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The biggest key to success in this passive income source though, is to just begin. There are variables 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 with Blue Host and spend only a few hours a 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 money 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 remains pretty nice for a mainly passive income resource. .
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I talked 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 2 weeks I came out ahead because I had property crowdfunding and p2p lending to smooth out my portfolio. .
Want to start in property investing Check out this movie where I reveal the four keys I learned more than 20 years as a property investor. Four measures to take 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 real estate has always had a special spot 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 however. Its expensive to purchase even a single property, a minimum of tens of thousands of bucks, and theres no way many investors can build a portfolio of different land types and in different regions to shield from those risks when you have all 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 similar to a real estate investment trust in that it holds a collection of possessions but more like crowdfunding in its own 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 this date of the video, has paid a 10% annualized dividend. The fund is managed by seasoned real estate professionals that have obtained or managed around $5.4 billion in property and across all real estate types.
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You can invest as little as $1,000 in every property that means that you can build up a portfolio of different property types and in different regions for that diversification. In addition, you get professional management of those jobs. The project owners send all debt or equity payouts throughout the platform and it has passed on to investors. .
Since these are longer-term jobs, short-term economy hiccups shouldnt affect them. Real estate costs may follow the economy a little but there's still that natural demand from homeowners and business users so that supports prices.
I researched real estate crowdfunding websites 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 platform because it gives me access to as many deals as possible. .
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Subscribers 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 books that averaged $1,857 a month last year.
Before you think you cant write a Source book, anyone can do this and it's really easy. In reality, self-publishing is a natural fit for bloggers since youre already writing this material. All you have to do is reformat it and turn it into a book for another income source.
Im making an average of $185 a month on each publication and you can check out this site produce a new book every few months when youre really focused. The best part 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. .