Real Estate Side Hustle: 15 Profitable Ideas For 2023

Are you looking for a way to earn some extra cash on the side? Why not consider a real estate side hustle?

Whether you’re already in the industry as a real estate agent or investor, or just looking for ways to dip your toes into the world of property management and investing, there are countless opportunities out there.

From flipping houses to Airbnb hosting, becoming a property manager or even offering consulting services – the possibilities are endless.

So why not take advantage of this lucrative opportunity and start earning more today? Read on to explore different real estate side hustles that could bring you some extra money!

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Best Real Estate Side Hustles To Explore

If you are looking for a side hustle, the real estate industry is one where you’ll find numerous opportunities to consider, including buy-and-flip properties, Airbnb hosting, just to mention a few.

Keep reading for even more ideas to increase your income in the ever-expanding world of real estate!

Buy And Flip Properties

Buy and flip properties is a popular real estate side hustle that has the potential for significant profits.

Real estate side hustle

This strategy involves finding undervalued properties, renovating them, and then selling them at a higher price to make a profit. However, it’s important to note that this method requires upfront cash or financing to purchase the property and complete renovations.

To successfully buy and flip properties, you need to have knowledge of the local market and be able to identify properties with good potential for renovation. It’s also crucial to have a team of reliable contractors who can help you complete repairs quickly and cost-effectively.

Successful real estate flippers can make an average net profit of $25,000 to $35,000 per deal while investing only part-time hours in their hustle.

Invest In Real Estate Crowdfunding

Real estate crowdfunding has become an increasingly popular way to invest in property without having to buy the entire property outright.

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With real estate crowdfunding platforms, investors can pool their money together and invest in a wide range of projects with varying levels of risk and return. This option allows for small investments that are suitable for people who do not have large amounts of capital or want to limit their exposure. This is how Grant Cardone created a multi-billion dollar empire with Cardone Capital.

One thing to consider when investing in real estate crowdfunding is the platform itself, as there are many different ones available. Some platforms specialize in certain types of properties or projects, while others focus on specific regions or markets. It’s essential to research each platform thoroughly before committing any funds, including checking its reputation and reading reviews from other investors.

Overall, real estate crowdfunding provides a unique opportunity for individuals looking for alternative investment options beyond traditional stocks and bonds. By pooling funds with other investors via these specialized platforms, you can diversify your portfolio even further while potentially earning high returns on your investment over time.

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Become A Property Manager

Becoming a property manager is one of the most popular real estate side hustles. As a property manager, you can earn money by managing properties for other real estate investors or landlords. You’ll be responsible for collecting rent, handling maintenance and repairs, screening tenants, and ensuring that each property remains occupied. Graham Stephan, a popular YouTuber, is a well known real estate manager in addition to being a realtor.

Moreover, it’s also possible to earn additional income from other services such as late fee collections or offering tenant placement services.

With rental real estate being a lucrative option for investors everywhere, there’s always demand for quality property managers who can manage properties efficiently and effectively.

Take On Freelance Real Estate Projects

Taking on freelance real estate projects is an excellent way to earn extra income without committing to a full-time job.

As a freelancer real estate investor, you can choose the type of project that aligns with your skills and interests. Real estate freelancers typically work on short-term assignments rather than long-term contracts.

Freelance real estate projects may include conducting market research, drafting real estate ads or writing blog articles for other real estate agents, assisting buyers and sellers during closing processes, and completing home inspections.

Many freelance opportunities are available in the areas of property management or rental arbitrage as well. Taking on these types of projects allows you to gain experience in different areas while making some extra cash on the side.

Offer Real Estate Consulting Services

Offering real estate consulting services is an excellent way to monetize your expertise in the industry.

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As a consultant, you can offer guidance to buyers and sellers alike on how to navigate the complex real estate market with ease. This side hustle requires minimal investment but can be quite lucrative, especially if you establish yourself as an expert.

Consultants have enormous earning potential in this field, as there are various areas where one can specialize, such as property management or house flipping consultancy services.

In addition, offering consultation services allows you to diversify your income streams and build relationships with clients that could lead to referrals for future business opportunities.

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Airbnb Hosting

Airbnb hosting is a popular real estate side hustle that has gained momentum in recent years. In fact, according to CNBC, the average Airbnb host earns an extra $924 per month.

With over 150 million active users globally and counting, it’s not hard to see why so many people are jumping on board.

To get started with Airbnb hosting, all you need is a spare room or property that meets the platform’s requirements. From there, you can set your own price and create a listing for travelers seeking temporary accommodation in your area.

You can also select which dates you’re willing to rent out your space and choose who stays with you through guest vetting.

House Hacking

House hacking is a real estate side hustle that involves purchasing a property and renting out individual rooms or units for extra income.

One of the benefits of house hacking is the flexibility it offers, as you can tailor the arrangement based on your specific needs and preferences. For example, homeowners can choose to rent out just one room while still occupying other parts of the property themselves. This provides an opportunity to save money while generating additional monthly income through rental payments from tenants.

Additionally, choosing strategic locations near universities, downtown areas, hospitals and other high-traffic spots increases both demand and profitability potential for this type of investment strategy.

Becoming A Virtual Assistant In Real Estate

Becoming a virtual assistant in real estate is a perfect side hustle for anyone interested in the industry.

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As more and more professionals are working remotely, there’s an increasing demand for top-notch virtual assistants in this field. From handling email correspondence to managing social media accounts, becoming a virtual assistant can provide you with extra cash while offering flexibility when it comes to your schedule.

One of the benefits of being a virtual assistant is that you don’t need any formal education or real estate license to get started.

You’ll have access to different types of clients, including brokers and agents who need assistance with their day-to-day operations. Moreover, some firms even offer training programs for aspiring virtual assistants, helping them hone their skills before taking on clients.

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Bird Dogging: Finding Investment Properties For Others

Bird dogging is a real estate side hustle that involves finding investment properties for others.

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Essentially, you act as a scout or finder for investors looking to purchase properties in your area. Your job is to find potential properties and pass them along to the investor, who will then evaluate whether or not it’s a good investment opportunity.

One of the benefits of bird dogging is that it doesn’t require any upfront investment on your part. You simply need to know where to look and have some basic knowledge of the local real estate market. Additionally, most real estate agents are willing to pay generous finder’s fees for successful deals, which means you can potentially earn thousands of dollars per transaction.

To be successful at bird dogging, it’s important to build relationships with other real estate professionals in your area. This includes agents, brokers, and property managers who may have access to off-market listings or insider information about upcoming sales.

By networking and building strong relationships within the industry, you’ll increase your chances of finding great deals for your clients.

Investing In Pre-vetted Commercial Real Estate

Investing in pre-vetted commercial real estate is an excellent option for those interested in a hands-off approach to real estate.

One of the advantages of investing in pre-vetted commercial real estate is access to deals that may not be available for individual investors. These opportunities can include high-value, long-term leases with credit-worthy tenants or distressed assets at discounted prices.

This type of investment also provides passive income from rental income and appreciation over time without much involvement from investors themselves.

Short-term Vacation Rentals

One popular real estate side hustle is short-term vacation rentals.

With the rise of platforms like Airbnb and Vrbo, renting out a spare bedroom or entire property can be a lucrative way to earn extra cash. In fact, one article lists Airbnb hosting as just one of 15 real estate side hustle ideas beyond traditional investing.

Short-term vacation rentals not only provide an opportunity for passive income, but they also allow hosts to meet new people from all over the world. It’s important to research local regulations and taxes related to short-term rentals before getting started.

However, with proper management and attention to detail, short-term vacation rentals can be a great addition to any real estate side hustle portfolio.

Real Estate Blogger

Nowadays, many people start side businesses, especially real estate investors. You can make money starting a blog.

The primary drawback of blogs is that money doesn’t come in right away. Writing instructional and interesting material that ranks well with Google’s search engine algorithms requires a lot of time and effort to start and expand your blog.

Having said that, your blog’s earning potential will increase dramatically after you learn the ropes. You could initially be able to generate $1,000 or more in a year, then grow that real estate blog to eventually earn many thousands of dollars more.

Also, having a real estate blog may be a fantastic creative outlet and a method to educate aspiring real estate investors about the business. A real estate blog’s greatest benefit is that it has virtually unlimited expansion potential.

Long-term Rentals

Long-term rentals are a popular side hustle option for those looking to generate passive income.

By renting out a property on a long-term lease, investors can earn monthly rent payments without having to actively manage the property. This type of rental is typically set up with leases that last one year or more.

One major advantage of long-term rentals is their stability compared to short-term vacation rentals or Airbnb hosting. With a long-term lease, landlords have consistent cash flow and reliable tenants who are less likely to cause problems or damage the property.

Additionally, landlords can often charge higher rent than what they pay in mortgage and expenses, allowing them to build equity and grow their real estate portfolio over time.

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REIT Investing

REIT stands for Real Estate Investment Trust, which is a real estate company that owns and operates income-producing real estate properties.

REITs are considered one of the easier ways to invest in real estate without having to actually own or manage the property. Investors can buy shares of a publicly traded REIT just like they would with any other stocks.

One major advantage of investing in REITs is that they typically offer high dividend yields, making them an attractive investment option for those seeking passive income streams. Additionally, since most REITs operate within specific sectors (such as healthcare or commercial office space), investors have the ability to diversify their real estate holdings without needing large amounts of capital.

However, it’s important to note that investing in REITs also comes with certain risks, such as fluctuations in market values due to changes in interest rates or economic conditions. As with any investment opportunity, it’s crucial to conduct thorough research and seek advice from a real estate professional before jumping into a new venture.

Raw land

You may avoid the three Ts of tenants, termites, and toilets by investing in raw land, which makes it an appealing real estate side business to think about.

With raw land, an investor often only needs to take care of the property taxes and make occasional visits to ensure that squatters don’t occupy the area. Two ways to get a little extra money from land are purchasing and holding undeveloped land in the way of development or renting the land out for camping or recreational purposes.

Advantages Of Having A Side Hustle In Real Estate

Having a real estate side hustle can offer numerous advantages beyond just earning extra cash.

For one, it allows you to diversify your income streams and create a safety net in case of unexpected events such as losing your primary source of income.

Additionally, having a side hustle in the real estate industry provides opportunities for networking and expanding your knowledge and skills, which can ultimately benefit your main career.

Moreover, real estate side hustles have unlimited earning potential. Whether you choose to invest in rental properties or flip homes for profit, there are plenty of opportunities to make money depending on your interests and expertise.

Not only that, but many real estate side hustles like property management can be done remotely from anywhere with an internet connection, giving you the flexibility to work around other commitments such as a full-time job or family responsibilities.

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Tips For Starting And Growing Your Real Estate Side Hustle

Develop A Business Plan

Developing a business plan is essential for any side hustle. This plan will help you set clear goals and objectives, identify target customers, create marketing strategies, and outline financial projections. It’s crucial to have a roadmap that guides your actions towards success.

When developing a business plan for your side job, ensure it includes both short-term and long-term goals. Short-term goals help you achieve quick wins while long-term goals create sustained growth over time.

Overall, developing a solid business plan can unlock unlimited earning potential in your real estate side hustle.

Build Your Network And Relationships

Building a strong network is crucial for success in any business, including real estate.

You can start by attending networking events and joining relevant groups on social media platforms like LinkedIn and Facebook. Engage with other professionals in the industry and offer your services to help them achieve their goals.

Another way to build relationships is by partnering with other real estate professionals, such as agents or property managers. You can offer your expertise and services, and they may refer clients to you in return. Referral business can be a lucrative source of income for real estate side hustles.

Enhance Your Skills And Knowledge

You need to continuously enhance your skills and knowledge.

Take courses, seminars, or online classes that can teach you more about real estate investing or property management. Attend local meetups and networking events where you can learn from other experienced professionals.

By expanding your skill set, you will be able to offer better services to clients and make smarter investment decisions. For example, if you want to become a property manager, it is essential to understand the legalities involved in leasing agreements and how to handle tenant complaints.

Enhancing your skills through learning experience puts you ahead of other real estate competitors who may not prioritize their education.

Set Realistic Expectations

While this can be an excellent source of extra income, it’s essential to understand that success doesn’t happen overnight. It takes time and effort to build your client base and establish yourself in the industry.

One important aspect of setting realistic expectations is understanding the local market. If housing prices are high or inventory is low, finding profitable deals may take longer than expected. However, by keeping a level head and continuing to work hard, you can overcome these challenges and find success in your side hustle.

Manage Your Time And Resources Effectively

Managing your time and resources effectively is crucial when starting a real estate business.

With the demands of a full-time job, family obligations, and other commitments, it’s important to carve out dedicated time for your side hustle. Prioritizing tasks and creating a schedule can help you stay organized and efficient.

Overall, by practicing effective time management skills and making smart financial decisions early on, you’ll be setting yourself up for success with your real estate side hustle. It takes hard work but knowing how to make the most of what you have will help you reach all those money goals!


In conclusion, a real estate side hustle can be an excellent way to earn extra income and build long-term wealth.

With so many options available – from house hacking to crowdfunding investments – there’s no shortage of opportunities for motivated individuals in today’s market.

By developing a solid business plan, networking with other professionals, and enhancing your skills and knowledge, you can increase your chances of success in this lucrative field.

So why not take the leap into real estate side hustles? You never know where it might lead!

Before you leave

If you’re tired of scams and want a real solution for making money online check out my no.1 recommendation.

It’s helped me earn over $300,000 in the last 12 months alone:

Go here to see my no.1 recommendation for making money online

(This is a 100% free training)

Real Estate Side Hustle: 15 Profitable Ideas For 2023 7

David Fortune has been the editor since 2019. He is an expert at writing content on stock advisory services, side hustles, reviewing online business opportunities and many more topics. You can learn more about David on our about us page.

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