Want $1,000 In Annual Passive Income? Buy These 2 Monster Money Makers

Building a passive income stream from your portfolio is a dream that’s closer to being in reach than many investors suspect. If you pick the right dividend-paying stocks with high yields, it might not take a very big investment — but the trick is to buy shares of the companies that’ll sustain their dividend forever.

On that note, here are a pair of real estate investment trusts (REITs) that have high yields, sustainable dividends, and growth prospects for the next decade and beyond. You won’t need to break the bank with your investment to get $1,000 each year in dividends with either, and neither should need to change much about its business model to keep flourishing.

1. Medical Properties Trust

As Medical Properties Trust (MPW -0.54%) derives its income from investing in hospitals and clinics which it then rents, renovates, or sells, demand for its offerings won’t be declining anytime soon. It owned 447 properties globally as of June 30 of this year, with plans to acquire a handful more already in action. And with a weighted average lease length and loan maturity of 17.7 years, its tenants don’t need replacing very often, which adds to the stability of its cash flows. Plus, thanks to its baked-in rental rate increases, investors won’t need to worry about inflation eroding their returns over the long-term hold that’ll be necessary to get the most out of the dividend.

Though its total return of only 138% over the last 10 years wasn’t enough to beat the market and it’s unlikely to ever beat the market, the stock’s passive income potential is still quite strong. With a super-high forward dividend yield a hair over 8.8%, you won’t need to buy too many shares of Medical Properties Trust to make a grand in annual passive income — roughly $11,890 worth, in fact.

Of course, even a business supplying space for healthcare providers isn’t immune to headwinds that investors should be aware of. Specifically, the cost of borrowing money as set by the Federal Reserve has a big effect on Medical…

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