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The greatest secret to success in this passive income source though, is to simply get started. There are factors like site age that play into getting ranked on Google and the sooner you begin, the better.

You can start your website for less than $5 per month using Blue Host and spend only a few 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 excess money to start your own blog. I was making a grand a month away from my websites 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 spoke about this next passive income notion in a recent video on the five investments that helped me make 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'd property crowdfunding and p2p lending to smooth out my portfolio. .

Want to get started in property investing Check out this video where I reveal the four keys I learned over 20 years as a property investor. Four steps to take that will guarantee your success! See the movie 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 place in my portfolio. No other advantage has generated as much long-term prosperity as property.

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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 dollars, and theres no way many investors can create a portfolio of different land types and in different regions to protect from these risks when you have all of your money in only one or two investments. .

StREITwise offers a hybrid investment between traditional REIT fund More hints investing and the new crowdfunding. The fund is similar to a real estate investment trust in that it retains a collection of properties but much 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 property 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 who have acquired or managed over $5.4 billion in land and across all real estate types.

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So property crowdfunding is just the crowd meets property investing. Developers and investors list their properties on a click to investigate crowdfunding system that assesses the investment and the job owners. This is a detailed review and only about 5% of those jobs ever make it on to the PeerStreet platform which is 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 that you can build up a portfolio of different property types and in different areas for that diversification. You also get professional management of the jobs. The project owners send all equity or debt anchor payouts throughout 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 a little but there's still that natural demand from homeowners and business users so that affirms costs.

I surveyed real estate crowdfunding websites on returns and found that debt investments average around 9 percent while equity returns average 15% 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 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 per month last year.

Before you think you cant write a novel, anyone can do so and it is really simple. In fact, self-publishing is a natural fit for bloggers because youre already writing this 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 book and you can generate a new book every couple of months when youre really concentrated. The best thing about self-publishing is that once you get it printed on Amazon, theres almost nothing left to do. I spend roughly $20 a month on advertising for each book and thats it. .

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