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The biggest key to success in this passive income source though, is to simply get started. There are factors like site 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 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 special offer by Blue Host below. Dont wait until you need the excess cash to begin your blog. I was making a grand a month away from my websites within a year of launching even if your site isnt large enough to replace your job, a grand a month remains fairly nice to get a mostly passive income resource. .
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I spoke about this next passive income idea in a recent movie on the five investments that let me make money while stocks were crashing. Bear in mind thatback in February when the stock market plunged 10% within 2 weeks 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 keys I learned over 20 years as a real estate investor. Four measures to choose that can guarantee your success! Watch the movie here 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 wealth as land.
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There are a couple of problems with direct investment in real estate however. Its expensive to buy even a single house, a minimum of tens of thousands of bucks, and theres no way many investors can build a portfolio of different land types and in different regions to protect from those dangers when you've got 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 possessions 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 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 this video, has paid a 10% annualized dividend. The fund is managed by seasoned real estate professionals who have obtained or managed around $5.4 billion in property and across all real estate types.
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You can invest as little as $1,000 in every property which means you can Get More Info develop a portfolio of different property types and in different areas for this diversification. In addition, you get professional management of those projects. The project owners send all debt or equity payouts through 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's still that natural demand from homeowners and commercial users so that affirms prices.
I researched real estate crowdfunding websites on returns and found that debt investments average around 9% whilst equity returns average 15% 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 you can. .
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Clients to the channel have probably already seen the videos on our next passive income idea, 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 this and it is so simple. In fact, self-publishing is a natural match for bloggers because youre already writing this 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 a month on each book and you can produce a new book every couple of months if youre really focused. The best thing about self-publishing is that once you get it printed on Amazon, theres nothing left to do. I spend about $20 a month on advertising for every publication and thats it. .