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The biggest key to success in this passive income source though, is to simply get started. There are factors like website age that play into getting ranked on Google and the sooner you get started, the better.
You can start your site for less than $5 per month using Blue Host and spend just a few hours a 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 begin your own blog. I was making a grand a month off 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 mainly passive income resource. .
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I spoke about this next passive income notion in a recent video on the five investments that let me make 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 real estate 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 secrets I learned more than 20 years as a real estate investor. Four steps to choose that can 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 prosperity as property.
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There are a couple problems with direct investment in real estate though. Its expensive to buy even a single house, a minimum of tens of thousands of bucks, and theres no way many investors can build a portfolio of different property types and in different regions to protect from those risks when you've got all 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 similar to 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 why not try here 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 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 property which means 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 system and it has passed on to investors. .
Since these are longer-term projects, short-term market hiccups shouldnt impact them. Real estate costs may follow the economy somewhat but there's still that natural demand from homeowners and business customers so that affirms costs.
I surveyed real estate crowdfunding sites on returns and found that debt investments average around 9 percent while equity returns average 15% annually. I invest in property debt on PeerStreet and in debt. I enjoy investing on more than one stage since it provides me access to as many deals as possible. .
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Subscribers 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 have 10 novels that averaged $1,857 per month this past year.
Before you think you cant write a novel, anyone can do this and it's really easy. In fact, 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 per month on every publication and you can generate a new book every couple of months when youre really focused. The very best thing about self-publishing is that once you get it published on Amazon, theres nothing left to perform. I spend roughly $20 per month on advertising for each publication and thats it. .