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The greatest key to success in this passive income source though, is to just begin. There are variables like site age that play into getting ranked on Google and the sooner you get started, the better.
You can start your site 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 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 cash to start your blog. I had been making a grand a month off 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 fairly nice to get a mostly passive income resource. .
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I spoke about this next passive income idea in a recent movie on the five investments that helped me earn money while stocks were crashing. Remember that, back in February when the stock exchange plunged 10% within two months I came out ahead because I'd real estate crowdfunding and p2p lending to smooth out my portfolio. .
Want to start in property investing Check out this video where I show the four secrets I learned over 20 years as a property investor. Four steps to choose that can guarantee your success! Watch the video below on YouTube.
I began my professional career as a commercial real estate analyst and Ive managed my own rental properties so real estate has always had a special spot 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 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 Home Page those risks when you've got all of your money in only 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 check 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 increase your real estate exposure. .
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The stREITwise 1st stREIT Office REIT invests in high-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 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 each property that 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 projects. The project owners send all debt or equity payouts throughout the system and it has passed on to investors. .
Since these are longer-term projects, short-term market hiccups shouldnt impact them. Real estate costs may follow the economy somewhat but there's still that natural demand from homeowners and commercial customers so that affirms prices.
I surveyed property crowdfunding sites on returns and found that debt investments average around 9% whilst 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 you can. .
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Subscribers to the channel have probably already seen the movies on our next passive income notion, 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 is so simple. In fact, self-publishing is a natural match for bloggers because youre already writing the material. All you have to do is reformat it and turn it into a book for another income source.
Im making an average of $185 a month on every publication and you can generate a new book every couple of months if youre really concentrated. The very best part about self-publishing is that once you have it printed on Amazon, theres nothing left to do. I spend about $20 per month on advertising for every book and thats it. .