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The biggest key to success in this passive income source though, is to simply get started. There are variables like website age that play into getting ranked on Google and the sooner you begin, the better.
You can begin your website for less than $5 per month with Blue Host and spend just a few 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 particular offer by Blue Host below. Dont wait until you need the extra cash to start your blog. I was making a grand a month off my sites within a year of launching even if your blog isnt big enough to replace your work, a grand a month is still fairly nice for a mainly passive income resource. .
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I spoke about this next passive income notion in a recent movie 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 real estate crowdfunding and p2p lending to smooth out my portfolio. .
Want to get started in property investing Check out this video 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 video below 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 place in my portfolio. No other advantage has generated as much long-term wealth as land.
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There are a couple of problems with direct investment in real estate though. Its expensive to purchase even a single property, a minimum of tens of thousands of dollars, and theres no way most investors can build a portfolio of different property types and in different regions to protect from these dangers when you've got all your money in only 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 much 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 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 acquired 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 that means you can build up a portfolio of different property types and in different regions for that diversification. You also get professional important link management of those jobs. The job owners send all equity or debt payouts throughout the system and it gets passed on to investors. .
Since these are longer-term projects, short-term market hiccups shouldnt impact them. Real estate costs may occur after the economy somewhat but there's still that natural demand from homeowners and commercial users so that affirms costs.
I researched real estate crowdfunding sites on returns and found that debt investments average around 9 percent whilst equity returns average 15% 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 movies on our next passive income notion, self-publishing. Ive been self-publishing on Amazon since 2015 and have 10 books that averaged $1,857 a month this past year.
Before you think you cant write a novel, anyone can do this and it is so simple. In reality, self-publishing is a natural fit for bloggers because youre already writing the material. All you need to do a fantastic read 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 generate a new book every couple of months when youre really concentrated. The best part about self-publishing is that once you get it printed on Amazon, theres almost nothing left to perform. I spend about $20 a month on advertising for each publication and thats it. .