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The greatest key to success in this passive income source however, is to simply get started. There are variables like site age that play into getting ranked on Google and the sooner you begin, the better.
You can begin your website for less than $5 per month using Blue Host and spend only a couple of hours a week to build it while you wait for it to start producing that income you can count on.
Ill leave a link to a particular offer by Blue Host below. Dont wait until you need the excess cash to begin your own blog. I was making a grand a month off my websites within a year of launching so even if your blog isnt big enough to replace your job, a grand per month remains fairly 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. Bear in mind that, back in February when the stock market plunged 10% within two months I came out ahead because I had property 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 more than 20 years as a property investor. Four measures to take that will guarantee your success! See the movie below on YouTube.
I began my professional career as a commercial real estate analyst and Ive managed my own rental properties so real estate has always had a special spot in my portfolio. No other asset has generated as much long-term wealth as property.
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There are a couple problems with direct investment in real estate however. Its expensive to purchase 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 dangers when you've got all of 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 similar to 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 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. this content The fund is managed by seasoned real estate professionals that have acquired or managed over $5.4 billion in land and across all real estate types.
So property crowdfunding is merely the crowd meets real estate investing. Developers and investors list their properties on a crowdfunding system which assesses the investment and the project owners. This is a detailed review and only around 5 percent of those projects ever make it on into the PeerStreet stage that's where I do the majority of my investing. .
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You can invest as little as $1,000 in each property that means you can develop a portfolio of different property types and in different areas for this diversification. You also get professional management of the jobs. The project owners send all equity or debt 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 users so that affirms prices.
I surveyed real estate crowdfunding sites on returns and found that debt investments average around 9 percent while equity returns average 15 percent annually. I invest in property debt on PeerStreet and in debt. I like investing on more than one stage because it gives 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 novels that averaged $1,857 a month this past year.
Before you think you cant write a novel, anyone can do so and it is so easy. In fact, self-publishing is a natural fit 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 very best thing about self-publishing is that once you get it printed on Amazon, theres nothing left to perform. I spend roughly $20 per month on advertising for every publication and thats it. .