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P2P lending can be somewhat risky, but there's potential for a fairly good return on your investment. In case youre interested you should take some time to educate yourself and make sure you understand all 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 real estate without all the headaches that usually go along with owning real estate. You dont have any of this job, you simply invest and take on some of the threat.
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This is a very common investment since so many people want to invest in real estate but dont have the time or want to be a landlord. Also, in many instances you can get started with a relatively modest investment.
REITs (Real Estate Investment Trust) provide another way to invest in property without the hassle of being a landlord. The REIT owns income-producing real estate such as office buildings, apartment complexes, shopping malls, or resorts. REITs make it possible to invest in real estate on a small scale, and also to earn a share of their income generated. .
There are several different types of REITs. Some are publicly traded on a stock exchange, and a few 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 option.
Obviously, another option for investing in real estate is your good old fashion rental property. You could purchase a condo, single-family residence , or multi-unit property.
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Owning rental properties can be a fantastic source of income, but if not it is truly passive will depend on a couple of aspects. The more properties you own and the further tenants you manage, the longer 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 that could be totally new to you. You can add authorized their website users to 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 find a increase in their score by piggybacking off of 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 that you dont know and trust. But the procedure only involves adding the consumer to a account, the card will be sent to your own address and you can ruin it.
However, there's still some risk involved. The threat involves the chance of your credit card account being shut by the issuer, because in most cases this will be violating the terms. Its not illegal, but it will violate the details of the charge card companies, so that they may close your Related Site account if they know you're doing it. .
Its definitely not for everyone, but some folks are making good money with very little effort. If you want to learn more I recommend reading this thread at Mr. Money Mustache for tons of details from a man who is making a couple thousand dollars per month with this and its quite passive. .
One of my favourite, easy ways to earn money is by way of credit card bonuses. Many credit cards will 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 the majority of your purchases using a credit card, hitting $500 in 3 months is simple. .
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Now, check that this isnt something that you can perform all of the time, however 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 previous two or three years using this approach.
Don't go overboard. Opening too many new credit accounts in a brief time period can damage your ability to get credit when you need it.