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The greatest secret to success in this passive income source however, is to just begin. There are variables like site age that play into getting ranked on Google and the sooner you begin, the better.
You can start your site for less than $5 per month using Blue Host and spend just a couple of hours every week to assemble it while you wait for it to begin 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 excess money to start your own blog. I had been making a grand a month off my websites within a year of launching even if your site isnt big enough to replace your job, a grand a month is still pretty nice to get a mostly passive income resource. .
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I spoke about this next passive income notion in a recent video 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 months I came out ahead because I had property crowdfunding and p2p lending to smooth out my portfolio. .
Want to start in real estate investing Check out this movie where I show the four keys I learned over 20 years as a property investor. Four steps to take that will guarantee your success! Watch the movie here 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 created as much long-term wealth as land.
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There are a couple of problems with direct investment in real estate though. Its expensive to purchase even a single property, a minimum of tens of thousands of dollars, and theres no way most investors can build a portfolio of different property types and in different regions to shield from these dangers when you've got 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 properties but more like crowdfunding in its management. The fund has paid a 10% annualized return since inception and is a great way to diversify 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 that have obtained 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 every property which means that you can develop a portfolio of different property types and in different regions for that diversification. You also get professional management of those jobs. The project owners send all debt or equity payouts throughout the top article 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 follow the economy somewhat but there is still that natural demand from homeowners and business customers so that affirms prices.
I surveyed property crowdfunding sites on returns and found that debt investments average around 9% while equity returns average 15% 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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Clients to the channel have likely already seen the videos on our next passive income idea, self-publishing. Ive been self-publishing on Amazon since 2015 and also have 10 books that averaged $1,857 per month this past year.
Before you think you cant write a novel, anyone can do this and it's really simple. In reality, self-publishing is a natural match for bloggers since youre already writing the material. All you have to do is reformat it and turn it into a book for another income source.
Im making an average of $185 a month on every book and you can generate a new book every couple of months if youre really concentrated. The best part about self-publishing is that once you get it printed on Amazon, theres nothing left to perform. I spend roughly $20 per month on advertising for every book and thats it. .