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P2P lending can be somewhat risky, but there is potential for a pretty good return on your investment. If youre interested you should take some time to educate yourself and make sure that you understand all the particulars. Peer-to-Peer Lending 101 from Great Financial Cents is an excellent starting point. .
Real estate crowdfunding sites allow you to invest in property without all of the headaches that usually go along with owning property. You dont have any of the job, you simply invest and take on a few of the threat.
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This is a really popular investment because so many men and women want to invest in real estate but simply dont have enough time or want to become 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 real estate like office buildings, apartment complexes, shopping malls, or resorts. REITs make it feasible to invest in real estate on a tiny scale, and to earn a share of the income produced. .
There are several different kinds of REITs. Some are publicly traded on a stock exchange, and some 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 is your excellent old fashion rental home. You can 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 whether or not it is truly passive will depend on a few factors. The more possessions you own and also the further tenants you manage, the more time you More about the author will 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 rewarding passive income source that could be completely new to you. You can add authorized users for your credit cards (without really 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 off of your payment history.
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If youve never heard of selling/renting tradelines before it probably sounds absurd and dangerous. The first concern generally involves putting yourself in danger for adding an authorized user that you dont know and trust. However, the procedure only involves adding the user to a account, the card will be sent to your own address and you can ruin it.
However, there is still some risk involved. The risk involves the possibility of your credit card account being closed by the issuer, because in most cases this will be violating the terms. Its not illegal, but it does violate the terms of the charge card companies, so that they may close your account if they know you're doing it. .
Its definitely not for everyone, but a few folks are making excellent money with very little effort. If you want to learn more I recommend reading anonymous this thread in Mr. Money Mustache for tons of details from a guy who's making a couple thousand dollars per month with this and its quite passive. .
One of my favorite, easy 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 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 a knockout post youre like me and you make most of your purchases with a credit card, then hitting $500 in 3 months is easy. .
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Now, this isnt something that you can do all the time, however you can sign up for a new credit card or 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 short time period can damage your ability to get credit when you need it.