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The greatest key to success in this passive income source however, is to simply get started. There are factors like website age that play into getting ranked on Google and the sooner you begin, the better.
You can begin your website for less than $5 per month with Blue Host and spend only a couple of hours every 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 cash to begin your blog. I was making a grand a month off my sites within a year of launching even if your blog isnt big enough to replace your job, a grand per month remains pretty nice to get a mainly passive income source. .
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I talked about this next passive income notion in a recent movie on the five investments which let me earn money while stocks were crashing. Bear in mind that, back in February when the stock market plunged 10% within two weeks I came out ahead because I had real estate crowdfunding and p2p lending to smooth out my portfolio. .
Want to get started in real estate investing Check out this video where I show the four secrets I learned over 20 years as a property investor. Four measures to choose that can guarantee your success! See the movie here on YouTube.
I started 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 generated 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 house, a minimum of tens of thousands of bucks, and theres no way most investors can create a portfolio of different land types and in different regions to shield from those risks when you have 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 great 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 have a peek at these guys 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 every property that means that you can develop a portfolio of different property types and in different regions for that diversification. You also get professional management of the projects. The job owners send all debt or equity 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 somewhat but there's still that natural demand from homeowners and business users so that supports prices.
I surveyed property crowdfunding sites on returns and found that debt investments average around 9 percent while equity returns average 15 percent annually. I invest in property debt on PeerStreet and in debt. I enjoy investing on more than one stage because it gives me access to as many deals as possible. .
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Subscribers to the channel have likely already seen the movies on our next passive income idea, self-publishing. Ive been self-publishing on Amazon since 2015 and also have 10 novels that averaged $1,857 a month last year.
Before you think you cant write a novel, anyone can important site do this and it is so 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 book for another income source.
Im making an average of $185 a month on every publication and you can produce a new book every few months when youre really concentrated. The best thing about self-publishing is that once you have it printed on Amazon, theres almost nothing left to perform. I spend roughly $20 per month on advertising for every book and thats it. .