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The greatest key to success in this passive income source however, is to just get started. There are factors 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 with Blue Host and spend only a couple of hours every 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 excess money to begin your blog. I was making a grand a month away from my sites within a year of launching so even if your blog isnt big enough to replace your work, a grand per month is still pretty nice for a mostly passive income source. .
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I spoke about this next passive income idea in a recent video on the five investments that helped me earn money while stocks were crashing. Remember that, back in February when the stock exchange plunged 10% within two weeks I came out ahead because I'd property crowdfunding and p2p lending to smooth out my portfolio. .
Want to start in real estate investing Check out this video where I show the four secrets I learned over 20 years as a real estate 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 place in my portfolio. No other advantage has created as much long-term wealth as land.
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There are a couple of problems with direct investment in real estate though. Its expensive to buy even a single house, 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 protect from these dangers when you have all 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 like a real estate investment additional hints trust in that it holds a collection of properties 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 real estate 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 that have obtained or managed around $5.4 billion in land and across all real estate types.
So property crowdfunding is just the audience meets property investing. Developers and investors list their properties on a crowdfunding platform which reviews the investment and the project owners. This is a thorough review and only about 5% of those jobs ever make it on to the PeerStreet stage which is where I do the majority of my investing. .
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You can invest as little as $1,000 in every property which means that you can develop a portfolio of different property types and in different areas for this diversification. You also get professional management of those projects. The project 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 economy hiccups shouldnt affect them. Real estate costs may follow the economy a little but there is still that natural demand from homeowners and business users so that supports costs.
I surveyed real estate crowdfunding sites on returns and found that debt investments average around 9% whilst 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 gives 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 so and it is so easy. In reality, self-publishing is a natural match for bloggers because youre already writing this content. All you need to do is reformat it and turn it into a book for another income source.
Im making an average of $185 per month on every book 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 get it published on Amazon, theres nothing left to do. I spend roughly $20 a month on advertising for each publication and thats it. .