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P2P lending can be a bit insecure, but there's potential for a fairly good return on your investment. In case youre interested you should take some opportunity 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 allow you to invest in real estate without all of the headaches that typically go along with owning property. You dont have any of the job, you simply invest and take on some of the threat.
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This is a really popular investment because so many men and women want to invest in property but simply dont have the time or desire to be a landlord. In addition, in many instances you can begin with a rather modest investment.
REITs (Real Estate Investment Trust) offer another means to invest in property 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 property on a small scale, and 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 form of mutual funds or ETFs.
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If youre looking for an easy way to get started with real estate investing, REITs can be an excellent choice.
Of course, another option for investing in real estate would be the excellent old fashion rental home. You can buy a condo, single-family home, or 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 depend on a few aspects. 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 that the best option is to hire a property manager. .
Here's a potentially rewarding passive income source which could 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 who are looking to boost their credit rating can find a increase 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 generally involves putting yourself at risk for adding an authorized user which you dont know and hope. company website But the process only involves adding the consumer to your account, the card will be sent to your address and you can ruin it.
But, there's still some danger involved. The risk involves the possibility of your credit 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 terms of the credit card companies, so that they can close your account if they know you're doing it. .
Its definitely not for everyone, but some people are making good money with hardly any work. If you want to learn more I recommend reading this thread at Mr. Money Mustache for tons of details from a guy who's making a few thousand dollars per month with this and its very passive. .
One of my favorite, easy ways to earn 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 the majority of your purchases with a credit card, then hitting $500 in 3 months is simple. .
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Nowthis isnt something that you can do all of the time, but you can sign up for a new credit card 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 brief time period can damage your ability to get credit when you need it.