Wholesaling real estate is one of the easiest, most affordable, and potentially lucrative ways to earn money from residential and commercial properties. It has fewer upfront costs, a lighter workload, and fewer risks than other real estate investment opportunities, making it an economically-wise decision to consider. Though assignment fees can generate thousands of dollars for wholesalers, having multiple revenue streams is still essential.
Don’t Put Your Eggs In One Basket
Wholesalers may have fewer risks than other investors, but that doesn’t mean that issues can’t arise. If a buyer backs out of your wholesale real estate contract or can’t find a buyer before time runs out, you won’t earn a penny. Not to mention, if the market changes and property availability or suitable buyers decline, you could go weeks or months without generating any cash. Therefore, you should never put all your eggs in one basket.
The Opportunities Are Endless
Real estate wholesaling has been around for a while but has recently become a hot topic. Property owners, investors, and individuals interested in earning extra money are constantly seeking the services or experience of real estate wholesalers. You can use this to your advantage to create other income channels. Below are a few income-earning solutions to consider.
Blogs
Turn your education, training, skills, and experience into content and start earning money. You can write articles about real estate wholesaling from various angles. Homeowners would appreciate blogs on how wholesaling works, finding the best wholesaler, and the pros and cons of using this method to sell their properties. Investors can find value in content centered around finding suitable properties, connecting with sellers, and using wholesalers to streamline processes. Individuals interested in becoming a real estate wholesaler could benefit from tips on how to get started or proven strategies to start earning money.
As you draft compelling content and grow your audience, you’ll start getting inquiries for service. You’ll also have a popular blog, which you can get paid for ad placement or publishing articles from other real estate professionals.
Guides, Ebooks, and Online Courses
Blogs aren’t the only way you can share your knowledge about real estate wholesaling. You can also turn your information into guides, eBooks, and online courses and charge a fee. Whether you write about wholesaling houses for beginners or provide tips to find buyers, interested parties will invest in learning how to capitalize on the real estate market. Depending on the credibility and effectiveness of your content and your marketing efforts, you could make thousands of dollars a year on educational materials that took you a few hours to create. You could create multiple guides, eBooks, and online courses to increase your earnings potential.
Podcasts
Podcasts have become efficient for people to remain “in the know” about topics of interest or concern. Their visual and audio components make podcasts more engaging and educational than radio stations, ultimately attracting millions of listeners daily. You can use these platforms to your advantage by making guest appearances on popular podcasts.
You gain access to a broad audience of listeners where you can advertise your products and services like wholesaling, your blog, guides, eBooks, and online courses to boost sales. You can provide tips, share your experience, and answer questions to help listeners understand how working with you could benefit them.
It’s ideal to stick to podcasts related to real estate, earning money, or business management; however, venturing out to platforms that align with your target audience’s interests can also be beneficial.
Real estate wholesaling can generate a lot of money when completed successfully. However, like any business or investment opportunity, there are instances where generating profits is challenging. Having more than one way to earn money can keep you afloat and ultimately give you the cash flow you need to expand your real estate business. Try incorporating the income-earning solutions listed above into your wholesaling business and witness the profit potential firsthand.
