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The biggest secret to success in this passive income source though, is to simply begin. There are variables like website age that play into getting ranked on Google and the sooner you begin, the better.
You can begin your website for less than $5 a month with Blue Host and spend just a few hours a 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 was making a grand a month off my websites within a year of launching even though your blog isnt big enough to replace your job, a grand per month is still pretty nice for a mostly passive income source. .
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I spoke about this next passive income notion in a recent movie on the five investments which let me make money while stocks were crashing. Remember thatback in February when the stock market plunged 10% within two months 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 keys I learned more than 20 years as a property investor. Four steps to take that can guarantee your success! Watch the video 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 spot in my portfolio. No other advantage has created as much long-term wealth as land.
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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 dollars, and theres no way most investors can build a portfolio of different land types and in different regions to shield from those dangers when you've got all your money in just 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 much more like crowdfunding in its management. The fund has paid a 10% annualized return since inception and is a great way to diversify your property exposure. .
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The stREITwise 1st stREIT Office REIT invests in high-quality office properties and as of this date of the video, has paid a 10% annualized dividend. The fund is managed by seasoned real estate professionals who have acquired or managed around $5.4 billion in land and across all real estate types.
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You can invest as little as $1,000 in every property that means that you can develop a portfolio of different property types and in different areas for this diversification. In addition, you get professional management of the jobs. The job owners send all equity or debt payouts through the system and it has passed on to investors. .
Since these are longer-term projects, short-term market hiccups shouldnt affect them. Real estate prices may follow the economy somewhat but there is still that natural additional hints demand from homeowners and commercial customers so that affirms costs.
I researched property crowdfunding sites on returns and found that debt investments average around 9% while equity returns average 15% annually. I invest in property debt on PeerStreet and in debt. I enjoy investing on more than one stage because it gives me access to as many deals as you can. .
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Clients to the channel have probably 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 simple. In fact, self-publishing is a natural fit for bloggers because youre already writing this content. All you need to check my site do is reformat it and turn it into a publication for another income source.
Im making an average of $185 a month on every book and you can produce a new book every couple of months when youre really concentrated. The very 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. .