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P2P lending can be a bit risky, but there's potential for a pretty good return on your investment. In case youre interested you should take some opportunity 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 enable you to invest in property without all the headaches that typically go along with owning property. You dont have any of this job, you simply invest and take on some of the threat.
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This is a really popular investment since so many people want to invest in real estate but dont have the time or want to become a landlord. In addition, in many cases you can begin with a rather modest investment.
REITs (Real Estate Investment Trust) provide 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 possible to invest in property on a small scale, and to earn a share of the income produced. .
There are many different kinds of REITs. Some are publicly traded on a stock exchange, and a few 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 start with real estate investing, REITs can be an excellent option.
Of course, another option for investing in real estate would be the good old fashion rental property. You could purchase a condo, single-family homeor multi-unit home.
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Owning rental properties can be a great source of income, however if not it is really passive will probably depend on a couple of aspects. The more possessions you own and also the further tenants you manage, the more time you'll 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 could be totally new to you. You can add authorized users to your own credit cards (without actually giving them a card or access for your account) and be paid to do it. Individuals who are looking to improve their credit score can get 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 likely sounds ridiculous and dangerous. The first concern usually involves putting yourself in danger for adding an authorized user which you dont know and hope. However, the procedure only involves adding the consumer 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 risk involves the possibility of your credit card account being closed by the issuer, because in most situations this is going to be violating the conditions. Its not illegal, but it will violate the terms of the charge card companies, so they can close your account if they know you're doing it. .
Its definitely not for everyone, but some folks 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 details from a guy who's making a few thousand dollars per month i was reading this with this and its very passive. .
One of my favorite, easy ways to make money get more 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. As an example, 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 most of your purchases with a credit card, then hitting $500 in 3 months is simple. .
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Nowthis isnt something which you can perform 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 previous two or three years using this approach.
Don't go overboard. Opening too many new credit accounts in a short period of time can damage your ability to get credit when you need it.