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The biggest secret to success in this passive income source however, is to just get started. There are factors like website age that play into getting ranked on Google and the sooner you begin, the better.
You can begin your website for less than $5 per month with Blue Host and spend only a few hours a 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 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 blog isnt big enough to replace your work, a grand per month is still pretty nice for a mainly passive income source. .
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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. Remember that, back 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 start in real estate investing Check out this movie where I show the four keys I learned more than 20 years as a property investor. Four measures to take that can guarantee your success! See 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 advantage has generated as much long-term wealth as land.
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There are a couple of problems with direct investment in real estate however. Its expensive to purchase even a single house, a minimum of tens of thousands of bucks, and theres no way many investors can create a portfolio of different land types and in different regions to shield from those dangers when you've got all 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 retains 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 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 my response seasoned real estate professionals who have acquired or managed over $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 you can develop a portfolio of different property types and in different areas for that diversification. You also get professional management of the projects. The job owners send all equity or debt payouts throughout the system and it has passed on to investors. .
Since these are longer-term projects, short-term market hiccups shouldnt impact them. Real estate costs may follow the economy a little but there's still that natural demand from homeowners and commercial users so that affirms prices.
I researched property crowdfunding websites 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 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 videos on our next passive income idea, 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 novel, anyone can do this and it is really simple. In fact, self-publishing is a natural fit for bloggers since youre already writing this content. 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 focused. The best thing about self-publishing is that once you have it published on Amazon, theres nothing left to do. I spend roughly $20 a month on advertising for each publication and thats it. .