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The greatest secret to success in this passive income source though, is to simply begin. There are factors like site age that play into getting ranked on Google and the sooner you get started, the better.
You can begin your site for less than $5 per month using Blue Host and spend just 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 excess cash to start your own 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 a month remains pretty nice to get a mainly passive income resource. .
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I spoke about this next passive income notion in a recent movie on the five investments that helped me earn money while stocks were crashing. Remember thatback in February when the stock exchange plunged 10% within two months I came out ahead because I had 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 real estate investor. Four measures to take that will guarantee your success! See 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 asset 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 bucks, and theres no way many investors can build a portfolio of different property types and in different regions to shield from these risks when you have all your money in just one or two investments. .
StREITwise provides 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 holds a collection of possessions but much more like crowdfunding in its 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 this date of the video, has paid a 10% annualized dividend. The fund is managed by seasoned real estate professionals who have acquired 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 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 the jobs. The project owners send all debt or equity payouts throughout the system and it gets passed on to investors. .
Since these are longer-term jobs, short-term economy hiccups shouldnt impact them. Real estate prices may follow the economy somewhat but there's still that natural demand from homeowners and business users so that affirms prices.
I check my source surveyed real estate crowdfunding websites on returns and found that debt investments average around 9 percent whilst equity returns average 15% annually. I invest in real estate debt on PeerStreet and in debt. I enjoy investing on more than one stage since it provides me access to as many deals as you can. .
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Subscribers 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 also have 10 books that averaged $1,857 per month last year.
Before you think you cant write a book, anyone can do so and it is so easy. In reality, self-publishing is a natural match for bloggers because youre already writing this 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 per month on every publication and you can generate a new book every couple of months if youre really concentrated. The best thing about self-publishing is that once you get it printed on Amazon, theres nothing left to do. I spend roughly $20 per month on advertising for every publication and thats it. .