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The biggest key to success in this passive income source however, is to simply get started. There are variables 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 only a few 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 particular offer by Blue Host below. Dont wait until you need the excess money to start your blog. I had been making a grand a month off my websites within a year of launching even though your blog isnt big enough to replace your work, a grand per month is still fairly nice to get a mostly passive income resource. .
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I spoke about this next passive income notion 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 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 property investing Check out this movie where I reveal the four keys I learned more than 20 years as a real estate investor. Four steps to take that can guarantee your success! Watch the movie here 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 place in my portfolio. No other advantage has generated as much long-term wealth 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 property, a minimum of tens of thousands of dollars, and theres no way many investors can create a portfolio of different property types and in different regions to protect from these risks when you've got all your money in only one or two investments. .
StREITwise offers a hybrid investment between traditional REIT fund investing and the new crowdfunding. The fund is like a real estate investment trust in that it retains a collection of properties 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 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 land and across all real estate types.
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You can invest as little as $1,000 in every property which means you can build up a portfolio of different property types and in different regions for that diversification. In addition, you get professional management of the jobs. The project owners send all debt or equity payouts through the platform and it gets passed on to investors. .
Since these are longer-term projects, short-term economy hiccups shouldnt impact them. Real estate costs may occur after the economy a little but there's still that natural demand from homeowners and business customers so that supports costs.
I surveyed real estate crowdfunding websites on returns and found that debt investments average around 9 percent while equity returns average 15 percent annually. I invest in real estate debt on PeerStreet and in debt. I like investing on more than one platform because it provides me access to as many deals as you can. .
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Clients 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 also have 10 books that averaged $1,857 a month this past year.
Before you think you cant write a book, anyone can do so and it is really simple. In reality, self-publishing is a natural fit for bloggers since youre already writing this material. All about his you need to do is reformat it and turn it into a publication for another income source.
Im making an average of $185 per month on every publication and you can produce a new book every couple of months when youre really concentrated. The best thing about self-publishing is that once you get it printed on Amazon, theres nothing left to do. I spend roughly $20 per month on advertising for each book and thats it. .