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The biggest 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 begin, the better.
You can start your site for less than $5 per month with Blue Host and spend only a couple of hours every week to assemble 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 own blog. I was making a grand a month away from my sites within a year of launching even if your blog isnt large enough to replace your work, a grand a month remains pretty 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. Bear in mind that, back in February when the stock market plunged 10% within 2 months I came out ahead because I'd real estate crowdfunding and p2p lending to smooth out my portfolio. .
Want to get started in property investing Check out this movie where I show the four secrets I learned more than 20 years as a real estate investor. Four steps to choose that will guarantee your success! Watch the movie here on YouTube.
I began my professional career as a commercial real estate analyst and Ive managed my own rental properties so property has always had a special spot in my portfolio. No other asset has generated as much long-term prosperity as land.
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There are a couple 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 many investors can create a portfolio of different land types and in different regions to protect from those risks when you have all of your money in only one or two investments. .
StREITwise offers 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 properties 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 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 property and across all real estate types.
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You can invest as little as $1,000 in every property that means you can build up a portfolio of different property types and in different regions for that diversification. You also get professional management of the jobs. The job owners send all equity or debt payouts through 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 a little but there is still that natural demand from homeowners and business customers so that affirms costs.
I researched property crowdfunding websites on returns and found that debt investments average around 9 percent while equity returns average 15% annually. I Click This Link invest in real estate debt on PeerStreet and in debt. I like investing on more than one stage because it provides me access to as many deals as you can. .
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Subscribers 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 books that averaged $1,857 a month this past year.
Before you think you click here for info 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 content. All you need to do is reformat it and turn it into a book for another income source.
Im making an average of $185 per month on every book and you can generate a new book every couple of months if youre really focused. The best part about self-publishing is that once you have it published on Amazon, theres nothing left to perform. I spend roughly $20 per month on advertising for each book and thats it. .