Seven Streams of Real Estate Income

Seven Streams of Real Estate Income

49mBeginner2020-10-23

Authors

WealthFit

WealthFit

An e-learning company focused on financial education

Madecraft

Madecraft

Full-Service Learning Content Company

Course details

Real estate investing has the potential for being highly lucrative, and there are actually many different ways to generate income from the real estate market. In this course, learn strategies for maximizing gains in real estate investing. Discover seven ways you can earn money in real estate, and review the quick steps you must take to prepare yourself before you get started. Plus, get tips that can help you quickly generate a cash flow, as well as ideas for creating passive (versus active) income. After you wrap up this course, you'll have the general knowledge you need to start generating income from real estate.

Skills covered

Corporate FinanceFinance and AccountingOne-Off

Concepts

Introduction

  • Real estate income can generate real money

Questions to Ask Yourself before Starting a New Venture

  • Determine how much time you can commit
  • Choosing opportunities that complement your strengths
  • Determine your needs
  • Determining your business model definitively

Identifying Your Team's Strengths and Weaknesses

  • Uncovering your needs
  • The e-myth

Offline Opportunities for Maximum Effectiveness

  • How to wholesale for creating cash flow
  • Creating visibility to opportunity through prehabbing
  • Deciding between wholesaling and prehabbing

Referring Real Estate Deals

  • The process behind warming up a lead
  • Getting commissions from referrals
  • Leveraging a relationship to help list a property
  • Getting more leads

Co-Branding with Mortgage Brokers

  • Marketing to stand out in a crowded field

Referrals for Services

  • Excel with referring services

Referrals for Mortgage Brokers

  • The benefits of connecting your networks

Online Opportunities for Growth

  • Having a professional web presence
  • Automating lead generation
  • Leveraging affiliate marketing
  • Niche information to make multiple streams of income

The Power of Passive Income

  • Generating income through rental properties
  • Commercial real estate and private money lending
  • How to maximize your tax savings

Conclusion

  • Research different streams of income that could add to your business
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