Additional Income From Real Estate
The beauty of real estate as a field and industry is that there are so many different way to make a living from it.
The rental business is a great foundational platform to launch other ancillary services and profit centers.
Your existing housing business (rentals) make an excellent platform from which to launch a parallel business opportunity.
By marketing yourself cleverly as a rental preparation expert you can save other investors a lot of money and provide a complimentary income stream for yourself.
Land Trust Trustee Services
Suppose, you're not the hands-on type, couldn't you start a home-based mortgage brokering business.
Let's not forget professional title searching.
You can get started in this business working from both home and from the courthouse not needing an office.
While this is more like buying a job, you can take this valuable skill and begin to either buy bad paper for literally pennies on the dollar and recast it or buy distressed properties loaded with junk liens and with your title expertise effectively--de-lien the title (certain liens will expire), thereby letting time clean the title.
Let's not forget buying and selling properties.
The two biggest opportunities are the Rent-to-Own / Installment Sales house business.
Right now the wholesale game is looking great because the investment markets are flooded by burned out stock investors.
The folks want good investments.
As a wholesaler you tie up the deals and let others close in your place.
The rent-to-own house business is another great opportunity because you as a professional buyer set up base financing with the seller and then resell with your own custom credit package, also know as lease-purchase, land contract, or RTO.
There are thousands, no make that, tens of thousands of folks who need your custom credit deals to get into a house.
Best of all, most of these properties can be sold in some sort of fixer upper condition as long as the major mechanical problems are fixed.
Get ten or twenty installment deals going and you'll see how good this can be.
Do you consider yourself somewhat of a marketing expert.
There are literally dozens and dozens of small business opportunities that you can start with minimal cash investments.
If you are in the rental business look for rental-related services you possibly could add to your business mix.
There's good potential offering low-cost storage space.
There are countless opportunities with land, mobile homes, paper, sales careers, property management, maintenance, consulting, furnished room and apartment rentals, investor services, and much more.
Open your mind to the idea of adding a new twist or service to the business you already have!
Bryan Wittenmyer has been investing in real estate for the past 15 years.
In the past five years he has written extensively in the real estate field.
Bryan served on the board of directors of the Real Estate Investment Association of Berk's County for 3 years.
Although Bryan hasn't attended formal university studies, he keeps himself educated reading a plethora of books, newsletter, journals, and listening to hundreds of audio tape lectures.
You can also benefit from his years of practical business experience, having managed several income stream businesses, ranging from automobile debt instruments to appliance paper.
He also has bought numerous real estate debt instruments - he knows the income stream business.
No part of the publication may be copied or reprinted
Alternate Sources of Income and Why You Need Them
Build a Junker Empire (Part 2)
Creative Real Estate Money Making Opportunities
The 3 Easiest Ways to Make Money In Real Estate