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The greatest secret to success in this passive income source though, is to simply get started. There are variables 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 only a few hours every week to assemble 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 own blog. I had been making a grand a month away from my websites within a year of launching so even if your site isnt large enough to replace your job, a grand per month remains pretty nice to get a mainly passive income source. .
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I spoke about this next passive income idea in a recent video on the five investments which let me earn money while stocks were crashing. Bear in mind that, back in February when the stock exchange plunged 10% within 2 weeks 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 keys I learned more than 20 years as a property investor. Four measures 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 property has always had a special spot in my portfolio. No other asset has generated 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 house, a minimum of tens of thousands of bucks, and theres no way most investors can build a portfolio of different land types and in different regions to protect from those risks when you have all of your money in only 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 holds a collection of possessions but more like crowdfunding in its own management. The fund has paid a 10% annualized return since inception and is a great way to diversify your property exposure. .
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The stREITwise 1st stREIT Office REIT invests in high check out here quality office properties and as of this date of the 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 property types.
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You can invest as little as $1,000 in every property that 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 the jobs. The job 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 market hiccups shouldnt impact them. Real estate prices may occur after the economy somewhat but there is still that natural demand from homeowners and commercial customers so that affirms prices.
I surveyed real estate crowdfunding sites on returns and found that debt investments average around 9 percent while equity returns average 15% annually. I invest in property debt on PeerStreet and in debt. I like 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 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 so and it is really easy. In reality, self-publishing is a natural fit for bloggers because youre already writing this material. All you web link need to do is reformat it and turn it into a book for another income source.
Im making an average of $185 per month on each publication and you can produce a new book every few months if youre really concentrated. The best thing about self-publishing is that once you have it published on Amazon, theres almost nothing left to do. I spend roughly $20 per month on advertising for every book and thats it. .