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The greatest key 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 few hours a week to assemble it while you wait for it to start 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 begin your blog. I had been making a grand a month off my sites within a year of launching so even if your site isnt big enough to replace your job, a grand per month remains pretty nice for 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 let me earn money while stocks were crashing. Remember that, back in February when the stock market plunged 10% within two weeks I came out ahead because I'd property 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 property investor. Four measures to choose that will 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 spot in my portfolio. No other advantage has created as much long-term prosperity 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 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've got all of 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 much more like crowdfunding in its management. The see page fund has paid a 10% annualized return since inception and is a fantastic way to increase your real estate exposure. .
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The stREITwise 1st stREIT Office REIT blog here 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 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 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 through the system and it has passed on to investors. .
Since these are longer-term projects, short-term economy hiccups shouldnt affect them. Real estate prices may occur after the economy a little but there's still that natural demand from homeowners and commercial users so that supports costs.
I researched real estate crowdfunding websites on returns and found that debt investments average around 9% while equity returns basics average 15% annually. I invest in real estate debt on PeerStreet and in debt. I like investing on more than one stage since it gives me access to as many deals as you can. .
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Subscribers to the channel have probably already seen the movies 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 last 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 match for bloggers since youre already writing this 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 per month on each book and you can produce a new book every few months when youre really focused. The very best part about self-publishing is that once you have it printed on Amazon, theres almost nothing left to do. I spend about $20 per month on advertising for every book and thats it. .