Anything you can buy cheap, fix up yourself, and sell for a profit, can be flipped.
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You can look for opportunities through individual business or search for listings through organizations such as the Mystery Shopping Providers Association. Depending on the job, you might be paid and/or you might receive free goods or services from the business. All you have to do is frequent a business, act like a normal customer, and then share some details about your experience with the company.
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Mystery shopping is a great option for you if you love to shop and eat out at restaurants.Sites like provide lots of opportunities. If you like surfing the web, you might enjoy getting paid to test new websites and share your opinions.There are plenty of companies that offer paid surveys, including SurveySavvy and SurveySpot. Online surveys are quick and easy ways to make a few bucks.You'll get paid for listening to a presentation and sharing your thoughts. Some of these might require you to appear in person, but others can be done online. Participate in mock juries or focus groups.Before signing up for any job, make sure you understand exactly how you will be paid. If you don't like the idea of a regular job, but you are willing to spend a few hours a day working online or visiting different locations around town, you might be able to make a fair amount of money. This can enable you to charge a significantly higher rate per night than if you rent the room by the month. Services such as Airbnb can help connect you with travelers and others looking for short-term rentals.It's a good idea to screen your tenants by performing background and credit checks, as well as asking them to provide a reference from a previous landlord and a copy of a recent pay stub. Only rent rooms to responsible, trustworthy tenants who will pay you on time and respect your property.If you have a separate basement apartment with a kitchen and a bathroom, you will be able to charge much more than you would if you only have a spare bedroom. The more private the room, the more you will be able to charge for rent.Doing this allows you to collect a sizable check every month without any work beyond preparing the room for occupancy. If you do so, be sure to abide by the laws that govern landlords in your local area with regards to rent levels, amenities, and the like. If you have a room (or rooms) that are going unused in your house, consider furnishing them and renting them out to tenants. This article has been viewed 1,697,828 times. There are 16 references cited in this article, which can be found at the bottom of the page.
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Ara has a BS in Accounting and Finance from San Francisco State University, is a Commissioned Bank Examiner through the Federal Reserve Board of Governors, holds the Chartered Financial Analyst designation, is a Certified Financial Plannerâ„¢ practitioner, has a Certified Public Accountant license, is an Enrolled Agent, and holds the Series 65 license. Department of the Treasury, and the Ministry of Finance and Economy in the Republic of Armenia. He has previously worked with the Federal Reserve Bank of San Francisco, the U.S. With over 26 years of experience in the financial industry, Ara founded ACap Asset Management in 2009. Ara Oghoorian is a Certified Financial Accountant (CFA), Certified Financial Planner (CFP), a Certified Public Accountant (CPA), and the Founder of ACap Advisors & Accountants, a boutique wealth management and full-service accounting firm based in Los Angeles, California.
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This article was co-authored by Ara Oghoorian, CPA.