I’ve done a lot of different things in real estate investing, but one of my favorites is being a hard money lender. If you have the cash, you can “become the bank” and lend money to house flippers or landlords who need to do serious work to a property before they can get a typical bank loan.
Similar to hard money lending, becoming a money partner means you are bringing the cash to the table, and the other party is bringing the deal (and usually managing the renovation or operation of the property). But instead of offering them a loan at a set interest rate, you are becoming an equity partner with them and will make a certain percentage of the total profit at the end of the day.
Wholesaling is how we got our start in real estate investing and built up our cash reserves to purchase more rental properties.If you’re not familiar with it, the basic premise is you go out and hustle looking for good deals on properties, put them under contract, then sell that contract to another investor for a fee.