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The biggest secret to success in this passive income source though, is to simply get started. There are variables like site age that play into getting ranked on Google and the sooner you begin, the better.
You can start your site for less than $5 a month with Blue Host and spend only a couple of hours a week to assemble 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 money to begin your own blog. I was making a grand a month away from my websites within a year of launching so even though your blog isnt large enough to replace your job, a grand a month remains pretty 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 make money while stocks were crashing. Remember thatback in February when the stock market plunged 10% within 2 months I came out ahead because I had real estate 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 over 20 years as a property investor. Four measures to take that can 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 property.
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There are a couple problems with direct investment in real estate however. Its expensive to purchase 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 protect from these risks when you've got all of 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 like a real estate investment trust in that their explanation it holds a collection their website of possessions but much more like crowdfunding in its management. The fund has paid a 10% annualized return since inception and is a great way to diversify 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 this video, has paid a 10% annualized dividend. The fund is managed by seasoned real estate professionals that have obtained or managed over $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 which means that you can develop a portfolio of different property types and in different regions for this diversification. You also get professional management of the jobs. The job owners send all equity or debt payouts throughout the platform and it has passed on to investors. .
Since these are longer-term jobs, short-term market hiccups shouldnt impact them. Real estate prices may follow the economy a little but there's still that natural demand from look at more info homeowners and business users so that affirms costs.
I researched real estate crowdfunding sites on returns and found that debt investments average around 9% 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 gives 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 notion, self-publishing. Ive been self-publishing on Amazon since 2015 and have 10 novels that averaged $1,857 per month this past year.
Before you think you cant write a book, anyone can do so and it is really easy. In fact, self-publishing is a natural match for bloggers since youre already writing the content. 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 publication and you can produce a new book every few months when youre really focused. The very best thing about self-publishing is that once you have it printed on Amazon, theres nothing left to perform. I spend about $20 a month on advertising for every book and thats it. .