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The greatest secret to success in this passive income source though, is to just begin. There are factors 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 with Blue Host and spend only a couple of hours a week to build 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 extra cash to begin your own blog. I had been making a grand a month off my sites within a year of launching so even though your site isnt large enough to replace your job, a grand a month is still fairly nice to get a mostly 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 earn 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 real estate crowdfunding and p2p lending to smooth out my portfolio. .
Want to get started in real estate investing Check out this video where I show the four keys I learned more than 20 years as a property investor. Four steps to choose that will guarantee your success! See the movie here 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 spot in my portfolio. No other advantage has created as much long-term prosperity 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 bucks, and theres no way many investors can create a portfolio of different land types and in different regions to shield from these risks when you this have all your money in only one or two investments. .
StREITwise offers a hybrid investment between traditional REIT fund investing and the new crowdfunding. The fund is like a real estate investment trust in that it holds a collection of possessions 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 property exposure. .
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The stREITwise 1st stREIT Office REIT invests in high-quality office properties and as of this date of this video, has paid a 10% annualized dividend. The fund is managed by seasoned real estate professionals who have obtained or managed around $5.4 billion in land and across all real estate 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. You also get professional management of the projects. The job owners send all equity or debt payouts throughout the platform and it has passed on to investors. .
Since these are longer-term jobs, short-term economy hiccups shouldnt impact them. Real estate costs may occur after the economy somewhat but there is still that natural demand from homeowners and commercial users so that supports costs.
I researched real estate crowdfunding sites on returns and found that debt investments average around 9% whilst equity returns average 15 percent annually. I invest in real estate debt on PeerStreet and in debt. I like investing on more than one platform 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 movies 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 a month last year.
Before you think you cant write a book, anyone can do this and it is really simple. In fact, self-publishing is a natural match for bloggers since youre already writing the content. 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 each publication and you can produce a new book every couple of months when youre really concentrated. The very best part about self-publishing is that once you get it printed on Amazon, theres almost nothing left to perform. I spend roughly $20 per month on advertising for every book and thats it. .