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The biggest key to success in this passive income source however, is to just 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 a month with Blue Host and spend just a couple of hours a week to build it while you wait for it to begin 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 money to begin your own blog. I had been making a grand a month off my sites within a year of launching even though your site isnt large enough to replace your job, a grand a month remains fairly nice to get a mainly passive income resource. .
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I spoke about this next passive income notion in a recent video on the five investments which let me make money while stocks were crashing. Remember thatback 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 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 will guarantee your success! Watch the video here 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 place in my portfolio. No other advantage has generated 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 purchase even a single house, a minimum of tens of thousands of bucks, and theres no way many investors can create a portfolio of different land types and in different regions to protect from these dangers 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 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 diversify your real estate exposure. .
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The stREITwise 1st stREIT Office REIT invests in 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 that have obtained or managed over $5.4 billion in property and across all property 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. You also get professional management of those jobs. The project owners send all equity or debt payouts throughout the system and it has passed on to investors. .
Since these are longer-term jobs, short-term market hiccups shouldnt affect them. Real estate prices may occur after the economy somewhat but there's still that natural demand from homeowners and commercial users so that supports prices.
I researched 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 enjoy investing on more than one stage because it provides me access to as many deals as you can. .
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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 books that averaged $1,857 a month last year.
Before you think you cant write a novel, anyone can do this and it is so easy. In reality, self-publishing is a natural fit for bloggers because youre already writing this material. All you need to do is reformat it and turn it into a publication for another income source.
Im making an average of $185 per month on every book and you can generate a new book every couple of months if youre really concentrated. The very best part about self-publishing is that once you have it published on Amazon, theres nothing left to do. I spend you can try here about $20 a month on advertising for each publication and thats it. .