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P2P lending can be somewhat risky, but there's potential for a pretty good return on your investment. If youre interested you should take some opportunity to educate yourself and make sure you understand all the details. Peer-to-Peer Lending 101 from Good Financial Cents is an excellent starting point. .
Real estate crowdfunding sites enable you to invest in real estate without all of the headaches that usually go along with owning property. You dont have any of this job, you merely invest and take on a few of the threat.
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This is a very common investment because so many people want to invest in property but simply dont have enough time or want to be a landlord. In addition, in many instances you can get started with a rather modest investment.
REITs (Real Estate Investment Trust) provide another means to invest in property without the hassle of being a landlord. The REIT owns income-producing real estate like office buildings, apartment complexes, shopping malls, or hotels. REITs make it possible to invest in real estate on a tiny 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 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.
Obviously, another option for investing in real estate would be the excellent old fashion rental property. You could buy a condo, single-family residence , or multi-unit property.
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Owning rental properties can be a fantastic source of income, however if not it is truly passive will depend on a few aspects. The more properties you own and also 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's a potentially lucrative passive income source that may be totally new to you. You can add authorized users to 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 improve their credit rating can find a increase in their score by simply piggybacking off of your payment history.
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If youve never heard of selling/renting tradelines until it likely sounds absurd and dangerous. The first concern usually involves putting yourself in danger for adding an authorized user which you dont know and hope. However, the process only involves adding the user to a account, the card will be sent to your address and you can destroy it.
However, there's still some risk involved. The risk involves the possibility of your credit card account being closed by the issuer, because in most cases this is going to be violating the conditions. Its not illegal, however it that site does violate the details of the charge card companies, so they may close your account if they know you're doing it. .
Its definitely not for everyone, but some folks are making blog here good money with hardly any 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 very passive. .
One of my favorite, easy ways to make money is through 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. 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 most of your purchases using a credit card, hitting $500 in 3 months is simple. .
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Nowthis isnt something which you can do all 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 official source too many new credit accounts in a brief period of time can hurt your ability to get credit when you need it.