The No-Sweat Side Hustle That Could Make You Rich

The traditional 9-to-5 job just isn’t working for you? Do you want to be your own boss but are afraid of the risks? Well, there’s one option that could solve all of your problems. That would be entrepreneurship, but with entrepreneurship comes risk, and that’s the part that doesn’t appeal to you. What if there was another way to make money while avoiding the risks that entrepreneurs must face? What if this way had the potential to scale your income to the moon?

A real story about making money with side hustles

Getting rich isn’t easy. Ask anyone who’s been there. Sure, it can be done, but it takes some serious dedication and a lot of luck. (And not everyone is lucky enough to get rich from an initial public offering). Yet if you want to make money with side hustles, try syndicating apartment buildings with Hideo: our real estate investment marketplace. The concept is simple: find apartment buildings that are selling for below market value and buy them up with other investors via a syndication company.

What exactly is a side hustle?

A side hustle is a side job that creates extra income. It’s not your main source of income, but it can be something that gives you an additional (and perhaps more consistent) stream of cash. This money can go toward paying off debt, creating your dream lifestyle, or saving for retirement. And in some cases—like with syndicating apartment buildings—the money could help you make big investments that scale up your passive income streams. [1]

Why you need to start working on your side hustle now

Whether you have an existing job, a startup business or you’re just looking for more ways to make money from home, there’s a new trend taking shape that can provide an excellent way to make extra cash. Real estate syndication is still in its infancy but it could very well become one of your best sources of passive income in 2022 and beyond. Here’s why: More than 40% of American households are renters and there are 90 million renters who don’t earn enough money to buy a house. For example, student debt has doubled over the past decade while wages have remained stagnant which makes it extremely difficult for many young people to buy homes.

How can I get started on my side hustle?

Becoming a real estate developer is not for everyone—and no matter how much you want to get started, it’s also probably not wise to quit your day job before being reasonably sure you can make money in real estate. Fortunately, there are ways to dip your toe into commercial real estate without having to take such a big risk. One option: investing in apartment syndications, which allow investors to buy ownership stakes in pools of rental properties rather than entire buildings. For example, if you invest $10,000 in an apartment syndication that owns 10 units worth $100,000 each (an average deal), then you own 1% of those apartments and will receive 1% of their monthly rent payments. If all goes well and rents rise over time (as they tend to do), then your share could be worth much more than $10K when it comes time to sell. The key with these deals is that they require very little capital upfront—sometimes as little as $1K or less—so they're relatively easy and low-risk ways to get started on passive income ideas 2022 .

Examples of how other people make money with their side hustles

Three examples of people I’ve interviewed over time who have successfully used their side hustles to scale their income and make passive income are: Casey Gauss: She quit her job in a large, successful marketing agency to focus on her side hustle, WIMMOne. She now makes passive income with one big client, and she was featured on Forbes for it; Sue B Zimmerman: She had a successful real estate career but pivoted after her mortgage lender pulled out of her market.

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