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The greatest secret to success in this passive income source however, is to just begin. There are variables like website age that play into getting ranked on Google and the sooner you begin, the better.
You can begin your site for less than $5 per month with Blue Host and spend just a couple of hours every 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 extra 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 blog isnt big enough to replace your work, a grand per month is still pretty nice to get a mostly 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 make money while stocks were crashing. Remember that, back in February when the stock market plunged 10% within two weeks I came out ahead because I'd property crowdfunding and p2p lending to smooth out my portfolio. .
Want to get started in property investing Check out this movie where I show the four secrets I learned more than 20 years as a real estate investor. Four measures to take that will guarantee your success! Watch the video 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 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 buy even a single property, a minimum of tens of thousands of bucks, and theres no way most investors can build a portfolio of different property types and in different regions to protect from those risks when you have all of your money in just one or two investments. .
StREITwise provides a hybrid investment between traditional REIT fund investing and the new crowdfunding. The fund is similar to a real estate investment trust in that it holds a collection of possessions but more like crowdfunding in its management. The fund has paid a 10% annualized return since inception and is a great way to diversify your real estate exposure. .
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The stREITwise 1st stREIT Office REIT invests see this page 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 acquired or managed over $5.4 billion in property and across all property types.
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You can invest as 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 that diversification. In addition, you get professional management of the projects. The job owners send all equity or debt payouts throughout the platform and it has 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 is still that natural demand from homeowners and business users so that affirms costs.
I surveyed property crowdfunding websites on returns and found that debt investments average around 9% whilst equity returns average 15 percent annually. I invest in real Learn More Here estate debt on PeerStreet and in debt. I like investing on more than one stage since it gives me access to as many deals as you can. .
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Subscribers to the channel have likely 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 last year.
Before you think you cant write a book, anyone can do so and it is really easy. In fact, self-publishing is a natural match for bloggers because youre already writing this 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 every book and you can produce a new book every few months when youre really concentrated. 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 book and thats it. .