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P2P lending can be somewhat 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 that you understand all the particulars. Peer-to-Peer Lending 101 from Great Financial Cents is an excellent starting point. .
Real estate crowdfunding sites enable you to invest in property without all the headaches that usually go along with owning real estate. You dont have any of this work, you merely invest and take on a few of the risk.
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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 desire to become a landlord. Also, in many instances you can get started with a rather 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 feasible to invest in property on a tiny scale, and to earn a share of their income generated. .
There are many different types 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 start with real estate investing, REITs can be an excellent option.
Of course, another option for investing in real estate is the good old fashion rental property. You could buy a condo, single-family homeor multi-unit property.
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Owning rental properties can be a fantastic source of income, however whether or not it is really passive will depend on a couple of factors. The more properties you own and also the further tenants you manage, the more time 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 is a potentially lucrative passive income source which may be totally new to you. You can add authorized users to your credit cards (without actually giving them a card or access for your account) and be paid to do it. Individuals that are looking to improve 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 until it probably sounds absurd and dangerous. The first concern usually involves putting yourself in danger for adding an authorized user that you dont know and hope. However, the procedure only involves adding the user to a account, the card will be sent to your own address and you can ruin it.
But, there is still some danger involved. The threat involves the possibility of your charge card account being shut by the issuer, because in many cases this will be violating the conditions. Its not illegal, however it does violate the terms of the credit card companies, so they may close your account if they know you're doing it. .
Its definitely not for everyone, but a few folks are making excellent money with very little work. If you want to learn more I recommend reading this thread in Mr. Money Mustache for tons of details from a guy who's making a few thousand dollars per month with this and its quite passive. .
One of my favorite, simple ways to make money is by way of 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 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 Related Site like me and you make most of your purchases using 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, however you can sign up for a new credit card or two a year, depending on your situation. Ive made hundreds of bucks all the past two or three years using this approach.
Don't go overboard. Opening too many new credit accounts in a short time period can damage your ability to get credit when you need it.