5 side hustles for real estate agents looking to stash extra cash

Try branching out to other areas of the industry to create multiple income streams

Faster. Better. Together.
Inman Connect San Francisco, Jul 16-20, 2018

Although a career in real estate can be very exciting, working commission-only can be a little unsettling at times. If you’re feeling somewhat financially insecure, then you should consider pursuing other income streams. In this post, I’m going to cover five additional ways to earn money as an agent or a broker. Wholesaling As a real estate wholesaler, you essentially get paid to bring a buyer to a seller. That’s putting it very simply. Now, you might be thinking, “Uh, that’s what I do as an agent anyway.” Well, wholesaling properties is a bit different than working with active listings. I’ll explain by example: Let’s say you meet John who wants to sell his home quickly, and he doesn’t want to pay any real estate commission or wait for his property to sell on the open market. He wants a cash buyer and a quick sale. You offer to purchase John’s property for $40,000 cash and close in 30 days. John agrees, and you both sign a contract. However, you’r...