These days, it seems like everybody has a side hustle, whether it’s a hobby they’ve started using to make extra cash or just an extra income stream. Some people build up rental portfolios to earn more on the side and support their lifestyles, but we are here to tell you that the best side hustle is one you may have never thought about: selling Texas real estate.
Is selling real estate a good side hustle?
Short answer: Yes, and here's a sneak peek of why.
- You can make your own schedule
- You come with a built-in network of possible clients since you already have another job
- You'll have the knowledge to start investing in real estate yourself
- There is not as much financial pressure attached to real estate as a side hustle
Let's dive in a little deeper.
First, Get Your Real Estate License
Receiving your real estate license in Texas can be a lot of work, but it can be worth it to have a profitable side hustle to support your other passions. Before you can begin making money, you’ll have to fulfill the requirements for receiving your Texas real estate license, which include 180 hours of education and passing the Texas Real Estate Commission (TREC) exam.
Real Estate Lets You Make Your Own Schedule
One reason real estate makes a great side hustle is that you’re the boss. Real estate careers allow you the flexibility to build your hours around the work you are already doing. Are you a musician who works mostly at night? Great! You’ll be able to build your real estate business during the day. You’ll also be able to plan around your busy periods at work if you need to, taking time away from your real estate side hustle when you need to. Real estate careers also work well as a side hustle for traditional nine-to-five jobs, since house showings tend to happen during unusual hours, like nights and weekends. Aside from house showings, you’ll be able to do a lot of the work you need to in real estate from home, providing you with even more flexibility.
Your Co-workers Could Be Your Potential Clients
Since real estate is your side hustle, you already have another career. This is an awesome resource for networking and finding potential clients. Tap into the pool of people around you and see if any of them need real estate help. You might even be able to carve out your own niche as real estate agent to your industry, whatever that may be. Don’t be pushy or abuse your connections, but become a trustworthy resource for co-workers and acquaintances.
You'll Know How to Invest in Real Estate
Are you yourself looking to invest in real estate? When you have your real estate license, you tend to spend a lot of time looking at listing and researching the market. This provides you with a knowledge base that allows you to know a good deal with you see it. By keeping your finger on the pulse of the market, you’ll have access to the best properties first, providing you with opportunities to expand your side hustle by flipping houses or renting properties.
You Can Make Money Without the Pressure
Real estate can be a feast or famine business, but as a side hustle, some of the pressure to sell constantly is removed. Real estate can provide occasional supplemental income to bolster your full-time career. And who knows? Maybe you’ll discover that selling real estate is your full-time passion.