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P2P lending can be somewhat insecure, but there is potential for a pretty good return on your investment. In case youre interested you should take the opportunity 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 websites enable you to invest in property without all of the headaches that typically go along with owning property. You dont have any of the work, you simply invest and take on some of the threat.
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This is a very common investment because so many men and women want to invest in real estate but simply dont have enough time or desire to become a landlord. In addition, in many instances you can get started with a relatively modest investment.
REITs (Real Estate Investment Trust) offer another way to invest in property 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 possible to invest in property on a tiny scale, and to earn a share of the income generated. .
There are several different types of REITs. Some are publicly traded on a stock exchange, and some 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 start with real estate investing, REITs can be an excellent choice.
Of course, another option for investing in real estate is the 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, but whether or not it is really passive will probably depend on a few factors. The more possessions you own and also the more tenants you manage, the longer you'll 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 that may be totally new to you. You can add authorized users to your own credit cards (without actually giving them a card or access for your account) and be paid to do it. People who are looking to boost their credit score can find a increase in their score by piggybacking from your payment history.
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If youve never heard of selling/renting tradelines before it probably sounds absurd and dangerous. The first concern generally involves putting yourself in danger for adding an authorized user that you dont know and trust. But the procedure only involves adding the consumer to a account, the card will be sent to your address and you can destroy it.
However, there's still some danger involved. The threat involves the chance of your credit card account being closed by the issuer, go to website because in most cases this is going to be violating the conditions. Its not illegal, however it will violate the details of the charge card companies, so they may close your account if they know you are doing it. .
Its definitely not for everyone, but a few people are making good money with very little effort. 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 very passive. .
One of my favourite, simple ways to make 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. 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. If youre like me and you make most of your purchases with a credit card, hitting $500 in 3 months is simple. .
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Now, this isnt something that you can perform all the time, but you can sign up to get a new credit card or two a year, depending on your situation. Ive made hundreds of bucks all the past 2 or 3 years with this approach.
Don't go overboard. Opening too many new credit accounts in a short time period can hurt your ability to get credit when you need it.