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P2P lending can be somewhat insecure, but there's potential for a pretty good return on your investment. In case youre interested you should take some time to educate yourself and ensure you understand all of the particulars. Peer-to-Peer Lending 101 from Good Financial Cents is an excellent starting point. .
Real estate crowdfunding sites allow you to invest in real estate without all of the headaches that typically go along with owning real estate. You dont have any of this work, you merely invest and take on some of the risk.
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This is a very common investment because so many men and women want to invest in real estate but dont have the time or want to become a landlord. In addition, in many instances you can get started with a relatively modest investment.
REITs (Real Estate Investment Trust) provide another way to invest in real estate without the hassle of being a landlord. The REIT owns income-producing real estate such as office buildings, apartment complexes, shopping malls, or hotels. REITs make it possible to invest in real estate on a small scale, and also to earn a share of their income produced. .
There are several different kinds of REITs. Some are publicly traded on a stock exchange, and a few 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 start with real estate investing, REITs can be an excellent option.
Of course, another option for investing in real estate is your good old fashion rental home. You could buy a condo, single-family homeor multi-unit home.
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Owning rental properties can be a fantastic source of income, however if not it is really passive will probably depend on a couple of aspects. The more properties you own and also the more tenants you manage, the more time 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 which may be completely new to you. You can add authorized users to your own credit cards (without really giving them a card or access to your account) and be paid to do it. People who are looking to improve their credit rating can get a boost in their score by simply piggybacking from 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 which you dont know and trust. However, 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 get redirected here cases this is going to be violating the terms. Its not illegal, however it will violate the terms of the charge 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 very little effort. If you want to learn more I recommend reading this thread in Mr. Money Mustache for lots of details from a guy who is making a few thousand dollars per month with this and its very passive. .
One of my favorite, simple ways to earn 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 This Site 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 with a credit card, hitting $500 in 3 months is easy. .
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Now, this isnt something which you can perform 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 each of the previous 2 or 3 years with this try this site approach.
Don't go overboard. Opening too many new credit accounts in a brief period of time can damage your ability to get credit when you need it.