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The biggest secret to success in this passive income source however, is to just get started. There are factors like site age that play into getting ranked on Google and the sooner you begin, the better.
You can start your website for less than $5 per month with Blue Host and spend just a couple of hours every week to build it while you wait for it to begin 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 extra cash to begin your blog. I had been making a grand a month away from my websites within a year of launching even though your blog isnt large enough to replace your job, a grand a month remains fairly nice to get a mainly passive income resource. .
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I talked about this next passive income notion in a recent movie on the five investments which helped me earn money while stocks were crashing. Remember thatback in February when the stock market plunged 10% within two months I came out ahead because I'd real estate crowdfunding and p2p lending to smooth out my portfolio. .
Want to start in real estate investing Check out this movie where I show the four keys I learned over 20 years as a real estate investor. Four steps to choose that will guarantee your success! Watch the movie 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 spot 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 property, a minimum of tens of thousands of dollars, and theres no way many investors can create a portfolio of different property types and in different regions to shield from those dangers when you've got all of your money in just one or two investments. . this article
StREITwise offers a hybrid investment between traditional REIT fund investing and the new crowdfunding. The fund is similar to here a real estate investment trust in that it holds a collection of possessions but more like crowdfunding in its own 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 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 land and across all property types.
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You can invest as little as $1,000 in each property that means that you can develop a portfolio of different property types and in different areas 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 has passed on to investors. .
Since these are longer-term jobs, short-term economy hiccups shouldnt impact them. Real estate costs may occur after the economy somewhat but there is still that natural demand from homeowners and commercial users so that supports prices.
I surveyed property crowdfunding sites on returns and found that debt investments average around 9 percent while equity returns average 15% annually. I invest in property debt on PeerStreet and in debt. I enjoy investing on more than one platform because it provides me access to as many deals as possible. .
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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 also have 10 novels 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 material. All you need to do is reformat it and turn it into a book for another income source.
Im making an average of $185 per month on each book and you can produce a new book every couple of months if youre really focused. The best part about self-publishing is that once you get it published on Amazon, theres almost nothing left to perform. I spend about $20 per month on advertising for each book and thats it. .