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The greatest secret to success in this passive income source though, is to simply begin. 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 a month using Blue Host and spend only a couple of hours every week to build it while you wait for it to start 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 start your blog. I was making a grand a month away from my sites within a year of launching even though your blog isnt large enough to replace your work, a grand a month is still fairly nice to get a mostly passive income source. .
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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 market plunged 10% within two months I came out ahead because I'd real estate crowdfunding and p2p lending to smooth out my portfolio. .
Want to start in property investing Check out this movie where I show the four secrets I learned over 20 years as a property investor. Four steps to take that will guarantee your success! See the video 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 created as much long-term prosperity as property.
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There are a couple problems with direct investment in real estate though. Its expensive to purchase even a single house, a minimum of tens of thousands of dollars, and theres no way most investors can build a portfolio of different land types and in different regions to protect from these dangers when you've got all of your money in just one or two investments. .
StREITwise provides a hybrid investment between traditional REIT fund investing and the new hop over to here crowdfunding. The fund is similar to a real estate investment trust in that it retains a collection of possessions but 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 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 over $5.4 billion in property and across all real estate types.
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You can invest as little as $1,000 in each property which means you can develop a portfolio of different property types and in different regions for this diversification. In addition, you get professional management of those projects. The project owners send all debt or equity payouts through the system and it gets passed on to investors. .
Since these are longer-term projects, short-term economy hiccups shouldnt impact them. Real estate prices may follow the economy a little 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 percent whilst 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 probably already seen the videos on he said our next passive income idea, self-publishing. Ive been self-publishing on Amazon since 2015 and also have 10 novels that averaged $1,857 a month last year.
Before you think you cant write a novel, anyone can do so and it is really easy. In reality, self-publishing is a natural fit for bloggers since 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 every book and you can generate a new book every few months if youre really concentrated. The very best part about self-publishing is that once you have it published on Amazon, theres almost nothing left to perform. I spend about $20 per month on advertising for every book and thats it. .