Best Side Hustles for Crowdfunding Real Estate
Crowdfunding real estate has become an increasingly popular way for Canadians to diversify their income streams and invest in the property market without the need for large upfront capital.
Below, we explore the best side hustles for crowdfunding real estate in Canada, detailing their income potential and how to get started.
Real Estate Crowdfunding Platforms
Real estate crowdfunding platforms allow individuals to pool their money with other investors to fund real estate projects. These platforms handle property selection, management, and distribution of profits, making it a passive income opportunity.
Income Potential:
Income varies based on the platform and investment, but annual returns typically range from 6% to 12%.
How to Get Started:
- Addy
- Sign up, browse available investments, and start with as little as $1,000
Property Syndication
Property syndication involves joining a group of investors to purchase large-scale properties, such as apartment buildings or commercial spaces. You earn a share of the rental income and appreciation.
Income Potential:
Income depends on the property’s rental yields and appreciation but can range from 8% to 15% annually.
How to Get Started:
- Research syndicators in Canada.
- Consider joining platforms like Equivesto to find syndication deals.
Becoming a Crowdfunding Advocate
Earn money by promoting real estate crowdfunding platforms as an affiliate. Some platforms offer commissions for referring new investors.
Income Potential:
Potential earnings can range from $50 to $500 per referral, depending on the platform’s terms.
How to Get Started:
- Join affiliate programs on platforms like Addy.
- Promote your referral links via blogs, social media, or YouTube.
Co-Investing with Friends or Family
Partner with friends or family to crowdfund real estate projects. Pooling resources allows you to invest in larger deals.
Income Potential:
Income depends on the deal but could range from 6% to 15% annually.
How to Get Started:
- Discuss goals and terms with your co-investors.
- Use platforms like Addy for easy group investments.
Educational Content Creation
Create blogs, YouTube videos, or courses teaching others how to crowdfund real estate in Canada. You can monetize through ads, sponsorships, or selling guides.
Income Potential:
Earnings can range from $500 to $5,000+ per month, depending on your audience size and monetization strategies.
How to Get Started:
- Research and document your experiences.
- Use platforms like YouTube or Medium to publish content.
- Offer an ebook or course on platforms like Gumroad or Udemy.
Real Estate Crowdfunding Consulting
Leverage your expertise to help others navigate real estate crowdfunding. Charge fees for advising on platforms, investment strategies, and portfolio building.
Income Potential:
Consultants can charge $50 to $200 per hour or more, depending on their expertise.
How to Get Started:
- Build your knowledge by investing yourself.
- Create a website or LinkedIn profile showcasing your services.
Final Thoughts
Crowdfunding real estate offers numerous opportunities for Canadians to grow their income streams without owning property outright. Whether you invest directly, advocate for platforms, or educate others, there are many paths to explore. Start small, research thoroughly, and diversify your investments to maximize your returns.
Ready to get started? Explore the listed platforms today and begin your journey into real estate crowdfunding!