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The biggest secret to success in this passive income source however, is to just get started. There are variables like site age that play into getting ranked on Google and the sooner you begin, the better.
You can begin your site for less than $5 a month with Blue Host and spend only a couple of hours every week to assemble 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 extra money to start your own blog. I had been making a grand a month off my sites within a year of launching even if your site isnt large enough to replace your work, a grand a month remains pretty nice for a mainly passive income resource. .
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I spoke about this next passive income idea in a recent video on the five investments that 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'd real estate 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 real estate investor. Four measures to take that can guarantee your success! Watch the movie below 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 spot in my portfolio. No other asset has generated as much long-term prosperity as property.
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There are a couple of 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 create a portfolio of different land types and in different regions to protect from those risks when you have all of 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 like a real estate investment trust in that it retains a collection of properties but 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 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 that 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 that means you can build up a portfolio of different property types and in different areas for this diversification. In addition, you get professional management of those projects. The job owners send all equity or debt payouts throughout the system and it gets passed on to investors. .
Since these are longer-term jobs, short-term economy hiccups shouldnt impact them. Real estate prices may occur after the economy somewhat but view publisher site there is still that natural demand from homeowners and business users 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 percent annually. I invest in real estate debt on PeerStreet and in debt. I like investing on more than one stage since it gives me access to as many deals as you can. .
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Subscribers 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 a month this past year.
Before you think you cant write a book, anyone can do so and it is really easy. In reality, self-publishing is a natural fit for bloggers since youre already writing the content. All you look these up have 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 focused. The very best part about self-publishing is that once you have it published on Amazon, theres nothing left to perform. I spend roughly $20 per month on advertising for each book and thats it. .