The web opens up opportunities for making money without viewing building sites. They are remote real estate investing more accessible with digital tools. From flipping homes to investing in rental properties, here are some of the best ways to start making money online with real estate investing. Crowdfunding platforms like Fundrise and Rich Uncles allow you to invest in real estate remotely. You can browse investment offerings, invest in a diversified portfolio of properties, and earn dividends from the rental income and appreciation. Minimums start around $500 so it’s easy to get started. Leverage technology to diversify.
- Flip homes remotely
House flipping is now possible without seeing the property in person. Platforms like Roofstock to browse homes, evaluate markets, and select investment properties digitally. You can buy, perform renovations, and then sell the home once repairs are complete. Hire local contractors to complete renovations and manage inspections.
- Invest in rental properties
With screening and leasing processes now online, purchasing rental properties virtually is easier than ever. You don’t need to live nearby to buy a property, list it online, screen tenants digitally, and hire a property manager to handle ongoing maintenance.
- Lend money to real estate investors
Hard money lending platforms like LendingHome let you lend capital to real estate investors flipping homes or funding renovations. You earn interest monthly with less risk than owning properties directly. Review deals online, choose loans to fund, and earn higher returns on your capital through real estate without getting your hands dirty.
- Trade the stock market
Invest in real estate stocks and REITs to benefit from the housing market 37 ways to make money online in 2023 offer your skills as a freelance writer, designer, developer, marketer, or in any other area on platforms like Upwork, Freelancer, or Fiverr. Add these liquid investments to diversify your portfolio and reduce risk. The public markets offer exposure to real estate without the hassles of ownership. Create digital products to help aspiring investors learn the ropes. Sell online courses, membership sites, e-books, and more tailored to real estate niches. Share your knowledge while earning passive income. Automate product delivery and enjoy earning royalties on each sale. A benefit of info-products is leveraging your expertise.
- Offer consulting services
Offer your real estate knowledge as a consultant. Provide virtual coaching and strategy sessions to clients looking to invest in certain markets. Charge hourly or package you’re consulting into fixed-fee offerings to share your experience with smart investments. Research promising proptech with innovative solutions and invest. Invest directly in startups or participate via equity crowdfunding platforms. Benefit from proptech growth.
- Utilize tax benefits
Take advantage of tax deductions as a real estate investor like depreciation, travel costs, repairs, mortgage interest, insurance, utilities, and more. Be strategic about realizing gains and losses to optimize taxes. Understand 1031 exchanges to defer taxes when selling one property and reinvesting in another. Use an accountant to maximize write-offs. Establish yourself as an authority by launching a real estate blog, podcast, YouTube channel, etc. Share your knowledge and experience to reputation. Obtaining leads to book deals, speaking engagements, and increased demand for your services. Offer free value to attract paid opportunities.