Looking for some input from all the investment sales/ commercial real estate brokers.
I’m trying to see what options may be available as a way to make some stable income to ease the burden of my never ending expenses while weathering the storm that this market has become.
So far I’m thinking about taking on some property management contracts but I am thinking it may eat up my entire day and leave no time for my main focus which is investment sales. Also thinking about doing hard money but I’m not familiar with the business so it would be a long learning curve.
Any input/ideas are greatly appreciated.
Thank you
Don’t know why you got MS. SB to even you out.
Maybe not a side hustle per say since you need a lot of capital upfront- but definitely worth noting.
Not worth MS but first off, if he had that kind of capital lying around he probably wouldn't be in need of additional income to meet never-ending expenses.
Moreover, being a passive manager of small properties is an awful way to make money. If you can scale it up, then yes, it's a great way to pump out cash flow with little effort. But for those first few, he's gotta be on site, every day, dealing with issues. Basic knowledge of plumbing or carpentry helps for fixing leaks and repairing water damage. Being able to knock on doors and hit up tenants for late rent is key. If you hire a third party for all these issues, you'll find that your cash flow evaporates to near-nothing.