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The greatest key to success in this passive income source however, is to just 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 per month using Blue Host and spend only 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 special offer by Blue Host below. Dont wait until you need the excess cash to begin your own blog. I had been making a grand a month off my sites within a year of launching so even if your site isnt big enough to replace your work, a grand per month is still pretty nice for a mostly passive income source. .
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I talked about this next passive income idea in a recent movie on the five investments that helped me earn money while stocks were crashing. Remember thatback in February when the stock exchange plunged 10% within 2 weeks I came out ahead because I'd property crowdfunding and p2p lending to smooth out my portfolio. .
Want to start in real estate investing Check out this video where I show the four secrets I learned more than 20 years as a property investor. Four steps to choose that can 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 real estate has always had a special place in my portfolio. No other advantage 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 house, a minimum of tens of thousands of bucks, and theres no way many investors can build a portfolio of different property types and in different regions to protect from these dangers when you have all of see your money in only one or two investments. .
StREITwise provides a hybrid investment between traditional REIT click over here fund investing and the new crowdfunding. The fund is like a real estate investment trust in that it holds a collection of possessions but much more like crowdfunding in its own 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 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 over $5.4 billion in property and across all real estate 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 areas for that diversification. You also get professional management of those jobs. The project owners send all equity or debt payouts throughout the system and it gets passed on to investors. .
Since these are longer-term projects, short-term economy hiccups shouldnt impact them. Real estate costs may occur after the economy somewhat but there's my latest blog post still that natural demand from homeowners and business customers so that supports prices.
I researched real estate crowdfunding sites on returns and found that debt investments average around 9% while equity returns average 15% annually. I invest in property 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 probably already seen the videos on our next passive income idea, self-publishing. Ive been self-publishing on Amazon since 2015 and also have 10 novels that averaged $1,857 per month last year.
Before you think you cant write a book, anyone can do this and it is really simple. In reality, 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 per month on every publication 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 have it published on Amazon, theres nothing left to perform. I spend about $20 a month on advertising for every publication and thats it. .