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The greatest secret to success in this passive income source though, is to just get started. There are variables like website 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 per month using Blue Host and spend just a few hours every 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 extra money to begin your own blog. I had been making a grand a month off my sites within a year of launching even though your blog isnt big enough to replace your work, 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 idea in a recent movie on the five investments which helped me make money while stocks were crashing. Remember thatback in February when the stock exchange plunged 10% within 2 weeks I came out ahead because I had property crowdfunding and p2p lending to smooth out my portfolio. .
Want to start in real estate investing Check out this movie where I reveal the four secrets I learned over 20 years as a property investor. Four measures to choose that can guarantee your success! See the movie 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 spot 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 though. Its expensive to buy even a single property, a minimum of tens of thousands of bucks, and theres no way many investors can create a portfolio of different land types and in different regions to protect from those risks when you have all of 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 more like crowdfunding in its management. The fund has paid a 10% annualized return since inception and is a fantastic 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 this date of the 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 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 areas for this diversification. You also get professional management of those projects. 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 prices may follow the economy somewhat but there is still that natural demand from homeowners and commercial customers so that supports costs.
I researched real estate crowdfunding sites on returns and found that debt investments average around 9 percent while equity returns average 15% annually. I invest in property debt on PeerStreet and in debt. I like investing on more than one platform since it provides 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 also have 10 novels that averaged $1,857 per month this past year.
Before you think you cant write a novel, anyone can do so and it's really easy. In reality, self-publishing is a natural fit for bloggers since youre already writing the material. All you need to do is reformat it and turn it into a book for another income source.
Im making an average of $185 a month on each book and you can produce a new book every couple of months if youre really focused. The best part about self-publishing is that once you get it published on Amazon, theres almost nothing left to perform. I spend roughly $20 a month on advertising for every book and thats it. .