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The greatest secret to success in this passive income source however, is to simply 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 website for less than $5 a month with Blue Host and spend just a couple of 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 special offer by Blue Host below. Dont wait until you need the extra cash to start your own blog. I had been making a grand a month off my sites within a year of launching even though your site isnt big enough to replace your job, a grand per month remains pretty nice for a mainly passive income resource. .
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I talked about this next passive income idea in a recent video on the five investments which helped 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'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 secrets I learned over 20 years as a real estate investor. Four measures to take that will guarantee your success! Watch 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 of problems with direct investment in real estate though. Its expensive to purchase even a single house, a minimum of tens of thousands of bucks, and theres no way many investors can create a portfolio of different property types and in different regions to protect from those dangers when you've got all 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 holds a collection of properties but much more like crowdfunding in its management. The fund has paid a recommended you read 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 this video, has paid a 10% annualized dividend. The fund is managed by seasoned real estate professionals who have obtained or managed over $5.4 billion in land and across all property types.
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You can invest as little as $1,000 in every property which means you can develop a portfolio of different property types and in different regions for that diversification. You also get professional management of those jobs. The job owners send all debt or equity payouts through the system and it gets passed on to investors. .
Since these are longer-term jobs, short-term economy hiccups shouldnt impact them. Real estate costs may occur after the check my reference economy somewhat but there's still that natural demand from homeowners and commercial customers so that supports prices.
I researched property crowdfunding sites on returns and found that debt investments average around 9 percent whilst equity returns average 15 percent annually. I invest in property debt on PeerStreet and in debt. I like investing on more than one stage because it provides me access to as many deals as possible. .
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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 also have 10 novels that averaged $1,857 a month last year.
Before you think you cant write a novel, anyone can do this and it is so simple. In fact, self-publishing is a natural fit for bloggers because youre already writing this material. All you have to do is reformat it and turn it into a publication for another income source.
Im making an average of $185 a month on every book and you can produce a new book every few months if youre really concentrated. The very best part about self-publishing is that once you get it published on Amazon, theres almost nothing left to perform. I spend about $20 per month on advertising for each publication and thats it. .