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The greatest key to success in this passive income source though, is to just get started. There are factors like site age that play into getting ranked on Google and the sooner you begin, the better.
You can start your site for less than $5 per month with Blue Host and spend just a few 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 particular offer by Blue Host below. Dont wait until you need the excess cash to start your own blog. I was making a grand a month away from my sites within a year of launching so even if your blog isnt large enough to replace your work, a grand a month remains fairly nice to get a mostly passive income source. .
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I talked about this next passive income notion in a recent video on the five investments that let me make money while stocks were crashing. Bear in mind that, back in February when the stock market 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 video where I show the four secrets I learned over 20 years as a property investor. Four measures to take that can guarantee your success! See 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 generated as much long-term prosperity as land.
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There are a couple of problems with direct investment in real estate however. Its expensive to buy even a single house, 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 shield from those risks 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 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 great 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 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 property 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 jobs. The job owners send all debt or equity payouts throughout the system and it has passed on to investors. .
Since these are longer-term jobs, short-term economy hiccups shouldnt affect them. Real estate costs may occur after the economy a little but there is still that natural demand from homeowners and business customers so that supports prices.
I researched try this site property crowdfunding sites on returns and found that debt investments average around 9% while equity returns average 15 percent 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 you can. .
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Clients to the channel have probably already seen the movies on our next passive income idea, self-publishing. Ive been self-publishing on Amazon since 2015 and have 10 novels that averaged $1,857 per month last year.
Before you think you cant write a novel, anyone can do so and it's really simple. In reality, self-publishing is a natural match for bloggers because youre already writing the material. All you have to do is reformat it and turn it into a book for another income source.
Im making an average of $185 a month on every publication and you can produce a new book every couple of months when youre really concentrated. The very best thing 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. .