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P2P lending can be a bit insecure, but there's potential for a fairly good return on your investment. If youre interested you should take some opportunity to educate yourself and ensure you understand all the particulars. Peer-to-Peer Lending 101 from Good Financial Cents is an excellent starting point. .
Real estate crowdfunding websites allow you to invest in real estate without all of the headaches that usually go along with owning real estate. You dont have any of this job, you merely invest and take on a few of the threat.
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This is a really common investment because so many men and women want to invest in real estate but simply dont have the time or want to become a landlord. Also, in many cases you can get started with a rather small 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 property like office buildings, apartment complexes, shopping malls, or resorts. REITs make it feasible to invest in property on a small scale, and also to earn a share of their income produced. .
There are several 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.
Obviously, another option for investing in real estate is the good old fashion rental property. You could buy a condo, single-family residence , or multi-unit property.
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Owning rental properties can be a great source of income, but if not it is truly passive will depend on a couple of factors. The more properties you own and the further tenants you manage, the more time you will 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 rewarding passive income source that could be completely new to you. You can add authorized users for your see post credit cards (without actually giving them a card or access to your account) and be paid to do it. Individuals who are looking to boost their credit score can get a increase 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 in danger for adding an authorized user which 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.
But, there's still some danger involved. The threat involves the chance of your charge card account being shut by the issuer, because in many situations this is going to be violating the terms. Its not illegal, however it will violate the details of the credit card companies, so they can close your account if they know you are 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 in Mr. Money Mustache for tons of information from a man who's making a couple thousand dollars per month with this and its quite passive. .
One of my favorite, 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. As an instance, 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. advice 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 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 previous 2 or 3 years using this approach.
Don't go overboard. Opening too many new credit accounts in a brief time period can damage your ability to get credit when you need it.