So before we discuss on the ways to make extra money on real estate, let us first understand what real estate is really.
If you Google the definition of Real Estate, it is defined as; real property: property consisting of houses and land.
Although by definition it takes a “real property” to be called real estate, but it doesn’t take you to own a real property make extra money from real estate. So know that ownership of a property does not matter in having a second income source from real estate.
Instead I want you to focus on the words on the definition which is “houses and land”. Real Estate is all about houses, land, condominiums, duplex, town house, and etc. As long as it involves a specific area that people can live in or use commercially it belongs to the realm of real estate.
So how do you earn extra income from real estate? Well there are a lot of ways. But I want to share to you 3 ways to make extra money on real estate. And that is:
1. Flipping or Wholesaling
2. Affiliate real estate selling
3. Brokering deals
I know some of you will question why I did not include long term investing in real estate which is the buy and hold (for 5-10 years) concept but apparently that is not the goal of this blog. Yes you can earn extra from that as well but, it takes too long.
Again the whole purpose of this blog is to share with you the fastest strategies to earn extra money, and I think you’ll agree with me that 5-10 years is not really fast.
So we will focus on the three strategies above.
On my next coming post, I will discuss to you on details the definitions on the three strategies above and the fastest ways to make extra money with it.
Now go and live a remarkable life.
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