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The biggest secret to success in this passive income source though, is to simply 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 begin your website for less than $5 a month using Blue Host and spend just a couple of hours a 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 excess money to start your blog. I had been making a grand a month away from my websites within a year of launching so even though your site isnt big enough to replace your work, a grand a month remains fairly nice for a mostly passive income resource. .
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I talked about this next passive income notion in a recent movie on the five investments that helped me make money while stocks were crashing. Bear in mind that, back in February when the stock market plunged 10% within two months 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 show the four secrets I learned more than 20 years as a real estate investor. Four steps to choose that can guarantee your success! See 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 asset 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 buy even a single house, 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 shield from these dangers when you've got all of 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 like a real estate investment trust in that it retains a collection of properties but 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 property 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 that have obtained or managed over $5.4 billion in land and across all real estate types.
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You can invest as little as $1,000 in each property which means that you can build up a portfolio of different property types and in different areas for this diversification. In addition, you get professional management of those projects. The job owners send all equity or debt payouts throughout the platform and it has passed on to investors. .
Since these Home Page are longer-term jobs, short-term market hiccups shouldnt impact them. Real estate prices may follow the economy a little but there's still that natural demand from homeowners and commercial customers so that affirms prices.
I researched real estate crowdfunding websites on returns and found that debt investments average around 9 percent whilst equity returns average 15% annually. I invest in real estate debt on PeerStreet and in debt. I enjoy investing on more than one platform because it provides 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 idea, self-publishing. Ive been self-publishing on Amazon since 2015 and have 10 books that averaged $1,857 a month this past year.
Before you think you cant write a novel, anyone can do this and it is so simple. In reality, self-publishing is a natural fit for bloggers because youre already writing the content. 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 every book and you can produce a new book every few months when youre really focused. The best part about self-publishing is that once you get it printed on Amazon, theres nothing left to Homepage do. I spend roughly $20 a month on advertising for each book and thats it. .