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The biggest key to success in this passive income source however, is to just get started. There are variables like site age that play into getting ranked on Google and the sooner you get started, the better.
You can start your website for less than $5 a month with Blue Host and spend only a couple of hours a week to build 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 excess cash to begin your blog. I had been making a grand a month off my websites within a year of launching so even if your blog isnt large enough to replace your work, a grand a month remains pretty nice to get a mainly passive income source. .
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I talked about this next passive income idea in a recent video on the five investments that helped me earn money while stocks were crashing. Bear in mind thatback in February when the stock exchange plunged 10% within 2 months 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 over 20 years as a property investor. Four measures to take that will guarantee your success! See the movie below 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 advantage has generated as much long-term wealth as land.
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There are a couple of problems with direct investment in real estate though. Its expensive to purchase even a single property, a minimum of tens of thousands of dollars, and theres no way many investors can create a portfolio of different property types and in different regions to shield from those risks when you've got all of your money in only one or two investments. .
StREITwise offers a hybrid investment between traditional REIT fund investing go to my blog and the new crowdfunding. The fund is like a real estate investment trust why not try here in that it holds a collection of properties but much more like crowdfunding in its 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 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 that means that you can build up this page a portfolio of different property types and in different regions for this diversification. In addition, you get professional management of those projects. The project owners send all equity or debt payouts throughout the platform and it gets passed on to investors. .
Since these are longer-term projects, short-term market hiccups shouldnt affect them. Real estate prices may follow the economy somewhat but there is still that natural demand from homeowners and commercial customers so that supports costs.
I researched real estate 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 platform because it gives me access to as many deals as possible. .
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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 have 10 novels that averaged $1,857 a month last year.
Before you think you cant write a novel, anyone can do this and it's so simple. In reality, 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 every book and you can produce a new book every couple of months when youre really concentrated. The best thing about self-publishing is that once you have it published on Amazon, theres almost nothing left to perform. I spend roughly $20 per month on advertising for each book and thats it. .