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The biggest secret to success in this passive income source though, is to just get started. There are factors like site age that play into getting ranked on Google and the sooner you get started, 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 build it while you wait for it to start 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 blog. I was making a grand a month off my websites within a year of launching so even if your blog isnt big enough to replace your work, a grand per month remains pretty 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. Remember 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 real estate investing Check out this video where I show the four secrets I learned over 20 years as a property investor. Four steps to take that will guarantee your success! Watch 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 land.
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There are a couple of problems with direct investment in real estate however. Its expensive to buy even a single house, a minimum of tens of thousands of dollars, and theres no way many investors can build a portfolio of different land types and in different regions to protect from these dangers when you have all of your money in just one or two investments. .
StREITwise provides a hybrid investment between traditional REIT fund investing and the new crowdfunding. The fund is like a real estate investment trust in that it retains 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 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 this video, has paid a 10% annualized dividend. The fund is managed by seasoned real estate professionals who have obtained or managed over $5.4 billion in property and across all real estate types.
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You can invest as little as $1,000 in each property that means that you can build up a portfolio of different property types and in different areas for that diversification. You also get professional management of the jobs. The job owners send all equity or debt payouts through the platform and it has passed on the original source to investors. .
Since these are longer-term projects, short-term market hiccups see here now shouldnt affect them. Real estate costs may follow the economy a little but there is still that natural demand from homeowners and business customers so that affirms costs.
I surveyed real estate crowdfunding websites on returns and found that debt 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 possible. .
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Clients to the channel have probably already seen the movies on our next passive income idea, self-publishing. Ive been self-publishing on Amazon since 2015 and also have basics 10 novels that averaged $1,857 a month this past year.
Before you think you cant write a novel, anyone can do this and it's so simple. 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 book for another income source.
Im making an average of $185 per month on every book and you can generate a new book every few months if youre really concentrated. The best part about self-publishing is that once you get it printed on Amazon, theres almost nothing left to perform. I spend about $20 per month on advertising for every book and thats it. .