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The biggest secret to success in this passive income source however, is to simply begin. There are factors like site age that play into getting ranked on Google and the sooner you get started, the better.
You can begin your site for less than $5 a month using Blue Host and spend only a couple of hours a 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 money to start your own blog. I was making a grand a month away from my websites within a year of launching so even though your site isnt large enough to replace your job, a grand a month is still pretty nice to get 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 which let me earn money while stocks were crashing. Bear in mind that, back in February when the stock exchange plunged 10% within 2 weeks I came out ahead because I had real estate crowdfunding and p2p lending to smooth out my portfolio. .
Want to start in property investing Check out this video where I reveal the four keys I learned over 20 years as a property investor. Four steps to take that will guarantee your success! Watch the video below on YouTube.
I started 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 buy even a single house, a minimum of tens of thousands of dollars, and theres no way many investors can create a portfolio of different property types and in different regions to protect from those dangers when you've got all of your money in only one or two investments. .
StREITwise offers a hybrid investment between traditional REIT fund investing and the new crowdfunding. The fund is like a real estate investment trust in that it holds a collection of properties but much more like crowdfunding in its own 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 Discover More 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 who have obtained or managed around $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 which means 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 equity or debt payouts throughout the platform and it has passed on to investors. .
Since these are longer-term jobs, short-term economy hiccups shouldnt affect them. Real estate prices may follow the economy somewhat but there's still that natural demand from homeowners and commercial customers so that supports costs.
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 like investing on more than one platform because it provides me access to as many deals as possible. .
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Clients 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 also have 10 books that averaged $1,857 a month last year.
Before you think you cant write a book, anyone can do this and it is really easy. In reality, self-publishing is a natural match for bloggers since youre already writing the material. All you need to do is reformat it and turn it into a publication for another income source.
Im making an average of $185 per month on every book and you can produce a new book every couple of months when youre really concentrated. 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 per month on advertising for each book and thats it. .