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You can invest as little as $1,000 in each property that means you can build up a portfolio of different land 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 platform and it has passed on to investors. .
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I surveyed property crowdfunding sites on returns and found that debt investments average around 9 percent 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 you can. .
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 also have 10 novels that averaged $1,857 per month last year.
Before you think you cant write a book, anyone can do this and it is really easy. In fact, self-publishing is a natural fit for bloggers because 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 per month on every book and you can generate a new book every couple of months if youre really focused. The best thing about self-publishing is that once you get it printed on Amazon, theres nothing left to perform. I spend about $20 per month on advertising for every book and thats it. .
If youre doing a book every two months, youll have your own $ 5,000 a month in just over two years and thats going to be consistent income every month even in the event that 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 booked returns only under 10%. Now that might not sound fantastic against double-digit stock returns but its dual what you get from other fixed-income investments.
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Investing in loans is nothing new. In fact, I guarantee you have money in them via any pension plan or insurance. You see banks sell their loans to investors who need reliable cash 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 quite this contact form a bit invested to make that $5,000 a 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 great cash flow investment. .
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The automatic investing tool on Lending Club makes the investment entirely passive. I could this 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 stable and passive return.
Our next passive income idea is another twist on crowdfunding called Patreon. The site is encouraged as a crowdfunding site for creative people like artists and writers but really its for anyone with a side-hustle idea.
Patreon is actually how the arts used to work hundreds of years ago. 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 website Patreon gives you the opportunity to acquire patrons to your own works. You construct a community of people interested in your work, another use of a site that does 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 the job. So for a writer, you could offer copies of your own books. You could promise to publicly thank patrons on your blog find more information or to promote something of theirs in the future.