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The greatest secret to success in this passive income source though, is to just get started. There are factors like website 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 with Blue Host and spend only a few hours every week to assemble it while you wait for it to start 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 start your blog. I had been making a grand a month off my websites within a year of launching even if your blog isnt large enough to replace your work, a grand a month is still pretty nice for a mostly passive income resource. .
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I spoke about this next passive income notion in a recent movie 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 2 months I came out ahead because I'd property crowdfunding and p2p lending to smooth out my portfolio. .
Want to start in property investing Check out this video where I reveal the four secrets I learned over 20 years as a property investor. Four steps to choose that will 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 property has always had a special place in my portfolio. No other advantage has created as much long-term prosperity as property.
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There are a couple problems with direct investment in real estate though. Its expensive to purchase even a single property, a minimum of tens of thousands of bucks, and theres no way most investors can create a portfolio of different property types and in different regions to protect from those dangers when you have 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 properties but more like crowdfunding in its own management. The fund has paid a 10% annualized return since have a peek here inception and is a fantastic way to increase 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 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 this content areas for that diversification. In addition, you get professional management of those projects. The project owners send all debt or equity payouts through the system and it gets passed on to investors. .
Since these are longer-term projects, short-term economy hiccups shouldnt impact them. Real estate prices may occur after the economy somewhat but there is still that natural demand from homeowners and commercial users so that affirms prices.
I surveyed real estate crowdfunding sites on returns and found that debt investments average around 9 percent whilst equity returns average 15 percent annually. I invest in property debt on PeerStreet and in debt. I like investing on more than one platform since it provides me access to as many deals as possible. .
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Subscribers 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 also have 10 books that averaged $1,857 per month last year.
Before you think you cant write a book, anyone can do this and it's really easy. In reality, self-publishing is a natural fit for bloggers since youre already writing the material. All you need to do is reformat it and turn it into a publication for another income source.
Im making an average of $185 a month on each book and you can generate a new book every couple of months when youre really focused. The best thing about self-publishing is that once you get it printed on Amazon, theres almost nothing left to do. I spend roughly $20 per month on advertising for each book and thats it. .