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The biggest secret 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 get started, the better.
You can begin your website for less than $5 per month using 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 special offer by Blue Host below. Dont wait until you need the excess cash to begin your own blog. I had been making a grand a month off my sites within a year of launching so even if your site isnt big enough to replace your job, a grand a month is still pretty nice to get a mostly passive income resource. .
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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. Bear in mind that, back in February when the stock market plunged 10% within two weeks I came out ahead because I had real estate crowdfunding and p2p lending to smooth out my portfolio. .
Want to start in real estate investing Check out this video where I show the four keys I learned more than 20 years as a real estate investor. Four steps to choose that will guarantee your success! See the video 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 generated as much long-term wealth as property.
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There are a couple of problems with direct investment in real estate though. Its expensive to buy even a single house, a minimum of tens of thousands of bucks, and theres no way most investors can build a portfolio of different property types and in different regions to shield from those dangers when you have all 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 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 fantastic 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 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 property types.
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You can invest as little as $1,000 in each property which means you can build up a portfolio of different property types and in different regions for this diversification. In addition, you get professional management of the projects. The job owners send all equity or debt payouts through the platform and it has passed on to investors. .
Since these are longer-term jobs, short-term economy hiccups shouldnt impact them. Real estate prices may follow the economy somewhat but there's still that natural demand from homeowners and commercial customers so that supports prices.
I researched 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 since it provides me access to as many deals as you can. . straight from the source
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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 novels that averaged $1,857 per month this past year.
Before you think you cant write a book, anyone can do this and it is really simple. In fact, 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 publication for another income source.
Im making an average of $185 per month on each publication and you can produce a new book every few months when youre really focused. The best thing about self-publishing is that once you have it published on Amazon, theres nothing left to perform. I spend about $20 a month on advertising for each publication and thats it. .