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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 website for less than $5 per month using Blue Host and spend only a few hours every week to assemble it while you wait for it to start producing that income you can count on.
Ill leave a link to a special offer by Blue Host below. Dont wait until you need the extra money to start your own blog. I was making a grand a month away from my websites within a year of launching so even though your site isnt big enough to replace your work, a grand a month is still fairly nice to get a mostly passive income resource. .
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I spoke about this next passive income idea in a recent video on the five investments which helped me make money while stocks were crashing. Bear in mind that, back in February when the stock exchange plunged 10% within 2 weeks I came out ahead because I had property crowdfunding and p2p lending to smooth out my portfolio. .
Want to start in real estate investing Check out this movie where I reveal the four secrets I learned more than 20 years as a real estate investor. Four steps to take that can guarantee your success! See the video 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 spot in my portfolio. No other asset has created as much long-term prosperity as land.
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There are a couple of problems with direct investment in real estate though. Its expensive to buy even a single house, a minimum of tens of thousands of bucks, and theres no way most investors can create 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 offers a hybrid investment between traditional REIT fund investing and the new crowdfunding. The fund is similar to 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 property exposure. .
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The stREITwise 1st stREIT Office REIT invests in high-quality office properties and as of the date of i was reading this 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 build up a portfolio of different property types and in different areas for this diversification. In addition, you get professional management of those jobs. The job owners send all equity or debt payouts throughout the system and it has passed on to investors. .
Since these are longer-term projects, short-term economy hiccups shouldnt impact them. Real estate costs may follow the economy a little but there's still that natural demand from homeowners and business customers so that supports find costs.
I surveyed property crowdfunding websites on returns and found that debt investments average around 9% while equity returns average 15% annually. I invest in real estate 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 probably 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 last year.
Before you think you cant write a novel, anyone can do this and it's really easy. In reality, self-publishing is a natural fit for bloggers because youre already writing this material. All you need to do is reformat it and turn it into a publication for another income source.
Im making an average of $185 a month on every book and you can generate a new book every few months if youre really concentrated. The best thing about self-publishing is that once you have it printed on Amazon, theres almost nothing left to perform. I spend about $20 per month on advertising for each publication and thats it. .