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The greatest key to success in this passive income source though, is to simply 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 only a few hours a week to build it while you wait for it to begin 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 extra cash to start your own blog. I was making a grand a month off my sites within a year of launching so even though your site isnt big enough to replace your work, a grand a month is still fairly nice to get a mostly passive income resource. .
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I spoke about this next passive income notion in a recent video on the five investments which helped me make money while stocks were crashing. Bear in mind thatback in February when the stock exchange plunged 10% within 2 weeks I came out ahead because I'd real estate 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 more than 20 years as a property investor. Four steps to take that can guarantee your success! See the video below on YouTube.
I started my professional career as a commercial real estate analyst and Ive managed my own rental properties so real estate has always had a special place in my portfolio. No other advantage has created as much long-term wealth as land.
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There are a couple 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 many investors can create a portfolio of different land types and in different regions to protect from these risks when you have all of your money in only 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 holds 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 the video, has paid a 10% annualized dividend. The fund is managed by seasoned real estate professionals that have acquired 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 have a peek at this website different areas for this diversification. In addition, you get professional management of those projects. The project owners send all equity or debt payouts throughout the system and it gets passed on to investors. .
Since these are longer-term projects, short-term economy hiccups shouldnt affect them. Real estate costs may follow the economy a little but there is still that natural demand from homeowners and business users so that supports costs.
I surveyed property crowdfunding sites on returns and found that debt investments average around 9 percent while equity returns average 15 percent annually. I invest in real estate debt on PeerStreet and in debt. I like investing on more than one stage because it gives me access to as many deals as you can. .
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Subscribers 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 have 10 novels that averaged $1,857 per month last year.
Before you think you cant write a book, anyone can do so and it is really simple. In reality, self-publishing is a natural match for bloggers because youre already writing this content. All you need to do is reformat it and turn it into a publication for another income source.
Im making an average this contact form of $185 a month on each book and you can generate a new book every few months when youre really concentrated. The best thing about self-publishing is that once you have it published on Amazon, theres almost nothing left to perform. I spend about $20 a month on advertising for each publication and thats it. .