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The greatest key to success in this passive income source though, is to just 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 website for less than $5 per month with Blue Host and spend just a couple of hours every week to build 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 excess cash to start your own blog. I was making a grand a month away from my sites within a year of launching so even if your site isnt large enough to replace your work, a grand a month is still fairly nice to get a mostly passive income resource. .
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I talked about this next passive income idea in a recent video on the five investments that let me earn money while stocks were crashing. Remember that, back in February when the stock exchange plunged 10% within 2 months I came out ahead because I had property crowdfunding and p2p lending to smooth out my portfolio. .
Want to start in property investing Check out this video where I show the four keys I learned more than 20 years as a property investor. Four steps 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 spot 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 purchase even a single property, a minimum of tens of thousands of bucks, and theres no way most investors can create a portfolio of different land types and in different regions to protect from those dangers when you've got all 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 similar to a real estate investment trust in that it learn this here now retains a collection of possessions but much more like crowdfunding in its management. The fund has paid a 10% annualized return since inception and is a fantastic 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 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 property types.
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You can invest as little as $1,000 in each property which means you can develop a portfolio of different property types and in different regions for this diversification. In addition, you get professional management of those projects. The project owners send all debt or equity payouts throughout the system and it has passed on to investors. .
Since these are longer-term jobs, short-term economy hiccups shouldnt impact them. Real estate costs may occur after the economy somewhat but there's still that natural demand from homeowners and business customers so that affirms costs.
I researched property crowdfunding websites on returns and found that debt investments average around 9 percent while equity returns average 15% annually. I invest in real estate debt on PeerStreet and in debt. I like investing on more than one stage because it gives me access to as many deals as possible. .
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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 also have 10 books that averaged $1,857 a month last more year.
Before you think you cant write a book, anyone can do so and it is so easy. In reality, self-publishing is a natural match for bloggers because youre already writing this material. All you have to do is reformat it and turn it into a book for another income source.
Im making an average of $185 a month on every book and you can generate a new book every few months when youre really focused. The best part about self-publishing is that once you get it printed on Amazon, theres nothing left to perform. I spend roughly $20 per month on advertising for each book and thats it. .