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Showing ideas from: The Side Hustle Show (Nick Loper of Side Hustle Nation | YAP Media)
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Turnkey Real Estate Investment Service
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The Side Hustle Show
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691: 10 Year Path - 1 House A Year: Your Simple 10-Year Path to Financial Flexibility
Dustin discussed the concept of turnkey properties, where companies renovate homes and sell them to investors. Entrepreneurs can start a business that specializes in sourcing and managing turnkey investment properties. This service could involve partnering with contractors to renovate homes and working with real estate agents to find suitable properties. Additionally, providing ongoing property management services would add value for investors who prefer a hands-off approach. By focusing on specific markets with high rental demand, this business could cater to both novice and seasoned investors looking for ready-to-rent properties without the hassle of traditional property management.
Real Estate Investment Coaching Platform
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The Side Hustle Show
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691: 10 Year Path - 1 House A Year: Your Simple 10-Year Path to Financial Flexibility
Dustin Heiner’s journey in real estate has led him to develop a coaching program that guides individuals in investing in rental properties. Entrepreneurs can leverage this idea by creating an online coaching platform that offers structured learning paths, resources, and community support for aspiring real estate investors. This platform could include video lessons, one-on-one coaching, and access to a community of learners. By focusing on niches like first-time buyers or young investors, the platform can cater to specific needs and challenges, helping users to build their portfolios gradually over a ten-year plan. Tools such as webinars, downloadable resources, and a forum for peer interaction can enhance the learning experience.
Automated Property Management Software
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The Side Hustle Show
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691: 10 Year Path - 1 House A Year: Your Simple 10-Year Path to Financial Flexibility
Dustin introduced a software platform called Income Builder which focuses on real estate deal analysis. Entrepreneurs can create a similar tool that automates property management tasks, including tenant screening, rent collection, and maintenance requests. The software can offer real-time analytics, financial projections, and management templates to streamline the rental process for property owners. A subscription model could provide a consistent revenue stream, appealing to landlords looking for efficient ways to manage their properties. By integrating features like reminders for maintenance and lease renewals, this software can help landlords save time and improve tenant satisfaction.
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