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The biggest key to success in this passive income source however, is to simply begin. There are factors like website age that play into getting ranked on Google and the sooner you get started, the better.
You can start your website for less than $5 a month with Blue Host and spend only 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 excess cash 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 is still pretty nice to get a mostly passive income resource. .
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I talked about this next passive income notion in a recent movie on the five investments that helped me earn money while stocks were crashing. Remember thatback in February when the stock market plunged 10% within two weeks 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 keys I learned over 20 years as a real estate investor. Four steps to take that will 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 asset has generated as much long-term wealth as property.
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There are a couple problems with direct investment in real estate however. Its expensive to purchase even a single house, a minimum of tens of thousands of dollars, and theres no way most investors can create a portfolio of different property types and in different regions to shield from these dangers when you've got all 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 like a real estate investment trust in that it retains a collection of possessions but much more like crowdfunding in its 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 the date of the video, has paid a 10% annualized dividend. The fund is managed by seasoned real estate professionals that have obtained or managed around use this link $5.4 billion in land and across all property types.
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You can invest as little as $1,000 in each property that means you can build up a portfolio of different property types and in different regions for that diversification. You also get professional management of those jobs. The project owners send all equity or debt payouts through 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 occur after the economy a little but there is still that natural demand from homeowners and business users 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 like investing on more than one stage since it gives me access to as many deals as possible. .
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Subscribers to the channel have probably already seen the videos on our next passive income idea, self-publishing. Ive been self-publishing on Amazon since 2015 and have 10 books that averaged $1,857 a month last year.
Before you think you cant write a book, anyone can do this and it is so easy. In fact, self-publishing is a natural match for bloggers since youre already writing this 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 produce a new book every couple of months if youre really focused. The very best thing about self-publishing is that once you get it printed on Amazon, theres almost nothing left to perform. I spend about $20 a month on advertising for each book and thats it. .