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The biggest key to success in this passive income source though, is to simply get started. There are variables like website 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 a month with Blue Host and spend only a couple of hours every week to build 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 extra money to start your blog. I had been making a grand a month off my sites within a year of launching even if your site isnt big enough to replace your work, a grand a month is still fairly nice to get a mainly passive income resource. .
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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. Remember thatback in February when the stock market plunged 10% within two months I came out ahead because I'd property 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 over 20 years as a property investor. Four steps to take that can 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 real estate has always had a special spot in my portfolio. No other asset has generated as much long-term wealth as land.
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There are a couple of 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 most investors can create a portfolio of different property types and in different regions to shield from these dangers 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 holds a collection of possessions but more like crowdfunding in its 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 this 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 in property and across all property types.
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You can invest as little as $1,000 in every property which means that you can build up a portfolio of different property types and in different regions for that diversification. You also get professional management of the projects. The job owners send all debt or equity payouts throughout the system and it has passed on to investors. .
Since these are longer-term projects, short-term market hiccups shouldnt affect them. Real estate costs may occur after the economy a little but there navigate here is still that natural demand from homeowners and business customers so that affirms costs.
I researched real estate 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 stage 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 idea, self-publishing. Ive been self-publishing on Amazon since 2015 and have 10 novels that averaged $1,857 per month last year.
Before you think you cant write a novel, anyone can do so and it's so simple. In fact, self-publishing is a natural fit for bloggers because youre already writing the content. All you have to do is reformat it and turn it into a book for another income source.
Im making an average of $185 per month on each publication and you can generate a new book every few months if youre really concentrated. The very best part about self-publishing is that once you get it published on Amazon, theres almost nothing left to do. I spend about $20 a month on advertising for every publication and thats it. .