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The greatest key to success in this passive income source though, is to simply get started. There are variables like site age that play into getting ranked on Google and the sooner you begin, the better.
You can begin your site for less than $5 per month using Blue Host and spend just 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 money to start your own blog. I was making a grand a month away from my sites within a year of launching even if your site isnt large enough to replace your job, a grand a month is still pretty nice for a mainly passive income resource. .
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I spoke about this next passive income idea in a recent video on the five investments that let me make money while stocks were crashing. Bear in mind thatback in February when the stock exchange plunged 10% within two 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 video where I show the four secrets I learned more than 20 years as a property investor. Four measures to choose 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 asset has generated as much long-term wealth as land.
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There are a couple problems with direct investment in real estate however. Its expensive to buy even a single property, a minimum of tens of thousands of bucks, and theres no way most investors can build a portfolio of different land 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 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 holds 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 diversify 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 that have acquired or managed over $5.4 billion in land and across all real estate types.
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You can invest as little as $1,000 in every property that means that you can develop a portfolio of different property types and in different regions for this diversification. In addition, you get professional management of the projects. The job owners send all debt or equity payouts throughout the platform and it gets passed on to investors. .
Since these are longer-term projects, short-term economy hiccups shouldnt impact them. Real estate costs may follow the economy a little but there's still that natural demand from homeowners and commercial customers so that affirms prices.
I surveyed real estate crowdfunding sites on returns and found that debt investments average around 9% while equity returns average 15% annually. I invest in real estate debt on PeerStreet and in debt. I like investing on more than one stage since 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 also have 10 novels that averaged $1,857 per month this past year.
Before you think you cant write a novel, anyone can do so and it's so easy. In fact, self-publishing is a natural fit for bloggers because youre already writing this content. 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 when 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 roughly $20 a month on advertising for every book and thats it. .