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The greatest key to success in this passive income source though, is to just get started. There are factors like site age that play into getting ranked on Google and the sooner you begin, the better.
You can start your website for less than $5 a month with Blue Host and spend only a few hours every week to assemble 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 begin your own blog. I was making a grand a month off my websites within a year of launching so even if your site isnt large enough to replace your work, a grand a month remains fairly nice for a mostly passive income resource. .
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I spoke about this next passive income idea in a recent movie on the five investments which helped me earn money while stocks were crashing. Bear in mind thatback in February when the stock market 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 video where I show the four keys I learned more than 20 years as a property investor. Four steps to take that can guarantee your success! Watch the movie 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 spot 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 though. Its expensive to purchase even a single house, a minimum of tens of thousands of dollars, and theres no way most investors can create a portfolio of different land types and in different regions to shield from those risks 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 news 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 his response paid a 10% annualized dividend. The fund is managed by seasoned real estate professionals that have acquired or managed around $5.4 billion in property and across all real estate types.
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You can invest as little as $1,000 in every property which means you can build up a portfolio of different property types and in different regions for that diversification. You also get professional management of the projects. The project 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 economy hiccups shouldnt affect them. Real estate costs may follow the economy a little but there's still that natural demand from homeowners and business users so that supports costs.
I surveyed property crowdfunding websites on returns and found that debt investments average around 9 percent while equity returns average 15% annually. I invest in property debt on PeerStreet and in debt. I like investing on more than one stage since it gives me access to as many deals as you can. .
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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 have 10 books that averaged $1,857 per month this past year.
Before you think you cant write a book, anyone can do so and it is so easy. In reality, self-publishing is a natural fit for bloggers since youre already writing this 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 every publication and you can produce a new book every couple of months if youre really focused. The very best thing about self-publishing is that once you have it published on Amazon, theres nothing left to perform. I spend about $20 per month on advertising for each publication and thats it. .