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The biggest 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 site for less than $5 per month using Blue Host and spend only a couple of hours every 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 cash to begin your own blog. I had been making a grand a month off my sites within a year of launching even though your site isnt large enough to replace your job, a grand per month is still pretty nice for a mostly passive income source. .
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I talked about this next passive income notion in a recent video on the five investments which let me make money while stocks were crashing. Bear in mind thatback in February when the stock market plunged 10% within 2 weeks I came out ahead because I'd property crowdfunding and p2p lending to smooth out my portfolio. .
Want to start in real estate investing Check out this movie where I reveal the four keys I learned over 20 years as a property investor. Four measures to choose that will guarantee your success! See the video 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 spot in my portfolio. No other asset has created as much long-term prosperity as property.
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There are a couple of 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 build a portfolio of different property types and in different regions to shield from those risks 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 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 property exposure. continue reading this .
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The stREITwise 1st stREIT Office REIT invests in high quality office useful link properties and as of this date of this video, has paid a 10% annualized dividend. The fund is managed by seasoned real estate professionals who 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 which means you can build up a portfolio of different property types and in different regions for this diversification. You also get professional management of those jobs. The project owners send all equity or debt payouts through the system and it has passed on to investors. .
Since these are longer-term jobs, short-term market hiccups shouldnt affect them. Real estate costs may occur after the economy somewhat but there is still that natural demand from homeowners and commercial users so that affirms prices.
I surveyed property crowdfunding sites on returns and found that debt investments average around 9 percent while equity returns average 15% annually. I invest in real estate debt on PeerStreet and in debt. I like 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 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 a month last year.
Before you think you cant write a novel, anyone can do this and it is so easy. In fact, self-publishing is a natural match for bloggers since youre already writing the content. All you need 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 when youre really concentrated. The very best part about self-publishing is that once you have it published on Amazon, theres nothing left to perform. I spend about $20 per month on advertising for each publication and thats it. .