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You can invest as little as $1,000 in each property that means that you can develop a portfolio of different property types and in different areas for that diversification. You also get professional management of the jobs. The job owners send all equity or debt payouts through the platform and it has passed on to investors. .
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I surveyed real estate crowdfunding sites on returns and found that debt investments average around 9 percent while equity returns average 15 percent annually. I invest in property debt on PeerStreet and in debt. I like investing on more than one platform because it gives me access to as many deals as possible. .
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 have 10 novels that averaged $1,857 a month this past year.
Before you think you cant write a book, anyone can do so and it's so straightforward. In fact, self-publishing is a natural fit for bloggers because youre already writing the 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 book and you can generate a new book every couple of months when youre really concentrated. The best part about self-publishing is that once you get it printed on Amazon, theres almost nothing left to do. I spend about $20 a month on advertising for every book and thats it. .
If youre doing a book every 2 months, youll have your $5,000 per month in just over two decades and thats going to be consistent income each month even if you give up writing.
Another investment I highlighted recently was p2p lending through Lending Club. Ive been investing in p2p for a few years now and have reserved returns only under 10%. Now that may not sound great against double-digit stock returns but its dual what you get from additional fixed-income investments.
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Investing in loans is nothing new. In fact, I guarantee you already have money in them via any pension plan or more insurance. You see banks sell their loans to investors that need reliable money flow so their biggest buyers of loans are pensions and insurance companies.
I average just under 10% annually on the loans so about $1,000 on each $10,000 invested. Now thats a year so youll need a bit invested to create that $5,000 per month but even a small portfolio will constantly be putting cash in your account. You get paid principal and interest monthly on your loans so its a great cash flow investment. .
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The automated investing tool on Lending Club makes the investment entirely passive. I could only check in on my account once per month or even less often. I know that app is going to keep investing my money for a stable and passive return.
Our next passive income notion is another twist on crowdfunding called Patreon. The site is promoted as a crowdfunding site for creative people like websites artists and writers but its for anyone with a side-hustle idea.
Patreon is actually how the arts used to operate hundreds of years back. Back during check this the renaissance, artists used to ask the wealthy to be their patrons to support their work through regular contributions.
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So now the website Patreon provides you the opportunity to get patrons for your own works. You build a community of individuals interested in your job, another usage of a blog that will double-duty for this passive income plan, and then request them to make contributions each time you create something. .
Now patrons dont come away empty-handed, you offer 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 long run.