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The biggest secret to success in this passive income source however, 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 only a couple of hours a week to assemble 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 excess money to start your own blog. I was 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 remains pretty nice to get a mostly passive income resource. .
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I talked about this next passive income idea in a recent video on the five investments that let me earn money while stocks were crashing. Remember thatback in February when the stock exchange plunged 10% within 2 weeks I came out ahead because I had property crowdfunding and p2p lending to smooth out my portfolio. .
Want to get started in property investing Check out this movie where I reveal the four keys I learned more than 20 years as a real estate 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 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 however. Its expensive to buy even a single property, a minimum of tens of thousands of dollars, and theres no way many investors can build a portfolio of different land types and in different regions to protect from these risks when you have all of your money in only view it now one or two investments. .
StREITwise offers 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 properties but much more like crowdfunding in its management. The fund has paid a 10% annualized return since inception and is a fantastic way to diversify your property exposure. .
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The stREITwise 1st stREIT Office REIT invests in high quality office properties and as of the date of this video, has paid a 10% annualized dividend. The fund is managed by seasoned real estate professionals who have obtained or managed over $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 you can build up a portfolio of different property types and in different areas for that diversification. You also get professional management of the jobs. The project owners send all debt or equity payouts through the system and it gets passed on to investors. .
Since these are longer-term jobs, short-term market hiccups shouldnt affect them. Real estate prices may follow the economy somewhat but there's still that natural demand from homeowners and commercial customers so that supports prices.
I researched real estate crowdfunding websites on returns and found that debt investments average around 9 percent whilst equity returns average 15 percent annually. I invest in real estate debt on PeerStreet and in debt. I enjoy investing on more than one why not try these out stage because it provides 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 notion, 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 do so and it's so simple. In reality, self-publishing is a natural fit 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 a month on each book and you can produce a new book every few months when youre really focused. The best thing about self-publishing is that once you get it printed on Amazon, theres nothing left to perform. I spend roughly $20 a month on advertising our website for each publication and thats it. .