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The biggest key to success in this passive income source however, is to just begin. There are factors like site age that play into getting ranked on Google and the sooner you get started, the better.
You can start 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 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 excess cash to start your own blog. I had been making a grand a month away from my sites within a year of launching so even if your blog isnt big enough to replace your job, a grand per month is still pretty nice to get a mostly passive income resource. .
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I talked about this next passive income idea in a recent video on the five investments that helped 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 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 steps to choose that will guarantee your success! Watch the movie below 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 spot in my portfolio. No other advantage has created as much long-term wealth as land.
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There are a couple problems with direct investment in real estate however. Its expensive to buy even a single property, a minimum of tens of thousands of dollars, and theres no way many investors can create a portfolio of different land types and in different regions to protect from these risks when you've got all 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 retains a collection of properties but more like crowdfunding in its own 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 article source 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 who have obtained 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 each property which means that you can build up a portfolio of different property types and in different areas for that diversification. You also get professional management of the projects. The project owners send all equity or debt payouts throughout the system and it gets passed on to investors. .
Since these are longer-term projects, short-term economy hiccups shouldnt affect them. Real estate prices may follow the economy a little but there is still that natural demand from homeowners and commercial users so that affirms costs.
I researched property crowdfunding websites on returns and found that debt investments average around 9 percent whilst 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 provides me access to as many deals as possible. .
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Subscribers 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 also have 10 novels that averaged $1,857 a month last year.
Before you think you cant write a book, anyone can do this and it is so easy. In fact, self-publishing is a natural fit for bloggers since youre already writing this content. useful reference 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 when youre really focused. The best part about self-publishing is that once you get it published on Amazon, theres almost nothing left to do. I spend roughly $20 per month on advertising for each publication and thats it. .