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The biggest key to success in this passive income source however, is to just get started. There are factors 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 with Blue Host and spend just a couple of 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 cash to start your own blog. I had been making a grand a month off my websites within a year of launching so even if your blog isnt large enough to replace your job, a grand per month remains pretty nice for 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. Bear in mind thatback in February when the stock market 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 real estate investing Check out this video where I show the four keys I learned over 20 years as a real estate investor. Four measures to take that can guarantee your success! See the video here 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 advantage has generated as much long-term prosperity as property.
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There are a couple problems with direct investment in real estate however. Its expensive to buy even a single house, a minimum of tens of thousands of bucks, and theres no way most investors can build 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 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 holds 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 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 this video, has paid a 10% annualized he said dividend. The fund is managed by seasoned real estate professionals that 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 each property which means you can build up a portfolio of different property types and in different areas for this diversification. In visit this site addition, you get professional management of those jobs. The job owners send all debt or equity payouts through the system and it gets passed on to investors. .
Since these are longer-term jobs, short-term market hiccups shouldnt affect them. Real estate prices may occur after the economy somewhat but there is still that natural demand from homeowners and business users so that affirms prices.
I researched real estate crowdfunding websites 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 possible. .
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Clients to the channel have likely already seen the movies 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 this past year.
Before you think you cant write a novel, anyone can do so and it's so easy. In fact, self-publishing is a natural match for bloggers since youre already browse this site 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 a month on every book and you can produce a new book every few months if youre really concentrated. The very best thing about self-publishing is that once you have it printed on Amazon, theres almost nothing left to perform. I spend about $20 per month on advertising for every book and thats it. .