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The greatest secret to success in this passive income source though, is to just get started. There are variables like website age that play into getting ranked on Google and the sooner you get started, the better.
You can begin your website for less than $5 per month with Blue Host and spend just 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 money to begin your blog. I had been making a grand a month away from my sites within a year of launching even though your blog isnt big enough to replace your work, a grand per month remains fairly nice for a mainly passive income resource. .
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I talked about this next passive income notion in a recent video on the five investments which helped me earn 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 property investing Check out this movie where I reveal the four secrets I learned more than 20 years as a real estate investor. Four steps to take that can 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 property has always had a special place in my portfolio. No other asset has created as much long-term wealth as land.
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There are a couple problems with direct investment in real estate however. Its expensive to purchase even a single property, a minimum of tens of thousands of dollars, and theres no way many investors can build 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 possessions but more like crowdfunding in its own management. The fund has paid a 10% annualized return since inception and is a fantastic way to increase your real estate exposure. .
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The stREITwise 1st stREIT Office REIT invests in high-quality office properties and as of the date of this 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 develop a portfolio of different property types and in different regions for this diversification. In addition, you get professional management of the jobs. The job owners send all debt or equity payouts throughout the platform and it has passed on to investors. .
Since these are longer-term jobs, short-term market hiccups shouldnt affect them. Real estate costs may follow the economy a little but there is still that natural demand from homeowners and business customers so that supports prices.
I surveyed 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 like investing on more than one my blog stage 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 movies 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 this past year.
Before you think you cant write a book, anyone can do this and it's really easy. In reality, self-publishing is a natural match for bloggers since youre already writing the content. All you have 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 generate a new book every few months if youre really focused. The best part about self-publishing is that once you have it published on Amazon, theres almost nothing left to do. I spend about $20 a month on advertising for every book and thats it. .