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You can invest as little as $1,000 in each property that means you can develop a portfolio of different land types and in different regions for that diversification. In addition, you get professional management of those jobs. The project owners send all equity or debt payouts through the platform and it has passed on to investors. .
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I researched property crowdfunding sites on returns and found that debt investments average around 9 percent whilst equity returns average 15% 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. .
Clients to the channel have likely already seen the movies on our next passive income notion, self-publishing. Ive been self-publishing on Amazon since 2015 and also have 10 novels that averaged $1,857 a month last year.
Before you think you cant write a novel, anyone can do so and it's really straightforward. In reality, self-publishing is a natural match for bloggers since youre already writing this content. 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 a month on every publication and you can generate a new book every few months if youre really focused. The best thing about self-publishing is that once you have it printed on Amazon, theres almost nothing left to do. I spend about $20 a month on advertising for every book and thats it. .
So if youre doing a novel every 2 months, youll have your $5,000 a month in just over two years and thats going to become consistent income every month even in the event that you give up writing.
Another investment I emphasized 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 double what you get from additional fixed-income investments.
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Investing in loans 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 year so youll need quite a bit invested to create that $5,000 a 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 great cash flow investment. .
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The automatic investing instrument on Lending Club makes the investment completely passive. I could only check in on my account once a month or even less often. I know that program is going to keep investing my money for a secure and passive return.
Our next passive income notion is another twist on crowdfunding called Patreon. The website is encouraged as a crowdfunding site for creative people like artists and writers but its own for anyone with a side-hustle notion.
Patreon is actually how the arts used to work hundreds of years ago. 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 provides you the opportunity to get patrons for your own works. You build a community of people interested in your work, another use of a blog that does double-duty with this passive income plan, and then ask them to make contributions each time you produce something. .
Now patrons dont come navigate to this site off empty-handed, you provide benefits and copies of the work. So to get a writer, you could offer copies of your books. You could promise to thank patrons on your site or to market something of theirs in the future.