Every day, you’re hustling. Maybe your hustle just isn’t enough to pay off those student loans fast enough. Or could use a few extra bucks to worry less about credit card bills. Or maybe you’re ready to buy an investment property but just need to scrape together a down payment and have cash reserves.
It’s time for you to get a real estate side hustle.
Many Americans have some kind of side hustle. A lot of these side hustlers have full-time jobs. Or they are looking to leave that full-time job and start earning passive income while they live the life they want on their own terms. If you’re looking to invest in real estate, side hustles can help you get there without making a drastic change to your lifestyle as well as get your feet wet in the industry.
Some of these side hustles require a little bit of cash to start, while others don’t. Some require a license and some training. Others require that you have great selling skills or killer connections in the industry.
But no matter where you are in your real estate journey, you can start making some extra money with at least one of these side hustle ideas.
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Real Estate Side Hustles : License Or No License
Real estate is a massive industry. After all, everyone needs a place to live. There are dozens of professions that focus on the real estate industry and there are all sorts of opportunities for real estate side hustles as well.
Some of the activities in the real estate industry require you to have a real estate license. The licensing process changes from state to state in the US, although most of the laws and rules are similar wherever you go.
The licensing laws in your state are important to understand because you DO NOT want to be performing activities that require a license if you don’t have one. The penalties are big fines and possible jail time.
Additionally, you want to be sure you aren’t putting your real estate license at risk by breaking state laws. The laws have all been crafted with consumer protection in mind and there are all sorts of ways where sloppy or unethical behavior can land you in hot water.
With that in mind, here are some real estate side hustles that may be worth exploring. It’s not a comprehensive list, but it’s a solid start.