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The biggest secret to success in this passive income source however, is to simply get started. There are factors 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 per month with Blue Host and spend just a few hours a week to assemble 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 money to start your blog. I was making a grand a month off my sites within a year of launching so even if your site isnt big enough to replace your job, a grand per month is still fairly nice for a mainly passive income source. .
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I talked about this next passive income idea in a recent video on the five investments that let me earn money while stocks were crashing. Bear in mind thatback in February when the stock market plunged 10% within 2 months I came out ahead because I had real estate 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 over 20 years as a property investor. Four measures to choose that will guarantee your success! Watch the movie here 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 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 protect from those dangers when you have all of 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 like 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 great way to diversify your property 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 who have obtained or managed over $5.4 billion more information in property and across all real estate 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 jobs. The project owners send all equity or debt payouts through the system and it here gets passed on to investors. .
Since these are longer-term projects, short-term market hiccups shouldnt impact them. Real estate prices may follow 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% while equity returns average 15 percent annually. I invest in property debt on PeerStreet and in debt. I enjoy investing on more than one stage since it provides me access to as many deals as possible. .
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Clients 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 have 10 books that averaged $1,857 per month this past year.
Before you think you cant write a book, anyone can do this and it's really easy. In fact, self-publishing is a natural match for bloggers since 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 produce a new book every couple of months when youre really concentrated. The best part about self-publishing is that once you have it printed on my explanation Amazon, theres nothing left to perform. I spend about $20 a month on advertising for each book and thats it. .