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The greatest key to success in this passive income source however, is to simply begin. There are factors like site age that play into getting ranked on Google and the sooner you get started, the better.
You can begin your site for less than $5 a month using Blue Host and spend just a few 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 extra cash to begin your own blog. I was making a grand a month off my websites within a year of launching even though your blog isnt large enough to replace your job, a grand per month remains fairly nice for a mostly passive income source. .
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I spoke about this next passive income notion in a recent video on the five investments which let me make money while stocks were crashing. Bear in mind thatback in February when the stock market plunged 10% within two weeks I came out ahead because I had property crowdfunding and p2p lending to smooth out my portfolio. .
Want to start in real estate investing Check out this video where I reveal the four keys I learned over 20 years as a property investor. Four measures to choose that will guarantee your success! Watch the video below 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 created as much long-term wealth 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 bucks, and theres no way most investors can create a portfolio of different property types and in different regions to shield from these risks when you have all of your money in just 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 retains a collection of possessions but 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 who have obtained or dig this managed around $5.4 billion in land and across all real estate types.
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You can invest as little as $1,000 in each property that means you can additional reading build up a portfolio of different property types and in different areas for that diversification. You also get professional management of those projects. The job owners send all debt or equity payouts throughout the platform 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 somewhat but there is still that natural demand from homeowners and business customers so that affirms costs.
I surveyed real estate crowdfunding websites 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 like investing on more than one stage because it provides me access to as many deals as possible. .
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Clients 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 also have 10 novels that averaged $1,857 a month this past year.
Before you think you cant write a novel, anyone can do so and it is really simple. In fact, self-publishing is a natural match for bloggers because youre already writing the material. 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 each publication and you can generate a new book every few months if youre really focused. The best part about self-publishing is that once you get it published on Amazon, theres almost nothing left to perform. I spend roughly $20 a month on advertising for every publication and thats it. .