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The biggest secret to success in this passive income source however, is to simply get started. There are factors 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 per month with Blue Host and spend just a few 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 cash to begin your blog. I had been making a grand a month away from my sites within a year of launching so even if your blog isnt big enough to replace your job, a grand per month remains pretty nice for 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 that let me earn money while stocks were crashing. Remember thatback in February when the stock exchange plunged 10% within 2 months 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 show the four secrets I learned over 20 years as a real estate investor. Four measures to take that can guarantee your success! See the movie here 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 advantage has created as much long-term prosperity as property.
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There are a couple of problems with direct investment in real estate however. Its expensive to buy even a single property, a minimum of tens of thousands of bucks, and theres no way many investors can build 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 similar to 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 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 the date of the video, has paid a 10% annualized dividend. The fund is managed by seasoned real estate professionals that 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 each property which means that you can build up a portfolio of different property types and in different regions for this diversification. You also get professional management of the jobs. The job owners send all equity or debt payouts throughout the platform and it gets passed on to investors. .
Since these are longer-term projects, short-term economy hiccups shouldnt impact them. Real estate costs may follow the economy somewhat web link but there is still that natural demand from homeowners and business users so that affirms prices.
I surveyed property crowdfunding websites on returns and found that debt investments average around 9% while equity returns average 15% annually. I invest in property debt on PeerStreet and in debt. I like investing on more than one stage since it provides me access to as many deals as possible. .
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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 have 10 books that averaged $1,857 per month this past year.
Before you think you cant write a book, anyone can do this and it's so easy. In fact, self-publishing is a natural match for bloggers because youre already writing this 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 few months if youre really focused. The best thing about self-publishing is that once you have it printed on Amazon, theres nothing left to do. I spend roughly $20 a month on advertising for each book and thats it. .