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The greatest key to success in this passive income source though, is to just begin. There are factors like website age that play into getting ranked on Google and the sooner you get started, the better.
You can start your site for less than $5 per month with Blue Host and spend just a few hours every 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 money to begin your blog. I was making a grand a month away from my websites within a year of launching even if your site isnt large enough to replace your work, a grand a month is still fairly 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 let me earn money while stocks were crashing. Bear in mind thatback in February when the stock exchange plunged 10% within 2 months 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 show the four secrets I learned more than 20 years as a real estate investor. Four steps to choose 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 prosperity as land.
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There are a couple problems with direct investment in real estate though. 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 property types and in different regions to protect from these dangers when you've got all of your money in just 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 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 my link exposure. .
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The stREITwise 1st stREIT Office REIT invests in high quality office properties and as of this date of this 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 land and across all property types.
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You can invest as little as $1,000 in every 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 those projects. The project owners send all debt or equity payouts throughout the system and it has passed on to investors. .
Since these are longer-term jobs, short-term economy hiccups shouldnt affect them. Real estate prices may follow the economy a little but there is still that natural demand from homeowners and commercial users so that affirms costs.
I surveyed real estate crowdfunding sites on returns and found that debt investments average around 9% whilst equity returns average 15% annually. I invest in real estate my company debt on PeerStreet and in debt. I like investing on more than one platform because it provides me access to as many deals as you can. .
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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 also have 10 books that averaged $1,857 per month this past year.
Before you think you cant write a book, anyone can do so and it's so simple. In reality, self-publishing is a natural match for bloggers because youre already writing this content. All you have 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 produce a new book every couple of months if youre really concentrated. The very best part about self-publishing is that once you get it printed on Amazon, theres almost nothing left to perform. I spend roughly $20 per month on advertising for every book and thats it. .