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P2P lending can be a bit risky, but there's potential for a pretty good return on your investment. If youre interested you should take some opportunity to educate yourself and ensure that you understand all of the details. Peer-to-Peer Lending 101 from Good Financial Cents is an excellent starting point. .
Real estate crowdfunding sites allow you to invest in property without all of the headaches that usually go along with owning property. You dont have any of the job, you merely invest and take on a few of the threat.
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This is a very popular investment because 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 relatively 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 property such as office buildings, apartment complexes, shopping malls, or resorts. REITs make it possible to invest in real estate on a tiny scale, and to earn a share of the income produced. .
There are several different kinds of REITs. Some are publicly traded on a stock exchange, and a few 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 start with real estate investing, REITs can be an excellent option.
Of course, another option for investing in real estate is your good old fashion rental property. You can buy a condo, single-family home, or multi-unit home.
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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 aspects. The more possessions you own and also the further tenants you manage, the more time 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 which could be totally new to you. You can add authorized users for your 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 from your payment history.
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If youve never heard of selling/renting tradelines before it likely sounds absurd and dangerous. The first concern generally involves putting yourself at risk for adding an authorized user that you dont know and hope. 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 is still some danger involved. The risk involves the possibility of your charge card account being shut by the issuer, because in many cases this is going to be violating the conditions. Its not illegal, but it will violate the details of the credit card companies, so they may close your account if they know you're doing it. .
Its definitely not for everyone, but some folks are making good money with very little work. If you want to learn more I recommend reading this thread at Mr. Money Mustache for tons of details from a man who is making a couple thousand dollars per month with this and its very passive. .
One of my favorite, easy ways 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 instance, Going Here 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 easy. .
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Now, this isnt something which you can do 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 find out the past two or three years with this approach.
Don't go overboard. Opening too many new credit accounts in a short period of time can damage your ability to get credit when you need it.