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The greatest key to success in this passive income source however, is to just get started. There are variables like website age that play into getting ranked on Google and the sooner you begin, the better.
You can start your website for less than $5 a month using Blue Host and spend just a few 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 extra cash to start your own blog. I was making a grand a month away from my websites within a year of launching even if your blog isnt large enough to replace your work, a grand per month remains fairly nice to get a mainly passive income resource. .
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I spoke about this next passive income idea in a recent video on the five investments that let me earn money while stocks were crashing. Remember thatback in February when the stock exchange plunged 10% within two weeks I came out ahead because I had property crowdfunding and p2p lending to smooth out my portfolio. .
Want to get started in real estate investing Check out this movie where I show the four secrets I learned over 20 years as a property investor. Four measures to choose that will guarantee your success! See the movie here on YouTube.
I began 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 land.
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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 dollars, and theres no way most investors can build a portfolio of different land types and in different regions to shield from these dangers when you've got 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 retains a collection of possessions 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 increase 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 obtained or managed around $5.4 billion in property and across all property types.
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You can invest as little as $1,000 in each property which means that you can develop a portfolio of different property types and in different areas for that diversification. You also get professional management of the projects. The job owners send all debt or equity payouts throughout the system and it gets passed on to investors. .
Since these are longer-term jobs, short-term market hiccups shouldnt affect them. Real estate prices may occur after the economy somewhat but there's still that natural demand from homeowners and business users so that affirms prices.
I websites 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 property debt on PeerStreet and in debt. I like investing on more than one platform since it provides me access to as many deals as possible. .
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Clients to the channel have likely already seen the videos on our next passive income notion, self-publishing. Ive been self-publishing on Amazon since 2015 and also have 10 novels that averaged $1,857 per month this past year.
Before you think you cant write a novel, anyone can do this and it is so easy. In reality, self-publishing is a natural fit for bloggers because 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 produce a new book every couple of months when youre really concentrated. The very best thing about self-publishing is that once you get it published on Amazon, theres almost nothing left to perform. I spend roughly $20 per month on advertising for each book and thats it. .