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The biggest 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 start your site for less than $5 a month with Blue Host and spend just a few 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 excess cash to start your blog. I had been making a grand a month away from my sites within a year of launching so even though your site isnt big enough to replace your work, a grand a month is still fairly nice for a mostly passive income resource. .
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I talked about this next passive income notion in a recent video on the five investments which let me make money while stocks were crashing. Bear in mind that, back in February when the stock market plunged 10% within 2 months 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 movie where I reveal the four secrets I learned more than 20 years as a real estate investor. Four measures to choose that will guarantee your success! See the movie here on YouTube.
I began 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 advantage has generated as much long-term wealth as property.
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There are a couple of problems with direct investment in real estate however. Its expensive to buy even a single property, a minimum of tens of thousands of dollars, and theres no way many investors can create a portfolio of different property types and in different regions to protect from these dangers when you've got all your money in just 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 retains a collection of properties but more like crowdfunding in its own 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 this date of this video, has paid a 10% annualized dividend. The fund is managed by seasoned real estate professionals that have acquired or managed around $5.4 billion in land and across all real estate types.
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You can invest as discover this info here little as $1,000 in every property which means that you can build up a portfolio of different property types and in different regions for this diversification. You also get professional management of those jobs. The project owners send all equity or debt payouts through the system and it gets 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 is still that natural demand from homeowners and business users so that supports costs.
I surveyed real estate crowdfunding websites on returns and found that debt investments average around 9% whilst equity returns average 15% annually. I invest in property debt on PeerStreet and in debt. I like 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 probably already seen the videos on our next passive income idea, self-publishing. Ive been self-publishing on Amazon since 2015 and have 10 novels that averaged $1,857 per month this past year.
Before you think you cant write a book, anyone can do this and it is so easy. In fact, self-publishing is a natural fit for bloggers since youre already writing this content. All you need to do is reformat it and turn it into a book for another income source.
Im making an average of $185 a month on each book and you can produce a new book every couple of months if youre really focused. The best part about self-publishing is that once you get it printed on Amazon, theres nothing left to do. I spend roughly $20 per month on advertising for each book and thats it. .