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P2P lending can be a bit 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 of 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 property without all of the headaches that usually go along with owning real estate. You dont have any of this job, you merely invest and take on some of the threat.
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This is a very popular investment because so many people want to invest in real estate but simply dont have the time or want to become a landlord. In addition, in many instances you can get started with a rather small investment.
REITs (Real Estate Investment Trust) offer another means to invest in property without the hassle of being a landlord. The REIT owns income-producing property such as office buildings, apartment complexes, shopping malls, or resorts. REITs make it possible to invest in property on a tiny 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 choice.
Obviously, another option for investing in real estate is the excellent old fashion rental home. You could buy a condo, single-family homeor multi-unit property.
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Owning rental properties can be a great source of income, but if not it is really passive will depend on a few aspects. The more properties you own and also the more 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 is a potentially lucrative passive income source that could be totally new to you. You can add authorized users for your credit cards (without really giving them a card or access to your account) and be paid to do it. Individuals that are looking to boost their credit score can find a increase in their score by piggybacking from your payment history.
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If youve never heard of selling/renting tradelines before it likely sounds absurd and dangerous. The first concern usually involves putting yourself at risk for adding an authorized user which you dont know and trust. But the procedure only involves adding the user to your account, the card will be sent to your own address and you can ruin it.
But, there's still some risk involved. The threat involves the possibility of your charge card account being closed by the issuer, because in most situations this is going to be violating the conditions. Its not illegal, but it does violate the terms of the credit card companies, so that they can close your account if they know you're doing it. .
Its definitely not for everyone, but some folks are making good money with very little work. If you want to learn more I recommend reading this thread in Mr. Money Mustache for lots of details from a man who is making a couple thousand dollars per month with this and its quite passive. .
One of my favorite, easy ways to earn money is by way of credit card bonuses. Many credit cards can give 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 this contact form 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 read here in 3 months is easy. .
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Now, this isnt something which you can do all of the time, however you can sign up for a new credit card or two a year, depending on your situation. Ive made hundreds of dollars each of the past 2 or 3 years with 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.