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The greatest secret to success in this passive income source however, is to simply get started. There are variables like site age that play into getting ranked on Google and the sooner you get started, the better.
You can start your site for less than $5 a month using Blue Host and spend only a couple of hours every 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 cash to start your blog. I was making a grand a month off my sites within a year of launching so even though your site isnt big enough to replace your work, a grand a month is still fairly nice for a mainly passive income source. .
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I spoke about this next passive income idea in a recent movie on the five investments that helped me make money while stocks were crashing. Bear in mind that, back in February when the stock exchange plunged 10% within two weeks I came out ahead because I'd property crowdfunding and p2p lending to smooth out my portfolio. .
Want to start in real estate investing Check out this movie where I show the four secrets I learned over 20 years as a property investor. Four steps to choose that will guarantee your success! Watch the video 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 prosperity as property.
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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 property types and in different regions to shield from these dangers when you've got all 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 similar to a real estate investment trust in that it retains 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 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 property types.
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You can invest as little as $1,000 in each property that means you can build up a portfolio of different property types and in different regions for that diversification. In addition, you get professional management of the jobs. The project owners send all equity or debt payouts through the platform and it has passed on to investors. .
Since these are longer-term projects, short-term market hiccups shouldnt impact them. Real estate prices may follow the economy a little check that but there is still that natural demand from homeowners and business customers so that affirms prices.
I surveyed property crowdfunding sites on returns and found that debt investments average around 9 percent while equity returns average 15% annually. I invest in property debt on PeerStreet and in debt. I enjoy investing on more than one platform since it gives me access to as many deals as you can. .
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Clients to the channel have likely already seen the videos on our next passive income idea, self-publishing. Ive been self-publishing on Amazon since 2015 and also have 10 books that averaged $1,857 a month this past year.
Before you think you cant write a novel, anyone can do this and it's so simple. In reality, self-publishing is a natural fit for bloggers since youre already writing the 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 every book and you can generate a new book every couple of months when youre really focused. The very best part about self-publishing is that once you have it published on Amazon, theres nothing left to perform. I spend about $20 per month on advertising for each publication and thats it. .