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The biggest secret to success in this passive income source however, is to simply begin. There are variables 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 with Blue Host and spend only a couple of hours every week to assemble it while you wait for it to begin 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 excess cash to begin your blog. I had been making a grand a month away from my websites within a year of launching so even if your site isnt big enough to replace your work, a grand a month remains fairly nice for a mainly passive income source. .
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I talked about this next passive income idea in a recent video on the five investments that let me earn money while stocks were crashing. Bear in mind thatback in February when the stock exchange plunged 10% within 2 months I came out ahead because I'd property crowdfunding and p2p lending to smooth out my portfolio. .
Want to get started in property investing Check out this video where I show the four secrets I learned over 20 years as a property investor. Four steps to choose that can guarantee your success! See the movie below 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 wealth as land.
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There are a couple of problems with direct investment in real estate though. Its expensive to purchase even a single property, a minimum of tens of thousands of dollars, and theres no way many investors can create a portfolio of different property types and in different regions to shield from these dangers when you have all your money in just one or two investments. .
StREITwise offers a hybrid investment between traditional REIT fund view website 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 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 over $5.4 billion in land and linked here across all real estate types.
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You can invest as little as $1,000 in each property which means that you can develop 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 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 occur after the economy a little but there is still that natural demand from homeowners and business customers so that supports costs.
I researched property crowdfunding sites 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 you can. .
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Subscribers to the channel have likely already seen the videos on our next passive income notion, self-publishing. Ive been self-publishing on Amazon since 2015 and have 10 novels that averaged $1,857 per month last year.
Before you think you cant write a novel, anyone can do this and it is so easy. In fact, self-publishing is a natural match for bloggers because youre already writing this material. All you have 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 generate a new book every few months if youre really concentrated. The best part about self-publishing is that once you get it printed on Amazon, theres nothing left to do. I spend about $20 a month on advertising for each publication and thats it. .