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P2P lending can be a bit insecure, but there is potential for a fairly good return on your investment. In case youre interested you should take some opportunity to educate yourself and make sure that you understand all of the details. Peer-to-Peer Lending 101 from Good Financial Cents is an excellent starting point. .
Real estate crowdfunding websites enable you to invest in real estate without all the headaches that typically go along with owning real estate. You dont have any of the work, you merely invest and take on a few of the threat.
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This is a really common investment since so many men and women want to invest in property but dont have the time or want to become a landlord. In addition, in many cases you can get started with a rather modest investment.
REITs (Real Estate Investment Trust) provide another way to invest in real estate without the hassle of being a landlord. The REIT owns income-producing real estate such as office buildings, apartment complexes, shopping malls, or hotels. REITs make it possible to invest in property on a small scale, and to earn a share of the income produced. .
There are several different types of REITs. Some are publicly traded on a stock exchange, and some are not. REITs may also be in the form 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.
Of course, another option for investing in real estate would be your excellent old fashion rental home. You could buy a condo, single-family residence or multi-unit property.
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Owning rental properties can be a fantastic source of income, however whether or not it is truly passive will probably depend on a couple of factors. The more possessions you own and the more tenants you manage, the more time 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 lucrative passive income source that could be totally about his new to you. You can add authorized users to your credit cards (without actually giving them a card or access for your account) and be paid to do it. People that are looking to improve their credit score can get a increase in their score by simply 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 trust. However, the procedure only involves adding the user to a account, the card will be sent to your address and you can destroy it.
However, there's still some risk involved. The risk involves the chance of your charge card account being closed by the issuer, because in most cases this is going to be violating the conditions. Its not illegal, but it will violate the terms of the charge card companies, so they may close your account if they know you are doing it. .
Its definitely not for everyone, but some people are making good money with hardly any work. If you want to learn more I recommend reading this thread at Mr. Money Mustache for tons of details from a man who's making a few thousand dollars per month with this and its very passive. .
One of my favourite, easy ways to make money is through credit card bonuses. Many credit cards will provide you a bonus just for signing up and for making a minimum amount of purchases on the blog 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 the majority of your purchases with a credit card, then hitting $500 this in 3 months is simple. .
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Nowthis isnt something that you can perform all of the time, but you can sign up for a new credit card two a year, depending on your situation. Ive made hundreds of dollars each of the past two or three years using this approach.
Don't go overboard. Opening too many new credit accounts in a short period of time can hurt your ability to get credit when you need it.