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Side Hustle School

#796 - Real Estate Agent Supplements Commissions By Renovating Homes

Side Hustle School

Chris Guillebeau / Onward Project

Business, Entrepreneurship, Careers

4.83.3K Ratings

🗓️ 7 March 2019

⏱️ 8 minutes

🧾️ Download transcript

Summary

A real estate agent in Spain grows tired of seeing buyers reject promising homes in need of renovation. When he learns to manage the renovation himself, he ends up with more sales and an additional $2,200/month. Side Hustle School features a new story EVERY DAY of someone who started a hustle without quitting their job. You’ll learn how they got the idea, how they overcame challenges along the way, and what the results are. Share: #SideHustleSchool Show notes: SideHustleSchool.com Twitter: @chrisguillebeau To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Transcript

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0:00.0

Welcome to Side Hustle School, what's up my friends, so glad you're here.

0:13.3

In today's story, a real estate agent in Valencia, Spain supplements his income by renovating

0:18.2

apartments.

0:19.2

It starts when he grows tired of seeing potential buyers reject promising homes because they

0:23.5

were in need of renovation.

0:24.6

When he learns to project manage that renovation himself, he ends up with more sales and an

0:29.4

additional $2,200 a month.

0:31.9

This is a lesson in spotting a problem and proposing a solution.

0:35.0

It's an example of how when something is working, you can often make it work more, in this

0:39.3

case adding a new side income to his main paycheck.

0:42.1

And, it's a case study of how creative thinking, followed by industrious application, can

0:46.7

take you far.

0:47.7

What's my hope that Side Hustle School is going to take you far in your own quest for

0:50.9

more freedom through additional income by creating an asset for yourself.

0:55.1

So this story in lots of detail is coming up right after this message.

0:58.5

Stay tuned.

1:01.4

Graham Hunt works full time in real estate.

1:12.3

As a successful agent in Valencia, Spain, he knows a thing or two about selling property.

1:16.6

You probably heard the real estate agent's mantra, location, location, location.

1:21.7

It suggests that the main reason to buy a property is for where it is, not what it is.

1:26.0

And for the most part, this is true, but not always.

1:29.8

Seaside homes and tourist hotspots will command a higher price, but there comes a point of diminishing

...

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