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The biggest key to success in this passive income source though, is to just 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 website for less than $5 per month using Blue Host and spend only a few hours a 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 excess money to start your blog. I was making a grand a month away from my websites within a year of launching even if your site isnt big enough to replace your job, a grand a month remains 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 which helped me make money while stocks were crashing. Remember that, back in February when the stock market 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! See the movie here on YouTube.
I started 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 advantage has created as much long-term wealth as land.
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There are a couple of problems with direct investment in real estate however. Its expensive to purchase even a single property, a minimum of tens of thousands of bucks, and theres no way most investors can build a portfolio of different property types and in different regions to protect from those dangers when you've got all of your money in only one or link 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 possessions but more like crowdfunding in its management. The fund has paid a 10% annualized return since inception and is a fantastic 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 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 property and across all real estate types.
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You can invest as little as $1,000 in browse around this site each 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 the projects. The job owners send all equity or debt payouts throughout the platform and it gets passed on to investors. .
Since these are longer-term projects, short-term economy hiccups shouldnt affect them. Real estate costs may occur after the economy a little but there is still that natural demand from homeowners and commercial customers so that supports costs.
I researched property crowdfunding sites on returns and found that debt investments average around 9% while equity returns average 15% annually. I invest in real estate debt on PeerStreet and in debt. I enjoy investing on more than one stage since it provides me access to as many deals as you can. .
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Clients to the channel have probably already seen the movies Visit Website on our next passive income idea, self-publishing. Ive been self-publishing on Amazon since 2015 and also have 10 books 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 match for bloggers since 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 per month on each publication and you can produce a new book every few months if youre really concentrated. The best thing about self-publishing is that once you have it published on Amazon, theres nothing left to perform. I spend roughly $20 a month on advertising for each book and thats it. .