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P2P lending can be a bit insecure, but there's potential for a pretty good return on your investment. In case youre interested you should take the opportunity to educate yourself and ensure you understand all of the details. Peer-to-Peer Lending 101 from Great Financial Cents is an excellent starting point. .
Real estate crowdfunding sites allow you to invest in real estate without all the headaches that usually go along with owning real estate. You dont have any of this work, you merely invest and take on a few of the threat.
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This is a really popular investment because so many people want to invest in property but dont have enough time or desire to become a landlord. In addition, in many cases 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 property like office buildings, apartment complexes, shopping malls, or hotels. REITs make it possible to invest in real estate on a small scale, and to earn a share of the income generated. .
There are several different kinds of REITs. Some are publicly traded on a stock exchange, and some are not. REITs might also be in the kind 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 is your excellent old fashion rental property. You could purchase a condo, single-family residence , 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 probably depend on a couple of 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 moved here be a passive investment the best option is to hire a property manager. .
Here is a potentially rewarding passive income source that may be completely new to you. You can add authorized users to your own credit cards (without actually giving them a card or access to your account) and be paid to do it. Individuals who are looking to improve their credit score can get a increase in their score by piggybacking from 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 generally involves putting yourself at risk for adding an authorized user that you dont know and trust. But the procedure only involves adding the user to your account, the card will be sent to your address and you can ruin it.
However, there is still some danger involved. The risk involves the chance of your charge card account being closed by the issuer, because in many situations this is going to be violating the conditions. Its not illegal, however it will violate the details of the credit card companies, so they may close your account if they know you are doing it. .
Its definitely not for everyone, but a few folks 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 information from a guy who's making a few thousand dollars per month with this and its very passive. .
One of my favorite, simple ways to make money Full Report 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. For 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 using a credit card, then hitting $500 in 3 months is simple. .
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Now, this isnt something that you can do 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 dollars each of the past 2 or 3 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.