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The greatest key to success in this passive income source however, is to just begin. There are variables like website 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 using Blue Host and spend only a couple of hours every 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 excess cash to begin your own blog. I was making a grand a month off my websites within a year of launching even if your site isnt large enough to replace your work, a grand a month is still fairly nice to get a mainly passive income source. .
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I spoke about this next passive income notion in a recent movie on the five investments that let 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 had property crowdfunding and p2p lending to smooth out my portfolio. .
Want to get started in real estate investing Check out this movie where I reveal the four keys I learned more than 20 years as a real estate investor. Four steps to choose that will guarantee your success! Watch 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 spot in my portfolio. No other advantage has generated as much long-term prosperity as property.
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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 property types and in different regions to shield from those dangers when you have all 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 holds a collection of properties but much more like crowdfunding in its management. The fund has paid a 10% this contact form 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 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 every property which means you can develop a portfolio of different property types and in different areas for this diversification. You also get professional management of those jobs. The job owners send all equity or debt payouts through 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 a little but there's still that natural demand from homeowners and business customers so that supports 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 property debt on PeerStreet and in debt. I enjoy 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 movies on our next passive income notion, self-publishing. Ive been self-publishing on Amazon since 2015 and have 10 novels that averaged $1,857 per month last year.
Before you think you cant write a novel, anyone can do this and it is really easy. In fact, self-publishing is a natural match for bloggers because youre already writing this 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 publication and you can generate a new book every few months if youre really concentrated. The very best part about self-publishing is that once you get it published on Amazon, theres almost nothing left to do. I spend roughly $20 a month on advertising for each publication and thats it. .