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P2P lending can be a bit risky, but there is potential for a fairly good return on your investment. If youre interested you should take some time to educate yourself and ensure you understand all of the particulars. Peer-to-Peer Lending 101 from Great Financial Cents is an excellent starting point. .
Real estate crowdfunding websites enable you to invest in real estate without all the headaches that usually go along with owning property. You dont have any of this job, you simply invest and take on a few of the risk.
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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 the time or desire to become a landlord. Also, 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 like office buildings, apartment complexes, shopping malls, or hotels. REITs make it possible 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 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.
Of course, another option for investing in real estate would be the good 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 if not it is really passive will probably depend on a couple of aspects. The more possessions you own and the further tenants you manage, the longer you 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 totally 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. People who are looking to boost their credit score 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 probably sounds ridiculous and dangerous. The first concern usually involves putting yourself in danger 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 own address and you can ruin it.
However, there's still some risk involved. The threat involves the possibility of your credit 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're doing it. .
Its definitely not for everyone, but a few people are making excellent money with very little work. If you want to learn more I recommend reading this thread at Mr. Money Mustache for tons of information from a man who is making a few thousand dollars per month with this and its very passive. .
One of my favourite, simple ways to earn money is through credit card bonuses. Many credit cards will provide you a bonus just for like it signing up and for making a minimum amount of purchases on the card during an introductory period. As an 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 youre like me and you make the majority of your purchases with a credit card, then hitting $500 in 3 months is simple. .
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Now, this isnt something that you can perform all the time, however you can sign up for a new credit card or two a year, have a peek at this website depending on your situation. Ive made hundreds of dollars all the past 2 or 3 years using this approach.
Don't go overboard. Opening too many new credit accounts in a short time period can hurt your ability to get credit when you need it.