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The greatest key to success in this passive income source however, is to just begin. There are factors like website age that play into getting ranked on Google and the sooner you begin, the better.
You can start your website for less than $5 per month with Blue Host and spend just 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 extra cash to begin your blog. I had been making a grand a month away from my sites within a year of launching even if your blog isnt big enough to replace your work, a grand per month is still pretty nice for a mainly passive income resource. .
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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 that, back in February when the stock exchange plunged 10% within two weeks I came out ahead because I'd real estate crowdfunding and p2p lending to smooth out my portfolio. .
Want to start in real estate investing Check out this movie where I reveal the four secrets 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 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 prosperity as property.
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There are a couple of problems with direct investment in real estate though. Its expensive to purchase even a single house, a minimum of tens of thousands of bucks, and theres no way most investors can build a portfolio of different property types and in different regions to shield from those risks when you have all of your money in just one or two investments. .
StREITwise provides a hybrid investment between traditional REIT fund investing and the new crowdfunding. The fund is like a real estate investment trust in that it retains a collection of properties but more like crowdfunding in its management. The fund has paid a 10% annualized return since inception and is a fantastic way to increase your real estate exposure. .
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The stREITwise 1st stREIT Office REIT invests in high-quality office properties and as of this date of the 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 that means you can develop a portfolio of different property types and in different regions 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 jobs, short-term market hiccups shouldnt impact them. Real estate prices may occur after the economy a little but there's still that natural demand from homeowners and commercial users so that affirms prices.
I researched real estate crowdfunding sites on returns and found that debt investments average around 9 percent while equity returns average 15 percent annually. I invest in property debt on PeerStreet and in debt. I like investing on more than one stage because it provides me access to as many deals look these up as possible. .
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Subscribers to the channel have likely 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 novel, anyone can do this and it is really simple. In fact, self-publishing is a natural fit for bloggers since youre already writing the material. 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 each book and you can produce a new book every few months if youre really focused. The very best part about self-publishing is that once you have it printed on Amazon, theres almost nothing left to perform. I spend about $20 per month on advertising for each publication and thats it. .