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The greatest secret to success in this passive income source however, is to just begin. There are variables like site age that play into getting ranked on Google and the sooner you get started, the better.
You can begin your website for less than $5 per month with Blue Host and spend only 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 extra money to start your own blog. I was making a grand a month off my sites within a year of launching so even if your site isnt big enough to replace your job, a grand a month is still pretty nice to get a mostly passive income source. .
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I talked about this next passive income notion in a recent movie on the five investments that 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 had 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 show the four secrets I learned over 20 years as a real estate investor. Four measures to take that can guarantee your success! See the video below on YouTube.
I began 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 generated as much long-term wealth as property.
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There are a couple problems with direct investment in real estate though. Its expensive to purchase even a single property, a minimum of tens of thousands of dollars, and theres no way many investors can build a portfolio of different land types and in different regions to shield from those risks when you've got all your money in just 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 retains a collection of possessions but much more like crowdfunding in its own management. The fund has paid a 10% annualized return since inception and is a great way to increase 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 who have acquired or managed over $5.4 billion in land and across all real estate types.
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You can invest as little as $1,000 in each property which means that you can develop a click here for more info portfolio of different property these details types and in different regions for this diversification. In addition, you get professional management of those projects. The job owners send all equity or debt payouts through the platform and it has passed on to investors. .
Since these are longer-term projects, short-term economy hiccups shouldnt impact them. Real estate costs may follow the economy somewhat but there is still that natural demand from homeowners and commercial users so that supports costs.
I surveyed real estate crowdfunding websites on returns and found that debt investments average around 9 percent whilst equity returns average 15 percent annually. I invest in real estate debt on PeerStreet and in debt. I enjoy investing on more than one stage since it gives 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 have 10 novels that averaged $1,857 per month last 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 fit 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 every publication and you can produce a new book every couple of months when youre really concentrated. The best part about self-publishing is that once you have it printed on Amazon, theres almost nothing left to do. I spend roughly $20 a month on advertising for each book and thats it. .