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You can invest as little as $1,000 in each property which means that you can develop a portfolio of different property types and in different regions for that diversification. You also get professional management of the projects. The job owners send all equity or debt payouts throughout the platform and it has passed on to investors. .
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I researched property crowdfunding websites on returns and found that debt investments average around 9% whilst equity returns average 15% annually. I invest in property debt on PeerStreet and in debt. I like investing on more than one platform because it provides me access to as many deals as you can. .
Clients to the channel have likely already seen the videos on our next passive income notion, 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 this and it's really easy. In fact, self-publishing is a natural fit for bloggers since 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 every publication and you can generate a new book every few months when youre really concentrated. The very best thing about self-publishing is that once you have it published on Amazon, theres almost nothing left to do. I spend roughly $20 per month on advertising for every book and thats it. .
If youre doing a novel every two months, youll have your own $ 5,000 a month in only over two decades and now thats going to be consistent income each month even in the event that 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 over here is nothing new. In reality, I guarantee you already 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 each $10,000 invested. Now thats a calendar year so youll need quite a bit invested to create that $5,000 per 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 great cash flow investment. .
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The automated investing instrument on Lending Club gets the investment completely 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 idea is another twist on crowdfunding called 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 idea.
Patreon is really how the arts used to operate hundreds of years back. Back during the renaissance, artists used 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 build a community of people interested in your job, another usage of a blog that does double-duty for this passive income plan, and then request them to make contributions each time you create something. .
Now patrons dont come off empty-handed, you offer rewards and copies of the 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 long run.