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The greatest key to success in this passive income source though, 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 site for less than $5 per 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 special offer by Blue Host below. Dont wait until you need the excess cash to begin your blog. I had been making a grand a month off my sites within a year of launching so even if your blog isnt large enough to replace your job, a grand per month is still fairly nice for a mostly passive income resource. .
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I talked about this next passive income idea in a recent movie on the five investments which helped me make money while stocks were crashing. Remember thatback in February when the stock exchange plunged 10% within 2 months I came out ahead because I had property crowdfunding and p2p lending to smooth out my portfolio. .
Want to get started in real estate investing Check out this video where I reveal the four keys I learned more than 20 years as a real estate investor. Four steps to take that can guarantee your success! See the movie here 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 created as much long-term prosperity 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 bucks, and theres no way many investors can create a portfolio of different property types and in different regions to protect from those 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 similar to 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 this date of this video, has paid a 10% annualized dividend. The fund is managed by seasoned real estate professionals that have acquired 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 each property that means you can develop a portfolio of different property types and in different regions for this diversification. You also get professional management of the projects. The project owners send all debt or equity payouts throughout the system and it gets passed on to investors. .
Since these are longer-term projects, short-term market hiccups shouldnt affect them. Real estate prices may follow the economy a little but there is still that natural demand from homeowners and business customers so that affirms costs.
I surveyed real estate crowdfunding sites 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 platform since it provides me access to as many deals as possible. .
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Subscribers to the channel have probably already seen the videos website here 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 a month this past year.
Before you think you cant write a book, anyone can do this and it is really easy. In reality, self-publishing is a natural match for bloggers since youre already writing the material. All you need to do is reformat it and turn it into a book for another visit the site income source.
Im making an average of $185 a month on each publication and you can produce a new book every couple of months when youre really focused. The best part about self-publishing is that once you have it printed on Amazon, theres almost nothing left to perform. I spend about $20 per month on advertising for every book and thats it. .