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P2P lending can be somewhat risky, but there's potential for a fairly good return on your investment. If youre interested you should take some opportunity to educate yourself and make sure you understand all of the particulars. Peer-to-Peer Lending 101 from Good Financial Cents is an excellent starting point. .
Real estate crowdfunding websites enable you to invest in property without all of the headaches that usually go along with owning real estate. You dont have any of this job, you simply invest and take on some of the threat.
There are countless real estate crowdfunding websites and there are many different types. Some let you invest in commercial properties. Others may specialize in large rental properties and communities. Others might focus on smaller properties that are being flipped.
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This is a very popular investment since so many men and women want to invest in real estate but simply dont have enough time or want to become a landlord. Also, in many cases you can begin with a relatively small investment.
REITs (Real Estate Investment Trust) provide 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 possible to invest in property on a tiny scale, and also to earn a share of the income produced. .
There are several different types 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 good old fashion rental property. You can purchase a condo, single-family residence , or multi-unit home.
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Owning rental properties can be a great source of income, however whether or not it is truly passive will probably depend on a couple of factors. The more properties you own and also the further tenants you manage, the longer you will 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 completely new to you. You can add authorized users to your credit cards (without really giving them a card or access to your account) and be paid to do it. People that are looking to improve their credit score can find a boost in their score by simply piggybacking off of your payment history.
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If youve never heard of selling/renting tradelines until it likely sounds ridiculous and dangerous. The first concern usually involves putting yourself at risk for adding an authorized user that you dont know and trust. But the process only involves adding the user to your account, the card will be sent to your own address and you can ruin it.
However, there's still some risk involved. The risk involves the possibility of your credit card account being shut by the issuer, because in most cases this will be violating the continue reading this terms. Its not illegal, but it does violate the terms 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 a few people are making excellent money with very little work. If you want to learn more I from this source recommend reading this thread at Mr. Money Mustache for tons of details from a man who's making a couple thousand dollars per month with this and its quite passive. .
One of my favourite, simple ways to earn 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. For example, 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 using a credit card, hitting $500 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 or two a year, depending on your situation. Ive made hundreds of bucks all the previous two or three years with this approach.
Don't go overboard. Opening too many new credit accounts in a brief period of time can damage your ability to get credit when you need it.