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The biggest secret to success in this passive income source however, is to just begin. There are variables like site age that play into getting ranked on Google and the sooner you begin, the better.
You can start your site for less than $5 per month using Blue Host and spend only 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 extra money to begin your own blog. I was making a grand a month away from my websites within a year of launching so even if your site isnt big enough to replace your work, a grand per 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 helped me earn money while stocks were crashing. Remember that, back in February when the stock exchange plunged 10% within two months I came out ahead because I'd 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 keys I learned over 20 years as a real estate investor. Four steps to choose that can guarantee your success! Watch 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 place in my portfolio. No other asset has generated as much long-term prosperity as property.
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There are a couple problems with direct investment in real estate however. Its expensive to buy even a single house, a minimum of tens of thousands of dollars, and theres no way most investors can create a portfolio of different land types and in different regions to shield from those dangers when you've got all of your money in only one or two investments. .
StREITwise provides 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 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 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 around $5.4 billion in property and across all property types.
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You can invest as little as $1,000 in every sites property that means that you can develop a portfolio of different property types and in different regions for this diversification. You also get professional management of the projects. The project owners send all debt or equity payouts throughout the platform and it has passed on to investors. .
Since these are longer-term projects, short-term market hiccups shouldnt affect them. Real estate prices may follow the economy a little but there is still that natural demand from homeowners and business customers so that affirms costs.
I researched property crowdfunding sites on returns and found that debt investments average around 9% while equity returns average 15% look at here now annually. I invest in real estate debt on PeerStreet and in debt. I like investing on more than one stage since it provides me access to Continued as many deals as possible. .
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Subscribers to the channel have probably already seen the movies 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 per month last year.
Before you think you cant write a novel, anyone can do this and it is so easy. In fact, self-publishing is a natural fit for bloggers because youre already writing the material. All you need to do is reformat it and turn it into a publication for another income source.
Im making an average of $185 a month on each book and you can produce a new book every few months if youre really concentrated. The best part about self-publishing is that once you get it printed on Amazon, theres nothing left to do. I spend roughly $20 per month on advertising for every publication and thats it. .