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The biggest secret to success in this passive income source though, is to just begin. 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 a month with 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 excess cash to begin your own blog. I was making a grand a month away from my sites within a year of launching even if your site isnt big enough to replace your job, a grand per month is still fairly nice to get a mostly passive income source. .
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I talked 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 thatback in February when the stock exchange plunged 10% within two weeks I came out ahead because I had property crowdfunding and p2p lending to smooth out my portfolio. .
Want to get started in property investing Check out this movie where I reveal the four keys I learned over 20 years as a real estate investor. Four steps to take that can guarantee your success! See the movie below 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 spot in my portfolio. No other advantage has generated as much long-term wealth as property.
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There are a couple 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 many investors can create a portfolio of different property types and in different regions to protect from those dangers when you have all of your money in just 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 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 this video, has paid a 10% annualized dividend. The fund is managed by seasoned real estate professionals that have obtained 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 every property that means that you can build up a portfolio of different property types and in different regions for that diversification. You also get professional management of those projects. The job owners send all equity or debt payouts through the look at this now platform and it has passed on to investors. .
Since these are longer-term projects, 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 business users so that supports prices.
I surveyed real estate crowdfunding sites on returns and found that debt investments average around 9% while equity returns average 15 percent annually. I invest in property debt on PeerStreet and in debt. I like investing on more than one stage since it provides me access to as many deals as possible. .
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Subscribers to the channel have probably already seen the videos on our next passive income notion, self-publishing. Ive been self-publishing on Amazon since 2015 and also have 10 novels that averaged $1,857 per month this past year.
Before you think you cant write a novel, anyone can do so and it's so simple. In reality, self-publishing is a natural match for bloggers because youre already writing the material. All you have to do is reformat it and turn it into a book for another income source.
Im making an average of $185 a month on each book and you can produce a new book every few months if youre really concentrated. The very best thing about self-publishing is that once you get it printed on Amazon, theres nothing left to do. I spend about $20 a month on advertising for each publication and thats it. .