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P2P lending can be a bit 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 of the details. Peer-to-Peer Lending 101 from Good Financial Cents is an excellent starting point. .
Real estate crowdfunding websites 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 work, you merely invest and take on a few of the risk.
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This is a really common investment since so many people want to invest in real estate but simply dont have enough time or desire 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 real estate like office buildings, apartment complexes, shopping malls, or hotels. REITs make it possible to invest in real estate on a small scale, and also to earn a share of the income produced. .
There are many different types of REITs. Some are publicly traded on a stock exchange, and some are not. REITs may 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 would be your good old fashion rental home. You could buy a condo, single-family home, or multi-unit property.
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Owning rental properties can be a fantastic source of income, but if not it is really passive will depend on a couple of factors. 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 the best option is to hire a property manager. .
Here's a potentially lucrative passive income source which could be completely new to you. You can add authorized users for your credit cards (without really giving them a card or access to your account) and click here now be paid to do it. People who are looking to boost their credit score can get a boost 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. But the process only involves adding the user to your account, the card will be sent to your address and you can ruin it.
But, there is still some danger involved. The threat involves the chance of your charge card account being shut by the issuer, because in most situations this will be violating the conditions. Its not illegal, however it does violate the terms of the charge card companies, so that they may close your account Check This Out if they know you're doing it. .
Its definitely not for everyone, but a few people are making good money with very little work. If you want to learn more I recommend reading this thread at Mr. Money Mustache for lots of details from a man who is making a few thousand dollars per month with this and its quite passive. .
One of my favourite, easy ways to make money is through credit card bonuses. Many credit cards will 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 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, hitting $500 in 3 months is simple. .
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Now, this isnt something that you can perform all of the time, however you can sign up to get a new credit card two a year, depending on your situation. Ive made hundreds of dollars each of the previous two or three years with this approach.
Don't go overboard. Opening too many new credit accounts in a brief time period can hurt your ability to get credit when you need it.