Not only can you make money as a real estate investment professional by buying and selling homes or renting and leasing properties, but there are a number of other ways to make money in this industry. By providing services that complement your initial REI business holdings, you can easily supplement your income without a tremendous amount of additional effort.
Here are some specific ideas to help you add additional services to your REI business:
Home-based mortgage brokering. For detail-oriented REI professionals who understand the necessary forms and aren’t afraid of a little paperwork, you can make good money by offering this service to others who have less expertise in this area and would gladly pay for your help and assistance.
Title search services. By learning to de-lien titles and clean up junk liens, you can use your skills to buy bad paper or distressed properties and either letting time clear the title since liens do expire, or working to clear the titles yourself where you can.
Rent-to-own (RTO) housing. Many people who are unable to buy a home outright would jump at the chance to buy a property on a rent-to-own basis. And as an REI professional you can help them by arranging financing with a motivated seller and reselling customized financing of your own.
Real estate marketing consultations. If you’re an experienced and knowledgeable marketer, you can help others who are just starting out in the REI business learn to market their properties more effectively. By specializing in the marketing and advertising of real estate, you can provide a valuable service to others in the field who focus more of their efforts on meeting with clients or handling other aspects of the job.
Move into property management. Who says you have to own every property you manage? You can easily provide property management services for other REI professionals and make good money while still managing your own investments at the same time.
Cleaning services. While you may not consider this in direct relation to real estate investments, you can make good money by providing cleaning services to your contacts in the real estate industry. Whether you choose to focus on repossessions, new construction, rentals or vacancies, providing clean up for REI properties is an excellent money making sideline to your business.
These are only a few of the potentially profitable services you can offer to supplement your REI business income. Offer them on a temporary basis as you build your business, or branch out and offer any or all of these services as a permanent business in its own right. Either way, you don’t have to limit yourself to strictly buying and selling property or managing your own rentals to make good money in the real estate market.
