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The biggest key to success in this passive income source however, is to just begin. There are factors like site age that play into getting ranked on Google and the sooner you begin, the better.
You can start your site for less than $5 per month with Blue Host and spend only a couple of hours every 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 excess money to begin your blog. I had been making a grand a month off my websites within a year of launching so even though your site isnt large enough to replace your job, a grand per month remains fairly nice for a mostly passive income source. .
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I talked about this next passive income notion in a recent video on the five investments which let me earn money while stocks were crashing. Bear in mind that, back in February when the stock market plunged 10% within two weeks I came out ahead because I had property crowdfunding and p2p lending to smooth out my portfolio. .
Want to get started in property investing Check out this movie where I reveal the four keys I learned over 20 years as a property investor. Four measures to choose that can 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 advantage has generated 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 property, a minimum of tens of thousands of bucks, and theres no way most investors can create a portfolio of different land 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 investing and the new crowdfunding. The fund is similar to a real estate investment trust in that it retains a collection of properties but much more like crowdfunding in its own management. The fund has paid a 10% annualized return since inception and is a fantastic 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 obtained or managed over $5.4 billion in land and across all real estate 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 that diversification. You also get professional management of the jobs. hop over to here The job owners send all debt or equity payouts through the system 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 somewhat but there's still that natural demand from homeowners and business customers so that supports costs.
I researched real estate crowdfunding sites on returns and found that debt investments average around 9% whilst equity returns average 15 percent annually. I invest in property debt on PeerStreet and in debt. I enjoy investing on more than one stage since it provides 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 also have 10 books that averaged $1,857 per month this past year.
Before you think you cant write a novel, anyone can do so and it is so easy. In reality, self-publishing is a natural match for bloggers because youre already writing the content. All you need to do is reformat it and turn it into a book for another income source.
Im making an average of check this $185 per month on every book and you can generate a new book every few months when youre really concentrated. The very best part about self-publishing is that once you have it printed on Amazon, theres nothing left to perform. I spend roughly $20 per month on advertising for every book and thats it. .