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P2P lending can be a bit insecure, but there's potential for a pretty good return on your investment. If youre interested you should take the opportunity 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 websites allow you to invest in property without all of the headaches that typically go along with owning property. You dont have any of this job, you merely invest and take on some of the risk.
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This is a really popular investment because so many men and women want to invest in property but simply dont have the time or want to be a landlord. Also, in many cases you can get started with a rather modest 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 like office buildings, apartment complexes, shopping malls, or resorts. REITs make it feasible to invest in real estate on a small scale, and also to earn a share of their 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 start with real estate investing, REITs can be an excellent option.
Of course, another option for investing in real estate is the good old fashion rental property. You could purchase a condo, single-family home, or multi-unit property.
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Owning rental properties can be a great source of income, however if not it is truly passive will depend on a few factors. The more properties you own and also the more tenants you manage, the longer best site you will need to put into it. If you want it to be a passive investment 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 own credit cards (without actually giving them a card or access for your account) and be paid to do it. Individuals that are looking to boost their credit score can get 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 likely sounds ridiculous and dangerous. The first concern usually 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 your account, the card will be sent to your own address and you can destroy it.
However, there's still some risk involved. The threat involves the chance of your charge card account being closed by the issuer, because in many cases this is going to be violating the terms. Its not illegal, but it does 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 some folks are making excellent money with very little effort. 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 favourite, easy ways to make money find here 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. For instance, right now Chase is offering a $150 bonus if you sign up for a Chase site here 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, hitting $500 in 3 months is simple. .
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Now, this isnt something that you can perform 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 bucks each of the past 2 or 3 years with this 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.