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P2P lending can be somewhat risky, but there is potential for a pretty good return on your investment. If youre interested you should take some opportunity to educate yourself and make sure that you understand all of the particulars. Peer-to-Peer Lending 101 from Great Financial Cents is an excellent starting point. .
Real estate crowdfunding websites allow you to invest in real estate without all of the headaches that usually go along with owning real estate. You dont have any of the job, you merely invest and take on some of the threat.
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This is a very popular investment since so many people want to invest in real estate but dont have enough time or desire to be a landlord. Also, in many instances you can begin with a relatively small investment.
REITs (Real Estate Investment Trust) offer another means to invest in property without the hassle of being a landlord. The REIT owns income-producing property such as office buildings, apartment complexes, shopping malls, or hotels. REITs make it feasible to invest in real estate on a small scale, and to earn a share of the income generated. .
There are many different kinds of REITs. Some are publicly traded on a stock exchange, and a few 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 get started with real estate investing, REITs can be an excellent option.
Obviously, another option for investing in real estate is your excellent old fashion rental home. You could buy a condo, single-family home, or multi-unit property.
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Owning rental properties can be a great source of income, but whether or not it is truly passive will depend on a few factors. The more possessions 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 the best option is to hire a property manager. .
Here's a potentially rewarding passive income source that may be totally new to you. You can add authorized users for 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 increase in YOURURL.com their score by piggybacking from your payment history.
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If youve never heard of selling/renting tradelines before it likely sounds ridiculous and dangerous. The first concern usually involves putting yourself in danger for adding an authorized user that you dont know and hope. But the process only involves adding the consumer to your account, the card will be sent to your own address look at more info and you can destroy it.
However, there is still some danger involved. The threat involves the chance of your charge card account being shut by the issuer, because in most situations this is going to be violating the terms. Its not illegal, but it will 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, but some folks are making good money with hardly any work. If you want to learn more I recommend reading this thread at Mr. Money Mustache for lots of details from a guy who is making a couple thousand dollars per month with this and its quite passive. .
One of my favourite, easy ways to earn money is by way of credit card bonuses. Many credit cards can give you a bonus just for signing up and for making a minimum amount of purchases on the card during an introductory period. For 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 most of your purchases with a credit card, then hitting $500 in 3 months is easy. .
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Now, this isnt something which you can do all of the time, however you can sign up for a new credit card or two site link a year, depending on your situation. Ive made hundreds of bucks each of the previous 2 or 3 years using this approach.
Don't go overboard. Opening too many new credit accounts in a brief time period can damage your ability to get credit when you need it.