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You can invest as little as $1,000 in each property which means you can build up a portfolio of different property types and in different regions for that diversification. You also get professional management of those jobs. The project owners send all debt or equity payouts through the system and it gets passed on to investors. .
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I researched property crowdfunding websites on returns and found that debt investments average around 9% while equity returns average 15% annually. I invest in real estate debt on PeerStreet and in debt. I like investing on more than one platform because it provides me access to as many deals as possible. .
Clients to the channel have likely already seen the videos on our next passive income idea, self-publishing. Ive been self-publishing on Amazon since 2015 and have 10 books that averaged $1,857 a month last year.
Before you think you cant write a novel, anyone can do so and it is really easy. In fact, self-publishing is a natural match for bloggers because youre already writing the content. All you need to do is reformat it and turn it into a publication for another income source.
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Im making an average of $185 a month on each publication and you can produce a new book every few months if youre really focused. The best thing about self-publishing is that once you have it published on Amazon, theres almost nothing left to do. I spend about $20 a month on advertising for each book and thats it. .
If youre doing a novel every two months, youll have your own $ 5,000 a month in just over two decades and thats going to be consistent income every month even if you stop writing.
Another investment I emphasized recently was p2p lending through Lending Club. Ive been investing in p2p for a couple of years now and have reserved returns just under 10%. Now that might not sound fantastic against double-digit stock returns but its dual everything you get from other fixed-income investments.
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Investing in loans is nothing new. In reality, I guarantee you have money in them via any pension plan or insurance. You see banks sell their loans to investors who need reliable money flow so their most important buyers of loans straight from the source are pensions and insurance companies.
I average just under 10% annually on the loans about $1,000 on each $10,000 invested. Now thats a calendar year so youll need a bit invested to create that $5,000 per month but even a little portfolio will constantly be putting money in your account. You get go to these guys paid principal and interest monthly on your loans so its a great cash flow investment. .
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The automated investing instrument on Lending Club makes the investment entirely passive. I could only check in on my account once per month or even more often. I know that app is going to keep investing my money for a secure and passive return.
Our next passive income idea is another twist on crowdfunding known as Patreon. The site is promoted as a crowdfunding site for creative people like artists and writers but really its for anyone with a side-hustle notion.
Patreon is really how the arts used to work hundreds of years back. Back during the renaissance, artists utilized to ask the rich to be their patrons to support their work through regular contributions.
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So now the site Patreon gives you the opportunity to acquire patrons to your own works. You construct a community of people interested in your job, another usage of a site that does double-duty with this passive income plan, and then request them to make contributions every time you produce something. .
Now patrons dont come away empty-handed, you provide benefits and copies of the work. So for a writer, you could offer copies of your books. You can promise to publicly thank patrons on your blog or to market something of theirs in the future.