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P2P lending can be a bit insecure, but there's potential for a pretty good return on your investment. In case youre interested you should take the time to educate yourself and ensure you understand all of the details. Peer-to-Peer Lending 101 from Great Financial Cents is an excellent starting point. .
Real estate crowdfunding sites allow you to invest in real estate without all of the headaches that usually go along with owning property. You dont have any of this work, you merely invest and take on a few of the threat.
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This is a really popular investment because so many people want to invest in real estate but dont have enough time or want to become a landlord. Also, in many cases you can get started with a rather modest investment.
REITs (Real Estate Investment Trust) provide another means 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 resorts. REITs make it possible to invest in real estate on a tiny scale, and also to earn a share of their income produced. .
There are several different kinds of REITs. Some are publicly traded on a stock exchange, and some 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 start with real estate investing, REITs can be an excellent choice.
Of course, another option for investing in real estate would be your good old fashion rental property. You could purchase a condo, single-family residence or multi-unit home.
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Owning rental properties can be a fantastic source of income, however if not it is truly passive will depend on a few factors. The more properties you own and the further 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's a potentially lucrative 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. People who are looking to boost their credit rating 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 probably sounds absurd and dangerous. The first concern generally involves putting yourself at risk for adding an authorized user which you dont know and trust. But the procedure only involves adding the user to a account, the card will be sent to your own address and you can destroy it.
However, there's still some risk involved. The threat involves the chance of your charge card account being closed by the issuer, because in many situations this will be violating the conditions. Its not illegal, however it will violate the details 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 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 tons of details from a man who's making a few thousand dollars per month with this and its quite passive. .
One of my favourite, simple ways Read More Here to earn money is through 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 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 with a credit card, then hitting $500 in 3 months is easy. .
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Nowthis isnt something which you can perform all 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 previous 2 or 3 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.