5 Side Hustles to Help Sustain Newbie Real Estate Wholesalers

5 Side Hustles to Help Sustain Newbie Real Estate Wholesalers

3 min read
Brett Snodgrass

Brett Snodgrass is CEO of Simple Wholesaling and has been a full-time real estate investor for 10+ years. He specializes in wholesaling, wholetailing, creative financing, and scaling a business from a one-man band to an amazing full team running 100s of deals per year.

Brett has extensive knowledge and firsthand experience in several facets of real estate investing. He is an investor in Indianapolis (who loves being a hoosier) and works with investors all over the country who want to invest in one of the top-rated cash-flowing markets in the nation—that being Indy.

Experience
Brett’s amazing team buys and sells 300+ properties per year and builds passive streams of income by creating 50+ creative financing deals per year. In a five-year timespan, Brett has gone from a one-person team to a full-time staff of 10+ team members and has tripled his deal flow.

As a man of faith and a real estate investor, Brett combines both to bring opportunities to everyone he encounters while spreading the kingdom of God. This is his mission and the purpose behind his company Simple Wholesaling. He has a passion for helping others in business and personal growth.

Brett also enjoys spending time with his wife Karen and his four young children, in addition to taking mission trips and serving others through his faith.

Press
Brett has been featured on several podcast interviews, including two BiggerPockets shows—BiggerPockets Real Estate Podcast #231: A Simple Strategy for Doing 25 Deals a Month and the Best Deal Ever Show #10 With Ken Corsini: Substitute Teacher Makes $80K on First Land Deal. He has also been a guest on dozens of other podcasts, including Wholesaling Inc. and FlipNerd.

For the past several years, Brett has also hosted his own show called Simple Wholesaling Podcast with Brett Snodgrass, as well as a local meetup in Indianapolis, the Wholesaling Made Simple Meetup. He is a sought-after speaker who has given key presentations on topics ranging from scaling a real estate investing business to developing a purpose behind the business. He loves to give back all the blessings that God has given him.

Accreditations
Brett is an Indiana real estate broker and a member of two prestigious real estate mastermind groups, Collective Genius and Multipliers.

Follow
Instagram @simple_wholesaling
Brett’s Facebook
Simple Wholesaling Facebook
SimpleWholesaling.com
Brett’s LinkedIn

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There are a lot of wholesalers out there with full-time jobs who want to quit but need extra money to stay afloat while investing in real estate.

Well, today, let’s explore five side hustles that will allow you to generate income while investing in real estate.

Check it out!

5 Side Hustles to Help Sustain Newbie Real Estate Wholesalers

1. Become a real estate agent.

Now sometimes people say negative things about becoming a licensed real estate agent, but I honestly think it’s a great idea because you can make commissions on the side while helping friends and family buy and sell properties. You can also buy and sell houses yourself and earn a commission.

Plus, getting your real estate license is one of the best things you can do for your wholesaling business because it gives you credibility. Motivated sellers will trust you more—and plus, it gives you access to the MLS.

Related: 5 Tried & True Ways to Land Deals as a Wholesaling Newbie

It’s just a great way to make extra income within the real estate industry!

wholesaling-newbie

2. Work for an established real estate investing company.

Now, this is something I actually did. I was paid 100 percent commission for a land development company, and I was tasked with finding large pieces of land. I also worked for a wholesaling company where I would help sell their houses for a flat fee.

I did that for about a year and a half, and it really helped me gain confidence in real estate investing. At one point, I was actually making more money on the side than I was making in my wholesaling business, so I decided to work full-time for the other real estate investing companies for a while.

Guys, there’s absolutely no shame in working for another real estate investing company. Plus, it allows you to get your feet wet before jumping into it head on.

I know a few individuals who aspire to wholesale real estate full-time, and many of them work for my company for 2 to 3 years and learn everything before going out on their own.

3. Try out freelancing work.

There are so many websites out there that hire freelancers for work. The most popular sites are Fiverr and Upwork, and you simply offer whatever your skill you have, whether that’s writing or editing articles, editing podcasts, designing logos or websites, doing work as a virtual assistant, etc.

You simply express interest in the job listed, and if you’re selected, they’ll pay you on a project-by-project basis. This is a really cool way to develop a side income because it’s practically automated on Upwork, and you literally just click, submit applications, and eventually, if you submit enough applications, someone will contact you for a gig.

You can also freelance as a bird dog, where you find deals for other wholesaling companies and charge a fee.

4. Create your own schedule and work independently.

There are tons of independent companies out there where you can create your own schedule.

For example, practically anyone can apply and drive for Uber. There’s also Lyft, DoorDash, TaskRabbit and many other independent companies out there depending on your area.

Technology has made it so easy for anyone to become entrepreneurs and work for themselves these days. You don’t have to go to stressful job interviews at large corporations wondering if you’re going to get picked over the other hundreds of applicants.

Related: 3 Feasible Ways to Start in Real Estate Wholesaling as a Complete Newbie

For about eight months, one of my colleague’s primary source of income was Uber. Now, it depends on your market, but if you’re near a large city, you can actually make a good $200 to $1,000 a week.

It’s pretty awesome!

wholesale contract

5. Get a part-time job.

I listen to Dave Ramsey’s show quite a bit, and he talks a lot about hustling by getting a part-time job.

Now, there’s always the rags to riches story of, “I just quit my 9-to-5 job and pursued real estate investing, and I did 125,000 units a year!” and that’s great, but many people out there simply have to hustle and get a part-time job to take care of their family.

Conclusion

These are just few ways you can make an extra income while you’re getting your real estate investment business off the ground!

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Question: Do you have a side hustle?

Share below in the comments section!

Many wholesalers want to quit their 9-5s but need extra money to stay afloat while investing. These side hustles that will allow you to do just that.