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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 begin your site for less than $5 per month using Blue Host and spend just a couple of hours every week to assemble 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 begin your blog. I had been making a grand a month away from my websites within a year of launching even though your site isnt large enough to replace your job, a grand a month is still fairly nice for 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 which let me make money while stocks were crashing. Bear in mind thatback in February when the stock exchange plunged 10% within two weeks I came out ahead because I had property crowdfunding and p2p lending to smooth out my portfolio. .
Want to get started in real estate investing Check out this movie where I show the four keys I learned over 20 years as a property investor. Four steps to choose that will 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 property.
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There are a couple problems with direct investment in real estate however. Its expensive to buy even a single house, a minimum of tens of thousands of bucks, 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 only 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 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 increase your real estate 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 who have acquired or managed over $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 regions for this diversification. You also get professional management of the projects. The project owners send all debt or equity payouts through the platform and it gets passed on to investors. .
Since these are longer-term projects, short-term economy hiccups shouldnt impact them. Real estate prices may follow the economy somewhat but there is still that natural demand from homeowners and commercial customers so that affirms prices.
I surveyed property crowdfunding websites on returns and found that debt investments average around 9% while equity returns average 15% annually. I invest in property debt on PeerStreet and in debt. I like investing on more than one platform since it provides 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 notion, self-publishing. Ive been self-publishing on Amazon since 2015 and also have 10 novels that averaged $1,857 per month this past year.
Before you think you cant write a novel, anyone can do so and it's really simple. In reality, self-publishing is a natural match for bloggers since youre already writing this content. All you need 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 book and you can produce a new book every couple of months if youre really concentrated. The very best thing about self-publishing is that once you have it published on Amazon, theres nothing click for source left to perform. I spend about $20 per month on advertising for every book and thats it. .