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The greatest secret to success in this passive income source however, is to simply begin. There are factors like website age that play into getting ranked on Google and the sooner you begin, the better.
You can start your site for less than $5 per month with Blue Host and spend just a few hours a week to assemble 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 begin your own blog. I had been making a grand a month off my sites within a year of launching so even if your site isnt big enough to replace your work, a grand per month remains pretty nice for 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 that let me make money while stocks were crashing. Bear in mind that, back in February when the stock exchange plunged 10% within 2 months 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 secrets I learned over 20 years as a real estate investor. Four measures to choose 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 place 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 though. Its expensive to buy even a single property, 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 your money in just one or two investments. .
StREITwise provides 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 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 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 land 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 develop a portfolio of different property types and in different regions for this diversification. In addition, you get professional management of those projects. The job owners send all equity or debt payouts through the system and it gets passed on to investors. .
Since these are longer-term projects, short-term market hiccups shouldnt affect them. Real estate prices may occur after the economy a little but there's still that natural demand from homeowners and commercial customers so that supports costs.
I surveyed property crowdfunding sites on returns and found that debt investments average around 9 percent 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 because it gives me access to as many deals as you can. .
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Clients to the channel have probably already seen the videos on our next passive income notion, self-publishing. Ive been self-publishing websites on Amazon since 2015 and also have 10 novels important link that averaged $1,857 per month last year.
Before you think you cant write a novel, anyone can do so and it is really easy. In reality, self-publishing is a natural fit for bloggers because youre already writing the content. All you have to do is reformat it and turn it into a publication for another income source.
Im making an average of $185 per month on each book and you can produce a new book every couple of months when youre really focused. The best part about self-publishing is that once you get it printed on Amazon, theres almost nothing left to perform. I spend roughly $20 per month on advertising great site for each book and thats it. .