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The greatest secret to success in this passive income source however, is to just begin. 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 couple of hours every week to assemble 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 blog. I had been making a grand a month off my websites within a year of launching so even though your blog isnt big enough to replace your job, a grand per month remains fairly nice for a mostly passive income resource. .
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I talked about this next passive income notion in a recent video on the five investments which let me make money while stocks were crashing. Remember that, back in February when the stock market plunged 10% within 2 months I came out ahead because I'd real estate 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 secrets I learned over 20 years as a property investor. Four measures to take that will guarantee your success! See the movie here on YouTube.
I began 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 property.
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There are a couple problems with direct investment in real estate though. Its expensive to buy even a single house, a minimum of tens of thousands of bucks, and theres no way many investors can create a portfolio of different property types and in different regions to protect from these dangers when you have all your money in just one or two investments. .
StREITwise provides a hybrid investment between traditional REIT anonymous fund investing and the new crowdfunding. The fund is like a real estate investment trust in that it holds a collection of possessions but much more like crowdfunding in its own management. The fund has paid a 10% annualized return since inception and is a great 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 around $5.4 billion in land and across all property types.
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You can invest as little as $1,000 in each property which means that you can develop a portfolio of different property types and in different areas for that diversification. In addition, you get professional management of those projects. The project owners send all debt or equity payouts through the system and it has passed on to investors. .
Since these are longer-term jobs, 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 prices.
I researched property crowdfunding sites on returns and found that debt investments average around 9% whilst equity returns average 15% annually. I invest in real estate debt on PeerStreet and in debt. I enjoy investing on more than one platform because it provides important link 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 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 reality, 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 book for another income source.
Im making an average of $185 per month on each book and you can generate a new book every couple of months when youre really focused. The very best thing about self-publishing is that once you have it printed on Amazon, theres almost nothing left to do. I spend roughly $20 per month on advertising for every publication and thats it. .