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The biggest key to success in this passive income source though, 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 website for less than $5 a month using Blue Host and spend just a couple of hours every week to build 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 start your blog. I was making a grand a month away from my websites within a year of launching even though your site isnt big enough to replace your work, a grand a month is still fairly nice for a mainly passive income source. .
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I talked about this next passive income notion in a recent video on the five investments which helped me make money while stocks were crashing. Bear in mind that, back in February when the stock market plunged 10% within two months I came out ahead because I had real estate crowdfunding and p2p lending to smooth out my portfolio. .
Want to start in property investing Check out this movie where I show the four secrets I learned more than 20 years as a real estate investor. Four steps to choose that will guarantee your success! See the movie below on YouTube.
I started my professional career as a commercial real estate analyst and Ive managed my own rental properties so property has always had a special place in my portfolio. No other asset has created as much long-term prosperity as land.
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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 build a portfolio of different land types and in different regions to protect from these risks 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 properties but much 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 this video, has paid a 10% annualized dividend. The fund is managed by seasoned real estate professionals who have acquired or managed around $5.4 billion in property 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 that diversification. In addition, you get professional management of the jobs. The project owners send all equity or debt payouts throughout the system and it has passed on to investors. .
Since these are longer-term projects, short-term economy hiccups shouldnt affect them. Real estate prices may occur after the economy somewhat but there's still that natural demand from homeowners and business customers so that supports prices.
I researched real estate crowdfunding websites on returns and found that debt investments average around 9 percent 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 stage because it provides me access to as many deals as you can. .
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Clients to the channel have likely already seen the videos on our next passive income notion, self-publishing. Ive been self-publishing on Amazon since 2015 and have 10 books that averaged $1,857 per month last year.
Before you think you cant write a book, anyone can do so and it's really simple. In fact, 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 publication for another income source.
Im making an average of $185 a month on every publication and you can produce a new book every couple of months when youre really focused. The very best part about self-publishing is that once you get it published on Amazon, theres almost nothing left to do. I spend roughly $20 per month on advertising for each book and thats it. .