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P2P lending can be a bit insecure, but there's potential for a fairly good return on your investment. In case youre interested you should take the 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 websites allow you to invest in real estate without all of the headaches that typically go along with owning real estate. You dont have any of the job, you simply 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 enough time or want to become a landlord. In addition, in many instances you can begin with a rather modest investment.
REITs (Real Estate Investment Trust) offer 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 hotels. REITs make it feasible to invest in property on a tiny scale, and to earn a share of their income produced. .
There are many different kinds of REITs. Some are publicly traded on a stock exchange, and a few 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 get started with real estate investing, REITs can be an excellent choice.
Of course, another option for investing in real estate is your good old fashion rental home. 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 really passive will probably depend on a few 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 More about the author 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 it. People who are looking to boost their credit rating can get a boost in their score by piggybacking from 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 generally involves putting yourself at risk for adding an authorized user that you dont know and hope. However, the procedure only involves adding the consumer to your account, the card will be sent to your address and you can destroy it.
However, there's still some risk involved. The threat involves the possibility of your charge card account being closed by the issuer, because in many cases this is going to be violating the conditions. Its not illegal, however it will violate the terms of the credit card companies, so they can close your account if they know you're doing it. .
Its definitely not for everyone, but some see here 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 guy who is making a couple thousand dollars per month with this and its quite passive. .
One of my favourite, simple ways to earn money is by way of credit card bonuses. Many credit cards can provide you a bonus just for signing up and for making a minimum amount of purchases on the card during an introductory period. For 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. If youre like me and you make the majority 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 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 the past two or three 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.