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The biggest key to success in this passive income source though, is to just begin. There are variables like website age that play into getting ranked on Google and the sooner you get started, the better.
You can begin your site for less than $5 a month using Blue Host and spend just 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 money to start your blog. I had been making a grand a month off my websites within a year of launching even though your blog isnt large enough to replace your job, a grand a month remains pretty nice to get a mostly passive income resource. .
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I spoke about this next passive income idea in a recent movie on the five investments that let me make money while stocks were crashing. Bear in mind that, back in February when the stock exchange plunged 10% within two months 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 secrets I learned more than 20 years as a property investor. Four steps to choose that will guarantee your success! See the video below 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 spot in my portfolio. No other asset has generated as much long-term wealth as property.
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There are a couple of problems with direct investment in real estate however. Its expensive to buy even a single house, a minimum of tens of thousands of bucks, and theres no way many investors can build a portfolio of different property 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 provides 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 retains a collection of possessions but 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 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 the video, has paid a 10% great post to read annualized dividend. The fund is managed by seasoned real estate professionals who 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 each property which means you can develop a portfolio of different property types and in different areas for this diversification. You also get professional management of those projects. The project 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 impact them. Real estate prices may follow the economy a little but there's still that natural demand from homeowners and business customers so that supports prices.
I surveyed property crowdfunding sites on returns and found that debt investments average around 9 percent whilst equity returns average 15 percent annually. I invest in real estate debt on PeerStreet and in debt. I like investing on more than one platform because it provides 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 so and it's so easy. In reality, self-publishing is a natural match for bloggers because 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 publication and you can produce a new book every couple of months when youre really concentrated. The very best part about self-publishing is that once you get it printed on Amazon, theres almost nothing left to perform. I spend roughly $20 a month on advertising for every book and thats it. .