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The biggest key to success in this passive income source though, is to just get started. There are variables like site 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 just 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 particular offer by Blue Host below. Dont wait until you need the extra money to begin your own blog. I was making a grand a month away from my websites within a year of launching even if your blog isnt big enough to replace your work, a grand a month is still pretty nice for a mainly passive income source. .
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I talked about this next passive income idea in a recent movie on the five investments that let me make money while stocks were crashing. Bear in mind that, back in February when the stock exchange plunged 10% within two weeks I came out ahead because I'd property crowdfunding and p2p lending to smooth out my portfolio. .
Want to start in real estate investing Check out this video where I reveal the four secrets I learned more than 20 years as a real estate investor. Four steps to take that will guarantee your success! See the movie below on YouTube.
I began my professional career as a commercial real estate analyst and Ive managed my own rental properties so real estate has always had a special spot in my portfolio. No other asset has generated as much long-term prosperity as property.
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There are a couple problems with direct investment in real estate however. Its expensive to buy even a single house, a minimum of tens of thousands of dollars, and theres no way many investors can create a portfolio of different land types and in different regions to shield from these dangers when you have all of 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 like a real estate investment trust in that it retains a collection of possessions but much more like crowdfunding in its management. The fund has paid a 10% annualized return since inception and is a fantastic way to diversify your property 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 that have acquired or managed over $5.4 billion in property and across all property types.
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You can invest as little as $1,000 in every property which means you can develop a portfolio of different property types and in different regions for that diversification. In addition, you get professional management of those projects. The project owners send all debt or equity payouts through the system and it has passed on to investors. .
Since these are longer-term jobs, short-term market hiccups shouldnt affect them. Real estate costs may occur after the economy a little but there is still that natural demand from homeowners and commercial customers so that supports prices.
I surveyed real estate crowdfunding sites on returns and found that debt investments average around 9% while equity returns average 15 percent annually. I invest in real estate debt on PeerStreet and in debt. I enjoy investing on more than one platform since it provides me access to as many deals as possible. .
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Subscribers to the channel have probably already seen the movies 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 this and read what he said it is really simple. In fact, self-publishing is a natural fit for bloggers since youre already writing this 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 produce a new book every few months if youre really concentrated. The very best part about self-publishing is that once you have it printed on Amazon, theres almost nothing left to do. I spend roughly $20 a month on advertising for every publication and thats it. .