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The greatest key to success in this passive income source though, is to simply get started. There are variables like site age that play into getting ranked on Google and the sooner you get started, the better.
You can start your website for less than $5 a month using Blue Host and spend only a few hours every 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 extra cash to start your blog. I had been making a grand a month away from my sites within a year of launching even if your site isnt large enough to replace your work, a grand per month is still pretty nice to get a mostly passive income source. .
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I spoke about this next passive income notion in a recent video on the five investments which let me earn money while stocks were crashing. Bear in mind that, back in February when the stock market plunged 10% within two weeks I came out ahead because I'd property crowdfunding and p2p lending to smooth out my portfolio. .
Want to get started in property investing Check out this movie where I show the four keys I learned more than 20 years as a property investor. Four measures to choose that can guarantee your success! See the movie 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 advantage 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 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 protect from those risks when you've got all of 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 retains a collection of properties but 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 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 those projects. The job owners send all equity or debt payouts through the system and it gets passed on to investors. .
Since these are longer-term jobs, short-term market hiccups shouldnt impact them. Real estate prices may occur after the economy a little but there's still that natural demand from homeowners and business users so that affirms prices.
I researched real estate crowdfunding websites on returns and found that debt investments average around 9% whilst equity returns average 15% annually. I invest in property debt on PeerStreet and in debt. I enjoy investing on more than one platform since it gives me access to as many deals as you can. .
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Clients 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 have 10 books that averaged $1,857 a month last year.
Before you think you cant write a novel, anyone can do click here for info so and important source it's really simple. In reality, self-publishing is a natural fit for bloggers since youre already writing this 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 per month on every book and you can generate a new book every few months if youre really concentrated. The very best part about self-publishing is that once you get it printed on Amazon, theres almost nothing left to do. I spend about $20 per month on advertising for each book and thats it. .