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The biggest key to success in this passive income source though, is to simply begin. There are factors like site age that play into getting ranked on Google and the sooner you get started, the better.
You can begin your website for less than $5 a month with Blue Host and spend only a couple of hours a week to assemble 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 cash to start your blog. I was making a grand a month off my sites within a year of launching so even if your site isnt big enough to replace your job, a grand per month remains pretty nice to get a mostly passive income source. .
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I spoke about this next passive income notion in a recent movie on the five investments which helped me earn money while stocks were crashing. Bear in mind that, back in February when the stock market plunged 10% within 2 weeks I came out ahead because I'd property crowdfunding and p2p lending to smooth out my portfolio. .
Want to get started in real estate investing Check out this movie where I show the four keys I learned more than 20 years as a property investor. Four measures to choose that can guarantee your success! See the video 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 asset 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 property, a minimum of tens of thousands of dollars, and theres no way most investors can build a portfolio of different land types and in different regions to shield from these dangers when you've got all of 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 like a real estate investment trust in that it holds 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 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 property and across all property types.
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You can invest as little as $1,000 in each property which 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 the projects. The project owners send all debt or equity payouts throughout the system and it has 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 somewhat 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 like investing on more than one platform since it provides me access to as many deals as you can. .
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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 books that averaged $1,857 per month last year.
Before you think you cant write a novel, anyone can do this and it's really simple. In fact, self-publishing is use this link a natural match for bloggers since youre already writing the 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 a month on each publication and you can generate a new book every couple of months if youre really concentrated. The best part about self-publishing is that once you get it published on Amazon, theres nothing left to do. I spend roughly $20 a month on advertising for each publication and thats it. .