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The greatest key to success in this passive income source though, is to simply get started. There are factors like site age that play into getting ranked on Google and the sooner you get started, the better.
You can begin your site for less than $5 per month using Blue Host and spend just a couple of hours every week to assemble 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 away from my sites within a year of launching so even if your site isnt big enough to replace your job, a grand a month remains pretty nice to get a mostly passive income resource. .
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I talked about this next passive income idea in a recent video on the five investments that helped me earn money while stocks were crashing. Bear in mind thatback in February when the stock market plunged 10% within two months I came out ahead because I'd real estate crowdfunding and p2p lending to smooth out my portfolio. .
Want to start in real estate investing Check out this video where I show the four keys I learned over 20 years as a real estate investor. Four steps to choose that will 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 property has always had a special place in my portfolio. No other asset has created as much long-term prosperity as land.
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There are a couple 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 build a portfolio of different property types and in different regions to protect from these dangers 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 like 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 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 the video, has paid a 10% annualized dividend. The fund is managed by seasoned real estate professionals who have acquired 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 regions for that diversification. In addition, you get professional management of those jobs. The job owners send all debt or equity payouts throughout the system and it gets visit the site passed on to investors. .
Since these are longer-term jobs, short-term economy hiccups shouldnt affect them. Real estate costs 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 property crowdfunding websites on returns and found that debt investments average around 9% 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 platform since it gives me access to as many deals as you can. .
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Subscribers to the channel have likely already seen the videos on our next passive income notion, self-publishing. Ive been self-publishing on Amazon since 2015 and have 10 books that averaged $1,857 per month last year.
Before you think you cant write a novel, anyone can do this and it is really easy. In fact, self-publishing is a natural fit for bloggers because youre already writing this content. All you have check my site to do is reformat it and turn it into a book for another income source.
Im making an average of $185 per 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 check my reference once you get it published on Amazon, theres nothing left to do. I spend roughly $20 per month on advertising for each publication and thats it. .