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The greatest key to success in this passive income source though, is to just begin. 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 special offer by Blue Host below. Dont wait until you need the excess cash to begin your own blog. I had been making a grand a month off my websites within a year of launching so even if your site isnt large enough to replace your job, a grand per month is still pretty nice to get a mainly passive income resource. .
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I spoke about this next passive income notion in a recent video on the five investments which helped me earn money while stocks were crashing. Remember thatback in February when the stock market plunged 10% within 2 months I came out ahead because I'd property crowdfunding and p2p lending to smooth out my portfolio. .
Want to get started in property investing Check out this movie where I show the four keys I learned more than 20 years as a property investor. Four measures to choose that can guarantee your success! See the movie below on YouTube.
I started 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 though. Its expensive to buy even a single house, 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 shield from those risks when you've got all of your money in just 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 possessions but more like crowdfunding in its management. The fund has paid a 10% annualized return since inception and is a fantastic 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 the date of this 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 property and across all property types.
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You can invest as little as $1,000 in each property that means you can develop a portfolio of different property types and in different regions for that diversification. You also get professional management find more of the jobs. The project 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 economy hiccups shouldnt impact them. Real estate costs may follow the economy somewhat but there is still that natural demand from homeowners and business customers so that affirms costs.
I surveyed property crowdfunding sites on returns and found that debt investments average around 9 percent whilst equity returns average 15 percent annually. I invest in property debt on PeerStreet and in debt. I like investing on more than one stage because it gives me access to as many deals as you can. .
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Clients 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 have 10 books that averaged $1,857 per month last year.
Before you think you cant write a book, anyone can do this and it's really simple. In reality, self-publishing is a natural match for bloggers since 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 he said a month on every publication and you can produce a new book every few months if youre really focused. The best thing about self-publishing is that once you get it published on Amazon, theres almost nothing left to perform. I spend about $20 a month on advertising for each publication and thats it. .