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The biggest secret to success in this passive income source though, is to simply begin. There are variables like site age that play into getting ranked on Google and the sooner you get started, the better.
You can start your website for less than $5 a month with Blue Host and spend just a couple of hours every week to assemble it while you wait for it to begin 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 begin your blog. I had been making a grand a month away from my sites within a year of launching even though your site isnt big enough to replace your job, 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 movie on the five investments which 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 had real estate crowdfunding and p2p lending to smooth out my portfolio. .
Want to start in property investing Check out this video where I reveal the four keys I learned over 20 years as a property investor. Four measures to take that will guarantee your success! See the movie here on YouTube.
I started 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 advantage has generated 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 property, a minimum of tens of thousands of bucks, and theres no way many investors can build a portfolio of different land types and in different regions to shield from these risks when you've got 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 like a real estate investment trust in that it retains a collection of possessions but much more like crowdfunding in its own management. The fund has paid a 10% annualized return since inception and is a fantastic way to diversify More about the author 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 who have acquired or managed over $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 which means you can build up a portfolio of different property types and in different regions for this diversification. In addition, you get professional management of the jobs. The project owners send all equity or debt payouts through the platform and it gets passed on to investors. .
Since these are longer-term jobs, short-term market hiccups shouldnt affect them. Real estate costs may follow the economy somewhat but there's 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 percent whilst equity returns average 15 percent annually. I invest in real estate debt on PeerStreet and in debt. I enjoy investing on more than one stage 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 also 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 really simple. In fact, 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 per month on each publication and you can produce a new book every few months if youre really concentrated. The best thing about self-publishing is that once you get it published on Amazon, theres almost nothing left to perform. I spend roughly $20 per month on advertising for each publication and thats it. .