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The greatest secret to success in this passive income source however, is to just begin. There are factors like website 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 with Blue Host and spend just a couple of hours a 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 was making a grand a month away from my websites within a year of launching so even though your site isnt big enough to replace your job, a grand per month remains pretty nice for a mainly passive income source. .
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I talked about this next passive income notion in a recent movie on the five investments which helped me earn money while stocks were crashing. Remember thatback in February when the stock market plunged 10% within two months I came out ahead because I'd real estate crowdfunding and p2p lending to smooth out my portfolio. .
Want to get started in property investing Check out this movie where I reveal the four keys I learned more than 20 years as a property investor. Four steps to choose that can 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 prosperity as property.
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There are a couple problems with direct investment in real estate though. Its expensive to purchase even a single property, a minimum of tens of thousands of bucks, and theres no way most investors can create a portfolio of different land 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 like a real estate investment trust in that it retains a collection of properties 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 that have obtained or managed around $5.4 billion in land 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 build up a portfolio of different property types and in different areas for that diversification. In addition, you get professional management of the jobs. The project owners send all equity or debt payouts through website link the system and it 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 somewhat but there is still that natural demand from homeowners and business users so that affirms prices.
I researched property crowdfunding websites 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 platform because 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 last year.
Before you think you cant write a book, anyone can do this and it is so easy. In fact, 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 publication for another income source.
Im making an average of $185 per month on every publication and you can generate a new book every few months when youre really concentrated. The best part about self-publishing is that once you have it printed on Amazon, theres nothing left to do. I spend about $20 per month on advertising for every publication and thats it. .