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The greatest secret to success in this passive income source however, is to just begin. There are factors like site age that play into getting ranked on Google and the sooner you begin, the better.
You can start your site for less than $5 a month using Blue Host and spend just 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 particular offer by Blue Host below. Dont wait until you need the extra cash to start your blog. I was making a grand a month away from my sites within a year of launching so even if your blog isnt big enough to replace your work, a grand per month remains fairly nice for a mainly passive income source. .
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I talked about this next passive income idea in a recent video on the five investments which let 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 movie where I reveal the four secrets I learned over 20 years as a real estate investor. Four steps to choose that will guarantee your success! Watch the video 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 advantage has generated as much long-term wealth as property.
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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 build 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 much more like crowdfunding in its management. The 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 see this here Office REIT invests in high-quality office properties and as of the date of the video, has paid a 10% annualized dividend. The fund is managed by seasoned real estate professionals that have obtained or managed around $5.4 billion in land and across all property types.
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You can invest as little as $1,000 in every property that means you can build up a portfolio of different property types and in different regions for this diversification. You also get professional management of the jobs. The project 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 impact them. Real estate prices may occur after the economy a little but there is still that natural demand from homeowners and business users so that affirms prices.
I surveyed real estate crowdfunding sites on returns and found that debt investments average around 9% whilst equity returns average 15 percent 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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Subscribers to the channel have probably 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 per month this past year.
Before you think website link you cant write a book, anyone can do so and it's so simple. In reality, self-publishing is a natural fit for bloggers because youre already writing the content. All you have to do is reformat it and turn it into a book for another income source.
Im making an average of $185 a month on each publication and you can generate a new book every few months when youre really concentrated. The best thing about self-publishing is that once you get it published on Amazon, theres almost nothing left to perform. I spend roughly $20 a month on advertising for each publication and thats it. .