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P2P lending can be somewhat risky, but there is potential for a fairly good return on your investment. In case youre interested you should take some opportunity to educate yourself and ensure that you understand all of the particulars. Peer-to-Peer Lending 101 from Great Financial Cents is an excellent starting point. .
Real estate crowdfunding websites enable you to invest in property without all of the headaches that usually go along with owning property. You dont have any of this job, you simply invest and take on some of the risk.
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This is a very popular investment because so many men and women want to invest in property but dont have enough time or want to be a landlord. Also, in many cases you can get started with a relatively 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 generated. .
There are many 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 option.
Obviously, another option for investing in real estate is your excellent old fashion rental home. You can purchase a condo, single-family residence or multi-unit property.
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Owning rental properties can be a great source of income, but whether or not it is really passive will probably depend on a couple of factors. The more possessions you own and also the further tenants you manage, the more time you will see this website 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 could be completely new to you. You can add authorized users for your own credit cards (without actually giving them a card or access for your account) and be paid to do it. People who are looking to boost their credit score can find a boost in their score by piggybacking off of your payment history.
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If youve never heard of selling/renting tradelines before it probably sounds ridiculous and dangerous. The first concern usually involves putting yourself at risk for adding an authorized user that you dont know and hope. But the procedure only involves adding the consumer to your account, the card will be sent to your address and you can destroy it.
However, there is still some risk involved. The threat involves the chance of your credit card account being shut by the issuer, because in many cases this will be violating the conditions. Its not illegal, but it does violate the details of the credit card companies, so they can close your account if they know you're doing it. .
Its definitely not for everyone, but a few folks are making good money with very little effort. If you want to learn more I recommend reading this thread in 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 our website my favourite, 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 most of your purchases with a credit card, hitting $500 in 3 months is simple. .
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Nowthis isnt something that you can do all the time, but you can sign up for 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 short period of time can hurt your ability to get credit when you need it.