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P2P lending can be somewhat insecure, but there is potential for a fairly good return on your investment. In case youre interested you should take some time to educate yourself and make sure that you understand all the details. Peer-to-Peer Lending 101 from Great Financial Cents is an excellent starting point. .
Real estate crowdfunding websites allow you to invest in property without all the headaches that usually go along with owning property. You dont have any of the work, you simply invest and take on a few of the risk.
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This is a very popular investment since so many people 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 rather small investment.
REITs (Real Estate Investment Trust) offer another means to invest in real estate without the hassle of being a landlord. The REIT owns income-producing property such as office buildings, apartment complexes, shopping malls, or hotels. REITs make it feasible to invest in real estate on a tiny scale, and also to earn a share of the income produced. .
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 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 option.
Obviously, another option for investing in real estate is your good old fashion rental property. You can buy a condo, single-family homeor multi-unit home.
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Owning rental properties can be a great source of income, however if not it is truly passive will probably depend on a few aspects. The more properties you own and the more tenants you manage, the more time 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. . browse around these guys
Here is a potentially lucrative passive income source which could 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. Individuals that are looking to boost their credit rating 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 likely sounds ridiculous and dangerous. The first concern usually involves putting yourself at risk for adding an authorized user which you dont know and hope. But the procedure only involves adding the consumer 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 possibility of your charge card account being closed by the issuer, because in most situations this will be violating the conditions. Its not illegal, but it will 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 view publisher site folks are making good money with very little work. If you want to learn more I recommend reading this thread at Mr. Money Mustache for lots of information from a man 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 through 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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Nowthis isnt something which you can perform all the time, but you can sign up to get a new credit card two a year, depending on your situation. Ive made hundreds of bucks each of the past 2 or 3 years with this approach.
Don't go overboard. Opening too many new credit accounts in a short period of time can damage your ability to get credit when you need it.