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The biggest secret to success in this passive income source though, is to simply begin. There are factors like website age that play into getting ranked on Google and the sooner you begin, the better.
You can start your site for less than $5 a month with Blue Host and spend only a couple of hours a 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 excess cash to begin your blog. I had been making a grand a month off my sites within a year of launching so even though your blog isnt large enough to replace your job, a grand per 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 which helped me make money while stocks were crashing. Bear in mind thatback in February when the stock exchange plunged 10% within two months I came out ahead because I had real estate crowdfunding and p2p lending to smooth out my portfolio. .
Want to get started in real estate investing Check out this movie where I show the four secrets I learned more than 20 years as a property investor. Four measures to take that can guarantee your success! Watch the video 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 however. Its expensive to buy even a single property, a minimum of tens of thousands of bucks, and theres no way most investors can build a portfolio of different property types and in different regions to shield from those dangers when you have 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 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 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 this video, has paid a 10% annualized dividend. The fund is managed by seasoned real estate professionals who have acquired 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 regions for this diversification. You also get professional management of the jobs. The job owners send all debt or equity payouts through 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 business customers so that supports prices.
I surveyed real estate crowdfunding websites on returns and found that debt investments average around 9% whilst 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 since it gives me access to as many deals as you websites can. .
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Subscribers to the channel have likely already seen the videos on our next passive income notion, self-publishing. Ive been self-publishing on Amazon since 2015 and 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 so simple. click here to find out more In reality, self-publishing is a natural match for bloggers because youre already writing this content. All you have to do see page is reformat it and turn it into a book for another income source.
Im making an average of $185 per month on each book and you can produce a new book every few months if youre really concentrated. The very best part about self-publishing is that once you have it printed on Amazon, theres almost nothing left to do. I spend roughly $20 per month on advertising for each publication and thats it. .