What type of real estate makes the most money? (2024)

FAQs

What type of real estate makes the most money? ›

Higher returns: Commercial real estate is known to yield higher returns than residential real estate. If you can afford to manage a commercial space, it can prove lucrative over time, depending on your area.

Can you make $1 million in your first year selling real estate? It can be done. In fact, it has been done.

Real estate agents in the right markets, where luxury property goes for handsome prices and sales are consistent can earn millions in commissions. Though luxury real estate is the more gainful venture, several other types of agents are not far behind: Luxury Property Managers: $121,000. Real Estate Broker: $92,000.

The highest paying real estate job in real estate as of February 3, 2024, is a mortgage loan officer. A mortgage loan officer in the United States earns an average salary of $182,422 and a highest potential salary of $405,102.

Yes, they can. As a real estate agent, you have the potential to unlock a level of wealth that most people only fantasize about. In fact, I know several agents who have amassed such wealth and relish in the luxuries life has to offer. But here's the thing: it's not just about hustling harder or putting in longer hours.

As of Sep 2, 2024, the average annual pay for a First Year Real Estate Agent in California is $79,753 a year. Just in case you need a simple salary calculator, that works out to be approximately $38.34 an hour. This is the equivalent of $1,533/week or $6,646/month.

Ninety percent of all millionaires become so through owning real estate.

Sure, we've seen real estate boom-and-bust cycles in recent decades, but over time, owning real estate has made thousands of people rich in every part of the United States. All in all, it took me 51 years to be a real estate millionaire. But it only took me 11 years from the day I bought my first home!

A 36% DTI is a more reasonable and realistic level. If you keep all the other factors the same, your gross annual income would need to be around $210,000 to buy a $1 million home. Or, if you want to stay within the recommended 26% ratio, you'd have to earn about $290,000 or more.

What is the most profitable real estate to own? ›

Commercial properties are considered one of the best types of real estate investments because of their potential for higher cash flow. If you decide to invest in a commercial property, you could enjoy these attractive benefits: Higher-income potential.

1. Ben Caballero - HomesUSA.com, Inc. In the realm of real estate, Ben Caballero's name is synonymous with unparalleled success, particularly in the new homes market.

New York, Los Angeles, and London remained the top places with the highest sales in real estate in 2022. While ultra-prime properties, worth $25 million or more, saw higher sales in New York and London. In 2024, the luxury real estate market is expected to improve.

Commercial Real Estate

If you want to know what real estate makes the most money, commercial real estate is often considered a lucrative option. Commercial properties, such as office buildings, retail spaces, and industrial facilities, can offer high returns for investors.

Certified Residential Specialist / CRS

The CRS designation is the highest credential awarded to residential sales agents, managers, and brokers. On average, CRS designees earn nearly three times more in income, transactions, and gross sales than non-designee REALTORS®.

At the very top end for both, agents can bring in $3-5M a year. Those guys are very sharp and work incredibly hard to hone their skills and pamper their clients with amazing service and deal-making. They would probably make a lot of money in any profession.