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The greatest key to success in this passive income source though, is to just get started. There are factors like website 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 with Blue Host and spend only a few 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 cash to begin your blog. I was making a grand a month off 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 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 let me make money while stocks were crashing. Bear in mind thatback in February when the stock market plunged 10% within two weeks I came out ahead because I had real estate 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 over 20 years as a real estate investor. Four measures to choose that can guarantee your success! Watch the video here 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 advantage has created as much long-term prosperity as land.
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There are a couple problems with direct investment in real estate though. Its expensive to purchase even a single house, a minimum of tens of thousands of dollars, and theres no way most investors can create a portfolio of different land types and in different regions to shield from these dangers when you've got all of 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 properties but 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 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 acquired 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 every property which means that you can build up a portfolio of different property types and in different areas for this 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 Passive Income In Philippines - Passive Income Ideas on to investors. .
Since these are longer-term projects, short-term market hiccups shouldnt affect them. Real estate prices may occur after the economy somewhat but there's still that natural demand from homeowners and commercial customers so that affirms prices.
I researched real estate crowdfunding sites on returns and found that debt investments average around 9% whilst equity returns average 15 percent annually. I invest in property debt on PeerStreet and in debt. I enjoy investing on more than one stage because it gives me access to as many deals as possible. .
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Clients 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 also have 10 books that averaged $1,857 a month last year.
Before you think you cant write a book, anyone can do so and it is so simple. In reality, self-publishing is a natural match for bloggers because youre already writing the material. All you have to do is reformat it and turn it into a publication for another income source.
Im making an average of $185 per month on every publication and you can generate a new book every couple of months if youre really focused. The best thing about self-publishing is that once you have it published on Amazon, theres almost nothing left to perform. I spend about $20 per month on advertising for each publication and thats it. .