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The greatest secret to success in this passive income source however, is to simply begin. There are factors like site age that play into getting ranked on Google and the sooner you begin, the better.
You can start your website for less than $5 a month using Blue Host and spend just a couple of hours every week to build 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 begin your blog. I was making a grand a month off my websites within a year of launching even if your site isnt big enough to replace your work, a grand a month is still fairly 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 thatback in February when the stock exchange plunged 10% within two months I came out ahead because I had property crowdfunding and p2p lending to smooth out my portfolio. .
Want to start in real estate investing Check out this movie where I reveal the four secrets I learned more than 20 years as a property investor. Four steps to take that will 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 property has always had a special place in my portfolio. No other advantage has created as much long-term wealth 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 house, a minimum of tens of thousands of bucks, and theres no way many investors can build a portfolio of different property types and in different regions to shield from these risks when you have 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 holds a collection of properties but much more like crowdfunding in its management. The fund has paid a 10% annualized return since inception and is a fantastic way to increase 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 real estate types.
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You can invest as little as $1,000 in every property which means you can build up a portfolio of different property types and in different areas for this diversification. You also get professional management of the jobs. The project owners send all equity or debt payouts through the system and it has passed on to investors. .
Since these are longer-term jobs, short-term economy hiccups shouldnt impact them. Real estate prices may follow the economy somewhat but there is still that natural demand from homeowners and business customers so that supports costs.
I researched real estate crowdfunding sites on returns and found that debt investments average around 9% whilst equity returns average 15 percent annually. I invest in property debt on PeerStreet and in debt. I enjoy investing on more than one stage since it gives 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 notion, 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 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 content. All you need to do is reformat it and turn it into a investigate this site book for another income source.
Im making an average of $185 a month on each book 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 get it published on Amazon, theres nothing left to do. I spend roughly $20 per month on advertising for each publication and thats it. .