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P2P lending can be somewhat insecure, but there's potential for a pretty good return on your investment. In case youre interested you should take the time to educate yourself and make sure that you understand all the particulars. Peer-to-Peer Lending 101 from Good Financial Cents is an excellent starting point. .
Real estate crowdfunding websites allow you to invest in property without all the headaches that usually go along with owning real estate. You dont have any of this work, you merely invest and take on a few of the threat.
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This is a very common investment since so many men and women want to invest in property but simply dont have the time or desire to become a landlord. In addition, in many instances you can get started with a relatively modest investment.
REITs (Real Estate Investment Trust) offer another way to invest in property without the hassle of being a landlord. The REIT owns income-producing real estate such as office buildings, apartment complexes, shopping malls, or resorts. REITs make it feasible to invest in property on a small scale, and also to earn a share of their income generated. .
There are several different kinds of REITs. Some are publicly traded on a stock exchange, and some are not. REITs might also be in the kind of mutual funds or ETFs.
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If youre looking for an easy way to start with real estate investing, REITs can be an excellent choice.
Of course, another option for investing in real estate is your excellent old fashion rental property. You could buy a condo, single-family residence or multi-unit home.
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Owning rental properties can be a fantastic source of income, however whether or not it is truly passive will depend on a couple of factors. The more properties you own and the more tenants you manage, the longer you'll need to put into it. If you want it to be a passive investment that the best option is to hire a property manager. .
Here is a potentially rewarding passive income source that may be totally new to you. You can add authorized users to your own credit cards (without really giving them a card or access to your account) and be paid to do it. Individuals that are looking to improve their credit score can find a boost in their score by piggybacking from your payment history.
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If youve never heard of selling/renting tradelines before it probably sounds absurd and dangerous. The first concern generally involves putting yourself at risk for adding an authorized user that you dont know and hope. But the procedure only involves adding the user to a account, the card will be sent to your address and you can destroy it.
But, there's still some danger involved. The threat involves the chance of your credit card account being closed by the issuer, because in many situations this is going to be violating the terms. Its not illegal, however it does violate the details of the credit card companies, so that they may close your account if they know you are doing it. .
Its definitely not for everyone, Click Here but some people are making excellent money with very little effort. If you want to learn more I recommend reading this thread in Mr. Money Mustache for lots of details from a guy who's making a few thousand dollars per month with this and its very passive. .
One of my favorite, simple ways to make money is by way of credit card bonuses. Many credit cards can provide you a bonus just for signing up and for making a minimum amount of purchases on the card during an introductory period. As an instance, right now Chase is offering a $150 bonus if you sign up for a Chase Freedom Unlimited card and spend $500 on the card within the first 90 days. If youre like me and you make the majority of your purchases using a credit card, then hitting $500 in 3 months is simple. .
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Nowthis isnt something which you can do all of the time, however you can sign up to get a new credit card or two a year, depending on your situation. Ive made hundreds of dollars all the past 2 or 3 years with this approach.
Don't go overboard. Opening too many new credit accounts in a short time period can damage your ability to get credit when you need it.