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The greatest key to success in this passive income source however, is to simply get started. There are factors like site age that play into getting ranked on Google and the sooner you begin, the better.
You can begin your website for less than $5 a month using Blue Host and spend just a few hours every 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 money to start your blog. I was making a grand a month away from my sites within a year of launching even though your site isnt big enough to replace your job, a grand a month remains fairly nice for a mainly passive income source. .
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I talked about this next passive income idea in a recent video on the five investments which let me earn money while stocks were crashing. Remember thatback in February when the stock exchange plunged 10% within two weeks I came out ahead because I had real estate 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 over 20 years as a real estate investor. Four steps to take that will guarantee your success! Watch the video here 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 asset has created as much long-term wealth as property.
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There are a couple of 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 many investors can create a portfolio of different land types and in different regions to protect from these dangers when you have all of 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 properties but much more like crowdfunding in its own management. The fund has paid a 10% try here 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 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 over $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 which means 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 job owners send all equity or debt payouts through the platform and it gets passed on to investors. .
Since these are longer-term projects, short-term economy hiccups shouldnt affect them. Real estate prices may follow the economy a little but there's still that natural demand from homeowners and commercial customers so that supports prices.
I researched property 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 enjoy investing on more than one stage because it provides me access to as many deals as you can. .
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Subscribers to the channel have probably already seen the movies 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 this past year.
Before you think you cant write a book, anyone can do this and it's really easy. In fact, self-publishing is a natural match for bloggers since youre already writing the material. All you need 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 book and you can generate a new book every few months if youre really concentrated. The very best part about self-publishing is that once you get it printed on Amazon, theres almost nothing left to do. I spend roughly $20 a month on advertising for every publication and thats it. .