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The greatest key to success in this passive income source though, is to simply get started. There are variables 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 using Blue Host and spend only a couple of hours every 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 money to begin your own blog. I was making a grand a month away from my websites within a year of launching even if your blog isnt large enough to replace your job, a grand per month remains fairly nice to get a mainly passive income source. .
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I spoke about this next passive income notion in a recent video on the five investments that helped me make money while stocks were crashing. Remember that, back in February when the stock exchange plunged 10% within 2 months I came out ahead because I'd property crowdfunding and p2p lending to smooth out my portfolio. .
Want to start in real estate investing Check out this video where I reveal the four secrets I learned more than 20 years as a property investor. Four steps to choose that will guarantee your success! See the video 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 however. Its expensive to purchase even a single property, a minimum of tens of thousands of dollars, and theres no way most investors can build a portfolio of different property types and in different regions to protect from these dangers 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 like a real estate investment trust in that it retains a collection of possessions but much 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 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 that have acquired or managed around $5.4 billion in property and across all real estate types.
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You can invest as little as $1,000 in every property that means that you can build up a portfolio of different property types and in different regions for that diversification. In 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 projects, short-term economy hiccups shouldnt impact them. Real estate costs may follow the economy a little but there's still that natural demand from homeowners and business users so that affirms prices.
I surveyed property crowdfunding sites 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 like investing on more than one stage because it gives me access to as many deals as possible. .
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Subscribers to the channel have likely already seen the videos on our next useful source 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 easy. In fact, self-publishing is a natural match for bloggers try these out because youre already writing this content. All you need to do is reformat it and turn it into a book for another income source.
Im making an average of $185 a month on every 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. .