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The greatest key to success in this passive income source however, is to just begin. There are factors like site age that play into getting ranked on Google and the sooner you begin, 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 build it while you wait for it to start producing that income you can count on.
Ill leave a link to a special offer by Blue Host below. Dont wait until you need the extra money to begin your blog. I was making a grand a month away from my sites within a year of launching even though your site isnt big enough to replace your job, a grand per month remains fairly nice for 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 that let 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 property crowdfunding and p2p lending to smooth out my portfolio. .
Want to get started in property investing Check out this movie where I reveal the four secrets I learned over 20 years as a real estate 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 place in my portfolio. No other advantage has created 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 land types and in different regions to shield from those dangers when you've got all of your money in only one or two investments. .
StREITwise offers a hybrid investment between traditional REIT fund investing and the new crowdfunding. The fund is like 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% annualized return since inception and is a fantastic way to diversify your property exposure. .
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The stREITwise 1st stREIT Office REIT invests in high-quality office properties and as click this site of the date of this video, has paid a 10% annualized dividend. The fund is managed by seasoned real estate professionals that have acquired 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 that you can build up a portfolio of different property types and in different areas for this diversification. You also get professional management of the jobs. The job owners send all equity or debt payouts throughout the platform and it gets passed on to investors. .
Since these are longer-term jobs, short-term market hiccups shouldnt impact them. Real estate prices may follow the economy a little but there is still that natural demand from homeowners and business users so that affirms costs.
I researched real estate crowdfunding sites on returns and found that debt investments average around 9% 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 provides me access to as many deals as possible. .
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Clients 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 per month this past year.
Before you think you cant write a novel, anyone can do this and it's so easy. In fact, self-publishing is a natural fit for bloggers since youre already writing the 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 a month on every book and you can generate a new book every couple of months when youre really concentrated. The very best thing about self-publishing is that once you get it published on Amazon, theres nothing left to perform. I spend about $20 per month on advertising for every book and thats it. .