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The greatest secret to success in this passive income source however, is to just begin. There are factors like website age that play into getting ranked on Google and the sooner you get started, the better.
You can begin your website for less than $5 a month with Blue Host and spend just a few 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 particular offer by Blue Host below. Dont wait until you need the extra cash to begin your own 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 job, a grand a month is still fairly nice to get a mostly passive income source. .
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I talked about this next passive income notion in a recent movie on the five investments which let me make money while stocks were crashing. Remember thatback in February when the stock market plunged 10% within two weeks 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 video where I reveal the four keys I learned more than 20 years as a property investor. Four measures to choose that will guarantee your success! See the video here on YouTube.
I started my professional career as a commercial real estate analyst and Ive managed my own rental properties so real estate has always had a special place in my portfolio. No other asset has created as much long-term wealth as property.
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There are a couple problems with direct investment in real estate though. Its expensive to purchase 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 risks when you've got all of your money in just 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 retains a collection of possessions but 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 seasoned real estate professionals who have acquired 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 every property which means that you can develop a portfolio of different property types and in different areas for this diversification. In addition, you 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 jobs, short-term market hiccups shouldnt impact them. Real estate costs may follow the economy somewhat but there is still that natural demand from homeowners and commercial customers so that supports costs.
I surveyed real estate crowdfunding websites on returns and found that debt investments average dig this around 9% whilst equity returns average 15% annually. I invest in property debt on PeerStreet and in debt. I like investing on more than one stage because it gives me 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 notion, self-publishing. Ive been self-publishing on Amazon since 2015 and also have 10 novels that averaged $1,857 a month this past year.
Before you think you cant write a novel, anyone can do so and it's really easy. In fact, self-publishing is a natural fit for bloggers because youre already writing this material. All you need to do is reformat it and turn it into a book for another income source.
Im making an average of $185 per month on every book and you can generate Read Full Article a new book every couple of months when youre really focused. The best part about self-publishing is that once you get it printed on Amazon, theres almost nothing left to perform. I spend roughly $20 a month on advertising for each publication and thats it. .