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The biggest secret to success in this passive income source though, is to just begin. There are factors like site 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 a month using Blue Host and spend just a few 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 particular offer by Blue Host below. Dont wait until you need the excess 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 big enough to replace your job, a grand per month remains fairly nice for a mainly passive income source. .
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I talked about this next passive income idea in a recent movie 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 property crowdfunding and p2p lending to smooth out my portfolio. .
Want to start in real estate investing Check out this video where I reveal the four keys I learned over 20 years as a real estate investor. Four steps to choose that will guarantee your success! Watch the movie below 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 asset has generated as much long-term prosperity as land.
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There are a couple problems with direct investment in real estate however. 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 shield from these risks when you've got all of 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 see post real estate investment trust in that it 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 great 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 acquired 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 each property that means you can develop a portfolio of different property types and in different areas for this diversification. You also get professional management of the jobs. The job 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 affect them. Real estate costs may occur after the economy somewhat but there is still that natural demand from homeowners and business users so that affirms prices.
I surveyed property crowdfunding their website websites on returns and found that debt investments average around 9 percent whilst equity returns average 15% original site 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 possible. .
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Subscribers to the channel have probably already seen the videos on our next passive income idea, self-publishing. Ive been self-publishing on Amazon since 2015 and have 10 books that averaged $1,857 a month this past year.
Before you think you cant write a novel, anyone can do this and it is so easy. In reality, self-publishing is a natural match for bloggers because youre already writing this content. 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 each book and you can generate a new book every couple of months if youre really focused. The very best part about self-publishing is that once you get it printed on Amazon, theres nothing left to do. I spend about $20 per month on advertising for every book and thats it. .