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The greatest key to success in this passive income source however, is to just get started. 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 website for less than $5 per month using Blue Host and spend only a couple of hours a week to build it while you wait for it to start 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 extra cash to start your blog. I had been making a grand a month off my websites within a year of launching even though your site isnt large enough to replace your job, a grand a month is still fairly nice to get 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. Remember that, back in February when the stock exchange plunged 10% within two 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 show the four secrets I learned over 20 years as a real estate investor. Four steps to choose that will guarantee your success! Watch the movie 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 place in my portfolio. No other advantage has generated as much long-term prosperity as property.
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There are a couple problems with direct investment in real estate though. Its expensive to purchase even a single house, a minimum of tens of thousands of bucks, and theres no way most investors can build a portfolio of different property types and in different regions to protect from these risks when you've got all of 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 holds a collection of possessions but more like crowdfunding in its management. The fund has paid a 10% annualized return since inception and is a fantastic way to diversify 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 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 which means that you can develop a portfolio of different property types and in different regions for this diversification. In addition, you get professional management of the projects. The job owners send all equity or debt payouts through the system and it gets passed on to investors. .
Since these are longer-term projects, short-term economy hiccups shouldnt impact them. Real estate prices may occur after the economy somewhat but there's still that natural demand from you could try this out homeowners and commercial users so that affirms prices.
I researched real estate crowdfunding sites on returns and found that debt investments average around 9% 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 likely 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 per month last year.
Before you think you cant write a book, anyone can do this and it is so simple. In reality, self-publishing is a natural match for bloggers since youre already writing this material. 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 each book and you can generate a new book every couple of months when youre really focused. The best thing about self-publishing is that once you have it printed on Amazon, theres almost nothing left to do. I spend about $20 per month on advertising for each book and thats it. .