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You can invest as little as $1,000 in each property which means that you can build up a portfolio of different property types and in different areas for that diversification. In addition, you get professional management of the projects. The project owners send all equity or debt payouts throughout the system and it gets passed on to investors. .
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I surveyed real estate crowdfunding sites on returns and found that debt investments average around 9% while equity returns average 15 percent annually. I invest in real estate debt on PeerStreet and in debt. I enjoy investing on more than one platform because it provides me access to as many deals as possible. .
Clients to the channel have probably already seen the movies 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 book, anyone can do so and it is really straightforward. In fact, self-publishing is a natural fit for bloggers because youre already writing this material. All you need to do is reformat it and turn it into a book for another income source.
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Im making an average of $185 per month on each publication and you can generate a new book every few months when youre really concentrated. The very best part about self-publishing is that once you have it published on Amazon, theres nothing left to perform. I spend about $20 a month on advertising for each publication and thats it. .
So if youre doing a novel every two months, youll have your $5,000 per month in just over two years and now thats going to be consistent income each month even if you stop writing.
Another investment I highlighted recently was p2p lending through Lending Club. Ive been investing in p2p for a couple of years now and have reserved returns only under 10%. Now that may not sound great against double-digit stock page returns but its double what you get from additional 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 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 year so youll need a bit invested to make that $5,000 a month but even a little portfolio will constantly be putting cash in your account. You get paid principal and interest monthly on your loans so its a fantastic cash flow investment. .
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The automated investing instrument on Lending Club gets the investment entirely passive. I could only check in on my account once per month or even less often. I know that program is going to keep investing my money for a stable and passive return.
Our next passive income idea is another twist on crowdfunding over at this website called Patreon. The website is promoted as a crowdfunding website for creative people like artists and writers but its own for anyone with a side-hustle idea.
Patreon is actually how the arts used to work hundreds of years back. Back during the renaissance, artists used to ask the wealthy for their patrons to support their work through regular contributions.
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So now the site Patreon provides you the opportunity to acquire patrons for your own works. You construct a community of individuals interested in your job, another use of a blog that will double-duty for this passive income strategy, and then ask them to make contributions each time you produce something. .
Now patrons dont come away empty-handed, you offer benefits and copies of this job. So to get a writer, you could offer copies of your books. You can promise to thank patrons on your blog or to promote something of theirs in the long run.