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The biggest key 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 a month with Blue Host and spend only a few hours every 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 excess cash to start your own blog. I was making a grand a month off my websites within a year of launching so even if your site isnt big enough to replace your job, a grand a month remains pretty nice to get a mainly passive income source. .
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I spoke about this next passive income notion in a recent movie on the five investments that let me make money while stocks were crashing. Bear in mind that, back 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 start in property investing Check out this video where I show the four keys I learned over 20 years as a real estate investor. Four measures to choose that can guarantee your success! Watch the video below 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 created as much long-term wealth as land.
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There are a couple problems with direct investment in real estate however. Its expensive to buy even a single property, a minimum of tens of thousands of dollars, and theres no way most investors can build a portfolio of different property types and in different regions to shield from these dangers 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 like 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 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 who have acquired 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 this diversification. In addition, you get professional management of those projects. The job owners send all debt or equity payouts through the platform and it has 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 a little but there's still that natural demand from homeowners and commercial users so that supports prices.
I surveyed property crowdfunding websites 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 enjoy investing on more than one platform because it gives me access to as many deals as you can. .
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Clients to the channel have likely already seen the movies on our next passive income notion, self-publishing. Ive been self-publishing on Amazon since 2015 and also have 10 books that averaged $1,857 a month last year.
Before you think you cant write a book, anyone can do this and it's really simple. In reality, self-publishing is a natural match for bloggers since 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 of $185 a month on each book and you can produce a new book every couple of months if 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 roughly $20 per month on advertising for every book and thats it. .