If you are a beginner real estate investor or an experienced real estate agent wondering how to make money online in real estate, then this is the guide for you (and everyone in between). There are many opportunities that are available to you on the internet that you could use to bring cash to your pocket. Keep reading as we unveil 12 easy and realistic strategies for how to make money online in real estate.
How to Make Money Online in Real Estate
1) Real Estate Crowdfunding
The first strategy on our list on how to make money online in real estate is to invest through real estate crowdfunding. This consists of raising money through the internet for a real estate investment project with the help of a ‘crowd’ of investors, with the goal of creating a source of passive income. There are plenty of real estate crowdfunding platforms that you can join to team up with other real estate investors from around the world and pool your money to purchase investment real estate. The best thing about these platforms is that they give you the opportunity to invest with as little as $500. And in the end, you will make money by earning a percentage of the profits generated by the crowdfunded real estate.
Related: The Best Real Estate Crowdfunding Sites
2) Real Estate Syndication
Another strategy to make money online in real estate is to invest in a real estate syndication. A real estate syndication is a partnership between several real estate investors who combine their financial and intellectual resources to purchase and manage an investment property they otherwise could not afford. How do you make money with real estate syndication? Rental income from the syndicated property is distributed among all the investors. So, as an income property investor, you are entitled to a share of the profits made. Many real estate syndication opportunities are available online. Once you find the best real estate deal, all you have to do is keep in touch with the syndicator, which is the manager and operator of the investment property.
3) Online Investment Property Analysis
The third way you can go about making money online with real estate is through online investment property analysis. You can search for and analyze the investment potential of rental properties using a real estate analytics platform like Mashvisor. Mashvisor is an online real estate software that helps investors find properties that are a good investment, either as a traditional (long-term) rental property or an Airbnb (short-term) rental property. You can make money online by finding the most profitable rental properties within the US housing market with the help of the software’s various real estate investment tools, such as:
- Heatmap Analysis Tool (used for evaluating the performance of neighborhoods)
- Property Finder (used for finding rental properties with a high return on investment)
- Real Estate Investment Calculator (used for analyzing investment properties for profitability)
Check out Mashvisor to start your online property search and find investment properties online in a matter of minutes.
4) Rent Out on Airbnb
Another answer to the question “how to make money online in real estate?” is by becoming an Airbnb host. If you have an extra bedroom in your house or even a second home that often goes unused, why not consider renting it out? All you have to do is set up an account and list your property on a short-term rental website like Airbnb. You can set whatever price you want for your listing (as long as it’s reasonable!) and start making money with Airbnb. To ensure an online passive income, what you could do is hire an Airbnb property management company that will take care of the cleaning, check-in, and check-out processes.
Related: How to Become an Airbnb Host in 2020
To find out how much money your Airbnb rental property will make, you need to have access to an Airbnb analytics platform. The best one out there is Mashvisor. With Mashvisor, you can gain access to market-level Airbnb data, as well as property-level Airbnb data, in any location in the US.
5) Take Online Real Estate Courses
Another way you can go about making money with real estate online is by taking online real estate courses. No matter how experienced you are in the real estate industry, there is always room for improvement. The more you know about the business, the bigger the chance of you becoming successful. By signing up for online real estate classes, you will not only expand your knowledge in the business, but also gain new skills, discover new real estate investment strategies, and stay up to date with the different real estate laws and regulations. All of the materials covered in your classes will help you to make smarter moves in your career, especially money-wise.
Related: What Are the Best Free Real Estate Online Courses Available to You?
6) Teach Online Real Estate Classes
If you are an experienced real estate investor or real estate agent, you can make money online by sharing your skills and knowledge with beginner investors and agents. There are thousands of people out there who are interested in learning the real estate business and who are willing to pay for online classes. You can set up online real estate courses through a platform like Teachable.com and teach your course material through written tutorials, PDF downloads, and videos. Alternatively, you can start your own educational real estate platform and upload your content there. Either way, you will be able to achieve passive income by selling your online courses over and over again.
7) Become a Real Estate Mentor
Another way to take advantage of your real estate skills and make money online is by becoming a real estate mentor. There are a lot of people new to the real estate industry who are looking to hire a mentor to help them get started in their real estate career. If you’re an expert in the industry, you can use your skills to tutor aspiring real estate professionals and share your success with them. Mentoring can actually become a business itself if what you teach helps people grow their careers.
8) Create a Real Estate Website
Another strategy on our list on how to make money online in real estate is to set up your own real estate website. You can use your platform to advertise your real estate courses and promote your tutoring to a large audience. You can also earn money online by pursuing sponsored posts and ads. You can, for example, sign up for Google Adsense, which allows you to monetize your website by displaying targeted Google ads. You will earn money every time a visitor to your website clicks on these ads. The more traffic you get on your website, the higher the earnings will be.
9) Write Real Estate Blogs
If you have writing skills and are wondering how to make money online in real estate, then you may want to consider becoming a real estate blogger. You can share your knowledge, expertise, and experience as a realtor or real estate investor on your own website and earn money online by creating a revenue-producing real estate blog. You can even write real estate blogs and articles for other websites and get paid for it. Online publications are ready to pay contributors lots of money for writing professional content.
10) Become an Affiliate
If you have a real estate blog or website, you can also make money online through affiliate marketing. The idea behind affiliate marketing is that you promote other companies’ products on your blog or website through an affiliate program, and earn a commission if people actually end up buying thanks to your marketing. There are hundreds of affiliate programs available on the internet. If you become an affiliate, you can generate thousands of dollars a month by simply posting affiliate links on your real estate blog or website.
11) Make Real Estate Videos
Another answer to the question “how to make money online in real estate” is by making real estate videos. You can start your own YouTube channel and upload real estate videos regularly to garner subscribers. To earn money from YouTube, all you have to do is monetize your videos. You will get paid based on how many views your videos receive: The more views your videos get, the more money you will make. And once you’ve gathered a large number of subscribers, you can also start partnering with real estate companies that will pay you a fee to have their products mentioned or reviewed. Video marketing is set to become the most popular type of marketing in 2020.
12) Share on Social Media
The last on our list of the best ways of how to make money in real estate online is to use social media. Regardless of your real estate background and aspirations, you can create professional accounts on all social media platforms – from Facebook to Instagram and Pinterest – and share real estate related content regularly. Once you gather a large social media following, you can earn money online by posting sponsored content and ads. Companies and brands pay content creators with large numbers of followers tons of money for promoting their products and boosting their popularity.
Conclusion
How to make money online in real estate is no longer a mystery. You now know 12 easy and realistic strategies that you could explore to start earning cash from the comfort of your home. Keep in mind, however, that whatever strategy you choose to opt for, your online income will take some time to grow. You are venturing into a new business after all. And just like any business venture, it requires you to have some perseverance. If you persevere, then you will get to where you want.