the list is Home Sharing Management.
Here’s how simple this can be…Here is how to make multiple streams of income in real estate.
Find homeowners who are losing thousands of Naira a month on potential income…
Pitch them on listing their extra room or home on property marketplace websites such as stainerzproperties.com for a commission (usually 50% the fees)…
Create the listing on stainerzproperties.com (takes a few hours at most)…
Collect the passive income that comes in each month through that listing.
Required zero employees or an office, Costs little (if any) money upfront, Isn’t based on trading time for a fixed fee, Doesn’t require knocking on doors, cold calling or cold emailing all day, Can be managed completely on mobile (Only need an internet connection), Is something that can be done as a side hustle for passive income.
Secondly, If you own a Smartphone or a computer with Internet access, you can run a brokerage agency where you help people to buy and sell their properties. Stainerz properties helps out on this by taking up those properties and make them visible to our massive online followers on our social media pages. We also run targeted campaigns online that helps you sell fasts. Money moves fast, we must also move fast with it.
Finally, there is something we are launching for real estate agents. You don’t have to be a street estate agent in this digital age. Here’s what to do to quickly sell or rent out those properties. We are launching a real estate marketplace on our portal to allow you to list your properties for rent and for sales. When you list your property, we take it up from there and promote it on social media and various other platforms. All this for a very small fee. This is how the big boys are sealing big deals without sweating it out on the street. Watch this space for updates.
The truth is that there are many things you can do to create even more streams of income to add to your real estate investments. From making money online through affiliate marketing, blogs, and direct sales you can also tackle brick and mortar businesses, though these tend to be just as time-consuming as real estate. The point is that you want to bring in money from different avenues and real estate investing is one of many different routes to explore when deciding on your investment future and establishing those multiple streams of income.