all right what's going on everybody so in today's video I'm going to be going
over five different strategies to make money in real estate and these are
actually strategies that I personally use on a day to day basis so I didn't
just like Google five different ways to make money to real estate and then tell
you that I'm actually using these on a day to day basis and the great thing
about real estate is that a lot of these different ways of making money are
complimentary of each other it amazes me of how many real estate investors and
real estate agents you know after five 10 even 20 years in the business you
know they might only have like one income stream they might just be a house
of HuR they might just be a real estate agent I think you should have three four
even five streams of income going for you okay so the first way most obvious
ways is being a real estate agent now if you're new to real estate you can start
working as a part-time agent there's so many agents around that are looking for
part-time like showing agents and weekend people and things like that so
that's a great way to break in the business you can look on Craigslist you
can just email just make a list of a hundred full-time real estate agents and
email them saying you're looking to help out I can guarantee you they're looking
for somebody you can also join a team joining a team as a real estate agent if
you're new to real estate is a great way to gain experience and learn the
business because unless you have a huge social network and you just know
everybody which some people do some people their first year in real estate
they don't need to be on the team or anything like that
they can just they have a lot of connections but for the majority of
people I think joining a team is the best way to go about it because you'll
learn from people your gain experience build up more contacts and then you can
just take it from the next level from there the next way making money is house
will be and this was actually how I first got into the business I would
basically just generate leads and do marketing to find off market real estate
and I would sell them to investors that had the experience but maybe they just
didn't have the time or energy to actually find do all the dirty work of
finding the deal so how salvina is a great way you don't need an experience
you don't need money just start by finding good leads you can send direct
mail to motivated sellers you can put up Bannatyne so you can do online marketing
you can do networking there's a million different ways you can you can find
deals and I have other videos going more into depth on how to find deals but how
something is great because it's not as steady as like let's say being a real
estate agent but you can you can get it that way you can learn how to do one
deal a year and then you can build it up to doing one deal a month two deals a
month I know someone that do like 20 or 30 deals per month so
once you get the hang of it maybe do your first couple flips you'll start to
realize the potential and the great thing about house will be and everyone
has like their own little ways of finding deals so I was actually just
talking to my hard money lender maybe you saw this video and I was asking him
I was like picking his brain like hey how do your investors find deals cuz
with me and I told him I was like I do a lot of direct mail that's pretty much my
go-to strategy but every investor he works with has their own little unique
way of finding deals so for you go with your strengths follow something like a
proven strategy and then tweak it to your to your own abilities and your own
interest and everything like that and flips are great because obviously you
can make a year's salary in one month or sometimes even more than that so it's
not it's nice to have a couple flips going on pretty much at all times and if
you're out there doing real estate full time you will come across across flip
opportunities you just will it's inevitable and you need to have a good
like deal analyzer though to know what a good deal is versus a bad team because a
lot of people when they're getting started real estate they just think like
if you purchase a house at 200,000 and it needs $50,000 it worth of work and
then you sell it at 300,000 they think that you just made a $50,000 profit I'm
not the best mathematician but you did not just make you $50,000 profit in fact
in some cases you might even be losing money so you need to have a good deal
analyzer and if you want to do analyzer up go to my website I'll put a link to
my website below and you can download the one that I use for free and that's
the one I use pretty much all the time ok the next way to make money around
real estate and actually this is this is the way you can make money in any
industry and it amazes me how many people actually don't do this because
it's just it's almost like I don't want to say free money that just has a bad
sound to it but everybody should be doing this and that's creating
information products around whatever business or niche you're in so if I was
a landscaper right I'd probably make products on how to be the best
landscaper like the top 10 things you need to know about landscaping or
different digital products that you can sell online at places like Amazon and
different places like that or just on your website so for example with me I
have plenty of digital products so I sell a lot of stuff on Amazon I have
different I don't want to call books and more like guides helpful guides about
different parts of the real estate investing industry so I can sell on a
nationwide basis in a national basis like
4:7 so oftentimes I'll wake up and I'll have like you know 10 20 30 sales just
from information products I created just from learning the business I'm not the
top house Loretta the top real estate agent but you know I make a full-time
income doing both of those so if you have some type of niche whether it's
real estate or something else you can create information products and sell
them on your website in different places that people will purchase and then just
go side inside it's just like creating content so the same way I'm creating
YouTube videos I'm also creating information products and you should be
doing both honestly and the next thing and this kind of is related to
information products but that's coaching so especially in real estate if you
start doing deals so you'll have people all the time that will I get people DM
in me emailing me calling me randomly somehow they got my number
texting me and asking to be be coached in some capacity and as a real estate
investor so whether you're a real estate agent or real estate investor you should
offer some type of coaching I know a lot of real estate investors what they'll do
they'll find like you know that the local real estate investor who's
up-and-coming and wants to eventually be a full-time investor and they'll say
look hey if you get any deals give them to me seven send me the leads and we'll
split the deal 50/50 but I'll help you get it done I'll give you some tips
along the way and it's a win-win because the the new investor they might not have
to pay like ten or twenty thousand dollars for a coaching program and they
still kind of get mentored by the local guy and then the local investor he gets
deals that he gets a 50% cut on just for basically getting the deal done and
while the other investor brings him the leads he gets a deal done so there's a
bunch of different ways you can do that you can also offer paid coaching paid
mentorship so I believe in paid mentorship I did I've done plenty of
pavement herships I think they're very valuable you always learn something but
you can offer you can say you know if you have a new agent a new investor that
wants to work with you or work under you you can see yeah you know five hundred
dollars a month or you know you can create different coaching programs or
different splits whatever makes sense for your business or industry and lastly
is rental properties and also that goes with Airbnb and things like that so I'm
actually setting up an Airbnb right now you always want to invest in things that
you understand right so for me like I'm not out here invest
Bitcoin or things like that just because I don't understand it but with like
rental properties like the one rental property I have it's pretty
straightforward it's like okay I can get this much rent and here's the mortgage
here's a taxes so theoretically I could make this much and maybe there's gonna
be some appreciation down the road so it's pretty clear-cut you understand it
you understand values a lot more so if you're in real estate you should be
buying rental properties I know some investors that might purchase like one
or two or three rental properties every single year and then eventually they
might have like 10 or 20 rental properties they're all paying each other
down and then they use the income from those rental properties to purchase more
rental properties and they just keep building it up so there's a lot of
potential with rental properties for sure and with rental properties like
with anything I would say like start small start local and then eventually
work your way up you know if you want to buy apartment buildings I'm looking at I
was looking at some 5 and 10 you know apartment buildings I'm looking to
purchase probably probably a little bit away from that but that's the next step
up from rental properties you know there's always another next level so
some people prefer single-family houses I actually prefer multi-family just
because the scaleability it's much easier to scale once you get the hang of
multifamily than it is to purchase like 20 rentals all across town they have 20
different roofs 20 different HVAC systems everything like that so keep
that in mind and lastly and these are just some bonus tips to make money in
real estate you know there's a lot of people that are like property managers
so you can just man if you want to get into real estate you can start managing
someone's property no I used to be a property manager actually it's a little
tedious but you learn a lot about the business so that can be a great way
you're not going to make a million dollars a year of being a property
manager but it's a good starting point in a couple other ways you can be a
private lender so if you're familiar with hard money lending that's basically
companies that lend money to real estate investors and they have a team of
qualified people that vet every deal just to make sure there's enough equity
in it and that the investor knows what they're doing and the way they get their
monies from private lenders so you can if you have experience and you have a
lot of funds just sitting around instead of investing in Bitcoin or you know the
new restaurant that your friend wants to do the new bar my buddy was asking me
he's like shy invest in this bar and I was just like I don't know anything
about the restaurant or bar industry but it's like no just don't do that like I
don't know what the failure rate is but it's not a high success rate something
like real estate it's a tangible asset especially if you're going through
someone like a hard money lender who vets every deal who's been in business
for a while who knows what they're doing and you can also be a private lender I'm
just normal real estate investment deals you can be in first position on the load
on a discounted property and that you know instead of the investor pain like
fifteen percent and three points so hard money lender maybe you give them a rate
of like 10 percent 12 percent maybe just one point and then your investment is
secured by the property and the properties under value so even if the
investor completely mess everything up you can still whore closed on the
investor if you really had to you probably wouldn't come down to that and
still make money just sell the property so private lending is another thing you
should look into and then lastly and this is good for people if you have a
lot of money if you have a little bit of money
crowdfunding there's a lot of real estate crowdfunding sites I'm actually
gonna make a video about real estate crowdfunding but that's a huge
opportunity works pretty similar to hard money lending so with crowdfunding
they'll have different real estate projects and they'll they'll vet all the
developers and all the real estate investors to make sure that they know
what they're doing they're experienced everything like that and then they'll
raise money from just people that want to get into real estate investing but
they might not want to manage different deals they might not know how to find
deals things like that so you can invest in these in these projects for as little
as five hundred dollars I think that's the minimum for like fund rise and
places like that and really become essentially a real estate investor and a
really small scale basis so it's a pretty cool thing to look into okay so
thanks for watching this video on five different ways to make money in real
estate I hope you enjoyed it if you're a real estate agent if you're a real
estate investor if you're just interested in real estate you should
always keep most of these options open and even if you're not in real estate
you should always my opinion you should be buying rental properties you should
be creating information products you can be mentoring other people and then also
doing your main business so there's a lot of different income streams and
Kompas abilities that can just turn an ordinary average business into a
supercharged five different income stream type of type of business so keep
those in mind keep an open mind hope you like this video please
subscribe please like please share it and I'll see
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