Real estate is a booming industry. According to some estimates, its market size was USD 3.69 trillion in 2021 and is projected to reach USD 3.81 trillion in 2022. Many entrepreneurs have tapped into its potential, started small, and now own successful business ventures.
The list of successful real estate entrepreneurs is endless: Stephen Ross, Donald Bren, Sam Zell, Dottie Herman, and Wang Jianlin, to name a few. So, to give you a head start, we will share the most profitable real estate business ideas in 2022.
In some cases, you can start with a little investment and grow your business to a point where you can make millions in profits.
What Is A Real Estate Business?
Before we share the best real estate business ideas, it’s important to understand what a real estate business is. A real estate business is any business that deals with buying, selling, renting, operating, or investing in real estate properties. It includes everything from residential homes to commercial office buildings and warehouses.
A Quick Overview of The Real Estate Market in 2022
According to RSMUS.COM the real estate industry outlook remains extremely positive. The housing market, in particular, remains on a solid foundation amidst a shortage of homes and increasing rates of new households. Financing for real estate in 2022 remains relatively cheaper, and the cashflows from different forms of real estate properties are strong.
The fallout of the pandemic has accelerated the interest in multigenerational housing and suburban expansion. Overall, the real estate market in the United States is projected to grow by approximately 4% in 2022.
Top Real Estate Business Ideas In 2022
Now that you know what a real estate business is and have an overview of the market, let’s discuss some of the best ideas for starting your own real estate business.
Start A Home Repair Business (Earning Potential: $110K/year)
Are you handy with a hammer? Do you know your way around a paintbrush? If so, starting a home repair business is a great way to tap into the real estate market. Homeowners are always in need of minor repairs and upgrades, and you can be the one to provide those services.
However, You will need to invest in some basic tools and equipment to get started. You’ll also need liability insurance to protect yourself in case of accidents. After that, you can use social media for marketing your business to homeowners in your area.
Become A Freelance App Developer (Potential Earning: $1.09M/year)
If you have a background in software development, then you can use your skills to develop apps for real estate investors and agents. There is a growing demand for real estate apps that help people find properties, track market trends, and calculate mortgage payments.
To get started, you’ll need to create a portfolio of your work. You can then use online job boards or contact real estate firms directly to find work. Once you have a client base, you can start charging higher rates.
Start A Real Estate Investment Club (Potential Earning: $7.2M/year)
Real estate investments are a great way to make a bank, but it’s not always easy to get started. You can overcome this hurdle by creating a real estate investment club. Investment clubs are groups of people who pool their money to buy property.
To get started, you’ll need to find a group of like-minded investors. You can use online forums or meetups to find potential members. Once you have a group of interested investors, you can start looking for properties to buy.
Start A Moving Company (Earning Potential: $60K/month)
Another great business idea for those with a background in physical labor is starting a moving company. After all, the Moving Services industry is worth $19.4bn in 2022. People often need help moving their belongings when buying or selling a home. This is where you come in.
You’ll need a truck or van and some basic moving equipment to get started. The Chevy Express Van, Mercedes Sprinter, and Ford Transit Cargo Van are good options for moving professionals. Set up your website to market your services to the customers.
Start A Real Estate Blog
The cheapest real estate business idea is starting a real estate blog. You can blog about anything and everything related to real estate. This includes market trends, tips for first-time buyers or sellers, tricks to increase visibility, or interesting properties on the market.
To get started, you’ll need to create a website, get a domain name/proper hosting, and start writing content. Once you have a few articles, you can use social media and search engine optimization (SEO) to attract readers to your site.
You can also monetize your blog by selling advertising space, affiliate marketing, or creating and selling digital products.
Become A Property Manager (Earning Potential: $72K/year)
If you like the operational side of real estate, then becoming a property manager could be a great option. Property managers manage the day-to-day operations of rental properties. This includes marketing the property, collecting rent, dealing with maintenance issues, and more.
To get started, you’ll need to create a real estate business plan and find investors. Once you have the financial backing, you can start looking for properties to manage. You can use online databases or contact real estate agents to find potential properties.
Become A Real Estate Investor
If you want a more hands-off approach to real estate and have some cash in hand, then becoming an investor can be the most suitable option. Real estate investors provide the capital for projects but don’t get involved in day-to-day operations.
Once you’ve found a property you’re interested in, you’ll need to do your due diligence to ensure it’s a good investment. This includes checking the property’s condition, researching the local market, and more.
If you’re satisfied that the property is a good investment, you can start funding the project. This is possible with various methods, such as private loans, crowdfunding, and more.
Start a Real Estate Appraisal Service
Are you looking for unique real estate business ideas? Start a real estate appraisal service. Appraisers provide an estimate of a property’s value. Buyers, sellers, and investors often use this to ensure they’re paying a fair price for a property.
To get started, you’ll need to become certified as an appraiser. Once you have certification, you can begin marketing your services to potential clients. Use online directories, social media, and word-of-mouth to attract customers.
Become A Real Estate Bird Dog
Becoming a bird dog is one of the innovative real estate business ideas to make money in real estate with little upfront investment. Bird dogs are people who find suitable properties for investors. The investor then provides a fee to the bird dog for their services.
To get started, you’ll need to create a list of potential investors you can work with. Once you have a list of potential investors, you can begin your search for properties that meet their criteria. When you’ve found a suitable property, you can contact the investors and let them know about the opportunity.
Become A Real Estate agent ($4.2M/year)
Becoming a real estate agent is one of the most popular ways to start a career in the industry. They help buyers and sellers with the buying and selling process. It’s different from becoming a real estate broker, as agents typically work for brokerages.
To become an agent, you’ll need to obtain a license. However, the requisites for licensure vary by state, but they generally involve completing a certain amount of education and passing an exam. After getting your license, you can start working with clients.
Become A Real Estate Broker
If you want a real estate career offering more autonomy, then becoming a broker might be the right option. Real estate brokers are independent contractors that work with buyers and sellers to facilitate transactions.
To become a broker, you’ll need to complete the necessary education and obtain a license. Once you have your license, you can start marketing your services to potential clients. You can use online real estate directories, social media, and word-of-mouth to attract customers.
Start A Landscaping Business ($13.2M/year)
While landscaping isn’t strictly a real estate business, it’s often associated with the industry. Many homeowners and businesses use landscaping services to improve their curb appeal.
A landscaping business is a great way to venture into the real estate industry without dealing directly with properties. You’ll need to create a business plan and obtain the necessary equipment to get started. You can then market your business online and offline.
Start A Real Estate Marketing Agency
If you’re creative and have experience in marketing, then starting a real estate marketing agency might be the right business idea for you. These agencies help real estate professionals develop marketing materials, manage social media, and conduct market research.
To get started, you’ll need to pick a niche of real estate marketing and then create a portfolio of your work. You can begin approaching big real estate developers and offering your services.
Become A Real Estate Photographer
Are you good with the camera? If so, then you could start a real estate photography business. These businesses provide professional photos for listings. Agents then use the pictures for marketing the properties online and offline.
To get started, you’ll need to invest in a suitable camera and lighting equipment (if necessary). You can build your portfolio and approach real estate agents and developers to offer your services.
Become An Airbnb Host Or Start An Airbnb Management Company ($420K/year)
Are you wondering how to start a real estate business with no money? The answer is easy: become an Airbnb host. After some experience, you can even start an Airbnb management company. As an Airbnb host, you’ve to rent out a free room in your house. As a business, you can help property owners rent out their properties on Airbnb.
To start with this idea, you’ll need to create a profile on Airbnb and then list your property. You can then start marketing your listing to potential guests. As an Airbnb management company, you’ll need to find property owners interested in using your services.
Start A Real Estate Inspections Business
A real estate inspections business provides professional inspection services for properties. These businesses are often used by buyers to assess a property’s condition before deciding whether to invest or not.
To get started with this business idea, you’ll need to create a business plan and obtain the necessary equipment. You can then begin marketing your services to potential clients. You can also use online directories, Facebook property groups, and word-of-mouth to attract customers.
These are just a few of the most profitable real estate business ideas that you can start. If you want a business idea in the real estate industry, then consider one of these options. You can start and grow a successful real estate business startup with the right planning and execution.
Real Estate Business Ideas FAQs
What Type Of Business Is Best For Real Estate?
Well, any real estate business that interests you and that you have the required skills for is a good business idea. However, some businesses are more profitable than others.
What Are The Most Lucrative Real Estate Businesses Today?
Well, there’s no one-size-fits-all answer, as the most lucrative real estate business depends on factors like your location, experience, and current market conditions.
What Business Can I Start In An Estate?
There are many businesses that you can start in an estate. Some ideas include creating a real estate marketing agency, becoming a real estate photographer, or starting an Airbnb management company.
What Are Some Easy Businesses To Start In The Real Estate Industry?
Some easy businesses to start in the real estate industry include becoming a real estate agent, starting a real estate blog/podcast, or becoming a real estate photographer.
Is Real Estate Good Business?
Of course, every business involves risk. However, starting a real estate business can be a great decision if you are passionate about real estate and have the required skills and knowledge.