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The biggest secret to success in this passive income source though, is to just begin. There are factors like website 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 using Blue Host and spend only a few 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 particular offer by Blue Host below. Dont wait until you need the extra cash to start your blog. I had been making a grand a month off my websites within a year of launching even if your blog isnt big enough to replace your work, a grand per month is still fairly nice to get a mostly passive income source. .
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I talked about this next passive income notion in a recent video on the five investments which helped 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 had real estate crowdfunding and p2p lending to smooth out my portfolio. .
Want to start in real estate investing Check out this movie where I show the four keys I learned over 20 years as a real estate investor. Four measures 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 spot in my portfolio. No other advantage has created as much long-term wealth as property.
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There are a couple problems with direct investment in real estate though. Its expensive to purchase 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 shield from these dangers when you've got 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 is similar to a real estate investment trust in that it retains a collection of possessions but much more like crowdfunding in its management. The fund has paid a 10% annualized return since website link inception and is a great 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 who 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 each property which means that you can build up a portfolio of different property types and in different areas for that diversification. In addition, you get professional management of the projects. The project owners send all debt or equity payouts throughout the platform and it has passed on to investors. .
Since these are longer-term projects, short-term economy hiccups shouldnt affect them. Real estate prices may occur after the economy a little but there's still that natural demand from homeowners and business users so that affirms costs.
I surveyed property crowdfunding websites on returns and found that debt investments average around 9% whilst equity returns average 15 percent annually. I invest in real estate debt on PeerStreet and in debt. I enjoy investing on more than one platform 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 a month last year.
Before you think you cant write a book, anyone can do so and it's really easy. In fact, self-publishing is a natural fit for bloggers because youre already writing the 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 a month on each book and you can produce a new book every couple of months if youre really concentrated. The very best thing about self-publishing is that once you get it printed on Amazon, theres almost nothing left to do. I spend roughly $20 per month on advertising for each publication and thats it. .