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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 areas for this diversification. You also get professional management of those projects. The project owners send all debt or equity payouts throughout the platform and it gets passed on to investors. .

Since these are longer-term projects, short-term market hiccups shouldnt impact them. Real estate prices may follow the economy somewhat but there is still that natural demand from homeowners and commercial users so that supports prices.

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I surveyed real estate crowdfunding websites on returns and found that debt investments average around 9 percent 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 possible. .

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 this past year.

Before you think you cant write a novel, anyone can do so and it is so straightforward. In fact, self-publishing is a natural fit for bloggers since youre already writing this material. 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 every publication and you can produce a new book every couple of months when youre really concentrated. The very best thing about self-publishing is that once you have it printed on Amazon, theres almost nothing left to do. I spend roughly $20 per month on advertising for every publication and thats it. .

So if youre doing a novel every two months, youll have your own $ 5,000 a month in just over two years and now thats going to be consistent income each month even if you give up writing.

Another investment I highlighted recently was p2p lending through Lending Club. Ive been investing in p2p for a couple of decades now and have booked returns only under 10%. Now that might not sound great against double-digit stock returns but its double what you get from other fixed-income investments.

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Investing in loans is nothing new. In reality, I guarantee you have money in them through any pension plan or insurance. You see banks sell their loans to investors that need reliable money 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 each $10,000 invested. Now thats a year so youll need a bit invested to create 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 fantastic cash flow investment. .

What I like about p2p investing on Lending Club is your sites automated investing tool. You decide on the criteria for loans in which you want to invest and the program does the rest. It will look for loans every day which meet those variables and mechanically invest your money. Its important because youre collecting money on your loan investments every day so that you want that money reinvested as soon as possible. .

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The automated investing tool 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 site is encouraged as a crowdfunding website for creative people like artists and writers but really its read more for anyone with a side-hustle idea.

Patreon is actually how the arts used to operate hundreds of years back. Back during the renaissance, artists utilized to ask the wealthy 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 get patrons for your own works. You build a community of people interested in your work, another usage of a site that will double-duty for this passive income strategy, and then request them to make contributions every time you produce something. .

Now patrons dont come away empty-handed, you provide rewards and copies of the job. So for a writer, you might offer copies of your books. You can promise to thank patrons on your blog or to market something of theirs in the future.