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The biggest secret to success in this passive income source though, is to just 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 website for less than $5 per month using Blue Host and spend just 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 particular offer by Blue Host below. Dont wait until you need the extra cash to begin your blog. I was making a grand a month off my sites within a year of launching so even if your blog isnt big enough to replace your job, a grand per month is still pretty nice to get a mostly passive income source. .
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I talked about this next passive income idea in a recent movie on the five investments which let me earn money while stocks were crashing. Remember that, back in February when the stock exchange plunged 10% within 2 weeks I came out ahead because I had real estate crowdfunding and p2p lending to smooth out my portfolio. .
Want to start in property investing Check out this video where I reveal the four secrets I learned over 20 years as a real estate investor. Four measures to take 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 created as much long-term prosperity as property.
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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 shield from those risks when you have all of your money in only 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 more like crowdfunding in its own management. The fund has paid a 10% annualized return since inception and is a great 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 that means that you can build up a portfolio of different property types and in different areas for that diversification. In addition, you get professional management of those jobs. The job owners send all equity or debt payouts through the system and it gets passed on to investors. .
Since these are longer-term jobs, short-term market hiccups shouldnt impact them. Real estate prices may follow the economy somewhat but there's still that natural demand from homeowners and business customers so that supports prices.
I researched real estate crowdfunding websites on returns and found that debt investments average around 9 percent while equity returns average 15% annually. I invest in property debt on PeerStreet and in debt. I like investing on more than one stage since it gives me access to as many deals as you can. .
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Subscribers to the channel have probably already seen the movies 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 Resources cant write a novel, anyone can do this and it's really simple. In fact, self-publishing is a natural fit for bloggers since youre already writing this 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 every book and you can produce a new book every couple of months when youre really concentrated. The best part about self-publishing is that once you get it published on Amazon, theres almost nothing left to perform. I spend about $20 a month on advertising for every book and thats it. .