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The biggest key to success in this passive income source however, is to simply get started. There are variables 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 a month using 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 own blog. I had been making a grand a month off my sites within a year of launching even if your blog isnt large enough to replace your work, a grand a month is still fairly nice to get a mainly passive income resource. .
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I spoke about this next passive income idea in a recent movie on the five investments which helped me earn 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 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 over 20 years as a property investor. Four measures to choose that can guarantee your success! See the movie 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 spot in my portfolio. No other asset 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 buy even a single property, a minimum of tens of thousands of dollars, and theres no way many investors can build a portfolio of different land types and in different regions to shield from those dangers when you have all of your find out money in just 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 holds 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 property 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 property and across all real estate types.
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You can invest as little as $1,000 in each property that means that you can build up a portfolio of different property types and in different areas for this diversification. In addition, you get professional management of the jobs. The job owners send all equity or debt payouts throughout the system and it gets passed on to investors. .
Since these are longer-term jobs, short-term market hiccups shouldnt impact them. Real estate costs may occur after the economy somewhat but browse this site there's still that natural demand from homeowners and commercial customers so that affirms prices.
I researched real estate crowdfunding sites on returns and found that debt investments average around 9 percent while equity returns average 15 percent annually. I invest in property debt on PeerStreet and in debt. I enjoy investing on more than one platform since it gives me click resources access to as many deals as you can. .
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Subscribers to the channel have likely 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 this past year.
Before you think you cant write a book, anyone can do so and it's really easy. In reality, self-publishing is a natural match for bloggers because youre already writing this content. All you have to do is reformat it and turn it into a publication for another income source.
Im making an average of $185 per month on each publication and you can generate 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. .