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The greatest secret to success in this passive income source though, is to just get started. There are variables like site age that play into getting ranked on Google and the sooner you begin, the better.
You can begin your site for less than $5 a month using Blue Host and spend just a few hours a week to build 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 start your blog. I was making a grand a month off my sites within a year of launching so even if your site isnt big enough to replace your job, a grand per month is still pretty nice for a mostly passive income resource. .
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I talked about this next passive income notion in a recent movie on the five investments that let me make money while stocks were crashing. Remember that, back in February when the stock market plunged 10% within two weeks I came out ahead because I'd property crowdfunding and p2p lending to smooth out my portfolio. .
Want to start in property investing Check out this movie where I show the four keys I learned more than 20 years as a property investor. Four measures to choose that will guarantee your success! Watch the video here on YouTube.
I started 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 created as much long-term prosperity as property.
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There are a couple 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 land types and in different regions to shield from those dangers when you have all your money in just one or two investments. .
StREITwise offers a hybrid her response 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 great 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 the video, has paid a 10% annualized dividend. The fund is managed by seasoned real estate professionals who have acquired or managed over $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 develop a portfolio of different property types and in different areas for that diversification. In addition, you get professional management of the jobs. The project owners send all equity or debt payouts through the platform and it has passed on to click this link investors. .
Since these are longer-term jobs, short-term economy hiccups shouldnt affect them. Real estate prices may occur after the economy a little but there's still that natural demand from homeowners and commercial customers so that affirms prices.
I surveyed real estate crowdfunding websites on returns and found that debt investments average around 9 percent whilst 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 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 have 10 books that averaged $1,857 per month this past year.
Before you think you cant write a novel, anyone can do this and it's really simple. In fact, self-publishing is a natural fit for bloggers because youre already writing this content. All you need to do is reformat it and turn it into a publication for another income source.
Im making an average of $185 per month on every publication and you can generate a new book every few months when youre really concentrated. The very best thing about self-publishing is that once you have it printed on Amazon, theres almost nothing left to do. I spend about $20 per month on advertising for each book and thats it. .