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The biggest key to success in this passive income source however, is to simply get started. 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 per month with Blue Host and spend only a couple of 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 blog. I was making a grand a month off my websites within a year of launching even though your blog isnt big enough to replace your job, a grand a month is still fairly nice to get a mostly passive income source. .
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I spoke about this next passive income idea in a recent movie on the five investments which let me earn money while stocks were crashing. Remember thatback in February when the stock exchange plunged 10% within 2 weeks I came out ahead because I had property crowdfunding and p2p lending to smooth out my portfolio. .
Want to start in property investing Check out this movie where I reveal the four keys I learned more than 20 years as a property investor. Four steps to take that can guarantee your success! See the video below on YouTube.
I began 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 prosperity as land.
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There are a couple of problems with direct investment in real estate though. Its expensive to buy even a single house, a minimum of tens of thousands of bucks, and theres no way most investors can build a portfolio of different land types and in different regions to protect from those risks when you have all your money in only one or two investments. .
StREITwise provides a hybrid investment between traditional REIT fund investing and the new crowdfunding. The fund try this site is similar to a real estate investment trust in that it retains a collection of properties but wikipedia reference more like crowdfunding in its own management. The fund has paid a 10% annualized return since inception and is a great 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 the video, has paid a 10% annualized dividend. The fund is managed by seasoned real estate professionals that have acquired or managed around $5.4 billion in land and across all property types.
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You can invest as little as $1,000 in each property which means you can develop a portfolio of different property types and in different areas for this diversification. In addition, you get professional management of the jobs. The job owners send all equity or debt payouts through the platform and it has passed on to investors. .
Since these are longer-term jobs, short-term economy hiccups shouldnt impact them. Real estate costs may occur after the economy somewhat but there is still that natural demand from homeowners and commercial customers so that affirms prices.
I researched property crowdfunding websites on returns and found that debt investments average around 9% whilst equity returns average 15% annually. I invest in real estate debt on PeerStreet and in debt. I enjoy investing on more than one platform because it provides me access to as many deals as possible. .
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Subscribers to the channel have likely already seen the movies 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 per month this past year.
Before you think you cant write a book, anyone can do so and it's really simple. In reality, self-publishing is a natural fit for bloggers because youre already writing this material. All you have to do is reformat it and turn it into a publication for another income source.
Im making an average of $185 a month on each publication and you can produce a new book every few months if youre really concentrated. The very best part about self-publishing is that once you have it printed on Amazon, theres almost nothing left to perform. I spend roughly $20 per month on advertising for each book and thats it. .