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P2P lending can be somewhat insecure, but there is potential for a pretty good return on your investment. In case youre interested you should take some time to educate yourself and make sure that you understand all the details. Peer-to-Peer Lending 101 from Great Financial Cents is an excellent starting point. .
Real estate crowdfunding websites allow you to invest in property without all the headaches that usually go along with owning real estate. You dont have any of this job, you merely invest and take on a few of the threat.
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This is a very popular investment since so many men and women want to invest in real estate but simply dont have enough time or desire to become a landlord. Also, in many instances you can begin with a relatively small investment.
REITs (Real Estate Investment Trust) offer another way 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 hotels. REITs make it feasible to invest in property 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 some are not. REITs might 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 the good old fashion rental home. You could purchase a condo, single-family homeor multi-unit property.
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Owning rental properties can be a great source of income, however if not it is really passive will look at here now probably depend on a few aspects. The more properties you own and also the more tenants you manage, the longer 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's a potentially lucrative passive income source which may be completely 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 that are looking to boost their credit rating can find a boost in their score by piggybacking from 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 usually involves putting yourself at risk for adding an authorized user that you dont know and trust. But the process only involves adding the user to a account, the card will be sent to your own address and you can destroy it.
However, there is still some risk involved. The threat involves the possibility of your credit card account being shut by the issuer, because in many situations this is going to be violating the conditions. Its not illegal, however it does violate the details 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 effort. If you want to learn more I recommend reading this thread in 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 favorite, easy ways to make money is by way of credit card bonuses. Many credit cards can provide you a bonus just for signing up and for making a minimum amount of purchases on the card during an introductory period. For example, right now Chase is offering a fantastic read 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 using a credit card, then hitting $500 in 3 months is easy. .
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Nowthis isnt something which you can do all the time, but you can sign up to get a new credit card or two a year, depending on your situation. Ive made hundreds of dollars all the past two or three years with this approach.
Don't go overboard. Opening too many new credit accounts in a brief time period can damage your ability to get credit when you need it.