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The greatest secret to success in this passive income source however, is to just begin. There are variables like website age that play into getting ranked on Google and the sooner you begin, the better.
You can begin your site for less than $5 per month with Blue Host and spend only a few hours every week to assemble 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 cash to begin your blog. I had been making a grand a month away from my websites within a year of launching even if your blog isnt big enough to replace your job, a grand per month remains pretty nice to get a mostly passive income source. .
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I spoke about this next passive income notion in a recent movie on the five investments that 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 had property crowdfunding and p2p lending to smooth out my portfolio. .
Want to get started in real estate investing Check out this movie where I show the four secrets 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 generated 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 buy even a single property, a minimum of tens of thousands of dollars, 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 your money in only 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 properties but 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 obtained or managed over $5.4 billion in pop over to this web-site property and across all real estate types.
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You can invest as little as $1,000 in each property that means that you can build up a portfolio of different property types and in different areas for that diversification. click for more In addition, you get professional management of those projects. The project owners send all debt or equity payouts throughout 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 a little but there is still that natural demand from homeowners and commercial customers so that affirms costs.
I researched real estate 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 like 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 also have 10 novels that averaged $1,857 per month this past year.
Before you think you cant write a book, anyone can do this and it is really easy. In fact, self-publishing is a natural fit for bloggers because youre already writing this material. All you need to do is reformat it and turn it into a publication for another income source.
Im making an average of $185 a month on each book and you can generate a new book every couple of months when youre really concentrated. The best part about self-publishing is that once you have it published on Amazon, theres almost nothing left to do. I spend roughly $20 per month on advertising for each book and thats it. .