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The greatest secret to success in this passive income source though, is to just get started. There are factors like site 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 build 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 excess money to start your 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 a month is still fairly nice for a mainly passive income source. .
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I talked about this next passive income idea in a recent video on the five investments that let me earn money while stocks were crashing. Bear in mind that, back in February when the stock market plunged 10% within two months I came out ahead because I'd property crowdfunding and p2p lending to smooth out my portfolio. .
Want to get started in property investing Check out this movie where I show the four secrets I learned over 20 years as a real estate investor. Four steps to choose that can guarantee your success! Watch the movie here 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 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 property, a minimum of tens of thousands of dollars, and theres no way many investors can build a portfolio of different property types and in different regions to protect from those dangers when you've got all of 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 official website a real estate investment trust in that it holds a collection of properties 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 the date of this video, has paid a 10% annualized dividend. The fund is managed by seasoned real estate professionals who have acquired you can find out more or managed around $5.4 billion in land and across all property 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 areas for that diversification. You also get professional management of those 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 projects, short-term market hiccups shouldnt impact them. Real estate prices may follow the economy a little but there is still that natural demand from homeowners and commercial users so that affirms prices.
I researched property crowdfunding websites on returns and found that debt investments average around 9 percent while equity returns average 15% annually. I invest in property debt on PeerStreet and in debt. I enjoy investing on more than one stage because it gives me access to as many deals as possible. .
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Subscribers 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 novels that averaged $1,857 a month this past year.
Before you think you cant write a book, anyone can do so and it is so simple. In fact, self-publishing is a natural match for bloggers since youre already writing this material. All you need to do is reformat it and turn it into a book for another income source.
Im making an average of $185 a month on every book and you can generate a new book every couple of months when youre really focused. The very best thing about self-publishing is that once you have it printed on Amazon, theres almost nothing left to do. I spend roughly $20 per month on advertising for every publication and thats it. .