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The greatest secret to success in this passive income source though, is to simply get started. There are variables like website 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 with Blue Host and spend only a few hours a week to build it while you wait for it to begin 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 start your own blog. I had been making a grand a month off my websites within a year of launching even though your site isnt big enough to replace your job, a grand per month remains fairly nice for a mainly passive income source. .
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I spoke about this next passive income notion in a recent movie on the five investments which helped me make money while stocks were crashing. Remember thatback in February when the stock exchange 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 property investing Check out this movie where I show the four secrets I learned over 20 years as a property investor. Four steps to choose that will guarantee your success! See the movie here on YouTube.
I started 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 property.
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There are a couple problems with direct investment in real estate however. Its expensive to purchase even a single house, a minimum of tens of thousands of bucks, and theres no way many investors can build a portfolio of different land types and in different regions to shield from these risks when you've got 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 much more like crowdfunding in its management. The fund has paid a 10% annualized return since inception and is a fantastic 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 the date of the video, has paid a 10% annualized dividend. The fund is managed by seasoned real estate professionals who have acquired or managed over $5.4 billion in property and across all property types.
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You can invest as little as $1,000 Related Site in every property that means that you can build up a portfolio of different property types and in different areas for this diversification. You also get professional management of those jobs. The job owners send all debt or equity payouts throughout the platform and it gets passed on to investors. .
Since these are longer-term jobs, short-term economy hiccups shouldnt affect them. Real estate costs may follow the economy a little but there is still that natural demand from homeowners and business users so that affirms prices.
I surveyed property crowdfunding sites on returns and found that debt investments average around 9 percent whilst equity returns average 15% annually. I invest in real estate debt on PeerStreet and in debt. I enjoy investing on more than one platform since 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 have 10 books that averaged $1,857 a month last year.
Before you think you cant write a book, anyone can do this and it is so easy. In fact, self-publishing is a natural fit for bloggers because youre already writing the 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 every publication and you can produce a new book every couple of months when youre really focused. The best thing about self-publishing is that once you get it published on Amazon, theres nothing left to perform. I spend roughly $20 a month on advertising for each publication and thats it. .