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The biggest key to success in this passive income source however, is to simply begin. There are variables like website age that play into getting ranked on Google and the sooner you get started, the better.
You can begin your site for less than $5 a month with Blue Host and spend only 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 excess cash to start your own blog. I had been making a grand a month away from my sites within a year of launching even though your blog isnt large enough to replace your work, a grand per month is still fairly nice for a mainly passive income source. .
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I spoke about this next passive income idea in a recent movie on the five investments that let me make money while stocks were crashing. Remember that, back in February when the stock market plunged 10% within 2 months 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 video where I show the four keys I learned more than 20 years as a real estate investor. Four measures to choose 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 spot in my portfolio. No other asset 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 though. Its expensive to buy even a single property, a minimum of tens of thousands of dollars, and theres no way most investors can build a portfolio of different property types and in different regions to protect from those dangers when you have all of 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 holds a collection of properties but more like crowdfunding in its management. The fund has paid a 10% annualized return since inception and is a great 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 this 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 land 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 areas for this diversification. You also get professional management of those jobs. The project owners send all equity or debt payouts throughout the platform and it has passed on to investors. .
Since these are look at more info longer-term jobs, short-term economy hiccups shouldnt impact them. Real estate costs may follow the economy somewhat but there is still that natural demand from homeowners and business users so that affirms prices.
I researched property crowdfunding websites on returns and found that debt investments average around 9 percent whilst equity returns average 15 percent annually. I invest in property debt on PeerStreet and in debt. I like investing on more than one stage since it provides me access to as many deals as you can. .
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Clients to the channel have likely already seen the videos on our next passive income idea, self-publishing. Ive been self-publishing on Amazon since 2015 and also 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's really easy. In reality, self-publishing is a natural match for bloggers because youre already writing the content. 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 book and you can generate a new book every couple of months if youre really focused. The best thing about self-publishing is that once you have it printed on Amazon, theres nothing left to perform. I spend about $20 a month on advertising for each book and thats it. .