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P2P lending can be somewhat risky, but there's potential for a pretty good return on your investment. If youre interested you should take the time to educate yourself and ensure 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 property without all of the headaches that usually go along with owning property. You dont have any of this work, you simply invest and take on a few of the threat.
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This is a really common investment since so many people want to invest in property but simply dont have the time or desire 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 real estate without the hassle of being a landlord. The REIT owns income-producing real estate like office buildings, apartment complexes, shopping malls, or resorts. REITs make it possible to invest in property on a small scale, and also to earn a share of their income produced. .
There are many different kinds of REITs. Some are publicly traded on a stock exchange, and some are not. REITs may 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 property. You can purchase a condo, single-family home, or multi-unit home.
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Owning rental properties can be a fantastic source of income, but whether or not it is truly passive will probably depend on a few aspects. The more properties you own and also 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 lucrative passive income source that may be totally new to you. You can add authorized users for your credit cards (without actually giving them a card or access for your account) and be paid to do it. Individuals who are looking to improve their credit score can find a increase in their score by simply piggybacking off of your payment history.
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If youve never webpage heard of selling/renting tradelines before it probably sounds ridiculous and dangerous. The first concern generally involves putting yourself in danger for adding an authorized user that you dont know and trust. But the procedure only involves adding the user to your account, the card will be sent Read More Here to your address and you can ruin it.
But, there is still some danger involved. The risk involves the possibility of your credit card account being closed by the issuer, because in many cases this will be violating the terms. Its not illegal, but it does violate the terms of the credit card companies, so that they can close your account if they know you are doing it. .
Its definitely not for everyone, but a few folks are making good money with very little effort. If you want to learn more I recommend reading this thread at Mr. Money Mustache for lots of information from a man who's making a few thousand dollars per month with this and its quite passive. .
One of my favourite, simple 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 card during an introductory period. As an 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 with a credit card, then hitting $500 in 3 months is simple. .
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Now, this isnt something that you can perform all of the time, however you can sign up to get a new credit card two a year, depending on your situation. Ive made hundreds of dollars each of the past 2 or 3 years using this approach.
Don't go overboard. Opening too many new credit accounts in a brief time period can hurt your ability to get credit when you need it.