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You can invest as little as $1,000 in every property which means you can build up a portfolio of different property types and in different areas for this diversification. You also get professional management of those jobs. The job owners send all debt or equity payouts through the platform and it gets passed on to investors. .
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I researched property 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 like investing on more than one stage 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 per month this past 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 content. All you have 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 per month on each publication and you can generate a new book every couple of months if youre really focused. The very best thing about self-publishing is that once you have it published on Amazon, theres almost nothing left to do. I spend about $20 per month on advertising for every publication and thats it. .
If youre doing a novel every 2 months, youll have your own $ 5,000 a month in only over two years and thats going to become 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 decades now and have reserved returns only under 10%. Now that may not sound fantastic against double-digit stock returns but its dual everything 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 insurance. You see banks sell their loans to investors that need reliable cash 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 every $10,000 invested. Now thats a year so youll need quite a bit invested to create that $5,000 per month but even a small portfolio will constantly be putting cash in your account. You receive paid principal and interest monthly on your loans so its a fantastic cash flow investment. .
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The automated investing tool on Lending Club makes the investment entirely passive. I might 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 notion is another twist on crowdfunding known as Patreon. The website is encouraged as a crowdfunding website for creative people like artists and writers but its for anyone with a side-hustle idea.
Patreon is actually how the arts used to operate hundreds of years ago. Back during the renaissance, artists used to ask the rich for 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 to your own works. You build a community of individuals interested in your work, another use of a site that does double-duty with this passive income strategy, and then request them to make contributions every time you produce something. .
Now patrons dont come off empty-handed, Resources you provide rewards and copies of the job. 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.