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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. In addition, you get professional management of those projects. The project owners send all equity or debt payouts through the platform and it gets passed on to investors. .
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I surveyed property crowdfunding websites on returns and found that debt investments average around 9 percent whilst equity returns average 15 percent annually. I invest in real estate debt on PeerStreet and in debt. I enjoy investing on more than one stage because it provides me access to as many deals as possible. .
Clients to the channel have probably already seen the videos on our next passive income idea, self-publishing. Ive been self-publishing on Amazon since 2015 and also have 10 books that averaged $1,857 a month last year.
Before you think you cant write a book, anyone can do this and it's really straightforward. In fact, self-publishing is a natural fit for bloggers because youre already writing the content. All you have 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 if youre really focused. The very best thing about self-publishing is that once you have it printed on Amazon, theres almost nothing left to perform. I spend roughly $20 per month on advertising for every book and thats it. .
So if youre doing a book every 2 months, youll have your own $ 5,000 per month in only over two years and thats going to become consistent income every month even if you give up 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 only under 10%. Now that may not sound great against double-digit stock returns but its double everything you get from additional fixed-income investments.
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Investing in loans is nothing new. In fact, I guarantee you have money in them through any pension plan or insurance. You see banks sell their loans to investors who need reliable money flow so their biggest 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 calendar year so youll need a bit invested to create that $5,000 per month but even a small portfolio will constantly be putting money 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 automatic investing instrument on Lending Club gets the investment entirely passive. I might only check in on my account once a 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 called Patreon. The website is encouraged as a crowdfunding website for creative people like artists and writers but 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 website Patreon gives you the opportunity to acquire patrons for your own works. You construct a community of people interested in your work, another use of a blog that does double-duty for this passive income plan, and then ask them to make contributions each time you create you could try this out something. .
Now patrons dont come away empty-handed, you provide rewards and copies of this work. So for a writer, you might offer copies of your own books. You could promise to thank patrons on your site or to promote something of theirs in the future.