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The greatest key to success in this passive income source though, is to just 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 with Blue Host and spend only a couple of 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 special offer by Blue Host below. Dont wait until you need the extra money to start your blog. I had been making a grand a month away from my websites within a year of launching so even though your blog isnt big enough to replace your work, a grand per month remains pretty nice for a mainly passive income source. .
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I spoke about this next passive income idea in a recent video on the five investments which let me make money while stocks were crashing. Bear in mind that, back in February when the stock exchange plunged 10% within two months I came out ahead because I'd property crowdfunding and p2p lending to smooth out my portfolio. .
Want to get started in real estate investing Check out this video where I show the four secrets I learned more than 20 years as a real estate investor. Four measures 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 real estate has always had a special place in my portfolio. No other asset has generated as much long-term prosperity as property.
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There are a couple of problems with direct investment in real estate though. Its expensive to buy 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 those risks when you have all 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 properties 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 property exposure. .
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The stREITwise 1st stREIT Office REIT invests in high-quality office properties and as of this date of this video, has paid a 10% annualized dividend. The fund is managed by seasoned real estate professionals that have obtained or managed over $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 which means you can develop a portfolio of different property types and in different regions for that diversification. In addition, you get professional management of those projects. The project owners send all debt or equity payouts throughout the system and it gets passed on to investors. .
Since these are longer-term projects, short-term economy hiccups look what i found shouldnt affect them. Real estate costs may occur after 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 percent annually. I invest in property debt on PeerStreet and in debt. I like investing on more than one platform 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 movies on our next passive income idea, self-publishing. Ive been self-publishing on Amazon since 2015 and have 10 novels that averaged $1,857 per month last year.
Before you think you cant write a novel, anyone can do this and it's really easy. In fact, self-publishing is a natural match for bloggers because youre already writing the content. All you need to do is reformat it and turn it into a book for another income source. important source
Im making an average of $185 per month on each book and you can produce a new book every few months if youre really focused. The very best part about self-publishing is that once you get it published on Amazon, theres nothing left to perform. I spend roughly $20 per month on advertising for every book and thats it. .