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P2P lending can be a bit risky, but there is potential for a pretty good return on your investment. In case youre interested you should take some opportunity to educate yourself and ensure you understand all the particulars. Peer-to-Peer Lending 101 from Great Financial Cents is an excellent starting point. .
Real estate crowdfunding sites enable you to invest in property without all the headaches that usually go along with owning property. You dont have any of this job, you simply invest and take on a few of the threat.
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This is a really popular investment since so many men and women want to invest in property but simply dont have enough time or desire to be a landlord. Also, in many instances you can get started with a relatively modest investment.
REITs (Real Estate Investment Trust) offer another means 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 hotels. REITs make it possible to invest in property on a tiny scale, and also to earn a share of the income generated. .
There are many different types of REITs. Some are publicly traded on a stock exchange, and a few 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 choice.
Of course, another option for investing in real estate would be your excellent old fashion rental home. You can buy a condo, single-family home, or multi-unit property.
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Owning rental properties can be a fantastic source of income, however whether or not it is really passive will probably depend on a couple of factors. The more possessions you own and the more 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 rewarding passive income source which may be totally new to you. You can add authorized users for your credit cards (without really giving them a card or access for your account) and be paid to do great post to read it. People that are looking to boost their credit rating can get 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 absurd and dangerous. The first concern usually involves putting yourself in danger for adding an authorized user which you dont know and trust. But the procedure only involves adding the consumer to your account, the card will be sent to your address and you can ruin it.
But, there is still some danger involved. The threat involves the chance of your credit card account being shut by the issuer, because in many situations 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're doing it. .
Its definitely not for everyone, but a few folks are making good money with very little work. If you want to learn more I recommend reading this thread in Mr. Money Mustache for tons of information from a man who's making a few thousand dollars per month with this and its quite passive. .
One of my favourite, easy ways to make money is through credit card bonuses. Many credit cards will give 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 the majority of your purchases using 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, but you can sign up to get a new credit card two a year, depending on your situation. Ive made hundreds of bucks each of the past 2 or 3 years with 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.