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The greatest key to success in this passive income source however, is to just get started. There are factors like site age that play into getting ranked on Google and the sooner you begin, the better.
You can begin your site for less than $5 per month using Blue Host and spend only a couple of 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 own blog. I was making a grand a month away from my sites within a year of launching so even though your blog isnt big enough to replace your job, a grand a month is still pretty nice for a mainly passive income source. .
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I spoke about this next passive income idea in a recent video on the five investments which helped me earn money while stocks were crashing. Remember that, back in February when the stock exchange plunged 10% within two weeks I came out ahead because I'd 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 real estate investor. Four measures to choose that can guarantee your success! Watch the video 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 advantage has created 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 house, a minimum of tens of thousands of bucks, and theres no way many investors can create a portfolio of different property types and in different regions to shield from these risks when you have all 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 similar to a real estate investment trust in that it retains a collection of possessions but 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 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 around $5.4 billion in property and across all property types.
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You can invest as little as $1,000 in each property which means you can develop a portfolio of different property types and in different regions for this diversification. In addition, you get professional management of the jobs. The job owners send all equity or debt payouts throughout the platform and it has passed on to investors. .
Since these are longer-term jobs, short-term economy hiccups shouldnt impact them. Real estate costs may occur after the economy somewhat but there's still that natural demand from homeowners and business customers so that supports costs.
I researched real estate crowdfunding websites on returns and found that debt click here for info 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 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 have 10 novels that averaged $1,857 a month last year.
Before you think you cant write a novel, anyone can do so and it's so simple. In reality, self-publishing is a natural fit for bloggers because youre already writing this content. All you have 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 produce a new book every few months when youre really concentrated. The best part about self-publishing is that once you have it published on Amazon, theres almost nothing left to perform. I spend roughly $20 a month on advertising for each book and thats it. .