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The greatest secret to success in this passive income source though, is to just begin. There are factors like website age that play into getting ranked on Google and the sooner you get started, the better.
You can begin your website for less than $5 a month using Blue Host and spend only a couple of hours a week to assemble it while you wait for it to start producing that income you can count on.
Ill leave a link to a special offer by Blue Host below. Dont wait until you need the extra cash to start your blog. I was making a grand a month away from my websites within a year of launching even if your blog isnt large enough to replace your work, a grand a month remains fairly nice for a mostly passive income resource. .
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I talked about this next passive income notion in a recent movie on the five investments which let me make money while stocks were crashing. Remember that, back in February when the stock exchange plunged 10% within 2 months I came out ahead because I'd property crowdfunding and p2p lending to smooth out my portfolio. .
Want to start in property investing Check out this movie where I show the four keys I learned over 20 years as a real estate investor. Four steps to take that will guarantee your success! Watch the movie below on YouTube.
I started my professional career as a commercial real estate analyst and Ive managed my own rental properties so real estate has always had a special place in my portfolio. No other advantage has generated as much long-term prosperity as land.
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There are a couple problems with direct investment in real estate though. Its expensive to purchase even a single house, a minimum of tens of thousands of bucks, and theres no way most investors can create a portfolio of different property types and in different regions to protect from those dangers when you've got all your money in just one or two investments. .
StREITwise provides a hybrid investment between traditional REIT fund investing and the new crowdfunding. The fund is similar to a real estate investment trust in that it retains a collection of properties but more like crowdfunding in its management. The fund has paid a 10% annualized return since inception and is a fantastic way to increase your real estate exposure. .
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The stREITwise 1st stREIT Office REIT invests in high-quality office properties and as of the date of the video, has paid a 10% annualized dividend. The fund is managed by seasoned real estate professionals who blog here have acquired or managed around $5.4 billion in land and across all property types.
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You can invest as little as $1,000 in each property that means that you can develop a portfolio of different property types and in different areas for this diversification. You also get professional management of the jobs. The job owners send all debt or equity payouts through the platform and it gets passed on to investors. .
Since these are longer-term projects, short-term market hiccups shouldnt impact them. Real estate prices may follow the economy somewhat but there is still that natural demand from homeowners and business customers so that supports prices.
I surveyed real estate crowdfunding sites on returns and found that debt investments average around 9 percent whilst equity returns average 15% annually. I invest in real estate debt on PeerStreet and in debt. I like investing on more than one platform since it provides me access to as many deals as you can. .
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Clients to the channel have probably already seen the videos on our next passive income idea, self-publishing. Ive been self-publishing on Amazon since 2015 and have 10 novels that averaged $1,857 a month last year.
Before you think you cant write a book, anyone can do more info here so and it's so simple. In reality, self-publishing is a natural fit for bloggers since youre already writing the material. All you have to do is reformat it and turn it into a publication for another income source.
Im making an average of $185 per month on each publication and you can generate a new book every couple of months when youre really concentrated. The best thing about self-publishing is that once you have it published on Amazon, theres nothing left to perform. I spend roughly $20 a month on advertising for every book and thats it. .