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The greatest key to success in this passive income source however, 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 website for less than $5 a month with Blue Host and spend just a couple of hours a week to build it while you wait for it to start 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 extra money to start your blog. I had been making a grand a month away from my websites within a year of launching so even if your site isnt big enough to replace your job, a grand a month remains pretty nice to get a mainly passive income resource. .
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I talked about this next passive income idea in a recent video on the five investments which helped me make money while stocks were crashing. Remember thatback in February when the stock market plunged 10% within 2 months 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 property investor. Four steps to take that will guarantee your success! Watch 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 place in my portfolio. No other asset 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 dollars, 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 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 retains a collection of properties 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 diversify your real estate exposure. .
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The stREITwise 1st stREIT Office REIT invests in high-quality office properties and as of the date of this video, has paid a 10% annualized dividend. The fund is managed by seasoned real estate professionals that have obtained or managed around $5.4 billion in property and across all property types.
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You can invest as little as $1,000 in each property which means that you can develop a portfolio of different property types and in different areas for that diversification. In addition, you get professional management of those jobs. The project owners send all debt or equity payouts throughout the platform and it gets passed on to investors. .
Since these are longer-term projects, short-term market hiccups shouldnt affect them. Real estate prices may follow the economy a little but there's still that natural demand from homeowners and business users so that affirms prices.
I surveyed real estate crowdfunding websites on returns and found that debt investments average around 9% while equity returns average 15 percent annually. I invest in property debt on PeerStreet and in debt. I like investing on more than one stage because it gives me access to as many deals as possible. .
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Clients to the channel have probably already seen the videos on this article our next passive income notion, 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 novel, anyone can do so and it's really easy. In fact, self-publishing is a natural fit 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 navigate to this website can generate a new book every few months if youre really focused. The very best part 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. .