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The greatest key to success in this passive income source however, is to simply begin. There are variables like site age that play into getting ranked on Google and the sooner you get started, the better.
You can begin your site for less than $5 a month using Blue Host and spend only a couple of 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 extra money to start your own blog. I was making a grand a month off my websites within a year of launching so even though your blog isnt large enough to replace your work, a grand per month remains pretty nice to get a mostly passive income resource. .
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I talked about this next passive income idea in a recent movie on the five investments which let me make money while stocks were crashing. Bear in mind that, back in February when the stock exchange plunged 10% within two weeks I came out ahead because I'd property crowdfunding and p2p lending to smooth out my portfolio. .
Want to get started in real estate investing Check out this video where I reveal the four keys I learned more than 20 years as a real estate investor. Four steps to choose that will guarantee your success! Watch the movie here 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 place in my portfolio. No other asset has created as much long-term prosperity as property.
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There are a couple problems with direct investment in real estate however. 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 land 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 similar to a real estate investment trust in that it holds a collection like it of properties but much more like crowdfunding in its own management. The fund has paid a 10% annualized return since inception and is a great way to increase 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 around $5.4 billion in land and across all real estate types.
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You can invest as little as $1,000 in every property that 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 equity or debt payouts throughout the platform and it gets passed on to investors. .
Since these are longer-term projects, short-term market hiccups shouldnt affect them. Real estate prices may follow the economy somewhat but there's still that natural demand from homeowners and business users so that affirms costs.
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 like investing on more than one stage because it provides me access to as many deals as you can. .
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Subscribers to the channel have likely already seen the movies on our next passive income idea, self-publishing. Ive been self-publishing on Amazon since 2015 and also have 10 novels that averaged $1,857 a month last year.
Before you think you cant write a novel, anyone can do so and it is so easy. In fact, self-publishing is a natural match for bloggers since youre already writing the material. All you have 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 generate a new book every few months if youre really concentrated. The best part about self-publishing is that once you have it printed on Amazon, theres almost nothing left to perform. I spend roughly $20 per month on advertising for every book and thats it. .