Anyway to monetize this possible opportunity?

Question

So I live in a expensive coastal city. About an hour and a half away there's a decent size city where RE is much cheaper and good cashflow is present. I bought there 3-4 years ago and it's been very good.

I was thinking of sort of piggy backing on that success and bring in more investors from my coastal city. I am decent with tech - maybe create a website, make a research paper, newsletter, podcasts, etc.

Not sure how to "monetize" it though. I don't want to be a RE agent.

What do you think?

Account Closed · Answer

@Alex Silang My recommendation would be to make it a two part strategy. Part one would be to create an online training course on udemy or your own website so you can teach people at scale what you learned. Part two would be to offer tours of properties you are working on and neighborhoods that make sense. You could partner with real estate agents or property managers who could help give tours to get clients. Then you would just charge to people a ticket to take them on the bus to the area. Just a thought, I have seen it done before in the Philadelphia area.

James Wise · Answer

Only play here is to market & sell the real estate. So you'd need to become a real estate agent.

James Wise · Answer

I don't see nearly enough value in this business plan for it to be a sustainable & profitable business. Why wouldn't an agent just provide the tour & teach the education?

Account Closed · Answer

@James Wise My assumption was this was just a side hustle. I agree it would be difficult for this to be a stand-alone business unless you were able to do it in multiple geographies.

As for your question about an agent. It probably depends on his specific market. In some markets, Realtors are not willing to drive tire kickers around (which some people who would get involved in this program would be) if they are not sure they are going to buy something. This business model allows Alex to capitalize on people who are not ready to buy yet.

Jay Hinrichs · Answer

just become a turn key operator.. getting your financing in order buy the homes then resell them. its a huge industry.

quite capital intensive to make any money at it though..

Anyway to monetize this possible opportunity?

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