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The biggest key to success in this passive income source though, is to simply get started. There are factors like website 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 per month using Blue Host and spend only a few hours a week to build it while you wait for it to begin 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 start your blog. I was making a grand a month away from my websites within a year of launching even though your blog isnt big enough to replace your work, a grand per month remains pretty nice to get 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 which let me make money while stocks were crashing. Bear in mind that, back in February when the stock market plunged 10% within 2 months I came out ahead because I'd real estate crowdfunding and p2p lending to smooth out my portfolio. .
Want to start in property investing Check out this movie where I show the four secrets I learned over 20 years as a property investor. Four measures to choose that can guarantee your success! Watch the video below on YouTube.
I started 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 asset has generated 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 dollars, and theres no way many investors can build a portfolio of different property types and in different regions to protect from these dangers when you have all of your money in Clicking Here only one or two investments. .
StREITwise offers a hybrid investment between traditional REIT fund investing and the new crowdfunding. The fund is similar to a real estate investment trust in that it retains a collection of properties but much more like crowdfunding in its own management. The fund has paid a 10% annualized return since inception and is a fantastic 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 the date of this 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 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 build up a portfolio of different property types and in different regions for that diversification. You also get professional management of those projects. The job owners send all debt or equity payouts throughout the platform and it gets passed on to investors. .
Since these are longer-term jobs, short-term market hiccups shouldnt affect 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 costs.
I researched real estate crowdfunding websites 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 provides me access to as many deals as possible. .
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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 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 is so simple. In fact, 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 publication for another income source.
Im making an average of $185 a month on every book and you can generate a new book every few months when youre really concentrated. The very best part about self-publishing is that once you get it printed on Amazon, theres nothing left to do. I spend about $20 per month on advertising for each publication and thats it. .