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The greatest key to success in this passive income source however, is to simply get started. There are variables like site age that play into getting ranked on Google and the sooner you get started, the better.
You can begin your website for less than $5 per month with Blue Host and spend only a couple of hours every 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 extra cash to begin your own blog. I was making a grand a month away from my websites within a year of launching even though your site isnt large enough to replace your job, a grand per month is still pretty nice to get a mainly passive income resource. .
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I spoke about this next passive income notion in a recent video on the five investments that let me make money while stocks were crashing. Bear in mind thatback in February when the stock exchange plunged 10% within two weeks I came out ahead because I'd real estate 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 steps to take that will guarantee your success! Watch the video 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 place in my portfolio. No other asset has created as much long-term prosperity as land.
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There are a couple problems with direct investment in real estate though. Its expensive to purchase 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 those risks 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 a real estate investment trust in that it retains a collection of possessions but more like crowdfunding in its 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 the 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 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 develop a portfolio of different property types and in different areas for that diversification. You also get professional management explanation of the jobs. The job owners send all debt or equity payouts throughout the platform and it gets passed on to investors. .
Since these are longer-term jobs, short-term economy hiccups shouldnt affect them. Real estate costs may occur after the economy a little but there is still that natural demand from homeowners and business users so that affirms costs.
I surveyed 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 enjoy investing on more than one stage 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 idea, self-publishing. Ive been self-publishing on Amazon since 2015 and have 10 novels that averaged $1,857 per month last year.
Before you think you cant write a book, anyone can do this and it's so easy. In reality, self-publishing is a natural match for bloggers because youre already writing the content. All you have to do click this is reformat it and turn it into a book for another income source.
Im making an average of $185 per month on every 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 almost nothing left to do. I spend roughly $20 a month on advertising for each book and thats it. .