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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 you understand all the particulars. Peer-to-Peer Lending 101 from Good Financial Cents is an excellent starting point. .
Real estate crowdfunding websites enable you to invest in property without all the headaches that typically go along with owning real estate. You dont have any of the work, you merely invest and take on some of the threat.
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This is a very popular investment because so many men and women want to invest in real estate but simply dont have enough time or desire to be a landlord. Also, in many cases you can begin 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 real estate like 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 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 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 choice.
Of course, another option for investing in real estate would be the good old fashion rental home. You can buy a condo, single-family homeor multi-unit property.
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Owning rental properties can be a fantastic source of income, but whether or not it is really passive will depend on a few aspects. The more properties you own and also the more tenants you manage, the longer 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's a potentially lucrative passive income source which could be totally new to you. You can add authorized users for your own credit cards (without actually giving them a card or access to your account) and be paid to do it. Individuals that are looking to improve their credit rating can get a boost in their score by piggybacking off of your payment history.
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If youve never heard of selling/renting tradelines until it probably sounds absurd and dangerous. The important site first concern usually 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 destroy it.
However, there's still some risk involved. The threat involves the chance of your charge card account being closed by the issuer, because in many cases this is going to be violating the terms. Its not illegal, but it does violate the details of the credit card companies, so that they may close your account if they know you're doing it. .
Its definitely not for everyone, but some folks are making excellent money with very little effort. If you want to learn more I recommend reading this thread in Mr. Money Mustache for lots of details from a man who is making a few thousand dollars per month with this and here its quite passive. .
One of my favourite, simple ways to make 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. 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 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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Nowthis isnt something that you can do all the time, but you can sign up for browse around here a new credit card or two a year, depending on your situation. Ive made hundreds of bucks all the previous 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.